Good day October 22, 2011,
Thank you for a great day, I got to relax in my date with my wife. Able to watch my TV shows and spend quality time with my life.
Today I want to blog is government.
Government is a body of people who creates regulation to promote order and happiness to the group.
I live in the Philippines and our Government really sucks. From Cory till now, I can't say anything beyond them but most probably they are all the same except Marcos but he got bad stuffs too.
Now in my view, I can see only few rules that could help a country to grow.
1. Rules to protect peace and order and upholding the laws
2. Promote good business environment for better livelihood for the people
3. Encourage on investing in the country for the future.
If I were the president these are the things I would do for our country
1. Redo the Tax code (simplify) no more rates cause it is never accurate
2. Restrict outflows of cash from the country on people going out of the for pleasure
3. Rework the government salaries and benefits (simplified and higher)
4. Planned the Philippines for 100 years projects and let other president adds but not remove.
5. Regulate the value of the country money to control inflation.
6. Concentrate on the main street economy and the stock exchange would follow too.
Ok now let me explain the details on how I should go about this plan.
1. We would need a single national ID for all Citizen. All born would immediately have a Identification Number or code that would be their life number , tax number,SSS numbe and other government number.
This ID would serve as a regulatory control on entering and exiting the country and any transaction there of.
Now all information gathered would be kept in a central database and a different government agency for security. There should be 3 secure bases on which data are kept.
This new system would help government monitor and have a sufficient information on what is really going on the country. But no specific data would be recorded or seen by others.
Example if there are 56 people who bought a Toyota Vios, then the data would transmit to the government agency that monitors economic conditions. It will state how many are males and what ages they have. In what city they live. But not disclosing who and exactly where.
Now this serves as a tax ID connected to the BIR which enforce people and encodes tax penalties.
Example a person would pay his or her taxes during a date thru a bank deposit
With a specific amount. This is how the new tax code should look like:
Person ages 18-21 - Php 5,000 tax
Person ages 22-25 - Php 8,000 tax
Person ages 26-29 - Php 12,000 tax
Person ages 30-35 - Php 15,000 tax
Person ages 36-39 - Php 20,000 tax
Person ages 40-45 - Php 25,000 tax
Person ages 46-50 - Php 18,000 tax
Person ages 51-55 - Php 15,000 tax
Person ages 56-60 - Php 12,000 tax
These are flat tax that each individual should pay. Every year. There could be an option on monthly payments and early payment discount.
If an individual wants to own a car here is the additional tax a year a person or business entity should pay
Automobiles worth 0-1,000,000
1 car - Php 10,000
2 Cars - Php 18,000
3 Cars - Php 26,400
4 Cars - Php 34,000
5 Cars - Php 40,000
6-infinity cars - each add 10,000 from the 40,000
Automobiles worth 1,000,001-2,000,000
1- Car - 20,000 tax
2 Cars 36,000 tax
3 Cars 52,800 tax
4 Cars 68,000 tax
5 Cars 80,000 tax
6- infinity every car add 20,000 from 80,000.
2,000,001 - 3,000,000
1 Car - 30,000 tax
2 Car - 52,800 tax
and so forth.....
As the example states that as one have more expenses they would need to pay more in taxes. In terms of economic stand point it would promotes saving but I would say it good. Government should also encourage growth by means of people spending. Lowering Taxes on certain industries would encourage people to spend on which industry per year. Now of Business Taxes, it would also be the same as taxes in individual. All businesses would need to pay a yearly tax to the government. They would also need requirements to be insured for fire and other acts of God.
Here is the basic Tax code for individual business. Regardless if they earn on the first year or not.
Year 1 - 50,000 a year
Year 2 75,000 a year
Year 3 - 100,000 a year
Year 4- on wards to infinity - Php 150,000
Now each business would have limitation base on business tax code.
If they want their business to own a place pay x amount of tax base on the square meter. The square meter would come from the title of the land from the city government records.
Now if the business wants to be listed on the stock exchange they would pay X amount a year additional from the individual business tax.
Any additional taxes will be base on the operation of the business. If the business wants to be in franchising hence they would add another fee.
