The conventional wisdom that one only needs to be hardworking to get by is no longer true. MBOpinions READ:
Going to the public market or supermarket in the past few months and weeks is a sure way to have heartaches and headaches. Less people are using the big carts. We’re not really buying less stuff. We can no longer afford to buy more, even if we wanted to. Our money costs less compared to before.
The conventional wisdom that one only needs to be hardworking to get by is no longer true. Delivery riders, shipping and logistics staff, and transport service network drivers have tried 24-hour shifts and more, but they can’t catch up with the escalating costs of living. OFWs have to work even harder, if that is possible, because their family expenses here at home are rising. That the dollar may fetch more pesos has given way to the reality that it now takes more pesos to sustain our import-dependent economy. More dollars and even more pesos are needed to import rice, basic goods and consumer products.
First, the President could convene a special session of Congress to suspend or abolish VAT and excise taxes on petroleum products. That would immediately lower prices of oil and basic goods. Fourth, the President could immediately transmit to Congress a supplemental budget for a new round of ayuda to all citizens. Everyone’s affected by rising inflation and prices, and so everyone should get some help from the state.
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