Awesome! Great work! Let's assist the movement of bringing change. It's high time the politicians who believe becoming elected is a "license to steal" are erased off our Bahamas map.
I ask that everyone that reads this message write an email to the Organisation of American States and inform them of how corrupt our Bahamian Government is. It seems that the Government is very good at covering up in front of these organisations. Write them and inform them of: 1. No Freedom of Information Act; 2. The breaking of a legally constituted Referendum; 3. The wasted funds on the road projects and BAMSI; 4. The selling of the majority ownership in BTC, a billion dollar company, for 80 million dollars and payment of finders fees; 5. The refusal to reveal the PM's findings on the MP that signed a letter of intent without the approval of Cabinet; 6. Non existent campaign finance laws that allowed numbers men to buy out the Government; 7. The conflict of interest of having the head of BEC owe hundreds of thousands of unpaid electricity bills. We Bahamians must be saved from the gross tyranny that is both the PLP and FNM governments. Both governments have loaded the people's money into their own pockets. Only external forces can save us and hold accountable those crooks that inhabit our highest offices.
I'm writing to ask a question. Please answer. I want to know why Mr. Minnis has to beg the Government of The Bahamas for an audit of BAMSI. Is it not standard practice for each member of parliament (both PLPs and FNMs) to automatically be provided with a breakdown of the funds spent on any given project. If not, this is (bleeping) crazy and us Bahamians deserve to be (bleeping) (bleeped). Do you mean to tell me, a cheque for 50 million dollars is written by the PLP Government and they are not held accountable for the manner in which it is spent? Are there no checks and balances in our governmental system? If not, we must be the craziest (bleeping) people on the (bleeping) planet. Please enlighten me.
Your logic is tainted as applied to The Bahamas. The only thing I can tell you is wait and see -- Bahamians will not experience drastically reduced cellular prices, because these only occur in economies of scale. Yes, money will flow -- into the pockets of a few rich shareholders. I, for one, would rather those pockets belong to every Bahamian on this hot, itchy little island of ours. You cannot have your cake and eat it too. You cannot have zero income tax and zero assets in The Bahamian Government's purse. It may be uncomfortable to your ideology for the Government to have a cellular monopoly, but this is a necessary evil if you want to have no income tax. The truth be told, the only reason anybody was messing with BTC was because it was sweet. She was a beautiful $40 million a year darling. So every dirty hand was grabbing at her: lusty as a dog outside a butcher shop. Why not spend the same energy on some ugly companies like BEC, Water and Sewerage etc. Nobody was interested. They all wanted a piece of that Bahamian treasure that was BTC.
The Bahamas should never have privatized its telecommunications sector, because it was a cash cow and the only bread winner it had (other than the two other dead horses, tourism and financial services). The problem with intellectuals is that they often adjudge situations based on their comparative analysis of other situations. The problem offered by The Bahamas as a point of comparison is there aren't any comparisons. We have zero income taxes. We have 300,000 people. We have zero natural resources to speak of. Given the above points of peculiarity, it is a grievous misjudgment to compare us to other market economies where telecommunications are liberated. This grave mistake is made because we reside so close to the United States, and it's easy to get caught up in the glorious capitalism of our peer. The truth be told, telecommunications was the only game in town for The Bahamas. It is now gone, so there is no game in town and likely wont be for a very long time. You can't have your cake and eat it too. I'd agree with privatization, if we had a population of a million or so, had income taxes and were pumping barrels of oil out of the ground. Given our situation, it was ill advised to privatize the one asset we possessed and pretend we would still have the ability to provide for our citizens. Now they're talking about reducing the deficit. With what? We could have leveraged the cellular monopoly and provided for our 300,000 for decades to come. Now we'll likely go broke. So, you get your privatized telecom and a bankrupt nation to go with it. Enjoy. Had I been in charge, I would have nationalized the Port too!
The Bahamas should never have privatized its telecommunications sector, because it was a cash cow and the only bread winner it had (other than the two other dead horses, tourism and financial services). The problem with intellectuals is that they often adjudge situations based on their comparative analysis of other situations. The problem offered by The Bahamas as a point of comparison is there aren't any comparisons. We have zero income taxes. We have 300,000 people. We have zero natural resources to speak of. Given the above points of peculiarity, it is a grievous misjudgment to compare us to other market economies where telecommunications are liberated. This grave mistake is made because we reside so close to the United States, and it's easy to get caught up in the glorious capitalism of our peer.
The truth be told, telecommunications was the only game in town for The Bahamas. It is now gone, so there is no game in town and likely wont be for a very long time. You can't have your cake and eat it too. I'd agree with privatization, if we had a population of a million or so, had income taxes and were pumping barrels of oil out of the ground. Given our situation, it was ill advised to privatize the one asset we possessed and pretend we would still have the ability to provide for our citizens.
Now they're talking about reducing the deficit. With what? We could have leveraged the cellular monopoly and provided for our 300,000 for decades to come. Now we'll likely go broke. So, you get your privatized telecom and a bankrupt nation to go with it. Enjoy. Had I been in charge, I would have nationalized the Port too!
BahamaPundit says...
Awesome! Great work! Let's assist the movement of bringing change. It's high time the politicians who believe becoming elected is a "license to steal" are erased off our Bahamas map.
On Anti-corruption investigators to examine the Bahamian economy
Posted 17 September 2014, 8:04 p.m. Suggest removal
BahamaPundit says...
