when Malacanang (via Lacierda) invokes the fact that PNoy’s family only has 1% of Hacienda Luisita, what does that mean?
1% of 6443 hectares = 64.43 hectares of land.
what is 64.43 hectares of land?
Intramuros is 64 hectares.
SM Mall of Asia is only 42 hectares
The La Mesa Eco Park is 33 hectares (extraneous to the watershed and forest)
The Heritage Park in Taguig (we’re talking the cemetery) is 76 hectares
Ateneo de Manila University is 83 hectares
1%? STOP USING IT TO EXPLAIN AWAY FEUDALISM.
PS: according to the Supreme Court decision, the Cojuangcos earned a total amount of PhP 1,330,511,500 from selling land.
1% of that is 13,305,115. that’s 13 MILLION, 305 THOUSAND, 115 PESOS. let us not kid ourselves about that 1%.
Owning 50 hectares means that you are a big landlord. A feudal lord. Ha! Indeed, they should stop reducing it to figures to explain away the feudalism. :)