Like the petroleum tax. The higher the oil prices, the higher the tax.
A ton of petroleum can be US$100 but Singapore tax ia also US$100 so the retail is more than US$200 a ton.
It is best to cap the tax at a fix price like say max S$100 so when petroleum prices are above S$100, the balance tax is reduced to half till zero.
This will reduce inflation cost.
Car COE is now bidded. The highest get the certificates. This increases the cost of transportation.
COE should be balloted and should be free. Only 1 bid per customer and no transfer of certificate.
This can make the cost of vehicle ownership low.
Singapore has total over 5 millions population.
The more foreigners to stay here, the housing cost will rise.
Singapore should maintain a 5 millions population and get Singaporeans to produce more so foreigners can make up less then 60% which is the figure now.
Above 5 million is over population.
Is the PAP leaders idiots not knowing this ?
Email me kewkahfatt@yahoo.com.sg
kewkahfattsingapore@hotmail.com if you want.
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