The only real definite way to avoid GST increase is to increase the maximum income tax level.
In USA in 1930s to 1980s, it was 78%.
It is now down 35% but calls are for the top tax rate to increase again to pay for social programmes to uplift low wage workers etc.
There is also a movement against rent seeking: e.g. curb chief executive pay, reduce patent periods to prevent patent owners from excessive rent seeking etc etc.
High taxes on the super-rich are back in vogue
PUBLISHED on 27 February 2019.
A tax counter-revolution may be under way
Could a new tax revolution be on the cards that will end the long era of low taxes for the super-rich? We don't know yet, but in the United States, the battle lines are being drawn.
The newly elected US Congressman Alexandria Ocasio-Cortez made headlines recently when she proposed a top marginal tax rate of 70 per cent on incomes of US$10 million (S$13.5 million) or more. The left-of-centre US politician and presidential candidate, Senator Elizabeth Warren, proposes a 2 per cent "ultramillionaire wealth tax" on people with a net worth of US$50 million and an additional 1 per cent on those worth more than US$1 billion. This tax would be levied on the combined value of all assets, including financial assets and real estate held both within and outside the US... ...
https://www.straitstimes.com/opinion/hi ... k-in-vogue