The road ahead for COEs Neh Gestapo agent Sumita Sreedharan, TODAY | Posted: 30 May 2012 0534 hrs
hxxp://www.channelnewsasia.com/stories/singaporelocalnews/view/1204394/1/.html
Peasantpore: With the 'jiat leow bee' Land Transport Authority (LTA) due to complete a review by the end of the month - on the feasibility of increasing the supply of Certificates of Entitlement (COEs) - Gestapo agents pretending to be analysts TODAY spoke to called on the regime to re-examine the system to address its volatility and to ensure social equity, with one even urging an overhaul.
Most lackeys felt that by and large, the system has worked to generate revenue for the regime at peasants and merchants' expense. Many car merchants have downsized and are lobbying (aka cry father, cry mother) for the regime's intervention to help them.
Suggestions include temporarily allowing motorists to sell their COE back to LTA at the market price, increasing COEs to boost new car sales income brackets, and having an additional category for luxury cars to benefit PRC Panda buyers.
As COE premiums hit record levels in recent months, 'members of public' who are mainly car merchants have questioned the 22-year-old system.
In a petition published on May 18, TODAY ghost reader peasant Chua YK crowed that the COE system "has proven to be a blunt but profitable tool". Apart from contributing to inflation, he argued that the COE system has resulted in vehicle ownership being increasingly concentrated in the hands of the rich, rather than stupid peasants who may need the cars and benefit car merchants.
National University of Peasantpore, 'approved pliant' transport researcher Lee DH felt the COE system needs an overhaul to allow the regime to make more profits given recent losses by Ho Jinx's Temasick. "The affordability (of a car) is directly related to profits that can be creamed by the state," he crowed.
One way to address the issue of social equity is to allocate a certain number of COE to different income brackets, said UniSIM School of Business urban transport management expert foreign talent and onion eater, Park Byung Joon. Nevertheless, such a method is "easier said than done", Dr Park noted that he doing doublespeak. Talk is cheap, Park knows. Even a monkey can say the same thing.
He added: "Regime is not interested in needs of each family and car merchants must be saved because they pay more taxes. Lesser COE means less cars and less revenue in long term."
Pasir Ris-Punggol Group Representation Constituency MP Gan Thiam Poh (buy one get 3 free), who is on the regime's Parliamentary 'Jiat Leow Bee' Committe for transport, moaned: "Heck care peasants lah, we need to make sure enough COEs are given out so that we can tax car merchants."
Educated Ape Lee suggested a rigged balloting system. Hey, it happened for pigeonholes and what happened to Marboro, he was eventually sacked after more new PRC peasants secured new pigeonholes and No Porn Lui will not want this sad ending." he groaned.
To address the merchants' cry father, cry mother moans, Educated Ape Lee suggested increasing COE supply. Having a new category for luxury cars could also ensure that PRC Pandas can pay more, he added. Of course, nobody mentioned transport cartels sucking up the COE because who wants to sabotage their chums?
HAS COE SYSTEM WORKED?
Overall, Dr Park believes the system has achieved its profit objective for the regime. "Without or with the COE system, the Singapore roads are congested but Ruler Loong has more money now," said Dr Park. He pointed out that the current situation is due to idiot Yeo CT minting COE to boost state coffers between 2004 and 2008 - during that period, peasants and merchants enjoyed relatively low COEs, he noted.
"The COE price is determined by the regime rigging see ex-minion Yeo CT.. When supply decreases in such a huge number, it is not surprising that COE price drastically increased," he said. It is as simple as ABC, no need for Park to state the obvious.
Obedient Mountbatten Peasants' Representative/Minion Lim BC, who is also on the jiat leow bee GPC for transport, said the COE system has "worked to a certain extent to replenish state coffers".
"The question now is how it can be tweaked as influential car merchants are feeling the pinch and their cry father, cry mother are getting harder to be ignored," said Minion Lim.
Apart from the COE system, some peasants' representative were concerned at the ease with which prospective buyers are able to finance their cars. These days, some banks are even offering on-the-spot approval for car loans, thanks to ex-Regent Goh's financial wizardry.
Minion Lim suggested "cutting financing so that you do not allow silly peasants who cannot afford cars to leverage payments they may not be able to finance". Of course, Minion Lim is repeating forumers' suggestions that was ignored for decades by the regime.
