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E-smoking and ASEAN integration, Part 2

THIS is a continuation of the earlier column published on Sept. 4, 2018. We are exploring some inconsistency in the formulation that “more smoking (and drinking) prevalence means more cardio-vascular diseases (CVD), cancer, etc.” and hence, people live less healthy and live shorter.

Reduce fares and increase passenger convenience by increasing supply

Economics is the study of proper allocation of limited resources mainly via market mechanism. If there is rising demand for a particular commodity or service, the price goes up as indicator of consumers’ willingness to pay for more services or goods, and this tells existing and potential providers to increase the supply as there is more revenue and profit to be made.

E-smoking, smoked rice and ASEAN integration

TOBACCO, alcohol and fossil fuel products are among the most demonized, most bureaucratized, most taxed products in the country and abroad. Thus, the excise tax for them on top of VAT, income tax and related taxes.

LTFRB command and control, and passengers inconvenience

HERE’s a mixture of news for traffic-wary motorists and passengers in Metro Manila and other big cities in the country.

Renewables illusion and coal realism

THE “renewables cheaper than coal, fossil fuels” urban legend continues until today. For instance, three articles published in BusinessWorld recently:

Land transport modernization and the bureaucracy

UNTIL five years ago, the Philippines had the lowest registered vehicles ratio per population in the whole of North and Southeast Asia. It only had 79 registered vehicles per 1,000 population.

Trademark ban and health alarmism

Health alarmism is the practice of frequently looking at health conditions pessimistically and then calling for more government regulations, taxation, and prohibitions supposedly to ameliorate the perceived pessimism.

CoA should consider benefits of Malampaya project

When developing economies attract multinational companies, they reap benefits. These developing economies get to have more commodities and services that otherwise would remain untapped for a long time. And, as a result, they also earn more revenues, taxes, and royalties even if these economies spent very little. Moreover, technology transfer from multinationals to developing economies is enabled as local professionals are hired to operate, maintain, and upgrade facilities.

Fare control makes it difficult to get a ride

My addition to the two related statements above is: For every government intervention and taxation, there is an equal opposite distortion.