19 Aug 2008
But back to the NDRS. First came justifications and legitimization. Yes inflation is high because of rising oil and food prices. But the PAP is on top of it – to the tune of an extra S$250million. This is in addition to the S$3billion allocated in 2008’s budget. And the cost of car-ownership has actually gone down! According to the PM, while ERP charges have increased, car-owners have actually benefited because of the government’s reduction in road tax, all of which would have saved you a grand total of S$54 per year! And of course you will actually see this S$54 if you keep your car safely locked up in the garage. Forget the fact that the 23,098 ERP gantries around the island and oil prices will suck away the savings faster than you can blink.
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