The philippines: the worst rich-poor divide in Asia

Mar 13, 2013 Full story: The Nation

The situation where a big chunk of the Philippines' wealth is controlled by a few is typical in poor and developing countries that embrace the capitalist system.

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idiots united

Saint Paul, MN

#1 Mar 13, 2013
Only 1 % controlls the wealth of USA and those who does hardly work up a sweat to make their millions and billions. Those better than expected earnings sure goes a long way to justify pumping wall street. The rest have better be on their toe to meet their financial sdurvival. Run don run!
Jay Wallace

Quezon City, Philippines

#2 Mar 13, 2013
your wrong 1% are the wealthiest and also pay the most tax, anyone can be a millionaire in the USA, hard work and investment, save $30 a week and invest it, in 40 years you will be a millionaire simple, most people won't do it they need Iphone and other bull than they complane the 1% has all the money
crystal

Burnaby, Canada

#3 Mar 14, 2013
Jay Wallace wrote:
your wrong 1% are the wealthiest and also pay the most tax, anyone can be a millionaire in the USA, hard work and investment, save $30 a week and invest it, in 40 years you will be a millionaire simple, most people won't do it they need Iphone and other bull than they complane the 1% has all the money
You have to start saving or invest at the very young age like first salary of your first job. because if you start putting or saving late, you will not have enough time to make more money. That's why I encourage all my generations to start saving early but what did they do with their money , they buy nice dress, go party, presents for every friends, they wasted it but i have other friends that she has a savings of almost 200,00 dollars but she start at the age of 31 because she had a bad marriage. her Filipino husband took all her money from her hard-earned money. But now she recovered. I told her to put more in savings, bonds, RRSP and etc.( I'm her mentor when it comes to Financial)

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