I am sure you understand the concept of “GDP” (this is the main economic mover for all nation) If Philippines can start generating its own “Gross Domestic Product,” it will and forever sustain its economy. Base on their self efficient on products/services it generates. If enough GDP is created, the business industries can move these products abroad to sustain the need of the Phillipines economy.

With higher GDP you are able to keep local businesses and employ more local people in the process. Hopefully, in the future there will be no need for “OFW” (this is what ruining our Philippines economy, for now…) In reality, someone in the government are making big money off of these “Overseas Filipino Workers.” Therefore, the taxes it generate, can be usefull for the public, rather than government leeching off the GDP, that OFW’s generate. Which is a high percent of GDP it gives back to our nation.

A good example. In the United States alone, practically all, Asian communities consume rice products. If only Filipino entrepreneur can supply the need/demand for the rice consumers on this wealthy nation. Just think, how much GDP it will generate. This will also, help the public on taxes it generates.

And, who’s teaching our neighboring Asian countries, to harvest and grow rice?
And, who are selling these goods to other nations?
Not Filipinos, it’s our neighboring countries. Go figure!
 
• Higher GDP = better nation
• More work for the local people
• Creates taxes for the public
• Yields better Economy  

A good idea is that there be a system that adjusts the tax rate to the tax collection. Like how the BSP adjusts its liquidity reserves for the banks. It’s obviously unfair to the people if the government adjusts taxes yet cannot adjust its tax collection.

Personally I don’t mind the snippets since its still in the spirit of FV. Reposting is a common practice on the net. I feel so sorry to nashman I hope you didn’t strain your finger clicking on the link. :)