What does shareholders of SMRT and SBS do besides collecting dividends? What is the duty of shareholders? As shareholder, they are suppose to inject capital but the money come from taxpayers instead. $900 million to buy new buses and $1.1 billion to repair trains come from taxpayers. Taxpayers paid for the first batch of trains, paid for train stations, roads, bus interchanges, train tracks etc. All the capital injection came from taxpayers. What did the shareholders of SMRT and SBS paid for ??
When Swiss national broke into SMRT Depots more than once and vandalize trains, Government say SMRT is private company so Government should not be blame. When buy buses and repair trains, Government flip flop and say SMRT and SBS are public entities so need to give them $2 billion of taxpayers money.
COE is limited ENTITLEMENTS so must give SINGAPOREANS first since it is a Singaporean Entitlement. Since COEs are always not enough, Singaporeans must come first. Some cities are already favouring citizens over foreigners on transportation.
Foreigners and PRs make up 40% of Singapore population so car population are also more or less driven by 40% foreigners and PRs. Forbid Foreigners and PRs from buying new cars.Allow them to rent cars, buy second hand cars, take taxis, take public transport. Demand for COEs will drop.
COE was aim to curb car population but the only groups that were affected are middle income, low income and Singaporeans. Do not let the rich people, foreigners and PRs drag Singaporeans down in owning a basic car, Singaporeans work hard for it.
As long as PAP's liberal mass immigration and labour policies stay, COE is useless as roads will still get choked up by increasing number of car owners from outside Singapore. There are not enough roads in Singapore for 6.9 million population and the cars for that population. COE has degenerated from controlling car population into a revenue spinner for PAP. All the roads built in Singapore have recovered cost by now and earning a healthy profit.
The PAP IB who speaks falsely and uses false statistics often. How are you doing? Guess you do not understand how COE works. Go and find out before talking. Clue is demand for second hand cars will make demand for COE drop and prices of new cars will drop too. Similar policy on restricting foreigners for HDB.
PAP invented COE, forced all car buyers to accept the system and brought in foreign drivers to buy COEs. Dont blame PAP, blame who? We are just consumers of PAP policies. Dont buy house, dont buy car, dont eat just because prices became premium then what for Singaporeans work hard ? To feed the expensive government ?
Maybe then you should not own a car since you are on a high horse. PAP told Singaporeans car was basic as it was a sign of progress and affuence. But later PAP realise it need to make money from MRTs and Buses after privatisation and roads are getting clogged and so make up a nice propaganda that cars are luxuries. You mean cars are luxuries like a Rolex watch ?? My life is not inconvenient without a Rolex watch.
Only PAP has track record of being populist and spending money to buy votes and fix Opposition. e.g. PA Grassroots, RCs, CCCs, CCMCs, CDCs, CDACs, Media, etc
Pappy Tan
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