I will donate $ 1 million each person

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Hi you heard or you read it right yes I will gave donate 1 million to each person in Philippines but there's a catch If I will become the president of the Philippine it's NOT 1 million $ usd which is equal to 50 million pesos Only 1 million pesos each year until you reach 70 years old so you could bag a total of 70 million PESOS if you will still Alived at 70