You can't have FDI without having reliable and affordable infrastructure in place. Add to that the ongoing corruption, unions demanding everything under the sun, archaic investment laws, a huge national debt, etc...
Was thinking the same thing. Cooper coming out and giving no details aside from saying bad, bad, bad. Same behavior with FNM and PLP. Release ALL details of the deal so people know what's going on!
Not sure what you mean by "most others" but if you consider the very rich locations such as Monaco (no property tax), Caymans (no property tax), St. Lucia (no tax on 10 acres or less), US Virgin Islands (0.75 percent of fair market value). Obviously there are others but I think you can agree that we are already in the top tier in regards to property tax.
On one side he ain't wrong but on the other side it's not that simple. If property taxes go up substantially for the mega rich, those same people are going to reconsider why they are in our country. How many people will leave, who knows but it's certainly going to have some impact. The ultra rich, by definition, have global choices on where to buy a vacation home.
KapunkleUp says...
The government can mandate price controls on electrical and water prices. They have been doing the exact same with gasoline prices for years.
On Parts of New Providence hit by power outage
Posted 2 October 2021, 10:17 a.m. Suggest removal
KapunkleUp says...
Time to bring back the old classics. Everybody is getting a Pet Rock for Xmas.
On Christmas ‘make or break’ for local retail
Posted 1 October 2021, 7:20 p.m. Suggest removal
KapunkleUp says...
Switzerland - numbered bank accounts.
On Cooper’s dismay at Lucayan cost
Posted 1 October 2021, 1:11 p.m. Suggest removal
KapunkleUp says...
You can't have FDI without having reliable and affordable infrastructure in place. Add to that the ongoing corruption, unions demanding everything under the sun, archaic investment laws, a huge national debt, etc...
On Davis Gov’t ‘decider if we sink or swim’
Posted 1 October 2021, 10:37 a.m. Suggest removal
KapunkleUp says...
Was thinking the same thing. Cooper coming out and giving no details aside from saying bad, bad, bad. Same behavior with FNM and PLP. Release ALL details of the deal so people know what's going on!
On Cooper’s dismay at Lucayan cost
Posted 1 October 2021, 10:34 a.m. Suggest removal
KapunkleUp says...
Better buy it now before VAT goes UP.
On ‘FOOD ASSISTANCE COSTS TOO MUCH’: Obie questions why aid programme bill is $800k per week
Posted 30 September 2021, 12:52 p.m. Suggest removal
KapunkleUp says...
Pre-election promises are like mosquito farts during a hurricane.
On Now it’s contracts under govt review
Posted 29 September 2021, 9:59 a.m. Suggest removal
KapunkleUp says...
Can't argue with that.
On ‘Freebie for mega wealthy must end’
Posted 28 September 2021, 9:16 p.m. Suggest removal
KapunkleUp says...
Not sure what you mean by "most others" but if you consider the very rich locations such as Monaco (no property tax), Caymans (no property tax), St. Lucia (no tax on 10 acres or less), US Virgin Islands (0.75 percent of fair market value). Obviously there are others but I think you can agree that we are already in the top tier in regards to property tax.
On ‘Freebie for mega wealthy must end’
Posted 28 September 2021, 2:57 p.m. Suggest removal
KapunkleUp says...
On one side he ain't wrong but on the other side it's not that simple. If property taxes go up substantially for the mega rich, those same people are going to reconsider why they are in our country. How many people will leave, who knows but it's certainly going to have some impact. The ultra rich, by definition, have global choices on where to buy a vacation home.
On ‘Freebie for mega wealthy must end’
Posted 28 September 2021, 1:09 p.m. Suggest removal