Inflation or money not enough

Parking fines to increase by as much as 40%. Illegal parking fines for vehicles would be raised from $50 to $70, an increase of $20 or 40%. Parking fines for not putting parking coupons, time gaps, delays, over parking, tailgating at ERPs etc etc all raised.
 
The last revision was in 1991, so long ago. Inflation must be the reason after so long never raise. Everything goes up, so parking fines must also go up. It is the natural order of things or else how to increase salaries?
Or is this another sign that money is not enough for the govt, and this is another area to squeeze more money for the govt to pay bigger salaries, bonuses, increments or some may say, lose money in long term investments?
 
We have several hundred billions under GIC, Temasek and MAS’s management invested for higher returns. If the net return is 4%, not miraculous 15% or whatever, for every $100b we should get $4b back. For $800b, my estimate, could be more AUM, we should be getting $32b in ROI. I am talking about net, after less salaries, bonuses and other costs, this is not small change.
 
Why still so desperate for small change like raising fees, fines, and anything that can be raised? And toying with more CPF schemes? The flogging of the CPF horse is a dangerous and desperate move. Anytime this horse may be flogged to death.
 
According to thenewpaper report, between the years 2016-18 average annual illegal parking notices issued was 260,800. Even at $100 per piece, it would be $26m only. Really small change and after knocking off salaries and other cost, there is nothing much left. The only good thing is that it creates more parking attendant jobs.
 
A housewife, Mrs Alice Lim, was quoted to welcome the news of the increase, higher fines mean less parking offences. Brilliant thinking, just like you know who. Who would have this kind of thinking? What’s wrong with fines? What’s wrong with collecting more money when the people are so happy to be fined, and to pay and pay?
 
To make motorists and Sinkies happy, the fines should be higher. Then everyone would be saying, see lesser parking offences. Not sure if this is a way the non motorists are going after the car owners.
Inflation or money not enough
 
Parking fines to increase by as much as 40%. Illegal parking fines for vehicles would be raised from $50 to $70, an increase of $20 or 40%. Parking fines for not putting parking coupons, time gaps, delays, over parking, tailgating at ERPs etc etc all raised.
 
The last revision was in 1991, so long ago. Inflation must be the reason after so long never raise. Everything goes up, so parking fines must also go up. It is the natural order of things or else how to increase salaries?
Or is this another sign that money is not enough for the govt, and this is another area to squeeze more money for the govt to pay bigger salaries, bonuses, increments or some may say, lose money in long term investments?
 
We have several hundred billions under GIC, Temasek and MAS’s management invested for higher returns. If the net return is 4%, not miraculous 15% or whatever, for every $100b we should get $4b back. For $800b, my estimate, could be more AUM, we should be getting $32b in ROI. I am talking about net, after less salaries, bonuses and other costs, this is not small change.
 
Why still so desperate for small change like raising fees, fines, and anything that can be raised? And toying with more CPF schemes? The flogging of the CPF horse is a dangerous and desperate move. Anytime this horse may be flogged to death.
 
According to thenewpaper report, between the years 2016-18 average annual illegal parking notices issued was 260,800. Even at $100 per piece, it would be $26m only. Really small change and after knocking off salaries and other cost, there is nothing much left. The only good thing is that it creates more parking attendant jobs.
 
A housewife, Mrs Alice Lim, was quoted to welcome the news of the increase, higher fines mean less parking offences. Brilliant thinking, just like you know who. Who would have this kind of thinking? What’s wrong with fines? What’s wrong with collecting more money when the people are so happy to be fined, and to pay and pay?
 
To make motorists and Sinkies happy, the fines should be higher. Then everyone would be saying, see lesser parking offences. Not sure if this is a way the non motorists are going after the car owners.