I would be inclined to agree with your friend and would add that NIB is doomed to collapse simply due to the demographic situation of this country. The only way it could ever be theoretically retained in the long term is through exorbitant rate increases to be shouldered by the young working class Bahamians, a cut in payments, and the raising of the collection age. We have a TFR below replacement rate, with a large number of young Bahamians leaving the country if they have the opportunity, it is simply impossible to maintain this program no matter what bandaid solution you try IMO. This is not a problem unique to this country, virtually all developed nations are in a similar boat.
To echo other commenters here, Carnival is not a part of Bahamian culture and should have never been brought here in the first place. Junkanoo is authentically Bahamian, and that is what should be supported instead.
I am so tired of hearing about this issue, both sides of this argument act like literal children. A certain part of one group feel that they can call themselves Christian and rape their wives, while the other group wants men summarily convicted and imprisoned simply because a woman says so. This is a topic that needs a high level of maturity to discuss and it feels as if no one in this country has it.
To be honest I think the whole argument is moot because marriage as an institution is dead anyways. Hookup culture and family courts weaponized against men have cratered the marriage rates, and most young people are just not interested. It is a whole bunch of arguing for nothing.
Would be a bad idea in the long term. The US will always be our primary trading partner due to location, but the truth is that the US is in the death throes of an empire and China is ascending in prominence. What happened to Izmirlian is wrong, but we have to plan for a future in which the US is not the biggest player on the world stage.
Our MPs are going to be fatter than ever with all of this new revenue they plan to have coming in. Government them soon need to start chartering a wider plane for them to fly around on; buffet restaurant stocks are looking bullish.
> We have been informed that the International Monetary Fund has recommended this course of action to the Ministry of Finance.
Good reason not to do it. They certainly don't have ours (or any other nation's) best interests at heart. Dealing with the IMF is dealing with the devil.
Not to dogpile, but our power grid is held together with bubble gum and ducktape. The Bahamas is not ready for mainstream adoption of electric vehicles.
Tbh I truly doubt that Bahamians will ever evolve past the FNM/PLP circus simply because not enough honestly care about the country to ever make a change. The "as long as I got mines' mentality is so prevalent that not enough realize that there might not be anything left to take one day. Lincoln put up respectable numbers last time, but the fact is that 66k Bahamians voted for the exact same PLP running the same exact old sorry looking faces that they kicked out in droves 4.5 years earlier; if that isn't depressing than God knows what is. I get that Minnis was horrid and doing a bunch of crap with the lockdowns, but the solution is certainly not to vote in the same exact crew you kicked out for 4.5 years earlier for shitty performance. It was at that moment I realized that this country is completely doomed and nothing will ever change.
My personal take is that a complete outsider has to take power and completely destroy every stranglehold that the old establishment has on the political and economic processes in this country for things to ever improve. I don't have high hopes of that happening, so the most likely outcome is continued decline into truly third world standards of living (despite our difficulties, the Bahamas is a FAR better place to live than most third world countries) ie. complete erasure of the middle class, even more rampant crime and unchecked political corruption, out of control debt and inflation (the inflation topic is only going to become more prominent as the US dollar's status as a global reserve currency continues to erode). The future is not very bright IMO, but of course only God knows for sure.
LastManStanding says...
I would be inclined to agree with your friend and would add that NIB is doomed to collapse simply due to the demographic situation of this country. The only way it could ever be theoretically retained in the long term is through exorbitant rate increases to be shouldered by the young working class Bahamians, a cut in payments, and the raising of the collection age. We have a TFR below replacement rate, with a large number of young Bahamians leaving the country if they have the opportunity, it is simply impossible to maintain this program no matter what bandaid solution you try IMO. This is not a problem unique to this country, virtually all developed nations are in a similar boat.
On PM: NIB RATE TO RISE – BUT NOT FOR A YEAR: Davis announces July 2024 date but not size of increase
Posted 7 June 2023, 2:17 p.m. Suggest removal
LastManStanding says...
To echo other commenters here, Carnival is not a part of Bahamian culture and should have never been brought here in the first place. Junkanoo is authentically Bahamian, and that is what should be supported instead.
