Democratic Action’s platform and policies on Economic Issues

the Economy › Minimum Wage

Should the government raise the national minimum wage?

ChatGPTYes, and adjust it every year according to inflation

the Economy › Corporate Tax

Should Philippines raise or lower the tax rate for corporations?

ChatGPTIncrease for large multinational corporations but lower for small businesses

the Economy › Government Spending

Should the government make cuts to public spending in order to reduce the national debt?

ChatGPTNo, increase taxes on the wealthy instead

the Economy › Taxes

Should Philippines raise taxes on the rich?

ChatGPTYes

the Economy › Economic Stimulus

Should the government use economic stimulus to aid the country during times of recession?

ChatGPTYes, the government should intervene to boost a recovery

the Economy › Government Pensions

Should pension payments be increased for retired government workers?

ChatGPTYes, adjust them yearly for cost of living

the Economy › Free Trade

Should Philippines pursue free trade deals with other countries?

ChatGPTYes, but only if strong protections for our national resources and workers are enacted with each trade deal

the Economy › Welfare

Should there be fewer or more restrictions on current welfare benefits?

ChatGPTFewer, current benefits do not provide enough support

the Economy › Universal Basic Income

Do you support a universal basic income program?

ChatGPTYes, everyone should receive an income to cover basic necessities including food and housing

the Economy › Domestic Jobs

Should the government provide tax incentives to private companies to keep jobs within the country?

ChatGPTYes, and drastically increase taxes and import tariffs on outsourcing businesses

the Economy › State Ownership

Should the government acquire equity stakes in companies it bails out during a recession?

ChatGPTYes, the government should receive equity for any financial aid they provide to companies

the Economy › Welfare Drug Testing

Should welfare recipients be tested for drugs?

ChatGPTYes, but provide treatment for those testing positive

the Economy › Tech Monopolies

Should the government break up Amazon, Facebook and Google?

ChatGPTNo

the Economy › Four-day Workweek

Should the Philippines transition to a four-day workweek?

ChatGPTYes, and require overtime pay for work over four days per week

the Economy › Offshore Banking

Should citizens be allowed to save or invest their money in offshore bank accounts?

ChatGPTYes, as long as offshore income is reported

the Economy › Tariffs

Should the government add or increase tariffs on products imported into the country?

ChatGPTYes, this will help create and save more jobs

the Economy › Decentralized Finance

Should the technology of our financial system transition to a decentralized protocol, that is not owned or controlled by any corporation, similar to the internet?

ChatGPTYes, this would reduce wealth inequality by providing more transparent, affordable, and inclusive access to financial services

the Economy › Cryptocurrency

Should the government classify cryptocurrencies as legal forms of payment?

ChatGPTNo, classify cryptocurrencies as highly regulated securities

the Economy › Stock Buybacks

Should the government tax stock buybacks?

ChatGPTYes, but I would prefer if they were banned

the Economy › Surcharge Ban

Should the government ban surcharges tacked onto concert tickets, cable bills, banking services, hotel bookings and other purchases?

ChatGPTYes, all costs for a service should be included in the final purchase price

the Economy › CEO Pay Cap

Should the government enforce a cap on CEO pay relative to the pay of their employees?