Tomorrow we will have a new budget

This is true: New Zealand will have a new budget tomorrow and I am holding my breath. John Key and Bill English and their cohorts, the National Party, is going to raise the GST (Goods and Services Tax) up from 12.5% to 15%. This is going to affect everyone who buys anything. There's also the new law for property owners who rent out their properties. Let's discuss a little about what may happen in the short term and long term. I am not going to say that I disagree with them, I am just trying to look into the future a bit and imagine what's the best and worst scenario. As politicians, they must have some analysts working on this, right? They do know what they are doing, right? Somehow, I doubt it. Do they really know what they are doing?
First of all, the people who owns properties are going to raise their rent because they need more money to pay the government, and you are not allowed to sell your property within certain amount of years after you bought it because then it will be speculating and you have to pay a higher tax. We will be told about how much more tax you will pay, but right now we know that there will be constraints put on these areas. People are still going to speculate in the market, but in my opinion, it will slow the market down a bit. The market is slow enough already because of recession, but sell is going to pick up because the interest rate is still low and people need to live in their own home. People who can afford to live in a rented home before may not be able to afford it anymore so they will need government assistance. Is this really going to save us money? People who can afford to live in a rented property now are going to be hit by higher GST.
Higher GST means that all the companies will have to raise the goods and services prices accordingly to make profit. People are certainly not earning a lot more money, unless you just had a pay rise. Can we still afford to buy food, fill up our cars, and travel? Are people going to be able to afford to buy houses, be a farmer, or work then retire? GST increases is not going to hurt so much long term because there will be a plateau and people are going to get used to the increase, and hopefully, the price of everything is not going to increase too much.
Let's look at some other countries where the GST is 5%. I lived in Taiwan and the GST there is 5%. Yes, the tax is not as high as New Zealand, but the economy is a lot healthier. The health system and education system are not as good as New Zealand because children don't get subsides, but the education is still pretty cheap before university. There are less benefits available there, and it is less common for people to get benefits. However, Taiwanese still have the same problem. There are people who can't afford to pay off their credit card debt and commit suicide. There are people who lost all the money they have and have to go to soup kitchens.
I think the government can do one thing that will help the economy. It can leave the people along a little bit and let them have some breathing space. Increasing GST now and give people tax cut may help people now, but is it really going to help New Zealand go forward in the future? I truly hope this is not going to destroy our economy further. I also wish that the scientific funding increase can help AgResearch. It needs help urgently because it is a RESEARCH FACILITY, not a commercial venture. The politicians don't understand it, and they still don't understand it!
I am sure that nobody cares about the little citizens of New Zealand. Thank you, New Zealand politicians, that's why I didn't vote for National.
I hope it will all work out for us, though. There's no hate there.