Thursday, December 24, 2009

Profits

The government proudly claims that GST will not burden the People when the Anti Profit Excess Act is enforced but looking and learning from present and prevailing situation. Seldom the People is protected against unscrupulous business practices. Even if there are laws to curb such practices but its enforcement is always questionable.

Just look at the time when the government decided to increase the civil servants' salary, businesses started to hike the prices even before they receive the increment on the pretext of increasing costs. In the end, the government seems powerless to protect and help the People. Falling back to existing laws has never been effective. We have abundant laws but those laws have more or less fail to achieve their intended objectives.

Of course it is unfair to blame the government for such predicament as the business community themselves need to be cooperative and not bent solely on increasing their profits since they too have social responsibility since without the buyers they too will face tremendous predicament. Business community has been known for ages for their manipulative tendency. Though the society is facing with economic recession, business community seem immune to those problems as they still find ways to maximise their profits.

GST: Another project of the BN government

No comments: