tag:blogger.com,1999:blog-6297413898275266606.post1919986063479109479..comments2024-03-27T18:15:59.096+08:00Comments on Economics Malaysia: GST And Inflation Part IV: Some Theoryhishamhhttp://www.blogger.com/profile/06265308095732759923noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-6297413898275266606.post-27423449754541954312015-06-17T09:33:13.445+08:002015-06-17T09:33:13.445+08:00Everything have to be systematically done.Everything have to be systematically done.Geet Mohhttps://www.blogger.com/profile/00614617772006073159noreply@blogger.comtag:blogger.com,1999:blog-6297413898275266606.post-12240798433612448442013-06-04T09:57:26.010+08:002013-06-04T09:57:26.010+08:00A belated thank you for the links. :thumbs up:A belated thank you for the links. :thumbs up:hishamhhttps://www.blogger.com/profile/06265308095732759923noreply@blogger.comtag:blogger.com,1999:blog-6297413898275266606.post-14108973335960607422013-05-29T17:01:43.209+08:002013-05-29T17:01:43.209+08:00As a addendum to my earlier comment at 2.45pm, her...As a addendum to my earlier comment at 2.45pm, here is how Malaysian perceive and receive the proposed GST, especially the chronically irrational middle classes aka the nattering nabobs of negativity<br /><br />http://www.wbiaus.org/14.Rizal.pdf<br /><br />Some cautionary tale for both Najib's and Jala's arse, I reckon. And Not surprising that Palil and Ibrahim's findings is mirrored Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6297413898275266606.post-9597406107262959412013-05-29T14:45:51.239+08:002013-05-29T14:45:51.239+08:001. Yawn.......zzzzzzz.... an obviously irrelevant ...1. Yawn.......zzzzzzz.... an obviously irrelevant prattle akin to bludgeoning a visibly dead horse to more deaths, a samsara of death and rebirth , if you like!! What more it sounds preachy redundant especially when directed at the stupid intelligentsia suffering from thought amnesia! In fact, such is the idiocy that GST=inflation has been minted as a new canard, set to join the likes of money Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6297413898275266606.post-57784713621806581472013-05-29T14:02:54.739+08:002013-05-29T14:02:54.739+08:00re: luxury goods, I assumed it has high demand ela...re: luxury goods, I assumed it has high demand elasticity. Come to think of it, rich people probably have low elasticity when it comes to those goods anyway. But this is a minority case given the income distribution in Malaysia. So, best ignore the luxury goods remarks.Hafiz Noor Shamshttp://maddruid.comnoreply@blogger.comtag:blogger.com,1999:blog-6297413898275266606.post-4490379594583425062013-05-29T14:00:31.466+08:002013-05-29T14:00:31.466+08:00Whether a consumption tax is inflationary or other...Whether a consumption tax is inflationary or otherwise, that depends on elasticity though. Low elasticity means it can be inflationary (or at least, one time jump). People will just buy pretty much the same quantity given the price.<br /><br />Furthermore, through the lens of tax incidence, extremely low elasticity of demand would mean taxation burden would fall on consumers. So, luxury goods mayHafiz Noor Shamshttp://maddruid.comnoreply@blogger.comtag:blogger.com,1999:blog-6297413898275266606.post-30889915383685377932013-05-29T13:06:48.330+08:002013-05-29T13:06:48.330+08:00I've always thought the same, hence my view th...I've always thought the same, hence my view that GST will actually reduce inflation until income taxes are cut.<br /><br />I think we will be seeing differentiation between different industries, where the taxes on basic goods and services with inelastic demand can be pushed to the consumer leading to price rises, whereas the prices on luxuries with elastic demand (e.g. fancy hair cuts) will Anonymousnoreply@blogger.com