Sunday, December 21, 2008
Post no. 553
"Public transport fares among issues raised at MacPherson dialogue session
By Asha Popatlal, Channel NewsAsia Posted: 21 December 2008 1931 hrs
SINGAPORE : It would take a further 1.5 percentage point hike in GST if bus and train rides were to be made completely free.
Why not? Quote and unquote from previous discussion with the govt, GST affects mostly those with spending power. So lets all bite the bullet and let the rest of us reap some benefits in tough time by making transport totally free!
Going to the other end of the spectrum, if rides were to be made completely free, that would impose a heavy tax burden on the people, as it takes S$1.2 billion just to run the bus and train systems annually.
If u scout the profit & loss statements of each transport company.. it states that they make about 200 million per quarter (estimate). 4 quarters is 800 million per company and 1.6billion for both company.
Waaaooo... 400 million of profit.
Mr Lim pointed out that even with subsidies, it will still be the public which ends up paying. Mr Lim elaborated: "There are only two persons who pay when it comes to public transport fares. One, I use - I pay. Or two, I use - you help me subsidise my ride. What happens when you subsidise my rides? That means the taxpayers are now paying.
Thanks for telling us. At the end of the day... its still our money. Just like CPF.
If we link all these reports and interviews by our leaders, i suspect we might just be able to finally understand what our leaders are thinking.
Regards
PAP Supporter
By Asha Popatlal, Channel NewsAsia Posted: 21 December 2008 1931 hrs
SINGAPORE : It would take a further 1.5 percentage point hike in GST if bus and train rides were to be made completely free.
Why not? Quote and unquote from previous discussion with the govt, GST affects mostly those with spending power. So lets all bite the bullet and let the rest of us reap some benefits in tough time by making transport totally free!
Going to the other end of the spectrum, if rides were to be made completely free, that would impose a heavy tax burden on the people, as it takes S$1.2 billion just to run the bus and train systems annually.
If u scout the profit & loss statements of each transport company.. it states that they make about 200 million per quarter (estimate). 4 quarters is 800 million per company and 1.6billion for both company.
Waaaooo... 400 million of profit.
Mr Lim pointed out that even with subsidies, it will still be the public which ends up paying. Mr Lim elaborated: "There are only two persons who pay when it comes to public transport fares. One, I use - I pay. Or two, I use - you help me subsidise my ride. What happens when you subsidise my rides? That means the taxpayers are now paying.
Thanks for telling us. At the end of the day... its still our money. Just like CPF.
If we link all these reports and interviews by our leaders, i suspect we might just be able to finally understand what our leaders are thinking.
Regards
PAP Supporter
# posted by 好人 @ 11:51 PM 
