"would point out you already have 18 vaccines circulating in your body from childhood"
How many of those are viral vector or mRNA?
You are still going to catch or transmit COVID no matter how many gorillian shots you take. There should be a uniform standard across the board : everyone gets tested alike.
Go study the Manley and Seaga eras of Jamaica. The IMF has disappointed before.
The IMF will be the death of the working class Bahamian. Income tax and family island property taxes on day one, with more to come. Working class Bahamians are struggling enough as it is, with the young ones abandoning the country if they can. I don't see how anything that the IMF can do will possibly save us.
Our economy is not typical for the world. We have done very well to be the third richest nation in the Americas. The policies that the IMF will try to shove down our throats will destroy the economic prospects for working class Bahamians. I would not even be too concerned with debt-to-GDP being honest with you. The US is looking at scrapping their debt ceiling, and Canada is printing money like there is no tomorrow. Japan at one point had a debt-to-GDP ratio of over 250% during the 08 Recession. What I would be more concerned about is economic growth, job numbers, and bridging the gap between the low average wage and high COL in a way that doesn't wreck the economy.
This is exactly the issue that some jurisdictions are having to confront now. They are having to require PCR testing for those who have two shots (or one of J&J) much to the chagrin of those who blindly followed the program thinking that they could do whatever they want afterwards. They are now realizing that they got sold a big dream.
Wait until you aren't "fully vaccinated" until you have had a third (or fourth) shot. Everyone is blindly following the Israeli model without trying to think of something different. If we only had a treatment for COVID instead of having to take a gorillian shots, but that would hurt revenues for the same people that manufactured the opioid crisis.
Exactly what is going to happen. Bahamians will vote the FNM in after 5 years of the PLP, and then will vote the PLP back in after another 5 years of the FNM.
Many of our politicians are crooks and cronies, but a special shoutout goes to the Bahamian voters who continually vote for them and the same old parties and expect something different lol.
I pity their situation, but what can we do? We cannot have them immigrating here at all, orderly or disorderly. Have you seen the cost of rent in Nassau? Where are you going to find housing for them? Where are you going to find jobs for them? It isn't only about compassion, but about the fact that we just can't take them; we are full.
IFM intervention is still a far ways off. Minnis did not put us in this situation, neither did Brave. This nation's finances were screwed up well before either.
Right now, the government needs to trim the expenses. We are not going to be able to tax our way out of this, nor seemingly bring in enough investment to keep up with the massive expenditures. We have no choice but to trim the budget. In all fairness, nobody ever expected COVID or Dorian to set us back as far as they did, but we are not a G7 nation that can afford to have huge welfare schemes or a large population employed in the civil service.
The UBP left behind a 10mil surplus (close to 80 mil in todays currency) when they left office in 1967. Righting our economy can be done, will the government 1.) have the balls to do it and 2.) do it in a way that doesn't financially wreck the average Bahamian is the question.
Agree with a hike 100%. A huge portion of the Lyford Cay or Albany crowd won't pay RPT for 20 years and leave that for the attorneys and agent(s) to find out at closing. In addition to a tax hike, there needs to be much greater enforcement on those that pull that crap.
Some of these second home owners make six figures a year on vacation rentals, my sympathy supply runs a bit short with their "poor me" shtick.
FrustratedBusinessman says...
"would point out you already have 18 vaccines circulating in your body from childhood"
How many of those are viral vector or mRNA?
You are still going to catch or transmit COVID no matter how many gorillian shots you take. There should be a uniform standard across the board : everyone gets tested alike.
On Atlantis and testing
Posted 1 October 2021, 5:57 p.m. Suggest removal
FrustratedBusinessman says...
Go study the Manley and Seaga eras of Jamaica. The IMF has disappointed before.
The IMF will be the death of the working class Bahamian. Income tax and family island property taxes on day one, with more to come. Working class Bahamians are struggling enough as it is, with the young ones abandoning the country if they can. I don't see how anything that the IMF can do will possibly save us.
