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Showing posts with label level. Show all posts
Showing posts with label level. Show all posts

Thursday, July 25, 2024

Flooding in the streets of Sampaloc

It is more fun criticizing

Brought by Typhoon Carina, no landfall and yet brought plenty of rains.  Flooding due also to clogged drains, due to garbage, and flood control programs not working? 

Manila too is below sea level.   Used to be a marsh/wet land

Is MM to be relocated?   Just like Jakarta which is constantly flooded?

Act of God?  No one is to be blamed?






Friday, August 24, 2018

How does the reported 6% inflation rate really look out there in the market?

It is more fun criticizing

Rizal Philippines
August 24, 2018

Image result for 6 inflation rate

What does the report of 6% inflation rate really mean in the market place.  Does it mean that the prime commodities rose by P6 on the average for a P100 good.  May be.

But the reality that bites is that it is not.  The price increases are much higher than that. Say galunggong from P70 to P140 per kg;   gasoline from P20 when fare was  P8 to more than P40 per liter now. Rice used to be P20 per kg to more than P40.  Can the average consumer wage earner keep up.

No wonder talks are ripe for a round of wage increases after we just gave one.   Hmmmp what happened to the theory that by increasing the threshold  of income tax for wage earners, there will be more money to spend.  Yes for the price increases due to excise taxes imposed on gas and others to recover the loss from
tax exemption.  Mali ata....By being political ie favoring the wage  earner by raising tax exemption level, you hurt them harder by excise tax.

Sen Bam was right in asking everyone to reconsider the TRAIN law.  It is a mistake