Rastas sell weed as well as smoke. Anyone who doesn't admit this is fooling themselves. Legalization would dry up their market so they only want it legalized for themselves. In Colombia, Pharmacielo produces high quality, GMP certified cannabis, for 2 cents per gram; 2 cents per gram. So just legalize it, import it, and save everyone money. Enough nonsense with religion and medicine; this is all recreational and that is the truth.
Yes, The Bahamas doesn't depend on anyone! Stick to that myth my friend. The pandemic has made it plainly clear how dependent we are on foreigners broadly, and Americans in particular.
The last paragraph is interesting as i see many commenters here support Bahamian owned, under funded enterprises, run by unproven people, over well financed foreign companies run by experts with deep experience. The PI lighthouse project is a classic. A paltry $2MM investment that everyone knows will not be sufficient to do anything, is being put forward by an unproven businessman and supported by nationalistic zealots. But alas, the great myth that there is a Bahamian that can do everything, persists. Talk about kidding yourselves.
The magnitude of the problem escapes most Bahamians as they try to search for loopholes, scapegoats, quick fixes, and foreigners to tax. None of the ideas mentioned here generate enough revenue to fix the problem; that's reality.
There is an inverse relationship between the price of real estate and the cost of maintenance. Taxing foreign owned properties for and extra billion a year on top of disaster insurance would cause a drop in prices and ownership. The Bahamas will, over time, become an AirBNB location where owning a private property will only make sense for a few.
Let's review your simple explanation in paragraph 2 of your letter. If i save 24 cents in VAT on the corned beef and spend it elsewhere, I will pay 12% of the 24 cents in VAT on my additional purchase. That's 2.6 cents of the 24. How is that paying all my savings in VAT? The VAT "holidays" do save money. Also, consumption taxes are 70% of revenue because there is no income tax, not because the VAT is higher than elsewhere. The "solution" to the outsize percentage you indicate is to install an income tax, thus bringing the ratio in to alignment with other Nations.
C2B says...
He was at the bar working on 14!
On Father with 13 children shot dead inside bar
Posted 14 June 2021, 12:28 p.m. Suggest removal
C2B says...
What complete nonsense.
On SHOOTOUT: Officers strike to take out gunman after he opened fire on them
Posted 13 June 2021, 11:06 a.m. Suggest removal
C2B says...
Rastas sell weed as well as smoke. Anyone who doesn't admit this is fooling themselves. Legalization would dry up their market so they only want it legalized for themselves. In Colombia, Pharmacielo produces high quality, GMP certified cannabis, for 2 cents per gram; 2 cents per gram. So just legalize it, import it, and save everyone money. Enough nonsense with religion and medicine; this is all recreational and that is the truth.
On A COMIC'S VIEW: Disappointed with govt over Bill on marijuana
Posted 12 June 2021, 1:35 p.m. Suggest removal
C2B says...
Yes, The Bahamas doesn't depend on anyone! Stick to that myth my friend. The pandemic has made it plainly clear how dependent we are on foreigners broadly, and Americans in particular.
On ‘Stop crying as if we are the victim’
Posted 11 June 2021, 2:43 p.m. Suggest removal
C2B says...
The last paragraph is interesting as i see many commenters here support Bahamian owned, under funded enterprises, run by unproven people, over well financed foreign companies run by experts with deep experience.
The PI lighthouse project is a classic. A paltry $2MM investment that everyone knows will not be sufficient to do anything, is being put forward by an unproven businessman and supported by nationalistic zealots. But alas, the great myth that there is a Bahamian that can do everything, persists. Talk about kidding yourselves.
On $2bn pension liability ‘blows everything up’
Posted 11 June 2021, 8:44 a.m. Suggest removal
C2B says...
As with all Charities; they begin at home.
On Black Lives Matter ‘hypocrites’
Posted 10 June 2021, 12:49 p.m. Suggest removal
C2B says...
The magnitude of the problem escapes most Bahamians as they try to search for loopholes, scapegoats, quick fixes, and foreigners to tax. None of the ideas mentioned here generate enough revenue to fix the problem; that's reality.
On FACTS ON DEBT: Sands warns painful tax reforms can no longer be avoided
Posted 10 June 2021, 12:41 p.m. Suggest removal
C2B says...
There is an inverse relationship between the price of real estate and the cost of maintenance. Taxing foreign owned properties for and extra billion a year on top of disaster insurance would cause a drop in prices and ownership. The Bahamas will, over time, become an AirBNB location where owning a private property will only make sense for a few.
On FACTS ON DEBT: Sands warns painful tax reforms can no longer be avoided
Posted 10 June 2021, 12:32 p.m. Suggest removal
C2B says...
"I have a whole lot more to say...." Please go ahead. We are all eager to hear more jokes, superstition, and nonsense; it's really quite comical.
On Moultrie slams disrespect from ‘atheist’
Posted 9 June 2021, 2:59 p.m. Suggest removal
C2B says...
Let's review your simple explanation in paragraph 2 of your letter. If i save 24 cents in VAT on the corned beef and spend it elsewhere, I will pay 12% of the 24 cents in VAT on my additional purchase. That's 2.6 cents of the 24. How is that paying all my savings in VAT? The VAT "holidays" do save money.
Also, consumption taxes are 70% of revenue because there is no income tax, not because the VAT is higher than elsewhere. The "solution" to the outsize percentage you indicate is to install an income tax, thus bringing the ratio in to alignment with other Nations.
On Exemptions are a cruel gimmick
Posted 7 June 2021, 5:52 p.m. Suggest removal