Not only has he said that we have (once again) misunderstood the government – via Lui Tuck Yew – on the issue of transport fares, he goes on to say that the formula needs to reviewed, and that the train services are actually subsidising the bus services because the buses don't make money.
But if the buses don't make money, how is it possible that the profits posted are so high – $119.9 million for SMRT and $36.7 million for SBS? How much are you charging the commuters for you to be able to subsidise the non-profit-making part of your business AND still post such large overall profit?
And this doesn't even explain the MOST IMPORTANT part: why is public transport a profit-making endeavour when it's a public service? Why did we make it so confusing and difficult for ourselves, having private companies that are pretty much protected and propped up by the government because we can never afford to let them fail? Why are we trying to squeeze money out of a public service, and if it's making things so bloody difficult why can't public transport be nationalised?
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