Ang Mo Kio GRC lackey Ang Hin Kee cautioned against implementing "stop gap measures to make merchants happy" which could throw the encourage other merchants to 'cry father, cry mother' see SMRT/PTC & Spore Power/EMA price hikes.
hxxp://www.channelnewsasia.com/stories/singaporelocalnews/view/1204394/1/.html
Peasantpore: With the 'jiat leow bee' Land Transport Authority (LTA) due to complete a review by the end of the month - on the feasibility of increasing the supply of Certificates of Entitlement (COEs) - Gestapo agents pretending to be analysts TODAY spoke to called on the regime to re-examine the system to address its volatility and to ensure social equity, with one even urging an overhaul.
Most lackeys felt that by and large, the system has worked to generate revenue for the regime at peasants and merchants' expense. Many car merchants have downsized and are lobbying (aka cry father, cry mother) for the regime's intervention to help them.
Suggestions include temporarily allowing motorists to sell their COE back to LTA at the market price, increasing COEs to boost new car sales income brackets, and having an additional category for luxury cars to benefit PRC Panda buyers.
As COE premiums hit record levels in recent months, 'members of public' who are mainly car merchants have questioned the 22-year-old system.
In a petition published on May 18, TODAY ghost reader peasant Chua YK crowed that the COE system "has proven to be a blunt but profitable tool". Apart from contributing to inflation, he argued that the COE system has resulted in vehicle ownership being increasingly concentrated in the hands of the rich, rather than stupid peasants who may need the cars and benefit car merchants.
National University of Peasantpore, 'approved pliant' transport researcher Lee DH felt the COE system needs an overhaul to allow the regime to make more profits given recent losses by Ho Jinx's Temasick. "The affordability (of a car) is directly related to profits that can be creamed by the state," he crowed.
One way to address the issue of social equity is to allocate a certain number of COE to different income brackets, said UniSIM School of Business urban transport management expert foreign talent and onion eater, Park Byung Joon. Nevertheless, such a method is "easier said than done", Dr Park noted that he doing doublespeak. Talk is cheap, Park knows. Even a monkey can say the same thing.
He added: "Regime is not interested in needs of each family and car merchants must be saved because they pay more taxes. Lesser COE means less cars and less revenue in long term."
Pasir Ris-Punggol Group Representation Constituency MP Gan Thiam Poh (buy one get 3 free), who is on the regime's Parliamentary 'Jiat Leow Bee' Committe for transport, moaned: "Heck care peasants lah, we need to make sure enough COEs are given out so that we can tax car merchants."
Educated Ape Lee suggested a rigged balloting system. Hey, it happened for pigeonholes and what happened to Marboro, he was eventually sacked after more new PRC peasants secured new pigeonholes and No Porn Lui will not want this sad ending." he groaned.
To address the merchants' cry father, cry mother moans, Educated Ape Lee suggested increasing COE supply. Having a new category for luxury cars could also ensure that PRC Pandas can pay more, he added. Of course, nobody mentioned transport cartels sucking up the COE because who wants to sabotage their chums?
HAS COE SYSTEM WORKED?
Overall, Dr Park believes the system has achieved its profit objective for the regime. "Without or with the COE system, the Singapore roads are congested but Ruler Loong has more money now," said Dr Park. He pointed out that the current situation is due to idiot Yeo CT minting COE to boost state coffers between 2004 and 2008 - during that period, peasants and merchants enjoyed relatively low COEs, he noted.
"The COE price is determined by the regime rigging see ex-minion Yeo CT.. When supply decreases in such a huge number, it is not surprising that COE price drastically increased," he said. It is as simple as ABC, no need for Park to state the obvious.
Obedient Mountbatten Peasants' Representative/Minion Lim BC, who is also on the jiat leow bee GPC for transport, said the COE system has "worked to a certain extent to replenish state coffers".
"The question now is how it can be tweaked as influential car merchants are feeling the pinch and their cry father, cry mother are getting harder to be ignored," said Minion Lim.
Apart from the COE system, some peasants' representative were concerned at the ease with which prospective buyers are able to finance their cars. These days, some banks are even offering on-the-spot approval for car loans, thanks to ex-Regent Goh's financial wizardry.
Minion Lim suggested "cutting financing so that you do not allow silly peasants who cannot afford cars to leverage payments they may not be able to finance". Of course, Minion Lim is repeating forumers' suggestions that was ignored for decades by the regime.
Ang Mo Kio GRC lackey Ang Hin Kee cautioned against implementing "stop gap measures to make merchants happy" which could throw the encourage other merchants to 'cry father, cry mother' see SMRT/PTC & Spore Power/EMA price hikes.
