Conversation with idealogue is next to impossible

It is more fun criticizing

Conversing with ideologue, ie those with progressive ideas is next to impossible.  Like the labor groups and jeepney drivers who still want the excise taxes to be removed from fuel prices.  While this will help alleviate the  situation for many of our citizens,  this fails to understand the explanation of the economic managers that this will put the govt finances into more strain, what with high level all ready of P12 trillion of debt.

The  Train law which enacted the excise taxes granted tax exemptions to wage earners of P250,000 annually, quite a huge amount and removal of large tax base for income tax.   And WT

How could they not get it, despite most getting the P6,500 fuel subsidy and P200 ayuda for every family increased to P500.  Take note today the prices of diesel plunged by P12.50 and for gasoline by P5.00

Many still think that the oil firms are responsible for oil price hike.  The oil producers the sheik, OPEC raise oil prices, not oil firms nor the govt.     We need more understanding from our citizens.  

It does not look that reason is at work here but anti thesis if not greed.  

Government caught in a bind on excise taxes and ayuda, better understanding of budget items and sources of funds

It is more fun criticizing

In yesterday's meeting one can sense the difficulty of govt economic managers with regards to the removal of excise tax to mitigate the unrestricted increase in price of oil products. 

1.    It cant let go of the excise tax since under the train law, the tax exemptions of wage earners were increased to P250,000 each.  The loss has to be replaced by excise taxes.

The excise taxes take care of the Build build program including the  salaries of government employees

2.  The government has to be liquid because its debt stock went up to nearly P12 trillion.  Many of the govt deficit spending are financed by both local and foreign borrowings

3.  Many speeches by know it all congressmen and other sages speak of P25B unspent budget ..  These are unspent budget items and they are not funded?   How do we source the  budget items. The budget items and the  source of funds are entirely different animals.   And yet we cry over unrestricted huge govt borrowings?

4.  The P200 per family subsidy/ayuda is looked upon as very small. Truly.  They are merely ayuda.  It is still the wage earners who have to earn for the upkeep of his family.   The mentality that is going around is that the govt is huge pipe where all of the ayuda comes from, forgetting that the  taxpayers like us sweat blood sweat and tears to pay the taxes that  make the govt go around.  And many speak easily of the endless ayuda that has to be funded  by debt

5. This goes hand in hand with the wage increases And all ready many socialist thinking politicians are proposing P500.00 per day living wage increase.   Good luck God bless to us.  We hope that the bulk of businesses can fund this

Dominguez nixes excise taxes removal; proposes P200.00 /month subsidy to each family instead