Pacquiao turned pro too soon to represent the country in the Olympics which fields amateur boxers only. Our two Olympic silver medals came from our boxers, Anthony Villanueva (1964) and Mansueto Velasco (1996). But can you blame the guy? Amateur boxing pays peanuts. Representing this country pays noodles.
So why do we bother to send athletes to the Olympics when we don't give them ALL the support they need to prepare and win? What is the use of the Philippine Olympic Committee when it cannot defend its objectives to the government to give them decent financial resources?
Derek Ramsay who was sent by TV5 to cover London Olympics must have been paid more than the athletes we sent to represent the country. The media men and women sent by giant TV networks must have received more decent allowances.
Seriously, does a country need to be rich to win gold?
Current Medal Standing (as of 31 July):
Kazakhstan has just received its independence in 1991 from the Soviet Union, and has 16.6 million population (2011). In 2006, the personal income tax in Kazakhstan was reduced from 30% in 2003 to a flat rate of 5% for personal income in the form of dividends and 10% for other personal income. Kazakhstan suffered a budget deficit level of 3.5% of GDP in 1999 to a deficit of 1.2% of GDP in 2003. Government revenues grew from 19.8% of GDP in 1999 to 22.6% of GDP in 2001, but decreased to 16.2% of GDP in 2003. In 2000, Kazakhstan adopted a new tax code in an effort to consolidate these gains. According to the 2010-2011 World Economic Forum in Global Competitiveness Report, Kazakhstan is ranked 72nd in the world in economic competitiveness. (Wikipedia)
And they already have 2 golds week one of the London Olympics.
Lesson: Let's fix our country. When done, let's send athletes to the Olympics.