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More money going into our national coffers

COE breaching $100,000 can be a good thing- page B2, Christopher Tan (CT), senior transport correspondent, 10 June 22, Straits Times.

In a nutshell, what CT is saying is that $100,000 means the rich are contributing more to Singapore’s tax coffers, which is a good thing.

I agree with him but only to a small extend. Let me explain.

The first part is correct, ie, with surging COE prices, more money from COE category B and E are going into our national coffers but the second part which he didn’t mention is really the key part.

I ask what is the point of having more money going into our national coffers when the pap government is adamant at spending and/or spending questionably our money so fabulously such as remunerating generously their so called Mayors which so many of our citizens are still unclear about what they really do or still pushing ahead to build the super expensive Founders’ Memorial and totally going against the very wise advices of the late MM or continue paying themselves the world’s highest political salaries in the face of strengthening inflationary pressures and thus distancing themselves further and further away from our more and more struggling heartlander citizens….?

I want to be very clear. Making profits and having revenues are not dirty words but to spend them at their whim and fancy and without much resistance or satisfactory accountability, that is a different thing.

Think.

 

Simon Lim

 

 

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READER COMMENTS BELOW

30 Responses to “More money going into our national coffers”

  • Money no problem:

    Why worry?
    Money no problem…many can still pay record price for COE and HDB prices.
    All thanks to our super talented and super high pay Minister.
    You get what you pay…results costs money OK..

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  • The gap:

    Look like the gap will get worse between the money no problem group and the ordinary Singaporean.
    The COL will goes up ….

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  • Harder Truths:

    national coffers = Regime salaries, lifestyles and retirement

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  • KT2:

    More money go into national confers ? Otherwise, how the millionisters paid themselves millions$$$$ and I think many of them are now billionisters $$$$ (thru the years’ collections) !!! Just think who suffers (of course, the middle n lower classes of our society) and who are living a Swiss standard of life ?

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  • Stupid Singaporeas Vote PAP:

    Simon, I totally agreed with you especially the last sentence. As I have said it many times, it is not PAP fault. If you have very deep pocket bank account at your disposal, why not make it legally to “corrupt” my kakis. The fault lies with the brainless and stupid Singaporeans keep voting PAP.

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  • MarBowling:

    Once the damn Founders’ Memorial is completed and OPEN for the public, expect LIGHTNING to STRIKE at a TARGETED FOUNDER”s FFace! Heaven has eyes!

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  • panyusg:

    I no longer drive. I cycle.. no petrol, no GST, no pollution, no maintenance, no car inspection, no annual license fees…

    The COE can reach $200,000. No worries for me.

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  • Temusik Patriot:

    He who pays the fiddler calls the tune…The fiddler plays SHITTY TUNES n the ones who paid are the Idiots who “THINKs” they can call the tune sheep can only call for thetune…

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  • NotMyProblem:

    @Simon; I think Singaporeans are rich, so rich they can afford the highest paid PM in the whole galaxy.

    Singaporeans can pay for 5 part time mayors $660K each, all doing the same thing, NOTHING.

    Singaporeans can pay several minister grades doing nothing in the PMO.

    We have many Ministers in Parliament talking cock, doing prediction but cannot do anything. One predicted $8 billion poorer per year for the next 2 to 3 years for Singapore, but the next minister wants to build vanity projects.

    One predicted pandemic waves 4 and 5 coming, but no “WHAT next”? All sit back and relax and wait for it to coming?

    One even calculated every citizen to receive $23K on government support, but each citizen received $600.

    None would suggest cutting spending, including cutting government salary.

    So I tell you Singaporeans are rich, so rich that earning $1000 a month can afford a $million flat.

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  • Temusik Patriot:

    Contd 2…the tune of “Have you any wool,Yes Sir! Yes Sir! IM a FOOL”

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  • IMHO, China has multiple trillions in its reserve and it can afford to play punk with US to a certain extent (tickle here and there), but I doubt it would wage an all-out economic war with the US.

    The top honchos in CCP, unlike Sinkieland, are not idiots.

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  • Billy ma:

    What’s more frustrating is that PAP not just holding on the money as their own but are spending on things that keep them in power.
    What ever PAP did & is doing remain uncheck & in black box.

    There will come a day when one PAP powerful person will walk away with large amount without detection.
    If Najib’s case is big, then be prepare for one in Singapore to be 10x, 20x, or much much more.

    This is all because there’s nobody watching over.
    Meanwhile, nothing Singaporeans can do to prevent this from happening.

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  • xoxo:

    COE IS CRAP.
    It does not help in traffic control.
    It just enrich the govt.

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  • C’est la vie:

    ******
    C’mon, if “they” have absolute and infinite power, with unaccountability and immunity thrown in, … why wouldn’t “they” do as they please with the state coffers !!!

