17 Nov '11, 2pm

The rationale behind the COE bidding system #sgelection #sgpolitics

I spoke to numerous people, but did not get an answer that is acceptable. I have been struggling to understand the rationale for the COE bidding exercise. Surely, a balloting for the COE could achieve the same objective of limiting the no. of COE. That is, if the government fix the COE price at a reasonable amount (which could be adjusted periodically), and use balloting for the no. of COE, the same quota would be achieved as well. Why is there a need for Bidding, which for whatever reason result in the sky rocketing of the price. In other words, the control of the car population do not have to result in the people paying exhorbitant prices for a cars. Unless the government is all out to make money, which I thought that is not the intent. REPLY my personal preference is to have a balloting exercise, instead of bidding for the COE. But our Government believes that bidding (...

Full article: http://tankinlian.blogspot.com/2011/10/why-bid-for-car-co...

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