Sinkie suggests a new COE category for 3,000cc cars for the rich

[LITTLEREDDOT]

One Sinkie is more intelligent than all the PAP ministers and Land Transport Authority superscale civil servants and scholars.

Quote: "Some Singaporeans will want the Government to have a new COE category for 3,000cc cars for the rich to compete among themselves and not for them to compete against the middle-income groups in the 2,000cc COE category."

Forum: Consequences of having sky-high COE prices​

Oct 11, 2023

Surely, the Government must be watching with concern the sharp rise in certificate of entitlement (COE) premiums in the past few months.
No doubt it is the Government’s policy to limit the number of COEs to control the vehicle population. The high COE premiums are unavoidable due to the limited number of COEs available for bidding each month.
The consequences of higher COE premiums are:
- The cost of living will rise, causing a ripple effect on the economy and affecting everyone;
- Push factors are created for those in the middle-income groups to leave Singapore for good. This will cause a brain drain in our workforce at the professional, managerial, executive and technical (PMET) levels.
Some Singaporeans will want the Government to have a new COE category for 3,000cc cars for the rich to compete among themselves and not for them to compete against the middle-income groups in the 2,000cc COE category.
Others may argue that higher COE premiums could serve a common social good when the Government is seen to give higher public transport rebates to the lower-income groups.

The hidden trade-offs cannot be ascertained or determined easily in a dynamic economy with no capital gains tax or estate duty tax for the distribution of wealth, as it could cause the income gap between the rich and the poor to widen further.

Tan Kok Tim

 

[k1976]

Higher COE seem to help Public Transport to huat even better and bigger de woh...unless simpleton ride cow or horse to work

 

[LITTLEREDDOT]

Higher COE seem to help Public Transport to huat even better and bigger de woh...unless simpleton ride cow or horse to work

Yes, the government coffers benefit from higher and higher COE prices.
So there is a vested interest, and a conflict of interest, in the current system and the government is unwilling, or will be slow, to change.

 

[syed putra]

Wot about EV's? Exempted?

 

[bobby]

There should be a category for foreigners COE, should be higher and less offered and they compete with themselves and leave us locals alone to compete.

 

[k1976]

There should be a category for foreigners COE, should be higher and less offered and they compete with themselves and leave us locals alone to compete.

Pls leemeber...must be "inclusive" and "equal" mah....no fair to let small group shoulder MORE

 

[congo9]

Knn. Grand plan is to get all low SES Singkie and mid level Singkie take public transport.

 

[mahjongking]

just earn your money here and at certain age, get the fuck off this island to a cheaper place

 

[k1976]

Knn. Grand plan is to get all low SES Singkie and mid level Singkie take public transport.

Maybe COE and ERP for Bicycle on the card?

To fund sustainability bicycle track development mah

https://www.straitstimes.com/singap...rs-in-the-making-and-still-has-some-way-to-go

 

[superpower]

Wot about EV's? Exempted?

EV classified with <1,600 cc cars under 'small cars' category.

COE taxes car ownership, not car usage. It's a failed system.

High time the PAP switched to a system that controls car usage (e.g. island-wide ERP) if they're sincere in tackling traffic congestion and emissions. Otherwise we'll just see more big houses with 5-6 cars sitting idlly inside, while middle class folks who really need a car are deprived.

 

[LITTLEREDDOT]

There should be a separate category for PHV owners.
They are willing to bid higher for COE as they will receive an income from using their vehicles for private hire.

 

[superpower]

There should be a separate category for PHV owners.
They are willing to bid higher for COE as they will receive an income from using their vehicles for private hire.

Most PHV drivers rent their cars from private rental companies, which are driving up COE prices like crazy. (The number of PHV has increased by 11.3% in the past 12 months)

Set aside a separate COE category for cars which are registered as PHV, whether individually or company owned.

In the long term the COE system is inequitable and unsustainable, because any system that segregates ownership based on ability to pay will penalise the lower and middle income classes.

 

[k1976]

Most PHV drivers rent their cars from private rental companies, which are driving up COE prices like crazy. (The number of PHV has increased by 11.3% in the past 12 months)

Set aside a separate COE category for cars which are registered as PHV, whether individually or company owned.

In the long term the COE system is inequitable and unsustainable, because any system that segregates ownership based on ability to pay will penalise the lower and middle income classes.

Good Hands find ot very fair and sustainable de woh....70.4% agreed 1moons ago

 

[millim6868]

Lol, if 3000cc above hv different coe, all transport system will increase price n all class coe will raise, Papigs calculate based on overall ,not isolate, now papigs will gladly take this suggestion n said sinkies wants it,lol

 

[k1976]

Lol, if 3000cc above hv different coe, all transport system will increase price n all class coe will raise, Papigs calculate based on overall ,not isolate, now papigs will gladly take this suggestion n said sinkies wants it,lol

Need high COE to help the poor mah

 

[Leongsam]

Those who cannot afford COEs are most welcome to fuck off from Singapore and not return.

The government is not interested in those who cannot afford a measly 150,000 smackos for the privilege of driving a car.

 

[k1976]

Those who cannot afford COEs are most welcome to fuck off from Singapore and not return.

The government is not interested in those who cannot afford a measly 150,000 smackos for the privilege of driving a car.

They have Sinki interest at Heart

 

[Loofydralb]

Remember to say you heard from moi first ok?
Now I tell you how to be equitable when it comes to cars.

Treat private cars like housing. Benefits to only citizens. Only citizens can bid for COEs.

If non citizens want to own a car, they must have contributed to at least 10 years to the economy. They will also pay a premium on top and above the COE bid.

 

[bushtucker]

Why would LTA listen to such feedback? They are enjoying record high profits during this period. And they can channel this money to building more MRT tracks and stations and swanky new trains. All for the sake of creating a car-lite society.

 

[congo9]

Singkie are really a diminishing tribe with wolf like PAP ready to put them through all sorts of grind.

If you don't reproduce , we will allow more foreigner to replace the birth rate. Singkie just suck thumb and dare not say anything.

Singkie are just dumb to the core
Rising property prices has helped some but it's going to drown them too in long run. The PAP are too agreeable to the whims and fancy of foreigner because Singkie are too myopic to see the bigger picture.