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  1. Join Date
    Jun 2010
    Posts
    18
    #1
    http://opinion.inquirer.net/inquirer...Rich-and-poor#

    NICE ARTICLE TO READ FROM THE PHILIPPINE DAILY INQUIRER
    june 18, 2010
    editorial

    IF ADMINISTRATION OFFICIALS WOULD ONLY bother to see how our Asian neighbors are doing, it might be less effusive in touting President Macapagal-Arroyo’s economic achievements or legacy. For example, a recent report published in the New Straits Times said that in 2009 the number of millionaires in Singapore grew by 35 percent, while those in Malaysia grew by 34 percent. The Boston Consulting Group, which conducted the study, said 11.4 percent of Singaporean households owned more than US$1 million in “investible assets,” a measure of wealth that excludes real property and other non-liquid assets like paintings. That comes up to about 93,000 millionaires in a nation of 4.7 million people. The study also found that 60 percent of households in the island nation had bankable assets worth between US$250,000 and $1 million. And what made this all the more astonishing is that it happened during the same year when the country’s gross domestic product (GDP) shrank by 2.1 percent.

    And how did Filipino families fare during the “36 quarters of uninterrupted growth” under the Arroyo administration? There are no comparable figures for the Philippines. But recent computations made by the National Statistical and Coordination Board give us an idea of how we compare with our more progressive neighbor. The computations based on the Family Income and Expenditure Surveys indicate that while the rich may have become richer, their ranks have become thinner. The “rich” here are defined as families with monthly incomes of at least P199,927 or P2,393,126 a year. The average monthly income of families classified as rich today amounts to P235,155, compared to P194,965 in 2006. Romulo Virola, the NSCB secretary general who recently gloated about a “glorious ending” for the Arroyo administration after surprising 7.3 percent in GDP growth during the first quarter, said that in 2006 there were 19,738 rich families (out of an estimated 17.4 million families), less than half the number in 2000 when 51,160 families were classified as rich.

    Virola said the decline in the number of rich families “would not have been so bad” if the middle class had expanded at the same time. It did not. As a proportion of all families, those belonging to the middle class (families earning an average of P36,964 monthly today) also declined to 19.1 percent in 2006 from 22.7 percent in 2000. Thus over the same period, i.e., from 2000 to 2006, the proportion of low-income families increased to 80.8 percent from 77 percent. These are families that earn an average of P9,061 a month in 2010.

    (Curiously, while the NSCB gives the estimated 2010 incomes for each category—rich, middle class and low-income —it does not have both the absolute number of families in each category or their proportion to the total number of families for the current year.)

    If the rich and the not-so-rich have declined in number (or at least as a percentage of the total number of families), where did the fruits of the years of growth go? To the poor obviously, though still not enough to significantly improve their standard of living. The average monthly income of the low-income families has grown to P9,061 in 2010 from P5,766 in 2000, but their monthly expenditures have kept pace, growing to P8,345 from P5,186. While it looks as if some improvement has been made, it is at best marginal. Survey after survey shows more and more people rating themselves poor or complaining of hunger.

    At this point it would be futile to even dream of catching up with our more progressive neighbors. But in the end, it matters little how few millionaires we have. What matters most is how many millions of poor we have among us. Cutting their number should be the first priority of government and society.
    Last edited by ghosthunter; June 19th, 2010 at 12:36 PM.

  2. Join Date
    Apr 2009
    Posts
    316
    #2
    quite true. tumaas nga sahod namin sa workplace, only to compensate for the surging increase in expeditures... so bale wala din. bottom line = no improvement as far as quality of life is concerned.

  3. Join Date
    Nov 2005
    Posts
    45,927
    #3
    actually nabawasan ang number of "rich" sa Pinas

    from rich naging middle class

    sa middle class naman madami nag slide down

    one sign is dumami ang students from private school na lumipat sa public

    di kaya ng mga parents ang tuition

    and tumataas ang credit card delinquencies

    ask the banks

    tumaas ang non-performing loans nila

    yes, meron mga lalo yumaman

    pero konte lang

    most either remain stuck in place or have slid down
    Last edited by uls; June 19th, 2010 at 11:50 AM.

  4. Join Date
    Jan 2006
    Posts
    214
    #4
    I'm not pro GMA, she could go to jail and i wouldnt care

    pero nasa pilipinas tayo at kita naman natin kung paano bumoto mga tao, ( Lito lapid, Bong revilla, Jinggoy etc.) ang masasabi ko lang eh It could have gotten worst. Actually sino bang presidente ang pwede nating gawing benchmark ang performance.

