Friday, May 20, 2016

141. Unsolicited Advice to an Incoming President #5: Give the really rich some spanking

Your crusade against the criminals is welcome, but to be a true socialist as you say, you have to give the rich some spanking. They have made a lot of money through the years. They trumpet it every year, and they're taxed the same way as the rest. So, give the poor a buena mano hit. I pick two darlings of the business world to take it -- Smart and Globe, the telco duopoly. Hit them with the windfall tax. Windfall -- that's what they get every year. They have been raking in at least a billion a month each for so many years, and they give us shit. Dropped signals, no signals, garbled signals, and very efficient billing and collections. They never gave us a rebate for all the bad service they give, and they are proud of it. The Supreme Court even ruled once that a 100 million tax on Globe prescribed and never to be collected till kingdom come. Pres. Ramos broke the PLDT monopoly in the 90s, but through predatory practices, what was once a thriving marketplace of the telecom industry is now a Mutt and Jeff of telco comedy. Come on Mr. President. Be a true red-blooded socialist. Hit Smart and Globe with a windfall tax -- 80 percent of their filthy profits. Use the money to build more schools for children to teach them nobody makes that kind of money without deserving it. 

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