VEP increases: betray LTA’s core value of greed
That LTA has conjured up another revenue stream is hardly surprising. Even the reason it gave for the increase in VEP didn’t surprise me.
The increases in VEP for Malaysian-registered cars and goods vehicles are rather steep.
The Malaysian Lorry Association has protested. They may make an impact in Malaysia but against a country known for its greed and repressive tendencies, they are merely banging their heads against the wall. In short, it’s totally futile.
Predictably, Msia is retaliating with their own increases for Singapore vehicles. The quantum has yet to be announced. The windfall will be shared with the state of Johore.
As many have rightly pointed out, it’s the ordinary people who will suffer.
The prices of goods from Malaysia will certainly shoot up. Expect everyday necessities like vegetables to go up soon.
Already Singapore has the dubious distinction of being the most expensive country in the world. The cost of living will go up again.
All this is consistent with the core value of greed of the Singapore government.
All that mumbo jumbo about making Malaysian vehicles commensurate with the high cost of vehicle ownership in Singapore is absolute nonsense.
Ask anyone and the response is the same: LTA wants $$$$$.