Now farming and fishing are also businesses so they would also need to pay the net individual business tax. Now here are some bigger adds on utilities businesses. Like water electricity and transportation, banking as well. They would be in a higher tax code. Cause of monopoly. Now I will let the congress formulate a better tax flat tax cause they are smarter but the concept is all tax is categorized.
Here are the bread and butter of the tax code system that I proposed.
1. Any money that will go outside of the Philippines would have a limit and a rate and time constraint.
An entity will pay 20% of taxes of the total money sent. Limiting to 50,000 USD higher amount would correspond a higher rate. On a single send. An individual is limited to send a 1,000,000 USD per year Applies to Business only. 20,000 USD for individuals per year.
No tax will be collected. if the money is send to the Philippines.
Any person who buys the stocks in the Philippines Stock exchange would not need to pay a single tax.
All transaction on the SEC is monitored and carefully analyze.
Penalties
An individual that don't pay a year tax would need to spend a month in jail and 1,000 hours of community service. If upon capture he promise to pay thru a bank he would pay 5% percent penalty annually missed.
A person who payed a person a cheque and bounced, that person will be jailed per day the check is not payed to the payee.
My jail management would be easy they will all work for the government business free of labor in exchange of daily 3 meals. They will all be rate on their performance. Better performance they would be able to ask for parole.
Here are just some ideas that got me thinking.......
USD 10,000,000,000.00
My Check
Thursday, October 20, 2011
Today with Aniversary
Good day October 21, 2011,
It's been quite a while since my wife and I started our relationship then, my girl friend it was the same day, the year was 1998. I thank my wife for being able to love me and taking good care of me for all these years. I can't believe that time flies so fast.
I barely remember some minor sweet stuff but remember every bad memories all these years. It maybe the reason on why bad experiences make the best decisions in life. When your hurt the most about something that is the time you remember, I guess hardships and bad times are there to keep up on our toes. I personally can't remember any bad times with my wife. I can say that our relationship for the past 13 years was a breeze and it was fun.
Others experiences like life and family are quite the different. They tend to pissed me off and abuse every kindness I have. They tend to test every ounce of principle towards life. Family is such a group of people who take you for granted. They also do tend to let members that are ahead to wait for the ones who are left behind and when those who are left behind get ahead of you they would forget the times when you waited them.
That is why I always say family is such a drag and they just waste your energy and financially but emotionally they fills your tank and make you feel good sometime. So if you take my advise, don't bother to look back cause the best thing is to leave them behind and hope that when your far ahead you could see them trying to catch up and that is the time you could lend a hand. They might not accept it after all the things you done but always remember help them without them knowing.
Family is the only thing dragging one's financial freedom cause they don't have the similar goals that one could have. All bad experiences that one could have are the ones important enough to pull us through.
I love my wife and she is a part of my family. Everyone have their own goals and dreams. We all have different financial dreams and life situation but most of all we are all humans trying the best we can to survive. All that we experience regardless of good or bad are needed to make future good decisions or great decisions in life.
"Life is not playing a good hand, but it's playing a poor hand well"
It's been quite a while since my wife and I started our relationship then, my girl friend it was the same day, the year was 1998. I thank my wife for being able to love me and taking good care of me for all these years. I can't believe that time flies so fast.
I barely remember some minor sweet stuff but remember every bad memories all these years. It maybe the reason on why bad experiences make the best decisions in life. When your hurt the most about something that is the time you remember, I guess hardships and bad times are there to keep up on our toes. I personally can't remember any bad times with my wife. I can say that our relationship for the past 13 years was a breeze and it was fun.
Others experiences like life and family are quite the different. They tend to pissed me off and abuse every kindness I have. They tend to test every ounce of principle towards life. Family is such a group of people who take you for granted. They also do tend to let members that are ahead to wait for the ones who are left behind and when those who are left behind get ahead of you they would forget the times when you waited them.
That is why I always say family is such a drag and they just waste your energy and financially but emotionally they fills your tank and make you feel good sometime. So if you take my advise, don't bother to look back cause the best thing is to leave them behind and hope that when your far ahead you could see them trying to catch up and that is the time you could lend a hand. They might not accept it after all the things you done but always remember help them without them knowing.
