Wednesday, August 17, 2022

Wisdom of the Crowd - New Issues

1. Will the Republicans win over control of Congress?
2. Will Joe Biden be re-elected as President in 2024?
3. Will Donald Trump be re-elected President in 2024?

Vote in

Tuesday, August 16, 2022

Octopus card in well used in Hong Kong

 Several people told me that the Octopus card is well used in Hong Kong. My friend, who lived in Hong Kong for one year, told me that he used the Octopus card for payment for transport, restaurant and groceries. He hardly pay by cash.

By contrast, the Ez Link card and Nets Flash card is hardly used in Singapore, other than for transport. Most of the small payments are still made by cash.

Monday, August 15, 2022

WOTC - China's response to Pelosi's visit to Taiwan

 Wisdom of the Crowd: 70% of the respondents said that China had responded appropriately to the visit by Pelosi to Taiwan.

Sunday, August 14, 2022

TKL's alternative to the COE system

 I accept that the price to get a car permit will increase according to demand. If the price is not increased, there will be a big demand for cars.

I dislike the COE system to determine the price because it introduces speculation and manipulation. I prefer the price to be set by the authority, and be adjusted gradually.
Some people object to this system because the rich people can afford the high price, and the poor will be at a disadvantage. This is a sad fact of the capitalist society.
Everyone likes to have a big, nice house, but they cannot afford to pay the high price. They have to accept a 3 room flat in the new town. This will also apply to car ownership.
If we do not set a high price for the car permit (or COE), we will have more cars on the road and congested roads. It happened in most cities around the world.

WOTC - Keep road congestion free

 Wisdom of the Crowd: 56% of respondents prefer other methods (other than COE) to reduce congestion on the roads, e.g. higher parking charges.

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