    Duhhhhhhhhhhhhhhhhh !!!
    ***
    ******

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  • Spineless Sinkie Syndrome:

    I never even read the “S**T Times” newspapers for many many years liao, but I am not surprised they are still writing such BS “ProPAPganda” that “High COE is good thing”. LOL.

    Many SSS Sinkies will continue to read such BS and then:
    - Some of them will Agree with PAPies and say “PAPies are the Best-est!”. LOL.
    while
    - Some others will “Hou Lian” to their fellow-Sinkies and say “Cannot afford COE then don’t drive lor”. LOL.

    Meanwhile, PAPies & their PLP Cronies laugh all the way to the Bank, and pay themselves even HIGHER bonuses from these $$$ collected … so they can then go and buy their luxury cars just by Suzking off the nipples of the big Tax-Coffers. LOL.

    What is $100K to Sinkies? Its not much nowadays when an old HDB flat can already cost $1.4 million. LOL

    At $100K COE, many SSS Sinkies still want to “Hou Lian” and quietly eat Magee mee at home, but squeeze every dollar they have just to buy that car so they can continue to “Show Off” to their friends & neighbors mah.
    Sinkies behavior is NOT so complex to read lah. LOL.

    Therefore, $100K COE is NOT painful enough, yes? LOL.
    I predict COE will reach $250K over the next decade or less.

    Actually, I really want COE to shoot HIGHER & FASTER to S$500K at least, then we will all see who are the Sinkies who can really “Hou Lian” anymore or open their mouths to say “Pay And Pay” is the best!? Yes?/No? LOL.

    Like I said before, in order to destroy the PAPies “Pay And Pay” system, you must do OPPOSITE Or the UNEXPECTED of what PAPies want or expects you to do. LOL.

    If PAPies say “COE Higher is good!”, then you either purposely don’t drive lor, or say “COE at $100K is too low now… MUST be MUCH HIGHER like $500K COE lah”. LOL.

    PAPies sure “Buay Tahan” when you say that one… because PAPies wants you “feel the pain” and to grovel and beg them to reduce COE prices… so you purposely tell them “$100K COE is sup sup water lah!” or you “Boh Chap” them and get PR in another country where you can buy luxury Sports car for $80K and no need COE. LOL.

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  • MarBowling:

    xoxo:
    June 11, 2022 at 9:20 pm (Quote)
    COE IS CRAP.
    It does not help in traffic control.
    It just enrich the govt.

    Response: The “INITIAL” NOBLE AIM of implementing the CRAP COE farking system was TO CONTROL THE VEHICULAR POPULATION SO THAT WON’T BE FREQUENT BREAKDOWNS CAUSING TRAFFIC DISRUPTION AND BY EXTENSION THE SMOOTH RUNNING OF THE WHEELS OF OUR ECONOMY! However, FEW Farking years down the LOONG and WINDING ROAD of the CRAP COE system, those supposedly 10-years SERIES expiry vehicles which were Compulsory MANDATED TO BE SCRAPPED, were GIVEN A NEW LIFELINE: it could be EXTENDED by ANOTHER 5 or 10 years upon making pro rata payment of the prevailing COE Price! The “INITIAL” SOLE NOBLE AIM of LESSER VEHICULAR BREAKDOWNS was CONvincingly and CONveniently CANNED for the NOBLE AIM and PURPOSE of “What’s Wrong With Collecting More Money”!

    Btw it’s NOT ONLY MORE MONEY GOING INTO OUR NATIONAL COFFERS! It’s ALSO MORE MONKEYS AND DONKEYS GETTING AND GOING INTO OUR PARLEEMENT, PERIOD!

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  • theforgottongeneration:

    We have ministers who pay only $8 for heart bypass operation, of course such ppl can use the otherwise saved money of 100K to buy COE. Or maybe they also pay $8 for their COE – national secret, cannot tell, hor?

    (Said minister was Minister of Health when he paid $8 for heart op; who knows he didn’t pay $8 for COE when he was Minister of Transport? Remember president’s son can also thwanked NS at that time. Reign of the Golden Prince, Swiss standards for the elite class.)

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  • Harder Truths:

    Spineless Sinkie Syndrome: I never even read the “S**T Times” newspapers for many many years liao, but I am not surprised they are still writing such BS “ProPAPganda” that “High COE is good thing”. LOL.

    I need the Shit Times to pick up my doggie’s poo. It has its uses.

