wealth tax
Ramon Ang’s net worth
March 29, 2026
How much will taxing billionaire wealth raise to help ordinary Filipinos?
March 29, 2026
The government’s declaration of a national emergency will need large funding to be meaningful. A billionaire wealth tax generating at least Php500 billion will help ensure that more Filipinos will be given more help for as long as they need.
Tax the super-rich
August 15, 2023
NEWS ANALYSIS
Growing billionaire wealth amid increasing poverty, worsening joblessness, and stagnant wages shows that it’s high time for the Marcos Jr administration to heed calls for a wealth tax on the country’s billionaires.
“Louis Vuitton” tax inferior to billionaire wealth tax – IBON
January 19, 2023
A higher consumption tax on luxury goods is desirable but is not a substitute for a wealth tax which can raise far more revenues for social and economic development.
Tax billionaire wealth to raise revenues
October 11, 2022
Government refuses to cut oil taxes because of revenue losses. Taxing the super-rich however will help raise revenues—a wealth tax on 2,945 billionaires can contribute Php469 billion to government coffers. This is even bigger than the Php197.3-billion revenue collected from TRAIN’s oil excise tax in 2019-2020 which disproportionately burdened the poor.
The scourge of price hikes
April 16, 2022
Prices keep rising, cash subsidies are limited, and real wages keep falling. The situation will not get better if the government does not acknowledge that the rampant jobs crisis and worsening poverty are huge problems that require big solutions.
Tax the billionaires
September 29, 2021
