remove affordability and profitability from the equation
I was reading the Secretary of Public Tansport Council, Looi Teik Soon's reply to Lim Boon Hee's 'Absolute fare comparison is misleading.' And after adjusting for Purchasing Power Parity, Singapore's transport fare is still CHEAP compare to HongKong, London and New York. The argument on this basis is perfectly sound and logical. It is based on affordability. The income of those commuters in other cities are higher so they should pay more. Our income is lower, then we should pay lesser. But we should not be paying lesser as the comparison says that all things being equal, we should be paying more. After adjusting for PPP we should and could be made to pay as high as New York. So our average fare should be $1.42 instead of 66c. Anyone sees anything wrong with this logic? The approach for how much the commuters should be paying is not dependent on operating cost or profitability but how much one can afford. Just like our HDB pricing. So if Singaporeans can afford to pay $20, this logic will say our average fare should be $20! I still think that we should return public services back to the govt and remove the idea of profitability and affordability from the thinking and equation. Public services are essential services and should be cost and charged on a different formula from commercial enterprises.