Just woke up and saw this chaos on philippines.
New law has passed and they are putting 20% withholding tax on passive income, including your savings account interest.
So let me get this straight…
➠ Banks give us 3% max
➠ Gov’t takes 20% of that
➠ we literally end up with crumbs
Meanwhile, the finance dept celebrates a ₱25B revenue boost by squeezing everyday savers.
Nah. I’m out.
That’s why I already shifted to @soil_farmz it's a legally compliant DeFi protocol backed by real-world assets, offering:
☑️ Steady, stable, and secure 7% APY
☑️ Transparent, on-chain infrastructure
☑️ Yield from actual cash-flowing loans
☑️ No middlemen. Not promised yield
It’s time to rethink where we park our money. We deserve better than 3% minus tax. We deserve $SOIL.