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Prices of Goods Hiked for the Nth time in RP

Despite pleas and appeals for government to do its role and ask oil companies to ease the situation, prices of fuel and basic goods still rose dramatically within a one week span. Gasoline companies hiked their prices of gasoline and diesel.

Senator Ralph Recto counseled the government to suspend the implementation of the Value Added Tax (VAT). If this is not possible, then, Recto says VAT should instead be “re-purposed”. This re”purpose”, Recto advises, is for the government to spend the VAT proceeds in alleviating the worsening economic situation.

VAT is supposed to be used for anti-poverty programs. This should be the purpose of VAT, not to fatten our coffers and pay our humongous foreign debt. No.

VAT is supposed to give us the reason why our taxes benefit us, not oppress us.

What’s more galling to say the least, is the absence of a strong opposition force that would tell this administration that something is starting to get really serious. This administration is not listening to the Filipino People.

 

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