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Cars cost $150K in Singapore due to ONEROUS GOV'T REGULATION
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Date: June 5th, 2012 12:42 AM Author: avocado bat-shit-crazy place of business dilemma hey george20 - how do you square THIS statist circle into your theories of singapore?
http://www.bloomberg.com/news/2012-06-04/singapore-family-sedan-matches-cost-of-a-u-s-home.html
Singapore Family Sedan Matches Cost of a U.S. Home
At S$86,889 ($67,000) just for a permit, the total price of a Volkswagen Passat in Singapore is about the same as the median U.S. metropolitan home. A 25 percent jump in residents in seven years, coupled with the world’s highest proportion of millionaire households, has fueled a 10-fold surge in license prices over three years.
A new 2012 Passat sedan made by Volkswagen AG (VOW), the world’s second-largest carmaker, costs about $152,000 in Singapore, including the license, according to classified ads website SGCarMart.com. The median price of a U.S. metropolitan area home is $158,100, National Association of Realtors data show.
So-called open-category permit, which can be used to buy any type of vehicle, reached S$92,010 in April, the highest since the end of 1994 when a record of S$110,500 was reached. At the latest auction May 23, the licenses went for S$86,889, compared with S$8,501 three years ago. The permits give the right to own a car for 10 years. The next auction is tomorrow.
Besides having to bid for certificates at auctions that are held every two weeks, Singaporeans also pay registration fees and taxes that can amount to 150 percent of the market value of a vehicle, according to the Land Transport Authority website. |
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Date: June 5th, 2012 12:44 AM Author: charismatic meetinghouse mother oh great, correcting for market inefficiencies and failures (i.e. small roads in a small state, which can lead to massive congestion, which impedes trade and economic growth) is never an option. you seem dumb. (http://www.autoadmit.com/thread.php?thread_id=1963757&forum_id=2#20827544) |
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Date: June 5th, 2012 12:52 AM Author: avocado bat-shit-crazy place of business dilemma so you want the government OUT of "the free market" except in cases where the government says it wants to intervene because not doing so would be a "market inefficiency?"
well THAT sounds like a well-bounded guideline. |
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Date: June 5th, 2012 12:59 AM Author: Pink Bateful University lol @ you. take an econ class or something. youre just embarrassing yourself. (http://www.autoadmit.com/thread.php?thread_id=1963757&forum_id=2#20827651) |
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Date: June 5th, 2012 1:00 AM Author: charismatic meetinghouse mother (http://www.autoadmit.com/thread.php?thread_id=1963757&forum_id=2#20827670) |
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Date: June 5th, 2012 1:43 AM Author: rusted alcoholic codepig STFU.
You don't have any fucking clue what the cost of the externalities is. |
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Date: June 5th, 2012 1:44 AM Author: Pink Bateful University (MAF retard) (http://www.autoadmit.com/thread.php?thread_id=1963757&forum_id=2#20827947) |
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Date: June 5th, 2012 1:46 AM Author: rusted alcoholic codepig Saying "externality" doesn't come close to making you insightful. It suggests that you, like perhaps most college students, took an intro economics class. How impressive. (http://www.autoadmit.com/thread.php?thread_id=1963757&forum_id=2#20827960) |
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Date: June 5th, 2012 1:47 AM Author: Pink Bateful University (low iq-schtick) (http://www.autoadmit.com/thread.php?thread_id=1963757&forum_id=2#20827964) |
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Date: June 5th, 2012 1:47 AM Author: rusted alcoholic codepig People like you make me glad I don't spend much time here anymore. (http://www.autoadmit.com/thread.php?thread_id=1963757&forum_id=2#20827967) |
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Date: June 5th, 2012 1:49 AM Author: charismatic meetinghouse mother People like you seem dumb and MAF. (http://www.autoadmit.com/thread.php?thread_id=1963757&forum_id=2#20827974) |
