To add a bit more context: owning a car in Singapore is extremely expensive, basically meaning that if can afford that, “you made it”.

Because privately owned vehicles kill literally one million people every year.

Actually, pretty much all land is owned by the government in Singapore, and leased out for about 30 years for commercial property or up to 99 years for residential property.

We already do something like that: we allow around 1 million cars on the island (with around 6 million people living here). We auction off the rights to operate one of these 1 million cars for ten years at a time (you still need to buy your own car, of course).

Your proposal would be equivalent to dropping that number from 1 million to 0 million.

I think a reduction in the total number of cars is worth debating, but I don't think 0 is the optimal number.

Though I do wish Singapore would take inspiration from Japan, and eliminate street parking; and in general have the government exit the car storage business.

Isn't it better to allow a few luxury cars that are taxed to oblivion? As long as there aren't too many cars, the city can be pleasant, and it's a nice source of revenue.