It's already post September 21 and it's just a few days before the first day of October 2018, right? Before the month ends -- I want to raise for the nth time about how a lack of knowledge in basic economics is not a good thing. Now it's time for those activists to consider their stupidity as they demand for the impossible and bark at the wrong person. Aside from their desire for higher salaries and cheaper goods (which is impossible due to the fact higher salaries will mean production costs will increase) -- the recent trend is to blame the TRAIN taxation law for the current inflation rate. WTF? Don't tell me that President Rodrigo R. Duterte now controls the uncontrollable laws of economics as well as the world market because that's just impossible!
I hear one of the more dumber complaints is to say such as "President Noynoy is better than President Duterte because the prices of gasoline were cheaper!" This is really a call for WTF. Okay, I admit that former president Noynoy Aquino passed 29 important economic amendments that helped increase credit rating but he DID NOT magically lower the prices of gasoline nor did he magically appreciate the Philippine peso. Noynoy had some economic programs and I don't want to say that the Philippines immediately rose up. Do you think passing those 29 important economic amendments was instantaneous? He was continuing some of Gloria Macapagal-Arroyo's policies which helped improve credit rating.
Take note that the declaration of the TRAIN law was done to reduce the income taxes. Sure, one can think about the excise taxes on gasoline can be good or bad (and I think it better be reduced but I could be wrong) but the prices of gasoline per se is NOT a Philippine thing. It's shipped from the Middle East and its prices are dictated by the world market! If the prices of gasoline are high then obviously the prices of goods will be high! So blaming TRAIN for the current woes? I wonder what planet do those idiots come from? A good example is how Yellow activists blame the TRAIN law for the current inflation. But did they even bother to see where excise taxes were applied and how they will be used? I don't think they do because they are a bunch of point missing trolls.
So what about the current Philippine peso depreciation? Sometimes, it's the government's fault if they are printing too much money or because there are government loans. Printing more money doesn't appreciate the value of money but devalues it! But there are other factors in the world market that leads to our current Philippine peso depreciation. Did those activist bozos consider the exchange rate of the Philippine peso to the exchange rate with world currencies? If the U.S. dollar strengthens against other world currencies then of course our Philippine currency will depreciate. Also, if the U.S. government isn't doing a good job with its economy or the current trade war with China -- it does affect the world market too!
So really, why aren't they consider analyzing the world market? Also, do they bother to analyze the situation before jumping into conclusions? After all, isn't that it's a common fad in the Philippines not to read posts properly before making comments -- not to mention they say they know the meaning of the word "specific" but can't give specifics to support their arguments. How funny!
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