Family is the only thing dragging one's financial freedom cause they don't have the similar goals that one could have. All bad experiences that one could have are the ones important enough to pull us through.
I love my wife and she is a part of my family. Everyone have their own goals and dreams. We all have different financial dreams and life situation but most of all we are all humans trying the best we can to survive. All that we experience regardless of good or bad are needed to make future good decisions or great decisions in life.
"Life is not playing a good hand, but it's playing a poor hand well"
Wednesday, October 19, 2011
Today with Greta
Good day October 20, 2011,
I like to thank today for an opportunity that presented to take out my position on the equities. Today I read some interesting blog about atheist and their perception on life.
Firstly I would like to state that I was brought up by a catholic family, studied at a Catholic School and acquired enough knowledge about Christianity. Here are things I find that are very interesting, religion regardless of what kind give people a sense of hope, they teach morales that hold ups to everything about their lives. I never say the morales thought are good but they seems to stick to the people until they die. Now to think of things atheism was probably found by a once religious person whose beliefs leads him to a higher understanding and created a new religion. I don't see that I am an atheist or a religion believer the only thing I know that all religions or faith have inconsistency that would be their loop holes. While science may be the new religion of a more intellectual beings.
I would like to tell you guys that what ever we believe or know is never going to be final cause we would still find new theories and new stuff about everything. The only thing we surely know is we don't really know anything. I believe there is a being that might've god or an alien but one thing is for sure we would need time to figure everything about our environment. It's never about who is correct it is how we respect others. We don't go by other people's house and tell themthey have an ugly decorated house its not polite. Politeness is thought by morales .
Hope that everyone would just get along.
I like to thank today for an opportunity that presented to take out my position on the equities. Today I read some interesting blog about atheist and their perception on life.
Firstly I would like to state that I was brought up by a catholic family, studied at a Catholic School and acquired enough knowledge about Christianity. Here are things I find that are very interesting, religion regardless of what kind give people a sense of hope, they teach morales that hold ups to everything about their lives. I never say the morales thought are good but they seems to stick to the people until they die. Now to think of things atheism was probably found by a once religious person whose beliefs leads him to a higher understanding and created a new religion. I don't see that I am an atheist or a religion believer the only thing I know that all religions or faith have inconsistency that would be their loop holes. While science may be the new religion of a more intellectual beings.
I would like to tell you guys that what ever we believe or know is never going to be final cause we would still find new theories and new stuff about everything. The only thing we surely know is we don't really know anything. I believe there is a being that might've god or an alien but one thing is for sure we would need time to figure everything about our environment. It's never about who is correct it is how we respect others. We don't go by other people's house and tell themthey have an ugly decorated house its not polite. Politeness is thought by morales .
Hope that everyone would just get along.
Today with dilemma
Good day October 19, 2011,
Did you know that I am thanking a lot of stuff and I should really feel better. Thank you for a very valuable time capsule 2T that I ask my brother to buy it for me. I really work the way I dream it would. Backing up my two Mac pro 15" with wifi hard disk to put my other media files. Today was kinda good and bad. Here is the good thing I got some work done like someone buying the sensor again. Even in a rainy day I got not bad of a sales. Now the bad part, moms acting up again she is insecure of her status that no one would listen to her. She keeps on imposing rules and regulation even without properly thinking of Te consequences and proclaim to the world that it was her plan. Its like tell them "I'm the bad person come and kill me". I told her that she once told me people tend not to obey or follow the rules and regulation. She wants to prove to me my way is wrong and I never argues with her and tell her ok. Now she wants my approval that her way is right. Now this is a different story, I absolutely agreeing on her ways on how to deal with the impending problem is not right. I would say do it your way and tell the world that it is her way not mine. Other people tend to choose my way cause it's more logical and easier to follow. It may be lenient but if I can't impose the punishment then it is quite useless for giving rules. It's just like the Philippine government creating a lot of rules and laws but when it comes in implementation they always bend their laws to fit a certain sector. It's all about money and power. The main reason why we make rules should be clear. I make rules so that everyone would see a organize operation and everyone would adhere to the rules and regulation impose and they would be the ones to implement it cause they understand what are the rules are for.
