COEs were introduced as a means to control the vehicle population growth. The fact that COE prices have risen on the back of a lower supply is an indication that it is working as it is supposed to.
Yet we find in today's headlines that the government has answered the call to ease the COE supply crunch. Is the government trying to win friends/voter support by appearing to be uber responsive to public demands? Is the torturer who is keeping your head under water your friend when he lets you up for a gasp of air?
What is more troubling is that for this relatively minor matter (compared to other issues) of the COE supply, the government is prepared to kick the can down the road by deferring what needs to be done. Who was it that said the government will not shy away from hard decisions? None other than our inestimable DPM Teo Chee Hean...
The very same outstanding individual that will tell you in a white paper at the end of the year that Singapore needs at least an 8 million strong population. Given that we are already having COE problems at a 5 plus million population, are we to assume that the additional 3 million new Singaporeans will not have aspirations to own cars? Will NOT be ALLOWED to own cars as a condition of citizenship?
In the recent Hougang by-election, the quality of Mr Png's candidacy was brought up. Is Mr Png the 'BEST' WP candidate? The jury is still out pending his future performance. Is Mr Lui Tuck Yew the best minister for the Ministry of Transport? In this case, I believe the verdict is already in. What do you think?
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