July 1 is Canada Day, the 150th birthday of our great friend to the north. Crisis and opportunity are represented by the same Chinese letter. Unlike a chair, an idea can be shared by a whole people. Another economy is necessary where people can experience generalized security.
The tax system in the Philippines is biased towards the rich. The Duterte government’s new tax reform package House Bill (HB) 5636 or the Tax Reform Acceleration and Inclusion Act (TRAIN), recently adopted by the Lower House of Congress, further burdens the poor – the unemployed and under-employed -- and low-income earners.
Governments secure the money of the rich. State debts have grown in nearly all countries of the world since 2010. Ten years after the outbreak of the financial crisis, the economy is again in a standstill or mired in crisis. Trump wants to cancel the most recent bank regulations and cut taxes for corporations in half.