atans1

PAPpy Grinch strikes? Or is it Scrooge?

In Financial competency, Infrastructure on 29/12/2016 at 6:43 am

And “Heads or tails, we get screwed”, and “The rule is, jam to-morrow and jam yesterday – but never jam to-day.” were the tots that crossed my mind when I read that the Public Transport Council (PTC) may recommend standardising fares for all MRT lines and bus routes here.

In a blog post on Monday (Oct 10) PTC chairman Richard Magnus said that “it is clear that commuters prefer a simple fare structure”.

True but we prefer lower prices too. And the plan to standandise the fare structure sounds like an excuse not to pass on the benefits of lower costs to us.

Mr Magnus added that while the large negative quantum of 5.7 per cent may have commuters hoping for a corresponding drop in fares,trade-offs may be necessary to balance the various interests of commuters, the need for operators to sustain a viable public transport system, and the “financial burden” of Government expenditure on public transport infrastructure and assets.

ST

Stop the BS about “financial burden” of Government expenditure on public transport infrastructure and assets**. Hey we got budget surpluses that need recycling. And recycling doesn’t juz mean giving Temasek and GIC money to gamble invest.

So long as there are humongous budget surpluses, we can have our cake and eat it. Now if the budget is neutral, then fair enough to raise fares.


*“The rule is, jam to-morrow and jam yesterday – but never jam to-day.”

Jam tomorrow or jam to-morrow (older spelling) is an expression for a never-fulfilled promise. It originates from Lewis Carroll’s 1871 book Through the Looking Glass and What Alice Found There.[1] In the book the White Queen offers Alice “jam every other day” as an inducement to work for her:
“I’m sure I’ll take you with pleasure!” the Queen said. “Two pence a week, and jam every other day.”
Alice couldn’t help laughing, as she said, “I don’t want you to hire me – and I don’t care for jam.”
“It’s very good jam,” said the Queen.
“Well, I don’t want any to-day, at any rate.”
“You couldn’t have it if you did want it,” the Queen said. “The rule is, jam to-morrow and jam yesterday – but never jam to-day.”
“It must come sometimes to ‘jam to-day’,” Alice objected.
“No, it can’t,” said the Queen. “It’s jam every other day: to-day isn’t any other day, you know.”
“I don’t understand you,” said Alice. “It’s dreadfully confusing!”

Wikipedia

**ST reported him as saying:

He noted that $4 billion would be spent to subsidise bus services over next five years under the bus contracting model.

Other considerations include the reliability of the expanding rail line and the manpower crunch in the sector.

“Realistically, it is not sustainable to keep imposing higher standards on our operators while fares remain unchanged, or to keep increasing the level of subsidies from the Government. The experts’ view is to avoid large fluctuations in fares which may create adverse impact to industry stakeholders; and to have small and gradual fare adjustments instead,” he said.

“A fine balance is therefore necessary to ensure that our public transport system remains viable and sustainable in the long run.”

So long as there are humongous budget surpluses, we can have our cake and eat it. Now if the budget is neutral, then fair enough to raise fares.

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