Faction for Change’s platform and policies on Economic Issues

the Economy › Minimum Wage

Should the government raise the national minimum wage?

FfC>FfC ChatGPTYes, and adjust it every year according to inflation

the Economy › Taxes

Should Philippines raise taxes on the rich?

FfC>FfC ChatGPTYes

the Economy › Corporate Tax

Should Philippines raise or lower the tax rate for corporations?

FfC>FfC 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?

FfC>FfC ChatGPTNo, focus on ending tax evasion instead

the Economy › Economic Stimulus

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

FfC>FfC ChatGPTYes, but in the form of increased spending on infrastructure

the Economy › Free Trade

Should Philippines pursue free trade deals with other countries?

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

the Economy › Domestic Jobs

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

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

the Economy › Universal Basic Income

Do you support a universal basic income program?

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

the Economy › Welfare

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

FfC>FfC ChatGPTMore, reform the system so that it supplements, rather than replaces, a working income

the Economy › Government Pensions

Should pension payments be increased for retired government workers?

FfC>FfC ChatGPTYes, adjust them yearly for cost of living

the Economy › Welfare Drug Testing

Should welfare recipients be tested for drugs?

FfC>FfC ChatGPTYes, but provide treatment for those testing positive

the Economy › Tech Monopolies

Should the government break up Amazon, Facebook and Google?

FfC>FfC ChatGPTYes

the Economy › State Ownership

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

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

the Economy › Offshore Banking

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

FfC>FfC ChatGPTYes, as long as offshore income is reported

the Economy › Tariffs

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

FfC>FfC ChatGPTYes, this will help create and save more jobs

the Economy › Four-day Workweek

Should the Philippines transition to a four-day workweek?

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

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?

FfC>FfC 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?

FfC>FfC ChatGPTNo, but the government should create an official digital currency

the Economy › Stock Buybacks

Should the government tax stock buybacks?

FfC>FfC ChatGPTYes, but I would prefer if they were banned

Faction for Change Party

Faction for Change’s policies on economic issues

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