Why begrudge taxi drivers earning more?

There are still many letters to the msm complaining about the hike in taxi fares. I am curious why people are so unhappy that taxi drivers got to earn a bit more from people who can afford to pay more to ride in taxis. And there are many who are willing to pay even more, suggesting to give more tips to good taxi drivers. We should let the market forces determine how much the taxi drivers should get and encourage those who can afford to pay the taxi drivers more. Another way is to do an objective study by paying some international consultants to compare the salaries of taxi drivers with their counterparts. Then they can benchmark the salaries of the taxi drivers accordingly. Once a benchmark has been set, then no one should question the validity of the study, the methodology nor the increases expected. It should become a fait accompli. And everyone can then move on. Let the taxi drivers enjoy their little hikes. It comes to nothing actually.

Medisave Account RA

It is reported in the Today paper today that from Jan 1 2008, the RA or Required Amount in the Medisave Account 'will be raised to $14,000 from teh current $11,500, increasing by $2,500 each year until it reaches $25,000 on Jan1, 2013.' There are people with more than $25,000 in the Medisave Account. Does it mean that the CPF is retaining more than it can in the people's Medisave Account as provided by legislation? Should the excess amount be returned to the account holder?

Notable quotes - S Dhanabalan

'Singapore's leadership is honest' S Dhanabalan KNN. With the compensation package designed to make everyone honest, what shall we expect?

Longer COEs

Forum writer Frederick Tan Huay Teong pleaded to the LTA to allow extension of COEs for another 5 years and owners can have the option of renewing it year by year. This is good for those who are cash strapped. There is no issue on the condition of the cars as most of them will be like new. Scrapping them at 10 years is a waste. The current system allows renewal on another 10 year basis. Hmmm, it may be a good idea. But too complicate a system to manage. But what is the advantage from the revenue point of view?

Compulsory taxi driving

The cries are getting louder with the new fare hike. But that is something that must be done. Other than the fuel hike there is also a need to cut down on the number of taxis on the road. And we need to increase the number of commuters using public transport to generate more income to improve the system. The net effect will be lesser taxis on the road and more people using public transport. It is an objective that we are trying to achieve all these years. So it is a good thing. There is a possibility that things may go a bit too far when the demand for taxis drops dramatically and too many taxi drivers may quit. So it may be a good thing to make taxi driving compulsory for those above 55 and who are jobless. They can pay the monthly rentals from their money locked up in the CPF. We can then be guaranteed of a ready pool of drivers to keep the taxi operation running smoothly and efficiently. It is good for the taxi operators as their taxis will be fully rented out and payment from CPF is prompt. And many of the unemployed will be employed. Commuters too will get the taxis they want.