If Filipinos will be able to chart the troubled waters of 2023, Ibon Foundation Inc. said the national government would have to increase social protection to households and micro, small and medium enterprises (MSMEs) nationwide this year.
IF Filipinos will be able to chart the troubled waters of 2023, Ibon Foundation Inc. said the national government would have to increase social protection to households and micro, small and medium enterprises nationwide this year.
“Put money in people’s pockets to improve their welfare, increase their consumption but also spur domestic demand,” Africa said in a new briefing in Quezon City last Wednesday. “We completely believe in the role of the state in socioeconomic development.” “These 3,000 billionaires, a large part of their wealth comes from valuation of their ownership in corporations,” Africa said. “A large part of their wealth is not prone to capital flight.He added that the government has the ability to monitor the wealth of these billionaires. They can even help encourage the billionaires to pay wealth taxes by promoting their corporate social responsibility efforts and other philanthropies.
“Fundamentally, we disagree that a wealth tax would drive the money abroad. It’s going to generate money for socioeconomic development,” Africa stressed.NONETHELESS, Africa admits that not all debts are bad. He said debts can be justified if these contribute to the country’s development. “Debt in itself is not necessarily a bad thing. If the debt is being used to help the economy grow that might be a short term cost for medium- to long-term development,” Africa said.
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LOOK: Beauty Gonzalez brightens 2023 Sundance Film Festival with colorful ensemblesBeauty brings color to the annual film festival. Aside from her remarkable talent, Beauty Gonzalez is also known for her unique fashion and style as she is among those in the industry who slays bright and colorful outfits. The Kapuso actress represented the country at the annual Sundance Film Festival in Utah for the horror film, In My Mother's Skin, where she proved once again that she definitely rocks colors. Have a look at Beauty's bold and colorful ensembles at the film festival this year.
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Miss Universe Philippines opens applications for 2023 pageantApplications for Miss Universe Philippines 2023 are now open!
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NCR water deficit looms in 2023 with growing population — MWSS ROA water deficit is possible next year in Metro Manila, including Cavite and Rizal, should the population in the region continue to increase, according to an official from the Metropolitan Waterworks and Sewerage System Regulatory Office. | JMangaluzINQ
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