‘Fake’ inflation statistics used to justify broken MRT system

In “Comparing Singapore’s newest and oldest MRT“, Khaw said:

Khaw was trying to justify the broken MRT system by implying that the North-South Line (NSL) was constructed at budget-airfare cost. It was not.

To arrive at today’s dollar, Khaw’s imputed inflation rate over 30 years: 63%. (see table below)

But what has increased by only 63% in any 30-year period since 1980?
1. HDB flats
2. Healthcare costs
3. Cost of education
4. Workers’ salary
5. Ministers’ salary
6. None of the above

The official inflation rate is totally disconnected from reality: at today’s prices, $2.7 billion spent on constructing NSL in 1980s could not be only $4.4 billion. Unless we ignore common sense.

NSL (and EWL) will continue to fail because it wasn’t designed for the current population. Better to spend his energy thinking of a revamp instead of cooking up excuses and implementing more tweaks which will further destabilize the system.



This entry was posted in POLITICS, SMRT/SBS TRANSIT. Bookmark the permalink.

1 Response to ‘Fake’ inflation statistics used to justify broken MRT system

  1. Confused says:

    “But what has increased by only 63% in any 30-year period since 1980?”
    1. HDB flats
    5-room in 1987 (~$80k, Area=120m2), 5-room now (~$480k, Area=112m, equivalent to $520k for
    120m2), so? Increase by 550%.

    2. Healthcare costs
    No statistics but you can imagine.
    3. Cost of education
    $1.2k in 1987, $8.4k (Depending on the discipline), so? Increase by 600%.

    4. Workers’ salary
    General worker: $700 in 1987, $1,100.00 now. So? 57%
    How can the workers’ pay increase by a mere 57% catch up with the increase in housing price?
    To move parallelly is bad enough but this is moving divergently is even worst.

    5. Ministers’ salary
    1000% increase?

    6. None of the above
    Answer: No. 4 above (closest)

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