Ouch.
Now this will "hurt" everyone.
No escpaing the Domino Effect.
Sabi nga ng gas pump boy na nakausap ko about this TRAIN, "Nagsisisi ako binoto ko si Duterte".
At least marunong yung gas pump boy na mag-konek-the-dots.
Some people, on the other hand, still don't get it.
Inflation's coming.
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i'm sure there will be calls for TRO or something
--
me
May 10, 2017 Digong thread
I cited venezuela as an example of populism gone wrong
Populist leaders will blame businesses when there are food shortages (hoarding daw)
But it's the government's fault in the first place
In response to high inflation the govt imposes price controls
So businesses stop importing coz they'll be losing money
Which results in shortages
The govt then goes after businessmen to appease the masses
But that doesn't solve the shortage problem
I told them du30 is a populist
His populist policies (end contractualization, tax exemptions for low income earners, raising taxes elswhere, etc) could cause high inflation
So in reaction, the govt will act like any populist govt -- impose price controls
Which will cause shortages and even higher inflation (and of course widespread anger among the masses)
The govt will then go after businessmen to appease the masses
I advised my co workers to not be blinded by the increased take home pay (income tax adjustment) and be extra prudent with expenses until we all see the full effect of the TRAIN in the coming quarters.
I think he's probably referring to what will occur after visiting the showroom, such as having to explain to his better half on why there's a PGA Cars delivery at their gate.
the DTI with their "suggested retail price" is price control in disguise
they'll be even stricter this time breathing down the necks of retailers
Same price lang naman ang LC mo sa Macan. Parehong 5M. So it means u can afford a porsche, though we all know it's not that practical to maintain[emoji51]
2 of my friends bought their dream car- the Macan. 1 of them said that much more pleasant and enjoyable to drive ang lexus rx nya compared sa macan
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^ Naalala ko tuloy sabi ng asawa ni Tita; "Sa Manila nga si Erap grabe ka-corrupt nanghihingi ng 1M walang resibo every month sa isang car dealer under YGC group"![]()
I sold my Mustang GT na.........will take advantage of some crazy discounts.
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