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Date: June 5th, 2012 1:57 AM Author: Pink Bateful University you just seem dumb (http://www.autoadmit.com/thread.php?thread_id=1963757&forum_id=2#20828002) |
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Date: June 5th, 2012 12:45 AM Author: idiotic ruddy cumskin organic girlfriend lol george20 MAF taking the overcrowded MRT to vivocity crunched next to some bangladeshi migrant workers. (http://www.autoadmit.com/thread.php?thread_id=1963757&forum_id=2#20827549) |
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Date: June 5th, 2012 12:46 AM Author: charismatic meetinghouse mother yes, because the definition of "market failures" doesn't exist. making markets more efficient can never happen. you seem mentally stunted. (http://www.autoadmit.com/thread.php?thread_id=1963757&forum_id=2#20827560) |
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Date: June 5th, 2012 12:48 AM Author: idiotic ruddy cumskin organic girlfriend nah im just more chuckling about you being locked down by DA IRN CHAINZZZZ OF NOCAR <><><><><><> (http://www.autoadmit.com/thread.php?thread_id=1963757&forum_id=2#20827577) |
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Date: June 5th, 2012 12:51 AM Author: charismatic meetinghouse mother lol lil breh (http://www.autoadmit.com/thread.php?thread_id=1963757&forum_id=2#20827592) |
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Date: June 5th, 2012 6:36 PM Author: Excitant prole chad GOTTA TAKE DAT SENTOSA EXPRESS TO UNIVERSAL STUDIOS!!! (http://www.autoadmit.com/thread.php?thread_id=1963757&forum_id=2#20831801) |
Date: June 5th, 2012 12:47 AM Author: Pink Bateful University traffic has externalities breh.
you seem dumb. singapore is a country run by economists, not some race to the bottom third-world shithole where everybody does what they want without regard to external effects. |
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Date: June 5th, 2012 12:48 AM Author: charismatic meetinghouse mother (http://www.autoadmit.com/thread.php?thread_id=1963757&forum_id=2#20827574) |
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Date: June 5th, 2012 1:46 AM Author: rusted alcoholic codepig "traffic has externalities breh."
Go ahead and quantify them for me. |
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Date: June 5th, 2012 1:50 AM Author: charismatic meetinghouse mother http://media.wiley.com/product_ancillary/08/06312218/DOWNLOAD/aie2.pdf
pwn |
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Date: June 5th, 2012 2:01 AM Author: rusted alcoholic codepig "pwn"
You don't read that. If you did, you didn't understand it.
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Date: June 5th, 2012 2:04 AM Author: charismatic meetinghouse mother Congestion Externality (S$)a S$1.747 S$2.068
Value of Time (VOT) S$3.74 S$3.74
lol @ you. you've been pwned. get over it. |
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Date: June 5th, 2012 2:09 AM Author: rusted alcoholic codepig You go ahead and put that into your own words and then explain how permit bidding fits into all of this. (http://www.autoadmit.com/thread.php?thread_id=1963757&forum_id=2#20828070) |
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Date: June 5th, 2012 2:10 AM Author: charismatic meetinghouse mother bro, get over your pwnage. it's okay (http://www.autoadmit.com/thread.php?thread_id=1963757&forum_id=2#20828081) |
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Date: June 5th, 2012 1:51 AM Author: Pink Bateful University dont be retarded. OP called out Sing as being "anti-free market" for raising costs on auto ownership to correct for social costs of traffic. The price of the COEs and all the other fees involved in the VQS scheme is what they came up with. When did I claim to have the data to quantify all the costs of traffic congestion, you retarded shitlib faggot.
and here's more bedtime reading, you cockgobbling faggot
http://ideas.repec.org/a/eee/transa/v31y1997i2p129-140.html
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Date: June 5th, 2012 2:07 AM Author: avocado bat-shit-crazy place of business dilemma why don't you trust the free market to determine the nature and cost of auto ownership in singapore? a libertarian would. if traffic got too congested, people would demand alternatives, and private companies would spring up to offer better options, such as high-tech transit systems, automated cars which manage traffic flow automatically, and so on.
