The Nobita Administration may brag all it wants that it has caused the Philippines to supposedly improve, while he shamelessly takes credit for what Gloria Abobo did to improve the economy. The truth is usually stranger than fiction. There are reliable sources that say that the Philippines' GDP is increasing. President Nobita should give credit where credit is due. Gloria Abobo did have some economic policies that saved the country and the peso/dollar exchange rate didn't rise up so much. While I do condemn Gloria but I do also condemn President Nobita's irresponsibility like the DAP program by Abad and how he still practices cronyism. The economic situation still requires more improvement if the government expects to beat piracy and smuggling.
First one may consider piracy. One of the biggest problems is the Philippine economy makes piracy hard to beat. For instance, pirated DVDs and CDs are much cheaper than the original. For example, one DVD can cost USD 20.00 and it would cost PHP 900.00 if it reaches the Philippines. Now I can understand tariffs and all but the whole Peso-Dollar exchange rate is high, causing tariffs and the like to increase as well. During the time of Nobita's late mother Cory up to Ramos, the peso-dollar exchange rate was only around PHP 20.00+ but during the Sherap regime, the costs increased so high (yet IDIOTS keep voting for that pig)... and we can owe the recovery to Gloria in a way.... which President Nobita should credit her instead of always blame her for everything that goes wrong in his administration.
I may also consider this as a reason for piracy. Speculative as it is, but I really think Failipino's BAAAAAAD quality media is a good reason for why piracy persists. The so-called "Original" Pinoy Music is more Obviously Pathetic/Palpak Music. You may think how lacking in quality most Pinoy-made films are that an enlightened Pinoy won't support it. I mean, think of how LOOOOOONG the lines were to buy One Direction tickets, the premiere of Rurouni Kenshin: Kyoto Inferno and the crowded gathering during Takeru Sato's arrival. I mean, I've never seen the lines that long for contemporary Pinoy artists or Pinoy movies. With all the aim to give only garbage entertainment to Pinoys, buying a pirated DVD of a quality foreign film becomes the alternative over buying the original DVD of a garbage FLIPFAG film for any enlightened Pinoy.
The second is smuggling. Why is smuggling so hard to defeat? It doesn't take a rocket economist to understand the lecture of an economics professor! They want to do business but taxes are TOO HIGH. While Communist China has lowered down its taxes as a whole (even to foreign companies but it's still strict with getting 100% ownership but at least it allows 50% and up ownership unlike the stupid 60/40 of the Philippines) to reasonable rates, the Philippines keeps increasing it. If taxes are too high, tax evasion will be highly encouraged as a result of that. Then you wonder why smuggling has increased. One may also mention that the 60/40 policy increases smugglers which in turn, decreases revenue. In fact, unreasonably high taxes will just kill revenue in the long run too!
In fact, it doesn't take a rocket scientist to figure out what's really wrong. It's the basic law of economics that is taught even in high school. College economics like microeconomics, basic economics and macroeconomics will make a person understand the economy, even if they won't be economists. Even a person of low intelligence who studies economics diligently can understand its basic concepts!
First one may consider piracy. One of the biggest problems is the Philippine economy makes piracy hard to beat. For instance, pirated DVDs and CDs are much cheaper than the original. For example, one DVD can cost USD 20.00 and it would cost PHP 900.00 if it reaches the Philippines. Now I can understand tariffs and all but the whole Peso-Dollar exchange rate is high, causing tariffs and the like to increase as well. During the time of Nobita's late mother Cory up to Ramos, the peso-dollar exchange rate was only around PHP 20.00+ but during the Sherap regime, the costs increased so high (yet IDIOTS keep voting for that pig)... and we can owe the recovery to Gloria in a way.... which President Nobita should credit her instead of always blame her for everything that goes wrong in his administration.
The second is smuggling. Why is smuggling so hard to defeat? It doesn't take a rocket economist to understand the lecture of an economics professor! They want to do business but taxes are TOO HIGH. While Communist China has lowered down its taxes as a whole (even to foreign companies but it's still strict with getting 100% ownership but at least it allows 50% and up ownership unlike the stupid 60/40 of the Philippines) to reasonable rates, the Philippines keeps increasing it. If taxes are too high, tax evasion will be highly encouraged as a result of that. Then you wonder why smuggling has increased. One may also mention that the 60/40 policy increases smugglers which in turn, decreases revenue. In fact, unreasonably high taxes will just kill revenue in the long run too!
In fact, it doesn't take a rocket scientist to figure out what's really wrong. It's the basic law of economics that is taught even in high school. College economics like microeconomics, basic economics and macroeconomics will make a person understand the economy, even if they won't be economists. Even a person of low intelligence who studies economics diligently can understand its basic concepts!
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