Post 8 of 20: Convert half of Value Added Tax proceeds to MC shares!
Proceeds from Value Added Tax form a major share in Phil. govt. income. As historical reports show, much of said income end up in the pockets of relatively few corrupt politicians thru their squads of State contract 'facilitators', the rates rising from 10% of project cost in the 1950s to 50% currently. Considering anti-poverty requirements, said trillion-peso proceeds enriching so few are better used to set up wealth-making businesses that create jobs for the country's 60+ million bottom poor. Concurrently, the investment windfall should rain down additions to profit dividends acquired by the local masses of employee-shareholders as a consequence of their MCs' expansion of production assets. Here's how the scheme works: ME Infinity Formula 4: VATCOS Law: Target: Re-channel half of Value Added Tax towards production instead of old-style Philippine regimes' politics-based 'spend all' tradition. ...