“The removal of the GSIS and SSS as sources of the Maharlika Wealth Fund is an initial and partial victory of the people against endangering their pensions. But we must still be vigilant because funds from the General Appropriations Act and special appropriations are still included and taxpayers are still the ones to pay the sovereign guarantee of the MWF,” Castro said.
“We in the Makabayan bloc will continue to scrutinize this bill and we maintain that it has to be scrapped because it is not time for this kind of fund,” she added. Castro also insisted that if the bill would still be pushed, their past suggestions — that the money would be sourced from a wealth tax — should be considered.
“If the Marcos administration will still insist in enacting the Maharlika Wealth Fund then it should be funded from a wealth tax and not from the hard earned taxes of our people,” the Makabayan solon added. Last Monday, when the House Committee on banks and financial intermediaries heard arguments regarding the bill, labor group Sentro ng mga Nagkakaisa at Progresibong Manggagawa suggested that wealth tax should be the primary funding source of the MIF because surplus funds cannot come from collections that the government must not lose.
Ang pera ng bayan Huwag ninyong paglaruan.
Alam niyo mga natalo itong mga araneta roxas arroyo ayala lopez villar at marcoses sa legal battle nila sa court laban sa tinawag nilang maharlikans. They have no legitimate properties in this country if the law is truly enforced. They want to paint a bad image of the name. Haha
GabrielLaluINQ NotoMaharlikaFund
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
INQToday: Proposed Maharlika Fund would no longer include SSS, GSIS funds — QuimboProposed Maharlika Fund would no longer include SSS, GSIS fund — Quimbo
Source: inquirerdotnet - 🏆 3. / 86 Read more »
After backlash, House leaders spare GSIS, SSS from Maharlika fundThe decision came after Speaker Martin Romualdez and other House leaders met with economic managers to reevaluate the proposal. READ: Kayong mga politicians ang mabubura sa politics kapag pinilit nyo pang galawin public funds ng SSS at GSIS. Of course babawian namin kayo pag dating ng botohan. At kung sino man nagpasimuno nyan sa inyo. Wala votes next election ahahahhaa Kung di pa tayo nagsalita! Its working. Keep on hounding them. Hands. Off. Our. Pensions!
Source: rapplerdotcom - 🏆 4. / 86 Read more »
House to remove GSIS, SSS as contributors to proposed ‘Maharlika’ fund
Source: manilabulletin - 🏆 25. / 51 Read more »
GSIS, SSS dropped as mandatory sources of capital for Maharlika FundAuthors of the proposed Maharlika Wealth Fund (MWF) have dropped state pension fund repositories Government Service Insurance System (GSIS) and Social Security System (SSS) as mandatory contributors to the proposed sovereign wealth fund, House appropriations panel senior vice chairperson Stella Quimbo of Marikina City said Wednesday. CASINOS Sige lang mga tigulang na bitaw na ONE way of family planning lessens Ilagay nyo savings from executive legislative at judiciary. Kung naniniwala kayong kikita Yan isugal nyo mga savings Ng legislative.
Source: gmanews - 🏆 11. / 68 Read more »
GSIS vows transparency, investment protection in proposed Maharlika fundThe Government Service Insurance System gave assurance that there will be transparency in the proposed Maharlika Investment Fund and that investments that will be made through it would be protected. | DYGalvezINQ DYGalvezINQ The independent directors are chosen by presidential appointees, making the independent directors pass-through presidential appointees. There is nobody on the board, or advising the board, that isn’t directly or indirectly employed by the president. DYGalvezINQ DYGalvezINQ
Source: inquirerdotnet - 🏆 3. / 86 Read more »
GSIS chief says Maharlika Wealth Fund a long-term investmentGSIS president and General Manager Arnulfo 'Wick' Veloso on Tuesday branded the proposed Maharlika Wealth Fund as a 'long-term investment.' Veloso said this would contribute to the goal of the Marcos administration towards nation-building. invest it where? Nation-building? Baka personal bank account building. Ano ba yan!
Source: gmanews - 🏆 11. / 68 Read more »