Comment history

Economist says...

Extra cost out the gate. $200+ million borrowed at 5% is an extra $10+ million per year just on interest alone.

On Govt buys GB Power - promises 37% cut

Posted 6 May 2026, 11:22 a.m. Suggest removal

Economist says...

And your taxes will be raised to pay for it. I guess that you are looking forward to RPT, Corporate income tax. And yes, the Corporate income tax will be passed on to you.

You will pay and more as no government runs business efficiently as they can always get the extra money from You, the tax payer.

On Govt buys GB Power - promises 37% cut

Posted 6 May 2026, 11:19 a.m. Suggest removal

Economist says...

This will only add additional debt to all tax payers. The only way to reduce the cost will be for the tax payers to subsidize.

Another drag on the Bahamian economy.

There is absolutely no economic reason to do this. Indeed, it is economically a very bad move.

On Govt buys GB Power - promises 37% cut

Posted 6 May 2026, 11:15 a.m. Suggest removal

Economist says...

Rat Pack - Not Cary Grant. Peter Lawford or Joey Bishop maybe.

Economist says...

This is not good.

There is nothing here for local business owners.

Where are the hotel rooms? We have no tourist product to support the island.

We once had 4 golf courses and thousands of hotel rooms. Guests that dined out, used taxis, took local tours, gambled in our casinos, and bought clothes, jewelry, watches etc. in our local shops. Even the landlords were local owners. The profits stayed in The Bahamas.

Trust the government to abandon the Grand Bahama economy for some low paying jobs.

The only winners are the cruise lines as the profits are all controlled by two or three large companies, rents, and all opportunities for locals are limited and controlled by the cruise lines.

Profits leave the country. This is not good for Grand Bahama.

Economist says...

Very well said.

I hope that your message will get through.

In general Bahamians don't want face enlightenment. They would then have to do something out of the box.

Economist says...

"Border enforcement features heavily in the document. The party proposes a “sea wall” using marine assets, drones, radar support and rapid-response teams deployed east and west of Inagua to intercept vessels suspected of carrying migrants."

Do this and you can solve the rest at a reasoned pace.

As long as people can easily enter the country, as they can and do now, refusing naturalization will get you no where.

Besides naturalization, given to the right people, benefits this country.

Economist says...

Empty barrels make the most noise.

Remember the Fleming Group in Freeport or more recently, about 5 years ago, the Weller Group and Discovery Bay. All talk and no money.

Show us the money first. Put $450 million, properly ring fenced, in a licensed bank in The Bahamas first. Then speak.

Economist says...

You are correct. Just the one year.
Certainly through the early 2000s the GBPA contributed tens of millions more each year than as spent there.

Remember all the maintenance of the roads etc. is paid for by the residents of Freeport (through service charge - read Real Property Tax- payments to the GBPA)

Economist says...

Finally, a GB Chamber President who is telling it like it is.