The Stupidity Of Wanting Philippines' Foreign Debts Repaid But Not Wanting Foreign Direct Investments

The stupidity of communist logic is absolutely baffling now, isn't t? Above is a meme done by the Bantay Nakaw Coalition which I believe is a Filipino communist group. This has me thinking about how the Bantay Nakaw group is suggesting that having full foreign ownership equals sold. It's good to raise the alarm against the increasing debt but what's really needed is ECONOMIC LIBERALIZATION. Unfortunately, the stupid logic of Filipino communists (at least the followers) is that they want the debt to be paid BUT they're opposed to economic liberalization.

What are their typical excuses which are mainly taught by their MONEY HUNGRY PSEUDONATIONALIST organizers? Well, let's evaluate the lies commonly taught to these morons as to why they should oppose having foreign direct investors (FDI) in the Philippines:

• The most common is taught that only foreigners will get rich if you let them invest in the Philippines.
• Another lie taught is that foreign investors will invade the Philippines. 

Yet, the irony is that economic protectionism is promoted using IMPORTED MATERIALS. Microsoft Powerpoint or other similar programs are used in making the slides. They are on social media platforms. They are also using CAPITALIST-MADE EQUIPMENT to promote their anti-capitalism. It just makes me laugh to see anti-capitalists use Apple products to promote their agenda. Apple is a product of capitalism. Others also use American-made blogging platforms to write their nonsense. 

Now, back on track, I'd like to discuss HOW welcoming FDI is NOT unilateral surrender (as Living La Vina Loca suggests) but that they could've helped the Philippines recover from the Marcos Years and the current debts accumulated by COVID-19:

• The welcoming of FDI WITHOUT the use of 60-40 as a necessity ground or barring other businesses from entering entirely will grant in more income to the Philippines. Are businesses in the Philippine Economic Zone Authority (PEZA) taxed or not? 
• All players in the Philippines are required to pay tax whether they are local investors or foreign investors. Every month, the Bureau of Internal Revenue (BIR) goes to collect income from every businessman. FDIs are required to pay income taxes as much as Filipino investors. For the FDIs, them paying taxes to the Philippine government to remain their rights to do business is just like tenants paying their landlords so they continue to do business.
• The FDIs entry will grant not just threats but also opportunities. As a threat, FDIs will force local Filipino businessmen of a similar industry to innovate or perish. Meanwhile, other businesses in the Philippines of a non-related industry can grab more customers and service producers hence increasing their chances to grow. A businessman grows through better services and more customers. If local businesses also grow then there's also more taxable income.
• In short, welcoming FDI to do business in the Philippines is an opportunity to get MORE income tax from the government. Employees who are tax-exempt may not be paying income tax but their purchasing power will end up paying Value Added Tax (VAT) and helping other businesses have more income. 

That's why economic liberalization is URGENT. It's because the Philippines has debts to pay. Yet there are people who still don't understand how economics works or probably still believe that taxes make jobs when its jobs that make taxes!