“i hope all discussions focus on wealth creation.”-anthony scalia
—o—

A politician solution is somehow different. They run for public office (ex. congressman), kowtow to malacanang for maximum wealth creation…wealth distribution is minimal.

“In my opinion, to create wealth.. one must have capital, a little bit of capital. it can be coming from increases in disposable income. income that can be re-distributed to the local economy , creating competition of goods and services in the small business sector and combine it with lower interest rates on borrowing. the growing numbers of small businesses in our country is our engine for growth.”

i hope all discussions focus on wealth creation. (i know i can’t dictate the direction this blog) ‘patalsikin na now na’ is never a solution.

anthony scalia said on cvj’s blog… “An economic problem requires an economic solution, not a political solution.”
A political solution is only concerned on distributing wealth. An economic solution focuses on creating wealth. All Pinoys must engage in a form of wealth creation.”

In my opinion, to create wealth.. one must have capital, a little bit of capital. it can be coming from increases in disposable income. income that can be re-distributed to the local economy , creating competition of goods and services in the small business sector and combine it with lower interest rates on borrowing. the growing numbers of small businesses in our country is our engine for growth.

“The fact is that most overseas Filipinos are taxed in their host countries, and the double taxation that they suffered for many years before RA 8424 had cut deeply into their income. Our overseas Filipinos should be the ones to decide how to manage their own income. Thankfully, and it is a credit to our overseas Filipinos’ sense of civic and family duty, as well as their love of country, many have decided to reinvest their income in the Philippines through regular remittances, which in turn have helped drive economic growth and increase household savings here,” the Secretary added: http://www.dfa.gov.ph/news/pr/pr2004/apr/pr274.htm

while the peso remains strong, it is not a good time to reverse the double taxation agreement/policy

“The drop in net OFW remittances will in the short term have a major negative impact on consumer confidence, a primary driving force of the economy. Shopping malls and their suppliers, for instance, will suffer. With the dollar buying less, the Philippines, just now experiencing modest growth in visitors, will become a less attractive travel destination.”

.” On a macro level, there could be a significant drop in personal consumption expenditures and a consequent softening of GDP growth. The heralded Philippine GDP growth rate of 5.6 percent projected for 2007 falls in the shadow of Asian region’s expected expansion of 7.6 percent. The drop in personal consumption expenditures could bring the country deeper into the shadow.”
http://globalnation.inquirer.net/mindfeeds/mindfeeds/view_article.php?article_id=60698

Good. After calling me various names – your kind of intelligent discourse, is hardly convincing. I am fair to lawyers as I do in my work. I’ll give you your space.

http://www.quezon.ph/1810/mindanao-hitting-the-fan/#comment-825283

Read the last sentence.

Bencard, we’ve gone over this ground many times before so let’s just backread our exchanges to save energy:

http://www.quezon.ph/1064/get-out-of-jail-free-card/#comment-133689