The center manner isn’t approximately the supply of finance or approximately the dearth of skills or opportunities, it’s about a stage playing discipline, a dependable coverage surroundings and a regulatory regime which enforces fairly and which does now not allow itself to be bullied or inspired by means of energy plays. A dose of selective and restrained smart nationalisation can also be administered as a way to result in concord in industry sectors and to serve the human beings with the necessities at costs that they are able to without a doubt find the money for, or offer requirements for folks who honestly can’t have the funds for to pay, free of fee (this last a genuinely heretical declaration in a Philippines context!).
To engineer a redistribution of wealth via changes in taxation whilst legitimate will itself be just a dream till the gambling subject is levelled. Power plays will trump the taxman as they do the entirety else.