8/17/2018

On the impact of the TRAIN law on the poorest of the poor




The study (which starts at timeline 1:01:40 in the video above) mentioned that about "60.89% of our poorest people's BUDGET goes to food". But so many of these poorest of the poor now don't even spend their very meager earnings in terms of a so-called "budget". Because of today's high inflation (a shocking impact of 6.7% inflation rate actually for the poorest of the poor according to the study), every meager income they manage to eke out has now become not even enough to spend for their food. And thus, budgeting is irrelevant to our poorest of the poor kababayans nowadays. What is there for them to budget anyway when what they have is not even enough for a decent food?

If the government is truly aware and is honestly concerned of the disadvantageous impact of the TRAIN law among the poorest of the poor, then in all practicality, the implemented TRAIN law should be reevaluated by [many more] competent and experienced experts so that its implementation could be and should be adjusted and readjusted accordingly.

So in all of this, dear Mr. President, are our poorest of the poor kababayans worthy of your plan to resign? Are you the type of a captain who is first to abandon ship when you realized that it is indeed very tiring and very difficult to navigate our Philippine ship through a seemingly endless ocean and very rough waters?