Free money, please tell me where this place is?
My definition of free money as it pertains to this dicussion: Wealth injected into an economy not generated by that economy nor by the people who benefit from or live within the economy.
A friend owns and operates a project management company in Chicago and has a condo here in Belize. She spends up to six months here.
This is a different scenario than the one I described. Here you are talking about a self employed business owner who is operating her business from belize. I'm talking about employees of another company who can and do work from anywhere, including Belize. Their employer may not even know where they are at any point in time.
You simply can not just plot yourself on the island and claim, "Here I am you lucky devils!". This is 1) illegal and 2) very disrespectful.
How is dropping excessive amounts of foreign generated money into a local economy disrespectful???