continuation from
above
The public transportation is run by corporations and not by the
government. They increase prices because their bottom line is
profitability. However, they need to submit price increases to the
Public Transport Council for approval. It seems that they are
approved because of rising costs due to increase in fuel prices,
lower than projected ridership and other reasons. Please remember
that they are private firms and they do not want to lose money for
they are answerable to their shareholders.
These public transportation
corporations are set up with capital from Temasek, whose monies
come from the Ministry of Finance.
Those who run the public transport corporations have been annointed
by the POWER OF ONE.
During the Colonial Days, up to the late-1960s, Singapore Public
Transport System was actually operated by Private Companies owned
by Singaporean Citizen-Entrepreneurs. There was a tussle between
these businessmen who requested approvals for fares to be
increased, but the Government held back approvals and demanded that
services be improved with more frequencies and investments in new
vehicles. It turned out to be the proverbial 'Chicken and Egg' situation, and the
Government hold out was due much to the fear of the Ruling Party
that such essential services will enrich those few Singaporeans,
many of whom have not given their political allegiance to a
Political Party that was not yet the POWER OF ONE during the
1960s.
Now that every major public transport companies are all Government
Owned or Linked, it seems that they are more liberal in approving
fare increases then in the past.
The old folks have CPF and nursing homes to take care of them. If
the government starts handing out money, people will take it for
granted and will not save money by themselves. If old folks need
help, they can approach the various government funded
organizations. I do not know much about the children funds,
though.
Either you are an idealist, or an
innocent waif; and I have no wish to speculate on your age, but
from the tone of your statement it is sad that you will believe the
propaganda that 'if the government starts handing out money, people
- (do you mean the Old Folks) - will take it for granted and will
not save money by themselves'.
This statement is insulting Singaporeans, especially when the
monies that the government plan to handout is stolen from
Singaporeans.
This statement is insulting to the Older Singaporeans, especially
the two old ladies who wanted only to have the opportunity to sell
'wanton noodles' to
support themselves during the old age; but HDB insist on selling
the hawker stalls and rid themselves of the burden of being a
landlord collecting monthly rents (instead of fulfilling their
social responsibility towards Singaporeans), and with the hawker
stalls being priced at market rates.
The story ended with the two old ladies unable to service the loans
taken to purchase the hawker stall, and they were made bankrupt,
unable to sell their delicious 'wanton noodles', and being forced to
live out their lives as dependents on the charity of others while
living out their twilight years in a nursing home.
What CPF is there when each Singaporean reaches old age, and do you
think that nursing homes are free ?
What money is there left to be saved, when the Government has taken
the bulk of the money in CPF and Annual Income Tax, and the
remaining amounts are sucked away in Electrical and Water charges
that are provided by Government Owned "Private Companies". Then
there are the charges that one has to pay for transportation -
whether a privately owned car, or by public transport to earn our
wages (and this is not tax deductible).
Any amount left from our wages will be used to pay for our HDB
homes, as the bulk of the CPF will be written off when the Sales
Price of the HDB unit is a few times more than the actual
costs.
This is tantamount to rubbing salt into our wound, when the
Government utilise our CPF monies for infrastructural development,
and all we have is a CPF paper statement of the amount in the
CPF.
While the Government has used our CPF funds to create the HDB
estate at low costs, it will write off the loan taken from our CPF
while still profiteering from the sale of the HDB unit.
All funds in our individual CPF account will not be sufficient to
pay for the selling price of the basic HDB unit, and it will
require at least another 10 years for the HDB unit to be paid from
further deductions of our monthly CPF contributions, or top up
further with Cash if the CPF amount is insufficient to cover the
instalments.
For your reading pleasure, try to absorbing this - Fiscal Finagling in
Singapore.