Oracle: September 20, 2013 at 3:05 pm (Quote) Fellow S’poreans: The COE system is a Hangman’s Noose that will snuff everything in existence. You see, with a liberal immigration policy (6.9 million by yr 2030) plus attempts to attract the well-heeled to S’pore, COE prices are destined to go even higher including commercial COEs. The very nature of COE auctions/tenders is to MODERATE private transport VEHICULAR GROWTH under a REASONABLE POPULATION GROWTH rate. BUT with unbridled immigration, COE prices goes up even higher as the very nature of regulating vehicular growth cannot be achieved as more people pour into S’pore. Added to the volatile mix, the intake of rich, wealthy class whom won’t bat an eyelid in bidding up prices for COE just to get what they want. It is not what the COE system was intended (regulate vehicular growth) – becoming an obvious wealth & upfront tax. This is a BAD POLICY which the govt doesn’t even want to address ‘cos COE system is like crack cocaine – it is very addictive! Easy revenue! Like an addict refusing to acknowledge their addiction, they are in self denial! That is why the govt are imploring people to give up their dreams! But what they don’t realized is that the COE system is also choking off businesses relying on transportation of goods & services. Except for motorcycle COEs, each COE category is interlinked including commercial COEs. You see, the next time you call a serviceman or have goods delivered to your home, the transport cost component will be going from $50->to $70->to $100 per trip. The cost of doing business will have go up substantially. Ask yourselves this question? At a time when the global economy is stagnant – low or negative growth with high unemployment, how can S’pore be faced with an escalating cost of living? The 6.9 million population white paper is another hangman’s noose. You are already seening Govt Land Sales prices gone up in recent tenders eg Yishun $1.43 Billion. todayonline/business/property/frasers-s143b-top-bid-yishun-site-stuns-market What this means is higher prices for residential properties & higher rentals for businesses. It is short-sighted policy to drive up land, property & leasing costs in today’s weak global economy. High transport costs, high leasing costs – no wonder international retailers like Carrefour left S’pore. A certain TRE commenter can recite globalization effect on immobile labour markets in China & India but doesn’t quite understand the true meaning of globalization. Astute global businessmen will know if a country’s cost of doing business is out-of-whack. They will avoid investing in that country & it will not be a receipient of the jobs creation loop. And that country is S’pore!
Posted on: Fri, 20 Sep 2013 11:25:43 +0000
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