Originally posted by carbikebus:
Hmmm..Government tactics
Kill two birds with one stone
You want to smoke then just pay,Don't want Quit.
When many pple buy cars they will increase the COE
When the buying trend sink they will decreased it.
Is the Government Killing two birds with one stone ?
Unfortunately, they are not killing the birds, but helping the birds to breed, so that more revenue will enter the Treasury, and finally end up in the GIC, which is bleeding from all the bad investment decisions overseas.
Cigarette prices go up, with taxes that are more then 300 percent, and the weight of the Tobacco being reduced, so that both the Tobacco Company and the Government will stand to gain from the undying habits of the smokers.
Quit smoking, then most smokers will have to seek help from hospitals that will charge at NON-SUBSIDISED rates.
When the demand for cars go down, COE will naturally go down.
Surprisingly, when the growth of the car population is on the DECLINE, the Government will INCREASE the NUMBER of cars in the MONTHLY QUOTA available for COE biddings.
With a monthly quota of 5000 COE and Cars, and a bidding price at an average of $25,000 per COE, the Government will gain a clear profit of $125 Million PER MONTH.
In one year, this will net the Government $1.5 Billion.
Is the Government serious about controlling the car population, or are they simply manipulating the Car Buyers and COE to gain more money for the Treasury, and then AGAIN into the GIC.