SINGAPORE: An engaging exchange unfolded between Senior Minister Lee Hsien Loong and Workers’ Party MP Jamus Lim regarding the Certificate of Entitlement (COE) system aimed at determining car ownership needs in Singapore. The dialogue, which took place during the Economic Society of Singapore’s (ESS) annual dinner on 15 July 2024, revealed differing perspectives on how best to support the transportation needs of Singaporeans.
Viewpoints on the COE System
Mr Lee outlined the government’s stance, arguing that introducing specific considerations for various demographics could complicate the current COE system, rendering it “unworkable.” This remark came in response to Assoc Prof Lim’s Facebook post, where he expressed concerns over the allocation methods that prioritise wealth over genuine needs.
- Prof Lim emphasized that the merit of a person’s need should not be overshadowed by their purchasing power.
- He noted that the market-driven approach proposed by Mr Lee fails to account for society’s values, such as compassion and equity.
Government Initiatives and Responses
In the exchange, Mr Lee affirmed that while he could not guarantee every Singaporean affordable car ownership, he could ensure access to efficient public transportation. He stated, “Cars, no. Transportation, yes,” emphasizing the government’s focus on providing support through direct financial assistance like the baby bonus for families needing extra help.
A Broader Discussion on Societal Values
The discourse between the two leaders highlighted a philosophical divide. Mr Lee maintained that it is about finding the best ways to meet people’s needs without creating convoluted systems that might lead to inconsistencies. “Where we disagree is not over who cares more for our fellow Singaporeans,” he said, addressing the crux of their dialogue.
Prof Lim countered by suggesting that a market-based system often neglects the human side of decision-making, noting that many Singaporeans do not want their lives dictated by economic transactions.
Looking Ahead
As both leaders articulated their perspectives, the underlying discussion entwined with broader issues such as youth engagement and societal expectations. Mr Lee urged young Singaporeans to leverage the advantages they have today and strive for success without becoming complacent.
Despite their differences, both acknowledged the importance of addressing and understanding the needs of all Singaporeans as the nation continues to evolve.