..The E-VIL in E-VAT
Those who see evil in E-VAT are the pessimists who dwell on its
negative effect rather than look at its positive impact. They are the
opposition and GMA’s critics who see nothing good in everything that
GMA does. Many people believed them as manifested by the huge votes
they got last May 14 mid-term elections. In fact, the two TU Senators
who landed to the magic 12 likewise opposed EVAT before its
implementation. Recto, the author of EVAT landed 14th.
However, I look at the turn of events positively. The people gave
their mandate to the GO senators in the hope that they can make their
lives better. It is now their turn to prove GMA wrong. It will be
their word against their performance. People need to know. It will
now be a battle against themselves. At any rate, more than 12M
electorates have put their trust on the senators who opposed EVAT but
about 10M likewise trusted Recto, the author. Meaning, its 55:45 in
favor of the opposition. Reckoning from the time of its
implementation about a year and a half ago, the situation is
improving bcoz only PGMA and her economic managers were in favor of
EVAT then. Roughly, the situation was about 90:10 in favor of the
opposition.
Now that we have started to see the positive impact of EVAT, we
expect the situation to tilt in favor of EVAT advocates. With the
appreciation of our PESO, our cash outflow for debt servicing has
been substantially reduced. Meaning, there will be more budget for
our local operations. The more money circulating in the economy, the
more economic activities there will be. Which, by all indications,
will already cascade down to the masses.
