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World News@lemmy.worldEnglish · 9 months ago

Certificate to own car in Singapore rockets to $106,000

www.theguardian.com

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Certificate to own car in Singapore rockets to $106,000

www.theguardian.com

fne8w2ah@lemmy.world to

World News@lemmy.worldEnglish · 9 months ago

Cost of ‘certificate of entitlement’, introduced in 1990 to control number of cars, now equivalent to four Toyota Camry Hybrids in US

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9 months ago
Cars have a societal cost that is far greater than the car-related taxes paid by car owners. Aka car owners are subsidized by non car owners. Not saying Singapore has a fair system but people drastically underestimate how expensive cars infrastructure is for society.

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