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The Ripple Effects Of Electricity Tariff Increase - Nairaland / General - Nairaland

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The Ripple Effects Of Electricity Tariff Increase by eddie7: 12:53pm On Apr 05
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If Cadbury is in Band A and you increase their tariff by 300%, the price of Bournvita will go up and those in Band Z where there is no transformer will buy at the increased price.

If they buy at higher price, they are the ones paying the 300% increase, not the manufacturer who you want to tax.

If consumers don't have the purchasing power to buy at the new rate, Cadbury will close down.

If Cadbury close down and others too follow, unemployment will increase.

If unemployment increases, insecurity will take a jump.

If insecurity jumps, the money you thought you're making will be diverted to security and it won't be enough.

That is why US, UK, France, Germany and all developed economy support their factories with billions invested in power subsidy.

#C O P I E D

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Re: The Ripple Effects Of Electricity Tariff Increase by 99thEnemy(m): 12:54pm On Apr 05
eddie7:
Copied

If Cadbury is in Band A and you increase their tariff by 300%, the price of Bournvita will go up and those in Band Z where there is no transformer will buy at the increased price.

If they buy at higher price, they are the ones paying the 300% increase, not the manufacturer who you want to tax.

If consumers don't have the purchasing power to buy at the new rate, Cadbury will close down.

If Cadbury close down and others too follow, unemployment will increase.

If unemployment increases, insecurity will take a jump.

If insecurity jumps, the money you thought you're making will be diverted to security and it won't be enough.

That is why US, UK, France, Germany and all developed economy support their factories with billions invested in power subsidy.

#C O P I E D
this makes lots of sense

(1) (Reply)

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