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Showing posts with label borrowing. Show all posts
Showing posts with label borrowing. Show all posts

Monday, July 27, 2026

Making the poor productive (or restoring wealth); or how leaders destroy the country they lead

It is more fun criticizing















This post is alarmed at so many welfare programs in cash in form of "ayuda" that are definitely draining the treasury.    At the same time we see lack of support to the sector that pays it all:   the taxpayers... The Revenue offices and the LGU s are bearing hard on tax payers:   support for the unproductive sector of the economy and difficulties for those who generate the revenue.  Developing human resources.  Thats our purpose in life:   to develop our gifts and use it to advance the world.    Not promote dependence an mendicancy

We were taught in grad school is social philosophy that the goal of the govt is to make the poor productive and not creating a welfare state.   Social states were not productive and failed.  Look at Venenzuela to see why its economy is in shambles.

And yet this persists in the country and to fund huge social welfare programs, the country has to borrow in trillions   Wait to see the consequence

This post avoids long discourse on this topic;   its beyond the scope of this article...

While we need to help those who cant eke out their living and have challenges, most of the fund can be used to fund:   training to be more productivee, livelihood programs, increasing farm productivity.   Of course corruption has removed most of the resources for these programs



Saturday, October 5, 2024

BIR chief finds P3T revenue collection target challenging

It is more fun criticizing

Despite additional take from digital services which could total P100 billion in the next five years, BIR chief finds meeting the P3t revenue target to be challenging.

However do our appropiations congressmen put restraint in spending?   Or shall we continue to be profligate and rely more on borrowings further increasing the P15t debt pile?