Friday, June 18, 2004

New Pantai Highway - No More Toll Subsidy

"The Cabinet has decided not to subsidise the toll rate for New Pantai Highway which charge $3.20 one way," said Datuk Seri Samy Toll.

Well, pay for it my friend if you choose to use it - that's the Doctrine of Laissez faire, a doctrine opposing governmental interference in economic affairs beyond the minimum necessary for the maintenance of peace and property rights.

Let the market decides the survival of the wisemen. There are already a number of highways that had sufferred badly due to insufficient revenue from toll collection, such as Port Dickson-Seremban Highway, Kulim-Butterworth Highway, etc.

The people should teach those suckers a lesson by abstaining from the use of those highways that overcharge the users and let time decide their demise. Then Samy vellu will be back to save them by proposing to the Government to save them. Look at Putra Monorail and Star monorail; Khazanah save them from extinction and save Renong Billions of dollars for that failed privatization project.

In the first place, why did Samy agreed on the rate for the toll when he knows from his historical experience that the Rakyat cannot afford it? Just abort the proposed project, and the interested concessionaires will come running to reduce the rates.

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