WINNIE MONSOD- IMPOSSIBLENG MANGYARI!! EARNING ONLY P720,0000 SALARY PER YEAR, GLORIA ARROYO’S NET WORTH ZOOMED TO P144.5 MILLION. HOW DID SHE DO THAT? WHAT DO YOU THINK? blogs.gmanews.tv Weeks after the PCIJ report on the President’s Statement of Assets, Liabilities, and Net Worth came out, the President still has not explained, as she must, why her net worth has more than doubled between 2000 and 2008 from P61.9 million to P144.5 million. Certainly her salary as President, which is P60,000 a month or P720,000 a year, cannot justify such an increase. One should also eliminate from the equation possible gains from stock market trading because unless she or her stockbroker are trading geniuses, making the kind of killing she would have to make to justify her net worth increases would be very improbable because of the stock market decline in 2008. Thus, she would have to show very large increases in her other income which would be most naturally attributed to the income of her spouse. This, she still has not done. Actually the Philippines has very strict laws that if implemented properly, would show unexplained wealth and possible graft and corrupt practices by government officials right away. Our 1987 Constitution mandates it. And previous to that, there is RA 1379, passed way back in 1955, which provides that… Whenever any public officer or employee has acquired during his incumbency an amount of property which is manifestly out of prop [...read more]

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