i have to admit i'm not the sharpest tool in the shed but while the debt rises and we borrow more, we simultaneously cut gov't revenue through tax reductions... thats like applying brakes and pressing the gas at the same time.. u want to ho r stop? with the cheaper ice cream, pastries and chips, how will govt pay for the medicine for all the heart surgery?
Tourism has dreadfully underperformed relative to our regional peers, many of whom are enjoying booming business and its good the M of Finance made this point. we are so far behind and with the high cost, mediocre product offered, i wonder how MOT will address this major deficiency...
need to be careful with this Bahamasair plan.. people dont know Bahamasair outside the country.. Bahamasair is a lower than 'low cost' operator from a customer service perspective, and from what we have heard over the years, its a high cost airline, so a lot to think about... i imagine the cost to operate to Atlanta is a lot more than Freeport so if you fly empty the losses will skyrocket...
its not fair competition unless we are on equal terms... if i operate from my house but you have an office, staff, utilities, insurance, etc., etc., its not balanced. of course, we bahamians like laws but not enforcement, which is a big reason why we are where we are...
we dont seem to stand for anything in this country.. just like a little puppy, everytime some colonialists or their surrogates say 'jump', we respond, 'how high'...
taxation is a fact of life.. one of the reasons we are so deep in debt is because we dont want to collect/increase taxes where required, but we expect to keep spending more and more.. how is it we all understand why we need a pay increase, but govt doesn't need one (more tax income)? only the Arabs (according to google search) seem to be able to spend without taxation and even they will soon have VAT...
we happily borrow $300mil between RBDF and Bahamasair for luxury items like boats and planes, but can't see the sense in buying generators for electricity... unbelievable....
The $200m spent on patrol boats for the DF and the $100m guarantee for Bahamasair for new planes, not to mention all that money thrown at BOB, would have been better spent trying to provide reliable electricity in this country. Utility infrastructure is basic to development. but seems we can't grasp that basic fact..
Socrates says...
i have to admit i'm not the sharpest tool in the shed but while the debt rises and we borrow more, we simultaneously cut gov't revenue through tax reductions... thats like applying brakes and pressing the gas at the same time.. u want to ho r stop? with the cheaper ice cream, pastries and chips, how will govt pay for the medicine for all the heart surgery?
On ‘Considerable’ food price falls from duty reductions
Posted 1 June 2017, 10:08 a.m. Suggest removal
Socrates says...
Tourism has dreadfully underperformed relative to our regional peers, many of whom are enjoying booming business and its good the M of Finance made this point. we are so far behind and with the high cost, mediocre product offered, i wonder how MOT will address this major deficiency...
On Minister ‘concerned’ on rating agency reaction
Posted 1 June 2017, 9:58 a.m. Suggest removal
Socrates says...
may all be so, but dont give too much credit to Gibson... anybody who ran there as an FNM would have won the seat for the same reason LBT lost...
On Adrian Gibson
Posted 1 June 2017, 9:47 a.m. Suggest removal
Socrates says...
need to be careful with this Bahamasair plan.. people dont know Bahamasair outside the country.. Bahamasair is a lower than 'low cost' operator from a customer service perspective, and from what we have heard over the years, its a high cost airline, so a lot to think about... i imagine the cost to operate to Atlanta is a lot more than Freeport so if you fly empty the losses will skyrocket...
On Bahamasair may cut back domestic services
Posted 1 June 2017, 9:44 a.m. Suggest removal
Socrates says...
hope fox news doesn't jump on this after the verbal sparring earlier this year...
On Terror suspect linked to the Bahamas
Posted 1 June 2017, 9:36 a.m. Suggest removal
Socrates says...
its not fair competition unless we are on equal terms... if i operate from my house but you have an office, staff, utilities, insurance, etc., etc., its not balanced. of course, we bahamians like laws but not enforcement, which is a big reason why we are where we are...
On Unlicensed dealers seize 40% auto market share
Posted 1 June 2017, 5:02 a.m. Suggest removal
Socrates says...
we dont seem to stand for anything in this country.. just like a little puppy, everytime some colonialists or their surrogates say 'jump', we respond, 'how high'...
On Provider: Automatic tax share breaches constitutional rights
Posted 1 June 2017, 4:49 a.m. Suggest removal
Socrates says...
taxation is a fact of life.. one of the reasons we are so deep in debt is because we dont want to collect/increase taxes where required, but we expect to keep spending more and more.. how is it we all understand why we need a pay increase, but govt doesn't need one (more tax income)? only the Arabs (according to google search) seem to be able to spend without taxation and even they will soon have VAT...
On Gov’t ‘opening Pandora’s Box’ with VAT breaks plan
Posted 30 May 2017, 1:40 a.m. Suggest removal
Socrates says...
we happily borrow $300mil between RBDF and Bahamasair for luxury items like boats and planes, but can't see the sense in buying generators for electricity... unbelievable....
On BPL ‘critical’ without new equipment
Posted 30 May 2017, 1:34 a.m. Suggest removal
Socrates says...
The $200m spent on patrol boats for the DF and the $100m guarantee for Bahamasair for new planes, not to mention all that money thrown at BOB, would have been better spent trying to provide reliable electricity in this country. Utility infrastructure is basic to development. but seems we can't grasp that basic fact..
On BPL needs equipment urgently to avoid outages says union chief
Posted 27 May 2017, 3:25 a.m. Suggest removal