I volunteer to Pay 9 percent GST.... IF public transport really becomes FREE.....
just think about how much they'll save in the long run. no fare cheats to catch = less staff needed, no fancy tap-tap machines = less maintainance.
can somebody with betta maths than me calculate much much costs savings that would add up to? not forgetting inflation...
the free rides theory still makes jack a poor boy.
imagine if jack needs to purchase a house, a bike, a car or some big ticket items along the year. Besides, it affects daily commodities like bread and coffee and even instant noodle.
The amount paid for rides is not a whole lot more. Besides, adding 1.5% is not just 1.5% revenue to uncle sam. You have to multiply the supply chain behind that is paying the additional 1.5%. That could multiply by at least 3 times. And when it reaches the supermarket, they up the price again as they wont like to absorb the difference.
So, this is a number trick. Do you remember the 21% increase in electricity bill? Did you forget that there is a 7% gst on it too? the actual increase in the utility bill is 29.47%! And with excess profits and extra gst charged due to a forecast mistake, what had been paid back to consumers for EMA's mistakes? Nothing.
This is just plain stupid. When fuel prices go up, transport fares go up. When fuel prices go down, suddenly there is "no direct relation" between fuel price and transport fares.
Take a look at this:
"SBS Transit and SMRT attributed the need for a fare increase to soaring energy and fuel prices. " blah blah followed with crap about diesel prices.
And now this:
"Current falling oil prices will not translate into a similar drop in public transport fares as there is no direct correlation. "
Falling oil prices are jus future contracts. They do not represent in actual, how much oil is being sold OTC. And in the process of refinery, other costs have to be factored in. Else, according to your assumption, petrol shld be retailing below $1, as compared to over $2, since oil has dropped 2/3.
Also, both SMRT & SBS Transit do not operate on diesel alone. In fact, their main bulk of energy is electricity. And of cos they being customers of electricity companies like we do, are at the mercy of such companies too. One last thing to take note.. electricity in SG is produced by gas, which is not much affected by prices of crude oil.
If gas prices are not much affected by prices of crude oil, then why did electricity prices spike in tandem with oil prices?
PS. I am no expert in energy prices so these questions are genuine and not meant to be sarcastic.
Falling oil price is reflected as the spot rate. I can go to the counter and buy at that price. Why is Shell cutting their pump price when the sweet crude falls in price?
The gas used in Singapore to generate electricity is peged to the oil price!
The man in white made this statement, and you say otherwise. So who is lying now?
Future Contracts, do you know why they introduce this to the price equation? You know alot, so you tell us.
Source: http://www.straitstimes.com/Breaking...ry_310217.htmlOriginally Posted by www.straitstimes.com
Sony Alpha 700 hobbyist
the general discussion is good, but please do refrain from taking it personally and start some kind of war that would force my hand.
I will not repeat this again.
Have a nice day