Clever ideas for COEs
The frustration faced by car owners and potential car owners is raising temperature by the look of the numerous appeals to the authority to revise the system. Many see the systems as totally flawed and have offered many clever ideas to make it more reasonable.
These well intended proposals by the public are nothing new, nothing difficult to figure out and nothing extraordinary. The super talents would have even much better ideas to improve the system. They are not duds. They know exactly what they are doing and why they are doing and why they refused to see from the perspective of the frustrated car owners. Do not underestimate their talents.
What the public failed to see is that the COE is the biggest cash cow to the govt next to the CPF and HDB. And it is even more efficient as a source of revenue with practically zero cost and zero effort. Printing a piece of paper is all it takes to collect a $100k. Why should the govt want to change this ATM and cut its revenue? And with the foreign talents with bigger pockets coming ashore, it is even better to make sure that the COE goes even higher. And for those who are earning tens of thousands a month, the convenience of a car and lesser cars on the road are things that they would not mind paying for. They only need to make sure their income and salary increases are ahead of the COE prices.
The unhappy public need not waste their time and talent with their clever suggestions. The deaf frogs would not listen as they know very well how flawed this system is to the car owners who cannot afford to pay higher COEs. It is a biased system in favour of the rich and you know who.