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  • Eddie Tan:

    We are having a Robin Hood in reverse; the minority rich rob the majority poor by way of GST, ERP etc…..and the rich become richer and the poor poorer!!
    Worse is the super rich mayors ministers etc are living in ivory towers and lost touch with the grounds; hence any increase in costs of living won’t affect them after all they are serving or enriching themselves as top priority! GCT meant Swiss standards(high standard of living for themselves) for the super rich while high costs of living for the general majority!

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  • BIG READ: Stop the PAP Steal:

    Spineless Sinkie Syndrome:
    I never even read the “S**T Times” newspapers for many many years liao, but I am not surprised they are still writing such BS “ProPAPganda” that “High COE is good thing”. LOL.

    Many SSS Sinkies will continue to read such BS and then:
    - Some of them will Agree with PAPies and say “PAPies are the Best-est!”. LOL.
    while
    - Some others will “Hou Lian” to their fellow-Sinkies and say “Cannot afford COE then don’t drive lor”. LOL.

    Meanwhile, PAPies & their PLP Cronies laugh all the way to the Bank, and pay themselves even HIGHER bonuses from these $$$ collected … so they can then go and buy their luxury cars just by Suzking off the nipples of the big Tax-Coffers. LOL.

    What is $100K to Sinkies? Its not much nowadays when an old HDB flat can already cost $1.4 million. LOL

    At $100K COE, many SSS Sinkies still want to “Hou Lian” and quietly eat Magee mee at home, but squeeze every dollar they have just to buy that car so they can continue to “Show Off” to their friends & neighbors mah.
    Sinkies behavior is NOT so complex to read lah. LOL.

    Therefore, $100K COE is NOT painful enough, yes? LOL.
    I predict COE will reach $250K over the next decade or less.

    Actually, I really want COE to shoot HIGHER & FASTER to S$500K at least, then we will all see who are the Sinkies who can really “Hou Lian” anymore or open their mouths to say “Pay And Pay” is the best!? Yes?/No? LOL.

    Like I said before, in order to destroy the PAPies “Pay And Pay” system, you must do OPPOSITE Or the UNEXPECTED of what PAPies want or expects you to do. LOL.

    If PAPies say “COE Higher is good!”, then you either purposely don’t drive lor, or say “COE at $100K is too low now… MUST be MUCH HIGHER like $500K COE lah”. LOL.

    PAPies sure “Buay Tahan” when you say that one… because PAPies wants you “feel the pain” and to grovel and beg them to reduce COE prices… so you purposely tell them “$100K COE is sup sup water lah!” or you “Boh Chap” them and get PR in another country where you can buy luxury Sports car for $80K and no need COE. LOL.

    As for me. I m waiting for the great recession to strike – this will level the Whole Playing Field/Equal misery. Let’s see how peak paper values dived that can still enable the rich to parlay their wealth and esp how PAP can perched on their self made pyramids which can match those of the Pharaoh’s, right.

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  • Tremendous:

    The village’s chances of staring at $250k certificate prices is close to zero if the village chief cannot settle the rock bottom fertility problem in less than 5 years.

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  • xoxo:

    Collecting revenues for govt can serve various purposes as long as it is not causing extreme economic hardships for the common citizens.
    The way the G collects revenues seem to impact the common folks much much more than the well-to-do sgs n aliens scavenging here.

    Revenues collected shud be applied n allocated to subsidising the commoner especially the needy n elderly sgs.
    The way the govt give out grants n subsidies does not indicate this.
    On the contrary,the way the $100 Billion taken from our sgs’ Reserves where many deserving n jobless n senior citizens receiving ONLY $600 shows how MUCH INEQUALITY there is.

    The SOCIAL DIVIDE IS SURELY GOING TO BE WIDEN FURTHER the way revenues are collected like via more GST n short-changing our OWN DESERVING N NEEDY sgs when giving out GRANTS from our reserves are being carried out.
    It is pathetic to see sgs treated worse than foreigners working here from the way the $100 Billion was allocated.

    Why MSM’S TALKING POINT has not TALK much ABOUT how the $100 Billion was applied.
    This is no paltry sum,we are TALKING $100 BILLION here.
    Those who received ONLY $600 OUT OF A PROPOSED $23.5K ought to be informed,right?
    If not,WHY PLOUGH BACK THROUGH GST N NOT VIA INCOME TAX INCREASES?

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  • Ng Eng Hen talking cock:

    Straits times: Asia must learn right lessons from Ukraine at this dangerous point in history: Ng Eng Hen

    Ng Eng Hen is playing “fast-and-loose” with the facts and continuing to “suck up” to the US.

    The facts are:

    (1) Russia would not have invaded Ukraine if it implemented the Minsk Agreement signed by Ukraine with Russia to stay neutral (and out of NATO).

