tag:blogger.com,1999:blog-17473688.post5564636149994284104..comments2024-03-29T22:35:40.298+08:00Comments on My Singapore News: No to subsidised petrol for SingaporeansChua Chin Leng aka redbeanhttp://www.blogger.com/profile/11743716923635835397noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-17473688.post-62658356549833773632008-06-02T14:43:00.000+08:002008-06-02T14:43:00.000+08:00What you've illustrated is economic reality at wor...What you've illustrated is economic reality at work.<BR/><BR/>When you have one market, and two prices for the same item, guess what's going to happen? People are going to devise all sorts of "plans" to pay the lower price.<BR/><BR/><B>"People respond to incentives"</B><BR/><BR/>So the govt steps in. They make it worse. Now one group gets a "free kick" -- e.g. the people with SUVs with dual long Ⓜatilah $ingapura⚠️https://www.blogger.com/profile/02652498247201967379noreply@blogger.comtag:blogger.com,1999:blog-17473688.post-58993015709844460452008-06-02T08:26:00.000+08:002008-06-02T08:26:00.000+08:00the differential in pricing was done without any c...the differential in pricing was done without any cross border intent. malaysia did it for their people at a price they are happy with as a oil producer. <BR/><BR/>it only becomes a hot issue when the differential became too big and singaporeans living near the causeway saw the comparative advantage of pumping petrol there despite the 3/4 rules. and in a way, it also helps to generate business Chua Chin Leng aka redbeanhttps://www.blogger.com/profile/11743716923635835397noreply@blogger.comtag:blogger.com,1999:blog-17473688.post-25026881576213153832008-05-28T14:29:00.000+08:002008-05-28T14:29:00.000+08:00What Malaysia does is their business.The SG.gov is...What Malaysia does is their business.<BR/><BR/>The SG.gov is correct in not subsidising fuel.<BR/><BR/>This is in line with healthy free-market principles.<BR/><BR/>Good job.Ⓜatilah $ingapura⚠️https://www.blogger.com/profile/02652498247201967379noreply@blogger.comtag:blogger.com,1999:blog-17473688.post-90464781356795231642008-05-28T13:20:00.000+08:002008-05-28T13:20:00.000+08:00Reduction of any of the items mentioned will be co...Reduction of any of the items mentioned will be considered as subsidy. MM already said NO, so hoping for any such reductions would be like asking for blood from a stone. Yo are right, once these prices are up, they will never come down, even when the external influencing factors are normal again. he only way for the ordinary people is to work smart and improve, following what MM and PM have been Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-17473688.post-27939300308313085742008-05-28T11:33:00.000+08:002008-05-28T11:33:00.000+08:00Meaning that it is good for the economy if the gov...Meaning that it is good for the economy if the government inflate prices artificially. If we were to understand why COL has shot through the ceiling, the root cause is not only due to external factors but also internal. A few examples of the government's meddling into our COL are FW's levy, maids levy, consumption taxes, 3/4 tank ruling, GST, ERP and etc.<BR/><BR/>Inflating all these adds to ourAnonymousnoreply@blogger.com