This is my personal opinion. Don’t get me wrong. Why must we pay up at least S$2000 to get a driver’s license here in Singapore? Not to mention the extra fees for retest. I think it is a mere waste of money to get a car license and up to S$150,000 to even get a decent car. And you got to pay COE, parking coupons, fines if you got any, vehicle test, car insurance, petrol fees and furthermore installments if can’t pay up in full. You will end up paying even more for what the actual car is worth. This same amount can feed so much hunger stricken people in Southeast Asia alone. The people here work all their lives just to pay this amount.
The buying of flat here is almost the same cost of a decent car. Condos, bungalows and even semi-detached houses can cost up to an S$1 million and even more. You just imagine so much money wasted on just one house. But the people here just are suffering, as they can barely cope up with the payment of the house. It is even worse if you already got a car. Just imagine a typical guy with a pay of S$1200 (before CPF) CPF means Central Provident Fund. It is a system every Singaporean has when he or she starts working. They will take a portion of your salary for later use of buying flats, paying medical bills or other stuff. Let me just say one thing almost every one here a flat to live in. At least we got a flat to live in. But the prices must drop to entice more people to buying cars and housing.
Let’s say Robin’s monthly pay of S$1200. But after CPF deduction his pay is only S$1044. The usual deduction is 13% of your pay. He can’t even keep some money for himself, as all the money are almost spent on the flat and the car. If he has a family to support, his wife will have to work to support him, but still it is not enough as their income is barely enough to run the family. So expensive the things are in Singapore, but yet we are just getting the same pay but job overload.
Friday, December 01, 2006
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