News in Taiwan: Electric prices going up but everyone else getting screw

[Char_Azn]

Not sure if the news here is getting broadcast back home but it's on the news everyday. Electricity price in Taiwan is heavily subsidized and very cheap, it's also not sustainable.

Reason why the price haven't gone up is because no one dares to raise prices due to the never ending elections here. Ma Ying Jiuo now went ahead with allowing Oil and Electric prices to go up. We're not talking about the 1% type raising like in SG.

The electricity prices is going up at 10-30%. All the shops are taking the opportunity to raise prices ceding increase operational cost due to ingredients and electricity but the government wants to keep inflation down at 2% so they are now trying to stop everyone else from raising prices.

So the issue now is government allowing price of oil and electricity to go up but trying to stop the businesses from raising prices so businesses get screwed. Many shops have already raise prices and electricity prices are going up anyway so the pple here gets screwed coz their pay is not going up. The debate on TV is really heated and pretty amusing.

BTW on the pple's pay not going up, remember Tharman used Taiwan as a bad example not to follow and the "alternative news site" all slam him for it. Well all my Taiwanese colleagues agrees with Tharman.

 

[StinkiePeasants]

Not sure if the news here is getting broadcast back home but it's on the news everyday. Electricity price in Taiwan is heavily subsidized and very cheap, it's also not sustainable.

Reason why the price haven't gone up is because no one dares to raise prices due to the never ending elections here. Ma Ying Jiuo now went ahead with allowing Oil and Electric prices to go up. We're not talking about the 1% type raising like in SG.

The electricity prices is going up at 10-30%. All the shops are taking the opportunity to raise prices ceding increase operational cost due to ingredients and electricity but the government wants to keep inflation down at 2% so they are now trying to stop everyone else from raising prices.

So the issue now is government allowing price of oil and electricity to go up but trying to stop the businesses from raising prices so businesses get screwed. Many shops have already raise prices and electricity prices are going up anyway so the pple here gets screwed coz their pay is not going up. The debate on TV is really heated and pretty amusing.

BTW on the pple's pay not going up, remember Tharman used Taiwan as a bad example not to follow and the "alternative news site" all slam him for it. Well all my Taiwanese colleagues agrees with Tharman.

There's no free lunch anywhere in the world. Any gov't subsidies be it fuel, electricity, water, health care, food, housing, education, etc. will eventually come to an end one way or another. The question is when, not if.

Look at those welfare state European countries. Their welfare programs and gov't subsidies are now coming home to roost with their sovereign debt crisis...

Socialism and communism is a big lie from the politicians to appease to the masses.

 

[Zombie]

There's no free lunch anywhere in the world.

I agree... but I think affordable lunch everywhere in this world should be the aim of all govts..

 

[palden]

Kudos to PAP for not subsidizing and taxing heavily. Great foresight and wonderful planning. More good years and confidence in the future. Vote for PAP and let your next generation pay through their noses too. This is a win win situation for all.