Comment history

LastManStanding says...

This is old news. This deal was allegedly going to happen from when the FNM was in government. Treasure Cay is a community without vision and this man would have to be a fool, or have some ulterior motive, to buy it. You cannot have a community catering to both second homeowners AND partying tourists. They are two completely different demographics that you are trying to appeal to. Not to to mention that aside from periods during the Kappeler years, Treasure Cay was nothing but a loss making endeavor under Meister's ownership. Without a beachfront casino and hotel, you would be wasting money investing into the community. The second homeowners and locals are not going to be much in favour of that though.

I expect this deal to go the same way of the Canadians, Chinese, and everyone else that has looked at Treasure Cay in the past. The real MVP of Treasure Cay is Craig Roberts. Without him doing his best to get Bahama Beach Club back on its feet, Treasure Cay would be a completely lost cause.

LastManStanding says...

What you mentioned about the sinovac shots seems to be pretty common. Apparently a lot of Latin/South American countries have received them, and it was causing difficulties for students who had arranged to study in the US as they were not recognized there. I have heard similar stories with the Russian made one in Europe as well.

On Davis to address COVID concerns

Posted 21 December 2021, 10:45 a.m. Suggest removal

LastManStanding says...

The thing is that we all know there isn't going to be a threshold. Any government that implement income tax will use the "rich people need to pay their fair share" argument solely to convince simple minded Bahamians that it is a good idea. The frog will boil, and it will eventually come to every single Bahamian (if not right away), while the government continues to piss it down the drain with nothing to show for it. This is literally how it played out in America, these exact same arguments were thrown about in 1913 just like they are being thrown about today. History has a funny way of repeating.

On How income tax works

Posted 21 December 2021, 10:40 a.m. Suggest removal

LastManStanding says...

Also, the Bahamas cannot be, and was not designed to be, an America or Canada. We don't have the natural resources or industry for that. Neither were we designed to be a shithole third world nation like Jamaica or Barbados. Go to Kingston and let me know how safe you feel when not behind a walled compound (sadly, this applies to a good portion of Nassau as well). The Founding Fathers of the Bahamian economy designed us to be what the Cayman Islands is today. We were designed to be a two pillar economy with no-low taxation, with not nearly the amount of civil servants and government expenditures that we are seeing today. We are in debt up to our nostrils because we have deviated from that plan, and the old PLP strategy of using government employment to suppress unemployment is coming back to bite everyone in the behind.

There is no bloody taxing our way out of this mess. You can add corporate tax, income tax, inheritance tax, TV tax like the UK in all, and we will still be in blasted debt because of the financially illiterate and irresponsible governments that have plagued our nation since 1967. Feeding the monster is not going to get us out of this mess. Perry them were shocked at the amount of money they first got from VAT + tariffs, and what do we have to show for it today? Not a blessed thing. All of that was blown on grift or government salaries. At least Papa redid the roads, despite Bahamians complaining 24/7 about it. Taming the beast is our only option.

On How income tax works

Posted 20 December 2021, 8:07 p.m. Suggest removal

LastManStanding says...

3rd shots are now becoming mandatory for many universities and workplaces abroad. It is quite clear that this power trip these officials are on needs to come to an end. Florida was supposed to be extinct a year ago according to the talking heads. Funny that they seem to still be going strong.

On COVID cases continue to ramp up

Posted 20 December 2021, 7:56 p.m. Suggest removal

LastManStanding says...

All of them have an agenda. RT is no less biased on any issue than CNN, Fox, or NBC. It is all propaganda, so you might as well read it all and pick the pieces of truth out.

On COVID cases continue to ramp up

Posted 20 December 2021, 7:54 p.m. Suggest removal

LastManStanding says...

We have had clown show governments for a good portion of the past 50 years. Instead of having the carnival in town, the circus needs to pay a visit. The government stooges will fit right in.

LastManStanding says...

Buddy, you are free to give the government a portion of your salary at any time. Nobody is stopping you.

As far as I am concerned, anyone who has not paid income tax before has no room to speak on the topic. I am a Bahamian that has lived abroad, and understands how the system works. Since you brought up Canada, I will leave the link below :

https://www.taxtips.ca/personaltax/resi…

Income tax is 100% based on residency in literally every jurisdiction, except the US (that has an exemption up to 100k if a taxpayer is not living in the country), despite what this author claims. Unless we have taxation treaties, it is very possible that expats could end up being double taxed both here and in their home countries (depends on the particular circumstances). Furthermore, it should be noted that income does not only comprise what you earn from your job. Collect NIB or other government assistance? You will pay a tax on that. Collect alimony or child support? You will pay a portion of that in tax. Own your own business or are self employed? Get ready to be audited down to the very last penny. "income" literally means every dollar that you get from any source. People who have never had to pay simply don't know what they are signing up for.

Can you image our childlike, petty politicians staffing the Bahamian IRS with their lackeys and running audits on anyone that they don't like? You have to be insane to think that this is a good idea. Al Capone, big bad gangster as he was, didn't die in prison for murder, smuggling, or anything of that nature. No, he died in prison for "tax evasion". Let the reader understand the implications of that story.

I haven't even discussed the fact that the informal economy is still huge here, and would not be subject to taxation at all.

Since all of the pro-income tax crew care so much about the consumers, surely they will support scrapping VAT in it's entirety if they could theoretically get their wish of an income tax, right?

On How income tax works

Posted 20 December 2021, 7:48 p.m. Suggest removal

LastManStanding says...

Minnis is going to get himself kicked out of the FNM at some point, which will only open another chapter in the saga of the FNMs implosion. The best thing that he could have done is resigned from the House entirely, it is extremely rare for a former leader to accept backbencher (is he even in the shadow cabinet?) status without making a mess of things. It really wouldn't have mattered if the PLP won a by-election in Killarney, they have 32 other seats already. Incumbency is a disadvantage in modern Bahamian politics anyways.

On Pintard reminds team - I’m our voice

Posted 15 December 2021, 11:59 a.m. Suggest removal

LastManStanding says...

A corporate tax structure, properly designed and implemented, would be far superior to the current system that does not take low margin businesses, or years where a loss is recorded, into consideration. My opposition to a corporate tax rate lies in the fact that we will paying more than likely another 15% to the government on top of the current business license fees. Remember how duties were supposedly going to disappear after VAT was implemented? You would have to be a complete fool or imbecile to think that the government is going to pass up the opportunity to juice people for even more money.

On IMF and taxation

Posted 15 December 2021, 11:48 a.m. Suggest removal