a libertarian would say that singapore - by interfering into the free market - may well be holding back new developments by unwisely propping up methods and technologies that could be outmoded by now were the free market only permitted to do so. |
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Date: June 5th, 2012 2:08 AM Author: charismatic meetinghouse mother http://en.wikipedia.org/wiki/Market_failure
http://en.wikipedia.org/wiki/Externalities
http://en.wikipedia.org/wiki/Anarchy |
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Date: June 5th, 2012 2:12 AM Author: Pink Bateful University ok retard number 2
people can still demand those same alternatives if they think car ownership is too costly under the current regime. the difference is that, here, we dont have the residual costs associated with a shortrun lag before those solutions are demanded or supplied
and lol@your stupid austrian arguments. |
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Date: June 5th, 2012 2:13 AM Author: charismatic meetinghouse mother 180^2 (http://www.autoadmit.com/thread.php?thread_id=1963757&forum_id=2#20828104) |
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Date: June 5th, 2012 1:58 AM Author: glittery bronze quadroon $67,000/car (http://www.autoadmit.com/thread.php?thread_id=1963757&forum_id=2#20828008) |
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Date: June 5th, 2012 2:06 AM Author: rusted alcoholic codepig You missed the "bid" part, didn't you? It went right over your head.
Externalities don't vary with the ability and willingness of rich dudes to buy permits.
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Date: June 5th, 2012 2:08 AM Author: charismatic meetinghouse mother yfwgi (http://www.autoadmit.com/thread.php?thread_id=1963757&forum_id=2#20828064) |
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Date: June 5th, 2012 2:09 AM Author: rusted alcoholic codepig You and your pumo friends just got mercilessly crushed. (http://www.autoadmit.com/thread.php?thread_id=1963757&forum_id=2#20828074) |
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Date: June 5th, 2012 2:11 AM Author: charismatic meetinghouse mother http://media.wiley.com/product_ancillary/08/06312218/DOWNLOAD/aie2.pdf
http://ideas.repec.org/a/eee/transa/v31y1997i2p129-140.html |
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Date: June 5th, 2012 2:15 AM Author: rusted alcoholic codepig No, seriously. Why don't you just go ahead and justify the bidding mechanism with respect to an externalities analysis?
Why can't you do do that? |
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Date: June 5th, 2012 2:20 AM Author: charismatic meetinghouse mother it's been done throughout the thread. STFU (http://www.autoadmit.com/thread.php?thread_id=1963757&forum_id=2#20828145) |
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Date: June 5th, 2012 2:18 AM Author: Pink Bateful University lol at thinking youve crushed anyone, lightweight
bidding/auction process is trying to capture surplus, so long as the reserve is set at what the technocrats have determined to the external costs of congestion. Yes, anything above that could be considered rent but given that singapore is one of the most famously anti-corrupt governments in the world, it is a reasonably safe assumption that that transferred surplus is then reinvested properly. |
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Date: June 5th, 2012 2:14 AM Author: glittery bronze quadroon The bidding system creates a competitive market place that most accurately values the externality. (http://www.autoadmit.com/thread.php?thread_id=1963757&forum_id=2#20828110) |
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Date: June 5th, 2012 2:17 AM Author: rusted alcoholic codepig
You're just saying words you don't understand.
Private demand has virtually nothing to do with social cost.