I ask that everyone that reads this message write an email to the Organisation of American States and inform them of how corrupt our Bahamian Government is. It seems that the Government is very good at covering up in front of these organisations. Write them and inform them of:
1. No Freedom of Information Act;
2. The breaking of a legally constituted Referendum;
3. The wasted funds on the road projects and BAMSI;
4. The selling of the majority ownership in BTC, a billion dollar company, for 80 million dollars and payment of finders fees;
5. The refusal to reveal the PM's findings on the MP that signed a letter of intent without the approval of Cabinet;
6. Non existent campaign finance laws that allowed numbers men to buy out the Government;
7. The conflict of interest of having the head of BEC owe hundreds of thousands of unpaid electricity bills.
We Bahamians must be saved from the gross tyranny that is both the PLP and FNM governments. Both governments have loaded the people's money into their own pockets. Only external forces can save us and hold accountable those crooks that inhabit our highest offices.
On Anti-corruption investigators to examine the Bahamian economy
Posted 16 September 2014, 9:09 p.m. Suggest removal
BahamaPundit says...
That looks, at most, around 2 to 3 million worth of work.
On Minnis demands audit of BAMSI
Posted 11 September 2014, 7:21 p.m. Suggest removal
BahamaPundit says...
I'm writing to ask a question. Please answer. I want to know why Mr. Minnis has to beg the Government of The Bahamas for an audit of BAMSI. Is it not standard practice for each member of parliament (both PLPs and FNMs) to automatically be provided with a breakdown of the funds spent on any given project. If not, this is (bleeping) crazy and us Bahamians deserve to be (bleeping) (bleeped). Do you mean to tell me, a cheque for 50 million dollars is written by the PLP Government and they are not held accountable for the manner in which it is spent? Are there no checks and balances in our governmental system? If not, we must be the craziest (bleeping) people on the (bleeping) planet. Please enlighten me.
On Minnis demands audit of BAMSI
Posted 10 September 2014, 6:05 p.m. Suggest removal
BahamaPundit says...
Your logic is tainted as applied to The Bahamas. The only thing I can tell you is wait and see -- Bahamians will not experience drastically reduced cellular prices, because these only occur in economies of scale. Yes, money will flow -- into the pockets of a few rich shareholders. I, for one, would rather those pockets belong to every Bahamian on this hot, itchy little island of ours. You cannot have your cake and eat it too. You cannot have zero income tax and zero assets in The Bahamian Government's purse. It may be uncomfortable to your ideology for the Government to have a cellular monopoly, but this is a necessary evil if you want to have no income tax. The truth be told, the only reason anybody was messing with BTC was because it was sweet. She was a beautiful $40 million a year darling. So every dirty hand was grabbing at her: lusty as a dog outside a butcher shop. Why not spend the same energy on some ugly companies like BEC, Water and Sewerage etc. Nobody was interested. They all wanted a piece of that Bahamian treasure that was BTC.
On Attempts to reclaim BTC are a monumental waste
Posted 28 June 2012, 10:12 p.m. Suggest removal
BahamaPundit says...
The Bahamas should never have privatized its telecommunications sector, because it was a cash cow and the only bread winner it had (other than the two other dead horses, tourism and financial services). The problem with intellectuals is that they often adjudge situations based on their comparative analysis of other situations. The problem offered by The Bahamas as a point of comparison is there aren't any comparisons. We have zero income taxes. We have 300,000 people. We have zero natural resources to speak of. Given the above points of peculiarity, it is a grievous misjudgment to compare us to other market economies where telecommunications are liberated. This grave mistake is made because we reside so close to the United States, and it's easy to get caught up in the glorious capitalism of our peer.
The truth be told, telecommunications was the only game in town for The Bahamas. It is now gone, so there is no game in town and likely wont be for a very long time. You can't have your cake and eat it too. I'd agree with privatization, if we had a population of a million or so, had income taxes and were pumping barrels of oil out of the ground. Given our situation, it was ill advised to privatize the one asset we possessed and pretend we would still have the ability to provide for our citizens.
Now they're talking about reducing the deficit. With what? We could have leveraged the cellular monopoly and provided for our 300,000 for decades to come. Now we'll likely go broke. So, you get your privatized telecom and a bankrupt nation to go with it. Enjoy. Had I been in charge, I would have nationalized the Port too!
On Attempts to reclaim BTC are a monumental waste
Posted 28 June 2012, 1:26 a.m. Suggest removal
BahamaPundit says...
The Bahamas should never have privatized its telecommunications sector, because it was a cash cow and the only bread winner it had (other than the two other dead horses, tourism and financial services). The problem with intellectuals is that they often adjudge situations based on their comparative analysis of other situations. The problem offered by The Bahamas as a point of comparison is there aren't any comparisons. We have zero income taxes. We have 300,000 people. We have zero natural resources to speak of. Given the above points of peculiarity, it is a grievous misjudgment to compare us to other market economies where telecommunications are liberated. This grave mistake is made because we reside so close to the United States, and it's easy to get caught up in the glorious capitalism of our peer.
The truth be told, telecommunications was the only game in town for The Bahamas. It is now gone, so there is no game in town and likely wont be for a very long time. You can't have your cake and eat it too. I'd agree with privatization, if we had a population of a million or so, had income taxes and were pumping barrels of oil out of the ground. Given our situation, it was ill advised to privatize the one asset we possessed and pretend we would still have the ability to provide for our citizens.
Now they're talking about reducing the deficit. With what? We could have leveraged the cellular monopoly and provided for our 300,000 for decades to come. Now we'll likely go broke. So, you get your privatized telecom and a bankrupt nation to go with it. Enjoy. Had I been in charge, I would have nationalized the Port too!
On BahamaPundit
Posted 28 June 2012, 1:24 a.m. Suggest removal