Our economy is not typical for the world. We have done very well to be the third richest nation in the Americas. The policies that the IMF will try to shove down our throats will destroy the economic prospects for working class Bahamians. I would not even be too concerned with debt-to-GDP being honest with you. The US is looking at scrapping their debt ceiling, and Canada is printing money like there is no tomorrow. Japan at one point had a debt-to-GDP ratio of over 250% during the 08 Recession. What I would be more concerned about is economic growth, job numbers, and bridging the gap between the low average wage and high COL in a way that doesn't wreck the economy.
On Bank chief pushes back on imminent debt default
Posted 1 October 2021, 1:46 p.m. Suggest removal
FrustratedBusinessman says...
This is exactly the issue that some jurisdictions are having to confront now. They are having to require PCR testing for those who have two shots (or one of J&J) much to the chagrin of those who blindly followed the program thinking that they could do whatever they want afterwards. They are now realizing that they got sold a big dream.
Wait until you aren't "fully vaccinated" until you have had a third (or fourth) shot. Everyone is blindly following the Israeli model without trying to think of something different. If we only had a treatment for COVID instead of having to take a gorillian shots, but that would hurt revenues for the same people that manufactured the opioid crisis.
On Atlantis to delay staff paying for tests
Posted 1 October 2021, 10:24 a.m. Suggest removal
FrustratedBusinessman says...
Exactly what is going to happen. Bahamians will vote the FNM in after 5 years of the PLP, and then will vote the PLP back in after another 5 years of the FNM.
Many of our politicians are crooks and cronies, but a special shoutout goes to the Bahamian voters who continually vote for them and the same old parties and expect something different lol.
On ‘What did Fitzgerald do that was so bad?’
Posted 1 October 2021, 10:19 a.m. Suggest removal
FrustratedBusinessman says...
I pity their situation, but what can we do? We cannot have them immigrating here at all, orderly or disorderly. Have you seen the cost of rent in Nassau? Where are you going to find housing for them? Where are you going to find jobs for them? It isn't only about compassion, but about the fact that we just can't take them; we are full.
On FRONT PORCH: No hiding from the shameful vitriol directed at those who would risk everything for a better life
Posted 1 October 2021, 10:16 a.m. Suggest removal
FrustratedBusinessman says...
How about they get a civilized society and functioning government first?
On PAHO: Haiti needs vaccines
Posted 1 October 2021, 10:12 a.m. Suggest removal
FrustratedBusinessman says...
IFM intervention is still a far ways off. Minnis did not put us in this situation, neither did Brave. This nation's finances were screwed up well before either.
Right now, the government needs to trim the expenses. We are not going to be able to tax our way out of this, nor seemingly bring in enough investment to keep up with the massive expenditures. We have no choice but to trim the budget. In all fairness, nobody ever expected COVID or Dorian to set us back as far as they did, but we are not a G7 nation that can afford to have huge welfare schemes or a large population employed in the civil service.
The UBP left behind a 10mil surplus (close to 80 mil in todays currency) when they left office in 1967. Righting our economy can be done, will the government 1.) have the balls to do it and 2.) do it in a way that doesn't financially wreck the average Bahamian is the question.
On Bank chief pushes back on imminent debt default
Posted 1 October 2021, 10:11 a.m. Suggest removal
FrustratedBusinessman says...
Yes, because they sure did a great job in Jamaica lol.
God forbid that we ever sell our souls to the devil (IMF), there is no guarantee that anything they propose would work.
On Bank chief pushes back on imminent debt default
Posted 1 October 2021, 10:06 a.m. Suggest removal
FrustratedBusinessman says...
Agree with a hike 100%. A huge portion of the Lyford Cay or Albany crowd won't pay RPT for 20 years and leave that for the attorneys and agent(s) to find out at closing. In addition to a tax hike, there needs to be much greater enforcement on those that pull that crap.
Some of these second home owners make six figures a year on vacation rentals, my sympathy supply runs a bit short with their "poor me" shtick.
On ‘Freebie for mega wealthy must end’
Posted 28 September 2021, 2:17 p.m. Suggest removal
FrustratedBusinessman says...
Someone will buy their homes and replace them. They aren't special snowflakes.
On ‘Freebie for mega wealthy must end’
Posted 28 September 2021, 2:14 p.m. Suggest removal