(26-12-2012, 08:46 AM)HitandRun Wrote: [ -> ] (26-12-2012, 07:39 AM)propertyinvestor Wrote: [ -> ]Why cant the rich pay more? They have taken the most from society and its only right they give back their fair share. Nothing to do with socialism. Just plain common sense.
Of course they are already paying more. The question is how much more? If they are overtaxed, they (including businesses) will pack up and go.
they may live elsewhere but if the business is profitable, my guess is they will find someone to manage the business here. Who will say 'NO' to money?
I say it for the last time here. COE is used to limit the car population such that transportation on our road is not grid-locked. So why must it favours the rich only? Why must the rich with their "limitless" purchasing power makes the middle classes not even able to own a car. So a car has become something like Rolex watch, which is really an luxury items. Why for goodness sake COE be more equitable? Then why you work so hard for what?
(26-12-2012, 10:13 AM)safetyfirst Wrote: [ -> ] (26-12-2012, 08:46 AM)HitandRun Wrote: [ -> ] (26-12-2012, 07:39 AM)propertyinvestor Wrote: [ -> ]Why cant the rich pay more? They have taken the most from society and its only right they give back their fair share. Nothing to do with socialism. Just plain common sense.
Of course they are already paying more. The question is how much more? If they are overtaxed, they (including businesses) will pack up and go.
they may live elsewhere but if the business is profitable, my guess is they will find someone to manage the business here. Who will say 'NO' to money?
On tax-avoidance perspective, staying elsewhere does not help?
Corporate tax remains as long as the company registered and doing business in Singapore
Personal income tax will increase as non-resident tax payer.
(26-12-2012, 10:25 AM)Temperament Wrote: [ -> ]I say it for the last time here. COE is used to limit the car population such that transportation on our road is not grid-locked. So why must it favours the rich only? Why must the rich with their "limitless" purchasing power makes the middle classes not even able to own a car. So a car has become something like Rolex watch, which is really an luxury items. Why for goodness sake COE be more equitable? Then why you work so hard for what?
Car ownership become luxury because it is a scarce resource after we limit the car population.
Once it became luxury, naturally it became like Rolex, only those willing to pay will get it. Sound fair isn't it?
You can live without a watch or caviar
The economy can't live without people, goods and services being transported around. In the haydays of dot com boom, some predicted that people in future will all be working from home. It ain't gonna happen.
(26-12-2012, 10:29 AM)yeokiwi Wrote: [ -> ] (26-12-2012, 10:25 AM)Temperament Wrote: [ -> ]Why for goodness sake COE be more equitable?
How?
That is a very good question. Why don't everyone here try to suggest a more equitable solution. Of course the idea accepted by the most people should then be presented to the Papys. Then we can see what the Papys wayang or consider seriously. Any idea no matter how ridiculous or far-fetched at first instance should be entertained also. Let's brainstorm another words.
BRAINSTORM IDEAS:-
1) how about every house-hold if they want to can ballot for a car?
2)?
(26-12-2012, 10:44 AM)specuvestor Wrote: [ -> ]You can live without a watch or caviar
The economy can't live without people, goods and services being transported around. In the haydays of dot com boom, some predicted that people in future will all be working from home. It ain't gonna happen.
Therein lies the fundamental difference. Having PRIVATE transport, i.e. car, is a luxury just like a patek philippe or caviar. PUBLIC transport, i.e. bus, mrt or cab (for some disadvantaged folks) is a necessity.
Agree. I think we are back to the fundamental question - is a car a basic necessity for ordinary folks in Singapore. We need transportation, but do we need a car.
For business, transportation of goods, yes I would agree it is.
(26-12-2012, 10:44 AM)specuvestor Wrote: [ -> ]You can live without a watch or caviar
The economy can't live without people, goods and services being transported around. In the haydays of dot com boom, some predicted that people in future will all be working from home. It ain't gonna happen.
(26-12-2012, 10:46 AM)Temperament Wrote: [ -> ]1) how about every house-hold if they want to can ballot for a car?
Black market will emerge. I ballot the car successfully and rent the car to the rich. Every ah beng, ah lian, ahmad and mutu will chiong for the ballot.