I think you're all just sucking me into a pit of flame. |
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Date: June 5th, 2012 2:19 AM Author: glittery bronze quadroon Social cost is just the sum of private costs. A bidding system provides a reasonably accurate estimate of this sum. (http://www.autoadmit.com/thread.php?thread_id=1963757&forum_id=2#20828141) |
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Date: June 5th, 2012 2:20 AM Author: rusted alcoholic codepig http://www.autoadmit.com/thread.php?thread_id=1963757&forum_id=2#20828130 (http://www.autoadmit.com/thread.php?thread_id=1963757&forum_id=2#20828147) |
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Date: June 5th, 2012 2:23 AM Author: glittery bronze quadroon You're too easy to flame, but it also sounds like you're genuinely just as confused about these concepts as the other guy. (http://www.autoadmit.com/thread.php?thread_id=1963757&forum_id=2#20828157) |
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Date: June 5th, 2012 2:05 AM Author: pea-brained location rigor lol people are getting really ripped off there, guess it comes with the territory though
I still love singapore though |
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Date: June 5th, 2012 2:07 AM Author: charismatic meetinghouse mother it might be a good thing bruh. the less they spend on depreciating assets, the richer they become. (http://www.autoadmit.com/thread.php?thread_id=1963757&forum_id=2#20828060) |
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Date: June 5th, 2012 2:12 AM Author: Angry property Revenue has to come from somewhere. It could be capital gains tax from Eduardo or from a working class family man trying to get to work. (http://www.autoadmit.com/thread.php?thread_id=1963757&forum_id=2#20828095) |
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Date: June 5th, 2012 2:13 AM Author: charismatic meetinghouse mother no capital gains in singapore lil breh (http://www.autoadmit.com/thread.php?thread_id=1963757&forum_id=2#20828098) |
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Date: June 5th, 2012 2:14 AM Author: Angry property Yes... (http://www.autoadmit.com/thread.php?thread_id=1963757&forum_id=2#20828113) |
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Date: June 5th, 2012 2:16 AM Author: charismatic meetinghouse mother the vast majority of government revenue doesn't come from the poor lil breh (http://www.autoadmit.com/thread.php?thread_id=1963757&forum_id=2#20828123) |
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Date: June 5th, 2012 2:18 AM Author: Angry property Yea it does. (http://www.autoadmit.com/thread.php?thread_id=1963757&forum_id=2#20828139) |
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Date: June 5th, 2012 2:24 AM Author: pea-brained location rigor the casinos in singapore are all full of old house maids (http://www.autoadmit.com/thread.php?thread_id=1963757&forum_id=2#20828162) |
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Date: June 5th, 2012 2:36 AM Author: Pink Bateful University Any more questions, shitlibs? (http://www.autoadmit.com/thread.php?thread_id=1963757&forum_id=2#20828204) |
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Date: June 5th, 2012 2:42 AM Author: charismatic meetinghouse mother (http://www.autoadmit.com/thread.php?thread_id=1963757&forum_id=2#20828218) |
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Date: June 5th, 2012 3:13 AM Author: azure alcoholic hospital depressive by "shitlibs," are you referring to democrats or republicans? (http://www.autoadmit.com/thread.php?thread_id=1963757&forum_id=2#20828317) |
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Date: June 5th, 2012 11:54 AM Author: Pink Bateful University it's just a general term referring to extremist left-wing retards. at this point, it is to the left of most mainstream democrats (although, so is Obama). (http://www.autoadmit.com/thread.php?thread_id=1963757&forum_id=2#20829245) |
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Date: June 5th, 2012 3:01 AM Author: vibrant frisky foreskin chapel singapore seems smart (http://www.autoadmit.com/thread.php?thread_id=1963757&forum_id=2#20828271) |
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Date: June 5th, 2012 11:46 AM Author: Pink Bateful University (http://www.autoadmit.com/thread.php?thread_id=1963757&forum_id=2#20829205) |
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Date: June 5th, 2012 12:09 PM Author: Excitant prole chad would be ok idea if the mass transit system wasn't plagued with delays and failures. going to take a while to get the infrastructure back up to speed. (http://www.autoadmit.com/thread.php?thread_id=1963757&forum_id=2#20829292) |
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Date: June 5th, 2012 12:34 PM Author: fragrant coldplay fan sad thing is the traffic in sg still sucks.
can't you just put malaysia plates on your car? i also heard that ppl buy old license plates and fix them to new cars to get around the tax. something like that. |
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Date: June 5th, 2012 5:07 PM Author: Pink Bateful University (http://www.autoadmit.com/thread.php?thread_id=1963757&forum_id=2#20831161) |
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Date: June 19th, 2012 12:15 AM Author: Pink Bateful University (http://www.autoadmit.com/thread.php?thread_id=1963757&forum_id=2#20913490) |
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Date: August 5th, 2012 4:30 PM Author: Pink Bateful University (http://www.autoadmit.com/thread.php?thread_id=1963757&forum_id=2#21265577) |