Cost Of Living Increase – The Irony

tax_burdenYou know what’s ironic? The media all carried the government’s claim that 15% VAT will only increase the cost of goods by 5% the most. They carried this claim with no challenge whatsoever. But just the other day, the major national dailies increased the cover price of their paper by 33% from 75cents to $1.

Now, if just a 1% Customs Processing Fee as of this past July was among the tax hikes that spurred a full 33% increase in the cost of your product, how do you, the media, believe a 15% tax hike would only increase product costs by 5%?

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