I had a dream. I had become the new Minister for Transport.
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Dear citizens, I have great news to announce. As a small child, when I see that an average citizen has to pay up to $100,000 to buy an average Japanese car, I see something is not right. For a wealthy country like ours whose citizens pay $100 to watch World Cup at home, we deserve better. Therefore, I hereby propose to abolish the car tax system as well as the certificate of entitlement (better known as COE) that unfairly inflates the price of a car. I am also proposing to ban the import of the cheap cars. To retain the existing Cat A (car engine below 1,600cc) and Cat B (car engine above) COE concept, we shall have two types of cars on the road – Porsche 911 for the average citizens and Ferrari for the elite citizens. Trust me, I have seen the numbers. It works out more or less the same as what our citizens are paying today.
Some of you may challenge that without a quota or COE biding system – like we have today – it is hard to control the number of cars in our country. Let’s look at it this way. Even with such a COE biding system, for reasons beyond me, we still have problem in controlling the number of cars in our country. So what gives?
Some of you may express concern that our government will miss out a lot of revenue from the inflated car price. Oh please. We make more with Electric Road Pricing (ERP) than you can imagine. There are also some jokers who get miserably lost in around Singapore River during the ERP hours and get charged extra. Jokers like me.
Look at it the bright side. It is good for our image. Imagine rows and rows of nothing but Porsche 911 and Ferrari (OK, I may consider bringing in Porsche Cayenne for those who insist on a large family car). In the spirit of promoting Formula One, I would also propose to disable all the speed cameras when we are hosting the event.
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