    Im hoping Noynoy would turn things around pero panay bakasyon ni kolokoy knowing there are problems ahead of him, ngayon pa lang Im losing hope na

  5. #5
    more traffic

    more pedestrian

    more crime

    the corrupt became richer

    criminals became more modern, naka motor na snatchers

    the middle class STILL pays right tax

    the poor increased, walang ginawa kundi mag anak

    nagtaas mga bilihin

    walang balita kay ivler

    si lacson nagbabakasyon

    si erap nakalaya at nakatakbo pang pangulo

    ganun pa din ang pinas

    pabor sa mayaman at ma impluwensiya

    ewan ko lang after june 30

    patay na bata na ako, di na ako umaasa pa,

    buti nalang at malapit na kaming sumibat hehe

  6. Join Date
    Apr 2009
    Posts
    71
    #6
    *LVH
    too bad for you to lose hope. hindi pa nga nakakaupo si noynoy puro batikos na. kung katulad mo magisip karamihan do you think the Philippines would be better?
    may punto ang article. sabi nga sa radyo dati, puro gdp,gdp si gloria, ang tanong... nakakain ba yang gdp na yan ng mahihirap?
    dapat sa mga politiko is walang cash involve sa pamumuno or bawal yumaman(freeze ang ariarian or automatic na yung kita ng negosyo ay sa state mapupunta). tignan natin kung may tumakbo pa. yung mga tunay na may malasakit sa bansa ang mamumuno lang.

  7. Join Date
    Sep 2003
    Posts
    21,384
    #7
    Hwag ka naman ganyan Bro. Samahan mo kami sa Pinas.

    Pero ganun pa man, Bon Voyage.....InnoBOB!

    :party: :party:
    Last edited by chua_riwap; June 19th, 2010 at 01:08 PM.

  8. Join Date
    Nov 2002
    Posts
    3,152
    #8
    let us all hope that noys administration will be less corrupt if not totally corrupt...

    that alone will help uplift the philippines in general, just take a peak at how much gma and her allies got, how about ramos, and also erap, though he isnt as good as the two in hiding the cash.

    though there are improvement with gma's term, but that isnt enough to be proud off... after marcos, gma seat the longest as president, do the math and compute how much could she had gotten.

  9. Join Date
    Jan 2006
    Posts
    214
    #9
    Quote Originally Posted by jerjer&qtqt View Post
    *LVH
    too bad for you to lose hope. hindi pa nga nakakaupo si noynoy puro batikos na. kung katulad mo magisip karamihan do you think the Philippines would be better?
    may punto ang article. sabi nga sa radyo dati, puro gdp,gdp si gloria, ang tanong... nakakain ba yang gdp na yan ng mahihirap?
    dapat sa mga politiko is walang cash involve sa pamumuno or bawal yumaman(freeze ang ariarian or automatic na yung kita ng negosyo ay sa state mapupunta). tignan natin kung may tumakbo pa. yung mga tunay na may malasakit sa bansa ang mamumuno lang.
    Im sorry kung nabatikos ko si Noynoy, Im still hoping he will be a good president, mapakulong lang nya si Gloria ok na at least it would set an example na hindi pwede ngayon magnakaw something GMA failed to do in her administration. It will also leave an impression on people like me that better days are coming

    Im just saying that as an engineer i've been with a lot of hardworking/ problem solver type guys and the last thing they would do is take a vacation when theres a problem at hand. If he has a different approach then so be it Im just interested in the end result

  10. Join Date
    Aug 2008
    Posts
    1,099
    #10
    the aquinos are only good when they are with the opposition and with the media.

    for example, ninoy vs. marcos
    kris vs. joey marquez hahaha
    nonoy vs. gma

    when cory was president, yun din ang pinaka-high incidence ng coup de etat sa history ng P'nas. the thing is if you have a president na may perception na mahina, yan talaga ang maging resulta, power vacuum. anybody will try to grab a bigger share of the power pie, and hence, the presidency of Cory. if not for FVR (cory's #1 backer),baka nag civil war tayo nun.

    GMA is a power president. she understands power very well.

    if you ask me, delikado talaga ang lagay ng bansa ngaun. corruption is only a secondary problem.

    and pls. stop equating quality of life and nationalism. if you clamor for quality of life, you don't sacrifice, pakabig ka, kasi ang iniisip mo buhay mo or buhay nyo. if you clamor for nationalism, then the element of sacifice is there bec. you think of what you can do for your country than yourself and by doing so, makes your personal life and satisfactions secondary or less important.

    yan lang yun, you dont become a nationalist if you hide in the idea that you care for your countrymen's standard of living, na ikaw din eh implied beneficiary. that's hypocritical btw.
    Last edited by Gen. Miting; June 20th, 2010 at 04:23 AM.

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