The second thing that pissed me off is that a customer of mine tried to manipulate me to lower my prices to fit their budget by telling wrong information of the item. I admit my heart was hurt cause I thought that we have come to conclusion that they would get the items from me when they needed it. Now their changing their words by telling me my product is expensive I told them its the best offer I can give if they don't want it they could get it from others then. Even in my heart I am going to let go a big sale cause it's big quantity. I know if I can't get the price I want then the deal would be a waste of my effort.
Now with that said, I will make my stand, my mother wants to deorganize which is pretty much organize, I ll let her but this time I will not let her get her way like the last time about borrowing money to renovate the house. About the customer, it's very clear I am a great negotiator and if they don't want my terms and conditions he is welcome to look for a others imaginary deal that would get him that price with a 3 years warranty.
All in all people would like to bend my will but my will is never bend cause I am Jhester Wong, CentillionaireGenius the best investor in the world.
Did you know that I am thanking a lot of stuff and I should really feel better. Thank you for a very valuable time capsule 2T that I ask my brother to buy it for me. I really work the way I dream it would. Backing up my two Mac pro 15" with wifi hard disk to put my other media files. Today was kinda good and bad. Here is the good thing I got some work done like someone buying the sensor again. Even in a rainy day I got not bad of a sales. Now the bad part, moms acting up again she is insecure of her status that no one would listen to her. She keeps on imposing rules and regulation even without properly thinking of Te consequences and proclaim to the world that it was her plan. Its like tell them "I'm the bad person come and kill me". I told her that she once told me people tend not to obey or follow the rules and regulation. She wants to prove to me my way is wrong and I never argues with her and tell her ok. Now she wants my approval that her way is right. Now this is a different story, I absolutely agreeing on her ways on how to deal with the impending problem is not right. I would say do it your way and tell the world that it is her way not mine. Other people tend to choose my way cause it's more logical and easier to follow. It may be lenient but if I can't impose the punishment then it is quite useless for giving rules. It's just like the Philippine government creating a lot of rules and laws but when it comes in implementation they always bend their laws to fit a certain sector. It's all about money and power. The main reason why we make rules should be clear. I make rules so that everyone would see a organize operation and everyone would adhere to the rules and regulation impose and they would be the ones to implement it cause they understand what are the rules are for.
The second thing that pissed me off is that a customer of mine tried to manipulate me to lower my prices to fit their budget by telling wrong information of the item. I admit my heart was hurt cause I thought that we have come to conclusion that they would get the items from me when they needed it. Now their changing their words by telling me my product is expensive I told them its the best offer I can give if they don't want it they could get it from others then. Even in my heart I am going to let go a big sale cause it's big quantity. I know if I can't get the price I want then the deal would be a waste of my effort.
Now with that said, I will make my stand, my mother wants to deorganize which is pretty much organize, I ll let her but this time I will not let her get her way like the last time about borrowing money to renovate the house. About the customer, it's very clear I am a great negotiator and if they don't want my terms and conditions he is welcome to look for a others imaginary deal that would get him that price with a 3 years warranty.
All in all people would like to bend my will but my will is never bend cause I am Jhester Wong, CentillionaireGenius the best investor in the world.
Monday, October 17, 2011
Today with Wild
Good day October 18, 2011,
Thank you for my material things cause I still have a lot. Last two weeks my grandmother's maid pet cat gave birth to 5 kittens, apparently a group of cats is called clowder. Watching Sheldon Cooper defining it make me smile all the time. Today I got news that there were only 3 kittens left. Apparently one kitten was eaten by a hungry stray cat and the other one die due to the injuries obtain from the attack. I wonder if their mother felt anything cause looking at them I see that she was still sleeping by her kittens like nothing happens. If it happened to a human, it would probably trigger a life long struggle to accept the fact that his/her children pass away.
Humans tend have a hard time letting go of certain good stuff in their lives and always thinking what if. I would say I am one of them. Currently the car shop called and told me the total damage from the flood is 45k pesos. I would say its too much. I really can't accept the fact that I would spend my hard earn money in repairing my car which was damage caused by acts of Gods. That's life I say, need to play better in poker and hoping the road would shine at the end.
