There is never a right time for any price increase. Nobody likes it, so It is human nature to oppose it. People will think of reasons why it is wrong.
I think the reasons to raise taxi fares are valid. Demand for taxis will fall initially but will pick up again after that.
As for buses and trains, running costs like wages and maintenance will go up and fares have to go up every few years.
It is also fair for eateries to increase the prices of their food and drink during the Chinese New Year holidays. I guess the owners have to pay their helpers more and to compensate themselves for working during the holiday for the convenience of others.
Making more profits or making a lot of profits is not a bad thing. It encourages people to be productive and it is incentive for companies to invest more. If a company is contented with its earnings and does not intend to make more, workers will not get pay increase or more bonus. Some workers may even lose their job. Shops may not open on holidays and manufacturers may not want to produce a variety of Chinese New Year goods.
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