Friday, 03 September 2010
| Top bets for President grow wealth despite poll expenses |
|
|
|
| by Malou Mangahas/Philippine Center for Investigative Journalism | |
| Monday, 08 February 2010 14:44 | |
|
A BILLIONAIRE and four other millionaires lead the pack of those who want to serve as the15th president of the Philippines, all invariably swearing by an anti-poverty platform, and with some purposely harking on their poverty roots to spin and curry favor with majority of voters who are poor.
The costs and benefits of running and serving as president are a skewed equation. Various election and policy experts say that to run a decent campaign and win, a presidential candidate might have to fork out sums running from P2 billion to P6 billion. And yet the new president, if he keeps honest, would earn only P60,000 a month or at most P4.68 million in six years, before tax. The total six-year income for the new president would add up to just P3.18 million, after tax. More Share this story through the following Social Media sites:            |
