tag:blogger.com,1999:blog-11702093.post9143501055470692799..comments2024-03-28T22:56:40.743+08:00Comments on Tan Kin Lian's Blog: What caused the high cost of living in Singapore?Tan Kin Lianhttp://www.blogger.com/profile/00617069056914635271noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-11702093.post-27066529480742057322014-06-11T13:33:20.716+08:002014-06-11T13:33:20.716+08:00To sum up the root cause of high cost of living in...To sum up the root cause of high cost of living in Singapore: "Lack of macroeconomic management. The right hand doesn't know what the left hand is doing."<br /><br />One simple example. I remembered that the COE system started implementing in 1990. The original objective was to control car/vehicle population and to keep/maintain its annual growth rate at 3% or less. Traffic jam means lower productivity. But today, this social/economic objective is replaced by money printing machine (the ridiculous sky-high COE prices). Ask ourselves one honest question: "Is our current traffic condition much more smoothly and the driving becomes much more comfortable and enjoyable especially during the peak hours?"<br /><br />"Honesty is still the best policy" if the government truly wants to convince NOT to confuse the people. Finally, the good attitude counts. No more, no less.michael13https://www.blogger.com/profile/05841112660263334281noreply@blogger.com