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Wealth tax now: an argument by numbers

In August 2022, the Philippine Statistics Authority (PSA) revealed that the poverty incidence rose to 18.1% in 2021 from 16.7% in 2018. Completely understandable, our technocrats said: After all, we all bore the brunt of the pandemic-driven recession. Philippine gross domestic product (GDP) shrank by 9.5% from 2020 to 2021, the worst since 1947. Of...


Tax the rich: 9 reasons for a wealth tax

Rising inequality has been an inescapable phenomenon of global economic development over the past 200 years. Per the United Nations’ Sustainable Development Goals, growing inequality affects 70% of the global population and threatens “long-term social and economic development, [harming] poverty reduction and [destroying] people’s sense of fulfillment and self-worth,” all of which “can breed crime,...