a trader's blog (these are my Philippine Stock Exchange/PSE trading notes ... by no means are these to be taken by the reader as recommendations to buy or sell; blog contents are valid only up to the date of publication; the views found herein are subject to change without prior notice) .. Dont hold and hope! But definitely Ride them!
Saturday, July 11, 2015
today's rant: the sin tax really does not aim to prevent something .. it is simply to raise money! (11 jul 2015)
Even with higher taxes, smoking still prevalent as smokers shift to cheap brands
for as long as an existing economic activity is still profitable to carry out, it will continue to exist ... which means .. bottom line ... the sin tax law is really not to prevent people from smoking or drinking (simple lang naman .. if u aim to prevent .. then make it illegal!) ... it is simply for the power monopolizers to raise money from consumers ...