Originally Posted by baboyako
Well i guess you could say if enough people "invested" by employing people in phill then the extra money in the system would give the phill ecomony a boost. The money filters to the goverment as more evat is paid, on goods bought. If you employed four people on decent wages you have possibly freed up four jobs and they are likely to spend money which goes to the phill ecomony. If just 4 or 5 thousand investors like that did the same you would have 16 to 20 thousand more jobs in the phillpines directly plus many others possible indirectly. Plus 320,000 to 400,000 pounds more in the ecomony each month.
I think many on here only think from the Brit phill couple prespective i was just thinking non phill people in general.
If a couple who had a decent amount in the bank wanted to retire somewhere you might say why not try the Phillipines? Its cheap to live, english is spoken, pretty good links with the Uk, hong kong etc. You can get your state pension paid out there and keep your money in the bank.
They say great where can we buy a place? oh you can't, apart from a condo. Oh maybe not then.
If a investor wanted to open a factory possibly employing thousands but due to the fact they are careful with there money(as most super rich people are) and knowing they are working in a country where the laws are differnt they wanted to own the facotory outright and there house as well.
In the phillpines they would say yes invest your money here we have a great flexible workforce, labour is cheap etc. But oh by the way you can't own anything here. I don't think i would bother.
Why would anyone(whose non phill) at any level invest in phill if they are so anti anyone owning anything there. The only people that benefits is the ruling class as they know if people became more affulent they would question things more.
