Just what people need: more debt

MONDAY, SEPTEMBER 19, 2011
Just what people need: more debt

Re: "Opposition to new car policy seems self-centred", Letters, September 19.

It is not often I find myself agreeing with much Meechai Burapa says, but his comments on the government's first-car policy ring very true. Regardless of this policy, new cars will flood onto Thai roads, so instead of bleating about increased pollution, congestion and gasoline wastage, let's do something to mitigate the ever-worsening situation on Thai roads. There are many ways to improve traffic flow in large cities, but Thai road engineers seem unable to implement any improvements. Well-engineered traffic lights and the strict enforcement of no parking zones are an obvious start, but there are numerous ways to address current problems. Although it would be extremely unpopular, has anyone considered a congestion tax for Bangkok?

I clearly remember buying my first new car many years ago, and the thrill it gave me. However, having been brought up with the principle of not buying anything if you could not afford it, it took me many years of owning "old bangers" before I could afford a new car.

If the Thai government hasn't noticed, the current crises plaguing the world today are all driven by the inability of governments and individuals to pay for the debts they have incurred. Unfortunately, the present new car policy will only encourage people to obtain loans to boost their ability to buy a new vehicle. In the current economic climate, no policy that encourages individuals to take out loans they can barely afford to service can be construed as positive. My advice to would-be new-car owners is to stick with secondhand vehicles until you can afford a new one without having to take out a loan. And when you eventually do get that shiny new car, enjoy it.

Chris Kaye

Chon Buri