Quote:
Originally Posted by xoxoxoBruce
But isn't the average income for Manila about $2,000?
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These properties are for the very rich here. Foreigners that have moved here for business or have retired here or maybe just have a condo here but only spend a few months total here each year.
Phil-Americans are sending money back here in record numbers, as high as $12B from one source.
The trouble here is that there is a very slim middle class. What does it take to grow the middle class?
I'm listening because that's precisely what is needed here. My BIL says that a civil war is what's needed here. To redistribute the cash and to grow a middle class.
I don't know the how I just know the what.