Wild things come and go, it how we deal with the ups and down of the market make me wanna go to a place where everything I want happens and everything I asked is given to me.
Thank you for my material things cause I still have a lot. Last two weeks my grandmother's maid pet cat gave birth to 5 kittens, apparently a group of cats is called clowder. Watching Sheldon Cooper defining it make me smile all the time. Today I got news that there were only 3 kittens left. Apparently one kitten was eaten by a hungry stray cat and the other one die due to the injuries obtain from the attack. I wonder if their mother felt anything cause looking at them I see that she was still sleeping by her kittens like nothing happens. If it happened to a human, it would probably trigger a life long struggle to accept the fact that his/her children pass away.
Humans tend have a hard time letting go of certain good stuff in their lives and always thinking what if. I would say I am one of them. Currently the car shop called and told me the total damage from the flood is 45k pesos. I would say its too much. I really can't accept the fact that I would spend my hard earn money in repairing my car which was damage caused by acts of Gods. That's life I say, need to play better in poker and hoping the road would shine at the end.
Wild things come and go, it how we deal with the ups and down of the market make me wanna go to a place where everything I want happens and everything I asked is given to me.
Today with Chapter
Good day October 17, 2011,
Thank you for a nice day, I am glad that I have enough capital to earn 10 billion dollars. Even though others might have a faster time to earn it but I may say this way means a lot more. My friend decided a chapter in his life and her life to try to live in other place that might be good for their future. They have some dilemma of reputation over future. My take is always look forward and see it as an experience. This might be best for them cause it's the obvious path to take. Loving someone need a jump of faith while planning for a future needs certainty. Poker and life is the same, in poker you must be sure while life you need to explore. That's why I have decided that I will be a professional Poker player before I am 30 years of age.
It's quite late but like I always say better late than never. I am really happy if they push thru with their plan. They would not be role playing but it would be real. That should spice things up for them. I really hope they would do family planning. It's the best thing having a child but being prepare is what the child needs.
I am working towards my goal regardless of what others might think.
Thank you for a nice day, I am glad that I have enough capital to earn 10 billion dollars. Even though others might have a faster time to earn it but I may say this way means a lot more. My friend decided a chapter in his life and her life to try to live in other place that might be good for their future. They have some dilemma of reputation over future. My take is always look forward and see it as an experience. This might be best for them cause it's the obvious path to take. Loving someone need a jump of faith while planning for a future needs certainty. Poker and life is the same, in poker you must be sure while life you need to explore. That's why I have decided that I will be a professional Poker player before I am 30 years of age.
It's quite late but like I always say better late than never. I am really happy if they push thru with their plan. They would not be role playing but it would be real. That should spice things up for them. I really hope they would do family planning. It's the best thing having a child but being prepare is what the child needs.
I am working towards my goal regardless of what others might think.
Sunday, October 16, 2011
Today with Profesion
Good day October 16, 2011,
You know that today was a nice humbling experience for me. I thank you for the experience of able to join a satellite poker game. It made me realize more that I love to play professional poker for life. I played very badly but it got me thinking that it's my mistake on everything I do. I often rushed things and don't analyze enough to have an advantage.
Poker is simple decision game. The math is more likely to give you more time to think. Now with the experience we have I would consider it good enough to be a pro by the future. I love the thrill and the cash income involve. I really hope that I could be able to master the game and win lots of poker tourney and earn a living and be very very best player in poker.
Wish me luck!!!
You know that today was a nice humbling experience for me. I thank you for the experience of able to join a satellite poker game. It made me realize more that I love to play professional poker for life. I played very badly but it got me thinking that it's my mistake on everything I do. I often rushed things and don't analyze enough to have an advantage.
Poker is simple decision game. The math is more likely to give you more time to think. Now with the experience we have I would consider it good enough to be a pro by the future. I love the thrill and the cash income involve. I really hope that I could be able to master the game and win lots of poker tourney and earn a living and be very very best player in poker.
Wish me luck!!!
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