Saturday, February 25, 2012

$1.1 billion subsidy for bus operators

Alex Au has written an interesting article about the funding of 550 buses to be given to the two bus operators. I share his concerns, i.e. why should the tax payers be funding the profit-making enterprises? Perhaps they should be nationalized. See http://yawningbread.wordpress.com/2012/02/25/pap-government-in-messy-affair-with-new-sweetheart/
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3 comments:

Tan Kin Lian said...

Alex Au used the word "chimera" to describe the two bus operators. I checked Wikipedia and found this explanation:

A chimera is a single organism (usually an animal) that is composed of two or more different populations of genetically distinct cells that originated from different zygotes involved in sexual reproduction.

February 25, 2012 8:12 PM
Lye Khuen Way said...

Love what Alex wrote !
I expect to hear & read robust debate when Parliament sits soon.
Too many questions & loose ends.

Why not just nationalise all these so-called Private -Public Service enterprises ?

Or do the other extreme. Package a deal with some foreign company or two to buy over them. Create a Transport Market Authority ala EMA etc.... No ?

February 25, 2012 9:18 PM
michael13 said...

The left hand doesn't know what the right hand is doing. The end result of staying in a comfort zone far too long.

February 26, 2012 9:08 AM

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