RE: TRAIN Law and its Counter Effects to Filipino Consumers
This is very interesting! This was actually my thesis last year. We looked on the effect of increasing cigarette prices through the Sin Tax Reform law and found out that these were effective in curbing cigarette consumption. We even made a recommendation to further do more research on further increasing cigar prices along with other included in sin tax reform such as alcohol, junk foods and sugar beverages.
As a health care provider I am very much in support of this law. While most Filipinos may be disheartened by the abrupt rise in prices of these commodities, I believe it will be great in the long run. Cigarette, Alcohol, and Carbonated beverages have done an excellent job in tricking the masses that these goods are important but in truth these are just vices with companies earning so much without any benefit to the masses.
I also read about how car taxes were huge in other countries and its amazing how its already implemented here in the PH. In SG, a car is as costly as a lot whixh makes people resort to public transportation which is not only good for the environment but also for the traffic.
Taas kaayog comment haha. Im just so hyped at how our country is moving progressively. Thanks for sharing this ate