MY CUP OF LIBERTY

Many local private players can finance big infrastructure projects on their own and will not need TRAIN tax hikes.

“It is vain to talk of the interest of the community, without understanding what is the interest of the individual.” — Jeremy Bentham (1748-1834, English philosopher and economist who pioneered utilitarianism)

Among the common strategies used by an oppressive policy or government is to subsume and disregard individual concerns and put the community and society on top of almost everything.

The Tax Reform for Acceleration and Inclusion (TRAIN) law has raised energy taxes, sugar taxes, and other taxes to “compensate” for the cut in personal income taxes. Household concerns about the acceleration of inflation were muted in the crafting of the law because of the supposed higher communal and societal interests such as Build, Build, Build and other welfare programs including free education, health care, irrigation, among others.

The premise is that the Build program is not possible without higher taxes, without new loans especially from China communist government, and that existing taxes and welfare programs are still insufficient. It is a flawed and lousy premise.

Now the households’ feared concern of accelerating inflation has taken place.

This is shown by the numbers in the graph which covers the four richest economies in North America and Europe and Asian