Can Recovering The Marcos Wealth Alone Create Jobs And Make The Philippines More Than A Rising Tiger In Asia?

I remembered writing about waiting for the Marcos Wealth to be recovered is like Juan Tamad's waiting for the guava to fall down. It's been more than 30 years and have we truly recovered the Marcos Wealth? Leni Loud herself vows that she would do everything she can to bring back the ill-gotten Marcos Wealth. However, there's a huge question that Leni Loud and the Lenitards need to answer right now -- can recovering the Marcos Wealth be enough to create jobs and make the Philippines more than a rising tiger of Asia? 

I really find it amazing that people think that just because I criticize the Yellows that I'm automatically pro-Marcos. Now, people might be panicking that Bobong Marcos may become the next Philippine president alongside Sara Duterte-Carpio. Calls to support the Pinklawan Movement by Vice President Leni Loud Robredo are there. It's very common to hear people talk again and again about the Marcos Years. I can agree with the Yellowtards in that regard that the Marcos Years weren't the golden years. The facts and figures don't lie that the Marcos Years were a downward spiral. Imelda Romualdez-Marcos' shoe collection could've been used to support some government projects instead. What irritates me is not only do I automatically get assumed as a "Marcos supporter" - these critics of Marcos fail to get the real point of why the Marcos Years sucked. The Marcos Years didn't only suck because of extreme censorship, corruption, and crimes against humanity (such as unlawful detentions) - it was also because the Marcos Years was a PROTECTIONIST REGIME. Sorry, but Fact Check PH is wrong when they say that 60-40 doesn't protect the oligarchs because it DOES. What's the use of hating Marcos, REALLY, if they still support economic protectionism? 

For all the wrong the late Noynoy Aquino did - there was some economic improvement that led to a RISING tiger status. Even President Rodrigo R. Duterte admitted it (sorry Dutertards) that Noynoy did a good job with the economy. It's funny (REALLY) that the Pinklawans tend to put Noynoy like he never did any wrong. Worse, they don't even bother to understand who Noynoy did the economic improvements. The funnier part is that they tend to propose some rather silly proposals such as wanting to increase salaries while reducing the cost of goods and services. Some even say that if they were president - they'd do this and do that which were all SUICIDAL to the economy. Noynoy's economic legacy is described to have also been involved with some use of foreign direct investment (FDI) as part of it. Though, Noynoy  (and also President Rodrigo R. Duterte) could've focused on opening up the economy more for the utility sector in order to provide lower prices of electricity, water, Internet, and the like to build a more investment-friendly country. It would be good for all types of investors if the costs of utility services would be lowered down by a higher supply of them. Though, it would be best to ask if Noynoy just waited for the Marcos Wealth to return. If Noynoy did, then he wouldn't be able to leave that economic mark of a rising tiger economy. 

Let's imagine what if the Marcos Wealth was one day all recovered. Would that be enough to really alleviate the woes of the Philippines such as the lack of job creation and make it more than a rising tiger? The plunder alone didn't cause the Marcos Years to be the deterioration years as rampant economic protectionism made matters even worse. Would the Marcos Wealth's recovery be really able to create jobs and make the Philippines more than a rising tiger? Sadly, the answer is a no. Even if the trillions of pesos were recovered (and I doubt that it's still that plenty knowing their lifestyles) - can it really create jobs? Taxes and national funds don't create jobs - it's the job providers that end up creating taxes for the national funds. Businesses pay their taxes such as the value-added tax, the quarterly tax, the annual income tax, withholding taxes, and every necessary taxes. These taxes are paid for by businesses. It's businesses and jobs that end up feeding the national treasury. The Marcos Wealth recovery will only add some extra money for the Philippine treasury to use for its expenses - not create jobs and make it a rising tiger.

What would make the Philippines more than a rising tiger? It would be a complete economic overhaul. One can argue that Noynoy's economic amendments did the job. However, wouldn't it be better to actually promote economic liberalization and remove 60-40 COMPLETELY? The problem isn't restrictions but EXCESSIVE restrictions. Who in the right mind would rent a space if you had to give 60% of your net income to your lessor? I definitely wouldn't and that's why I propose the removal of 60-40. Having more competition means more power and more growth. If utilities can invest more than 50% then it will promote lower prices of utilities. Businesses wouldn't be so afraid to run for longer periods of time if the costs of utilities would be much lesser than the oligarch-controlled ones. Even ABiaS-CBN and Rappler would be able to benefit from it - an irony that these two establishments just didn't see it. ABiaS-CBN and Rappler could've enjoyed the previous status they had if it wasn't for the 100% Pinoy-owned media law. I don't care if ABiaS-CBN will get its franchise back as long as it faces healthy competition in a free market. It will help translate into taxes which will outdo the damage that the Marcoses did. Instead, some people tend to think that recovering the Marcos Wealth is the end of it all instead of thinking how to build better cash inflows.