atans1

Naming and shaming a very stupid PAP MP

In Uncategorized on 02/04/2017 at 5:30 am

After a PAP MP said that the higher motor-bike taxes introduced in the Budget would help bring down bike COEs

Certificate of Entitlement (COE) premiums ended mostly higher in the latest bidding exercise on Wednesday (Mar 29).

Motorcycle premiums closed at S$8,081, a record high compared to the S$7,483 in the last exercise.

The Govt Parliamentary Chairman for Transport, Mr Sitoh Yih Pin had said, “The revised ARF, therefore, serves this further purpose ‒ to reduce the demand for expensive motorcycles and, consequently, to lower motorcycle COE prices and lower cost for purchasers of smaller motorcycles.” (My thanks to TNG’s Daniel Yap for drawing my attention to these remarks.)

What cock. What weed was this MP smoking when he said that? Same brand as that of the FT MP who said that the 30% hike in water prices is to make us more aware of the need to appreciate water more.

 

 

 

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  1. CNA article back in 2015:-
    http://www.channelnewsasia.com/news/singapore/more-riders-opting-for/2154834.html

    Big bikes only form about 10% of entire motorbike population, so massaging demand for big bikes not going to affect COE prices much.

    Issue is limited motorbike COE quota + limited deregistration of old motorbikes as the poorer folks can’t afford to buy new bikes.

    ARF tiered tax increase is mainly to cash in on trend of affluent buyers going for lifestyle bikes.

    Increase ARF not equal to decrease COE.
    “What has that to do with price of eggs?”
    or Englishman would say What’s that got to do with the price of tea in China?

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