except for those who were asleep, we've seen this push coming for years... poor management of public service, too many lousy gov't corporations propped up by Treasury, lack of accoutability so you have a building burn down, contractor does not have insurance that was a prerequisite to contract award and nothing happens, etc , etc. now you would give the same folks even more money to manage/waste? its going to happen sooner or later unfortunately since we let things get out of control, but dont believe for a minute imposition of income tax will make a difference for the better...
what do the sticky fingers people do with the copper? we don't manufacture any here so i would look at anyone trying to sell copper with a jaundiced eye while i call the cops...
it all sounds harsh, but it may have to become a reality.. imagine if Irma did to the SE islands what happened in Barbuda, St. Maarten and BVI? How many bllions are the taxpayers prepared to go deeper into debt? those islands are the top of the list of economically depressed towns in the country, they could only ever think about reconstruction after a major hit with gov't money.. i doubt 10% have home insurance.. sad picture, but some future generation of bahamians will have to address it ..
BPL seems to be intent on shutting down country ex for Nassau.. maybe a bit much? no need to make the whole event more unbearable than it has to be i wud think.... anyway....
unfortunately, island living in the southern Bahamas has always been difficult and will likely continue to be so r get worse. there is nothing gov't can do about it, its the history of the place and lack of resources. those folks will not leave permanently because its their home.. we can all understand that.. i would do the same in similar circumstances... sad situation..
there is ample competition in the local banking industry but clearly we consumers are not seeing the benefits suggesting collusion between the banks to set fees. Therefore we need gov't oversight including laws to prevent anti-competitive behaviour.
the onerous rules imposed by the imperialists are nothing less than modern day colonialism and intended to economically cripple small, 3rd world countries so they remain 3rd world and dependant on 1st world handouts that come with strings attached. its utter BS and we can't do much, if anything, about it.
government in the Bahamas is too big.. electricity company, airline, bank of bahamas, water works, tv and radio, etc., the level of funding required far exceeds gov't revenue given that everything they own needs support as they are all failures... need more private sector and less state control, otherwise, days of IMF control will keep getting closer...
Socrates says...
except for those who were asleep, we've seen this push coming for years... poor management of public service, too many lousy gov't corporations propped up by Treasury, lack of accoutability so you have a building burn down, contractor does not have insurance that was a prerequisite to contract award and nothing happens, etc , etc. now you would give the same folks even more money to manage/waste? its going to happen sooner or later unfortunately since we let things get out of control, but dont believe for a minute imposition of income tax will make a difference for the better...
On Bahamas must have income tax, says IMF
Posted 15 September 2017, 9:25 a.m. Suggest removal
Socrates says...
what do the sticky fingers people do with the copper? we don't manufacture any here so i would look at anyone trying to sell copper with a jaundiced eye while i call the cops...
On BTC fears copper theft rise post-Irma
Posted 14 September 2017, 9:26 a.m. Suggest removal
Socrates says...
it all sounds harsh, but it may have to become a reality.. imagine if Irma did to the SE islands what happened in Barbuda, St. Maarten and BVI? How many bllions are the taxpayers prepared to go deeper into debt? those islands are the top of the list of economically depressed towns in the country, they could only ever think about reconstruction after a major hit with gov't money.. i doubt 10% have home insurance.. sad picture, but some future generation of bahamians will have to address it ..
On Small Family Island model ‘unsustainable’
Posted 13 September 2017, 2:14 p.m. Suggest removal
Socrates says...
BPL seems to be intent on shutting down country ex for Nassau.. maybe a bit much? no need to make the whole event more unbearable than it has to be i wud think.... anyway....
On HURRICANE IRMA UPDATES: BPL announces planned shutdowns
Posted 8 September 2017, 11:17 a.m. Suggest removal
Socrates says...
unfortunately, island living in the southern Bahamas has always been difficult and will likely continue to be so r get worse. there is nothing gov't can do about it, its the history of the place and lack of resources. those folks will not leave permanently because its their home.. we can all understand that.. i would do the same in similar circumstances... sad situation..
On Irma hit will drive Out Islands into ‘economic abyss’
Posted 6 September 2017, 9:46 a.m. Suggest removal
Socrates says...
Davis is lukewarm. never takes a position on anything til he knows the prevailing opinion .... unfit to lead..
On Davis ‘uninspiring’ say PLP stalwart councillors
Posted 1 September 2017, 8:19 a.m. Suggest removal
Socrates says...
'can't afford to rest on their laurels'. with impressive consistency in maintaining the D average, the question is, what laurels does he refer too?
On Lloyd: No resting on laurels while nation has D average
Posted 1 September 2017, 8:17 a.m. Suggest removal
Socrates says...
there is ample competition in the local banking industry but clearly we consumers are not seeing the benefits suggesting collusion between the banks to set fees. Therefore we need gov't oversight including laws to prevent anti-competitive behaviour.
On Governor: ‘No persuasive case’ price controls work
Posted 1 September 2017, 3:02 a.m. Suggest removal
Socrates says...
the onerous rules imposed by the imperialists are nothing less than modern day colonialism and intended to economically cripple small, 3rd world countries so they remain 3rd world and dependant on 1st world handouts that come with strings attached. its utter BS and we can't do much, if anything, about it.
On ‘Suffocating’ KYC causes lawyer 5-year bank wait
Posted 31 August 2017, 8:34 a.m. Suggest removal
Socrates says...
government in the Bahamas is too big.. electricity company, airline, bank of bahamas, water works, tv and radio, etc., the level of funding required far exceeds gov't revenue given that everything they own needs support as they are all failures... need more private sector and less state control, otherwise, days of IMF control will keep getting closer...
On Moody’s: Deficit could hit $636m
Posted 30 August 2017, 4:15 a.m. Suggest removal