On More support needed for Carnival, say revellers
Posted 26 May 2023, 5:12 p.m. Suggest removal
LastManStanding says...
Maybe we should start investing 50% of politician's and civil servant's salaries into NIB.
On Insurers 'over reacting' on 50% investment 'minimum'
Posted 26 May 2023, 5:08 p.m. Suggest removal
LastManStanding says...
I am so tired of hearing about this issue, both sides of this argument act like literal children. A certain part of one group feel that they can call themselves Christian and rape their wives, while the other group wants men summarily convicted and imprisoned simply because a woman says so. This is a topic that needs a high level of maturity to discuss and it feels as if no one in this country has it.
To be honest I think the whole argument is moot because marriage as an institution is dead anyways. Hookup culture and family courts weaponized against men have cratered the marriage rates, and most young people are just not interested. It is a whole bunch of arguing for nothing.
On Comments on marital rape issue
Posted 26 May 2023, 5:05 p.m. Suggest removal
LastManStanding says...
Meeting between dumb and dumber. Granted, Brave is probably at least a whole standard deviation higher in IQ than Kamala, maybe even two.
On US VP visiting Bahamas to meet leaders from region
Posted 26 May 2023, 4:57 p.m. Suggest removal
LastManStanding says...
Would be a bad idea in the long term. The US will always be our primary trading partner due to location, but the truth is that the US is in the death throes of an empire and China is ascending in prominence. What happened to Izmirlian is wrong, but we have to plan for a future in which the US is not the biggest player on the world stage.
On Judge: 'Now clear' Baha Mar sabotaged by CCA
Posted 26 May 2023, 4:53 p.m. Suggest removal
LastManStanding says...
Our MPs are going to be fatter than ever with all of this new revenue they plan to have coming in. Government them soon need to start chartering a wider plane for them to fly around on; buffet restaurant stocks are looking bullish.
On Gov't digs in for 25% mining profits share
Posted 25 May 2023, 2:30 p.m. Suggest removal
LastManStanding says...
> We have been informed that the International Monetary Fund has recommended this course of action to the Ministry of Finance.
Good reason not to do it. They certainly don't have ours (or any other nation's) best interests at heart. Dealing with the IMF is dealing with the devil.
On Insurer uproar on Gov'ts 50% investment 'dictate'
Posted 25 May 2023, 2:24 p.m. Suggest removal
LastManStanding says...
Not to dogpile, but our power grid is held together with bubble gum and ducktape. The Bahamas is not ready for mainstream adoption of electric vehicles.
On EDITORIAL: Don’t punish public for impasse with govt
Posted 25 May 2023, 2:20 p.m. Suggest removal
LastManStanding says...
Tbh I truly doubt that Bahamians will ever evolve past the FNM/PLP circus simply because not enough honestly care about the country to ever make a change. The "as long as I got mines' mentality is so prevalent that not enough realize that there might not be anything left to take one day. Lincoln put up respectable numbers last time, but the fact is that 66k Bahamians voted for the exact same PLP running the same exact old sorry looking faces that they kicked out in droves 4.5 years earlier; if that isn't depressing than God knows what is. I get that Minnis was horrid and doing a bunch of crap with the lockdowns, but the solution is certainly not to vote in the same exact crew you kicked out for 4.5 years earlier for shitty performance. It was at that moment I realized that this country is completely doomed and nothing will ever change.
My personal take is that a complete outsider has to take power and completely destroy every stranglehold that the old establishment has on the political and economic processes in this country for things to ever improve. I don't have high hopes of that happening, so the most likely outcome is continued decline into truly third world standards of living (despite our difficulties, the Bahamas is a FAR better place to live than most third world countries) ie. complete erasure of the middle class, even more rampant crime and unchecked political corruption, out of control debt and inflation (the inflation topic is only going to become more prominent as the US dollar's status as a global reserve currency continues to erode). The future is not very bright IMO, but of course only God knows for sure.
On Pintard slams PLP on tax - but govt says FNM signed up to it
Posted 22 May 2023, 10:40 p.m. Suggest removal