Summary

Portrait of Fidel V. Ramos Fidel V. Ramos Second State of the Nation Address

Only then can we make economic growth meaningful to the masses of our people. We are at a critical hour in our life as a nation. Depending on how we act, our country shall either prosper or falter. Depending on how well we match our words with deeds, our nation shall enter into its second century dragged down by crisis and factionalism -- or raised by achievement and pride. Our history teaches us that the exercise of power must be guided by principle. For power exercised without principle is ruthless, and principle without the exercise of power cannot move our nation forward.
Source: Wikisource

Portrait of Fidel V. Ramos Fidel V. Ramos Second State of the Nation Address

I therefore ask the support of Congress for a new revenue package for urgent enactment. This will widen the tax base and rationalize the existing structure. Reforms in tax administration must aim to achieve simplicity, uniformity, and efficiency. This is the best way to arrest the present epidemic of tax avoidance and evasion. Growth cannot take place without some sacrifice from everyone of us. But let us agree that the tax burden must fall heaviest on those who can best bear it. But we must not tax at levels that will become a drag on the economy.
Source: Wikisource

Portrait of Fidel V. Ramos Fidel V. Ramos Second State of the Nation Address

Development is impossible if it is not people-powered and people-centered. Whenever foreign observers look at our country, their principal wonder is how we have managed to languish in underdevelopment in spite of our tremendous human resources -- especially our labor force -- their literacy, their competence, their resourcefulness, their high sense of moral values. It is time we fully harnessed this precious asset to bring about greater productivity and social cohesion.
We have embarked on a clear population policy that recognizes the need to moderate our population growth rate.
Source: Wikisource

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