    (2) Having Ukraine as a NATO member is an existential threat to Russia’s security because the US can place its nuclear missiles in the country threatening Russia. The US did not allow Soviet nuclear missiles in Cuba in the 1960s. Why should Russia allow US nuclear missiles in Ukraine.

    BOTTOM LINE: The US is The troublemaker in Ukraine.

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  • This party is all about making $$$ to pay themselves out-of-the-world salaries, do they even care about the digits (i.e. peasants)?

    The Sillyzens are merely their goose that lays the eggs, no?

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  • 2Daft2Live:

    The vast majority too poor to own a car. Those with motorbikes, are either food delivery or despatch….the population is too small. So how to squeeze from the majority sheep? Solution: increase the GST.

    While weak govts around the world rush to pump more social spendings, the strong ones continue to oppress and suck the people dry. Let’s give the MIWs a strong mandate to continue squeezing the sheep coz they’re just 2 daft 2 live.

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  • Spineless Sinkie Syndrome:

    Harder Truths: I need the Shit Times to pick up my doggie’s poo. It has its uses.

    Long ago, I used to give it to maid to wipe windows & mirrors. LOL.
    But then I realized I am still paying $, even though its small amount, to the PAPies “ProPAPganda” machinery, so I totally CANCELLED the subscription.

    Additional thing is, after I cancelled “S**T Times”, I find myself reading more broadly from other Internet (alternative) views and my critical thinking abilities improved significantly too. LOL.

    Reading “S**T Times of Sinkiepore is like wasting time & money to smoke cigarettes, nothing good can come of it.
    So CANCEL such habits, save yourself some money and also good for your own physical/mental health. Yes? LOL.

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  • Spineless Sinkie Syndrome:

    Tremendous:
    The village’s chances of staring at $250k certificate prices is close to zero if the village chief cannot settle the rock bottom fertility problem in less than 5 years.

    Don’t think you grasp the potential for COE “inflation”.
    Actually, the current $100K COE is NOT unheard of lah.
    If you go back some decades to 1990s, you will know it has hit more than $110K before.

    Don’t forget 30 years ago, SGD100K is a lot more money than your $100K now, due to inflationary economics.

    In the early 1990s, $100K can still buy you a nice big 5 room HDB flat hor, but now that same $100K is a really “shrunken” in purchasing power.

    In other words, $100K COE today is really still “sup sup water” to many Sinkies lah. Like I said above, it is NOT painful enough for Sinkies yet. LOL.

    Therefore, it will continue to rise & rise and I’m sticking to my prediction that it will hit $250K in less than 10 years time. I give it “10 years time” because each new COE last for 10 years, but I have strong indications that it won’t take so long to double or even triple the current high.

    As I said, the HIGHER the better (since PAPies say so, right? LOL).
    Hope it reach $500K COE Fast Fast. Why YOU scared ah? LOL.

    Maybe I might even write to my MP and tell him $100K COE is “sup sup water lah”, and so make him “buay tahan” that Sinkies no pain at all, so PAPies gang will PUSH COE Sky high. Yes? LOL.

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  • Spineless Sinkie Syndrome:

    Tremendous:
    The village’s chances of staring at $250k certificate prices is close to zero if the village chief cannot settle the rock bottom fertility problem in less than 5 years.

    Oh, btw, I forgot to add that your mention of rock bottom fertility has been an ongoing problem for the past 30 years lah! So, your point is irrelevant.

    Anyway, in case you’re not aware, PAPies already have their “Final Solution” for Sinkies low fertility rate and has been implementing it for many years liao…
    i.e.) Mass Import of FTs, who will then sustain Demand for COEs. Furthermore, those Wealthy FTs/PRs coming here will also easily OUTBID Sinkies for that COE. Yes?/No? LOL.

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  • xoxo:

    @MarBowling
    Appreciate your response
    You are right,more money collected to show high *KPI* so as to Pay And Pay them$elves more million$.

    Hardships all around for common sgs.
    $100K is peanuts for the well-heeled.
    I see young parents carrying umbrellas during heavy rainfalls while carrying their kiddies on the other hand?
    Yet,young upstarts zip around in expen$ive luxury sport-cars causing noise pollution.
    This is Singapore,no,this is the new $INk-a-poor!!!

    More G$t coming our way.
    More levies ,surcharges n whatnot$?

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  • Tremendous:

    Not at all. The fertility point is aptly relevant. Of course I know the problem has been there for decades and foreign villagers are always given red carpets. The difference is we are past our healthy dependency ratios and those chiefs know it. The dependency ratio will reach a dangerous level of 4 in less than 5 years time and it will take a miracle for the village to survive. So many idiot chiefs bring in foreign vilkagers because they have no backbone to solve the fertility problem. Foreign villagers are foreign villagers and their own interests come first no matter which way one looks at it.

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