No Government or regime ever concedes defeat or failure, Most do not learn from prior mistakes either. Usually they collapse completely. Taking their citizens assets with them. In many cases people lose their lives fighting the inevitable oppressors, always too little too late. The only assets any Government has to burn or chew through as they chase their particular form of folly are yours! Undermining the value of your earnings is no different than the taxing or appropriation of your earnings. Our successive Government administrations have done all of the above well, where they have failed completely is in how they spend and waste and thieve. Most are outraged that Government cannot continue to push the bad further down the road, the way many of us do in our personal lives, and as taught by Government. Yet another Self determination failure. For the last 50 years we have lived in a wonderful illusion, Self determination, Independence, Sovereignty, Nationalism mixed with tribalism, free of responsibility for our children, debts both personal and public, neglect of the important things. Who in their right mind would think no day of reckoning was due? That this Administration will be shot for being the messenger only serves to highlight our national shortsightedness. Can't wait to hear what the opposition has to cry about! Fearless flying Freddy will no doubt howl the loudest!
How easily we ignore the fact that we are heading the way of Haiti and other IMF impinged countries of our own volition. Willingly. I'm impressed that KPT has impressed upon Cabinet the dire fiscal situation we have been consistently heading for since 1973. Im impressed that we finally have a Government willing to make the hard decisions that all those prior avoided like the plague. How amazing that we believe no cost is attached to folly. Unlike the personal responsibility we ( the majority?) shuck and dodge so easily and regularly National irresponsibility comes with real costs, costs which can only fall on the very people who sat back and either participated in the pillaging or sat back in silence. It has taken 50 years to get here, and it was a comfortable ride for most if not all! Time to pay the piper. Time to find some personal and national ethic and put it into practice! Is anyone happy with increased taxation? Hell no. Time to grow up and shape up! Might make the end result better! Might trigger a national realization that we have squandered our future!
But we were promised Freedom! Largess! No more servitude! Milk and Honey! And promptly went into debt. Created the NIB Ponzi scheme, now also broke, We Love the Queen but immediately about faced towards Miami in 1973. Trashed any work ethic and Tiefin 101 became the national curriculum. No other former colony has squandered such a cushy starting position as efficiently as the Bahamas.
Firstly, domestic carriers aught to have been exempted. Crazy we would be paying the U.S. to operate within our own airspace. Second, I doubt the revenue figures will transfer as International flights will pull a go around, kinda like Bone fishing arrivals. We shall see. Plus don't forget expenditures ahead of proposed revenue to build capacity and competency.
Apparently isn't working too well, cannot see your bill breakdown (nor VAT breakout) Attention!: launching new apps and services should be done AFTER Beta testing! Seems your IT dept is as proficient as your generation dept.
Rather than try to save and salvage what is left, they'd rather absolutely pillage to the bottom of the barrel leaving nothing. A well worn post colonial path. Interesting how the promise of "everything" carries more weight than the reality of ending up with nothing.
My question is where do these former Tenants (of Bahamians no doubt) move to? There is the human story. Relocated or re settled? Will we have roving bands of the displaced? Like everything else, half baked and half assed.
All duty rates must be reduced to 8-10% by 2025, per WTO agreements for WTO accession. Duty rates have been reduced but in small increments to comply with that. (initially reducing duty rates on items rarely imported in order to technically comply) VAT, Real property tax (across the board and on all properties) and Capital gains personal income etc are coming and are scheduled. But No admin has ever admitted it. Most have concealed it. Customs has had a measure of training but these political appointees and a lack of continuity from political admin to admin has crated these actions of "creative destruction" With no private sector input, irrespective of these so called Consultations. The private sector is still fragmented and scattered in their approach.
When government "outsources" a service the Government is no longer involved, aside regulatory oversight! Forcing payment by all whether the service is required or not is a tax! Let the private company enter the marketplace and develop that service sector! Competition is good! Reduced costs and improved efficiencies will result!
The_Oracle says...
No Government or regime ever concedes defeat or failure, Most do not learn from prior mistakes either. Usually they collapse completely. Taking their citizens assets with them.
In many cases people lose their lives fighting the inevitable oppressors, always too little too late.
The only assets any Government has to burn or chew through as they chase their particular
form of folly are yours! Undermining the value of your earnings is no different than the taxing or appropriation of your earnings. Our successive Government administrations have done all of the above well, where they have failed completely is in how they spend and waste and thieve.
Most are outraged that Government cannot continue to push the bad further down the road, the way many of us do in our personal lives, and as taught by Government. Yet another Self determination failure.
For the last 50 years we have lived in a wonderful illusion, Self determination, Independence, Sovereignty, Nationalism mixed with tribalism, free of responsibility for our children, debts both personal and public, neglect of the important things. Who in their right mind would think no day of reckoning was due?
That this Administration will be shot for being the messenger only serves to highlight our national shortsightedness.
Can't wait to hear what the opposition has to cry about!
Fearless flying Freddy will no doubt howl the loudest!
On BUDGET: VAT to rise from 7.5 percent to 12 percent
Posted 31 May 2018, 9 a.m. Suggest removal
The_Oracle says...
How easily we ignore the fact that we are heading the way of Haiti and other IMF impinged countries of our own volition. Willingly.
I'm impressed that KPT has impressed upon Cabinet the dire fiscal situation we have been consistently heading for since 1973. Im impressed that we finally have a Government willing to make the hard decisions that all those prior avoided like the plague.
How amazing that we believe no cost is attached to folly. Unlike the personal responsibility we ( the majority?) shuck and dodge so easily and regularly National irresponsibility comes with real costs, costs which can only fall on the very people who sat back and either participated in the pillaging or sat back in silence. It has taken 50 years to get here, and it was a comfortable ride for most if not all!
Time to pay the piper. Time to find some personal and national ethic and put it into practice!
Is anyone happy with increased taxation? Hell no. Time to grow up and shape up!
Might make the end result better! Might trigger a national realization that we have squandered our future!
On BUDGET: VAT to rise from 7.5 percent to 12 percent
Posted 30 May 2018, 6:47 p.m. Suggest removal
The_Oracle says...
But we were promised Freedom! Largess! No more servitude! Milk and Honey!
And promptly went into debt. Created the NIB Ponzi scheme, now also broke,
We Love the Queen but immediately about faced towards Miami in 1973.
Trashed any work ethic and Tiefin 101 became the national curriculum.
No other former colony has squandered such a cushy starting position as efficiently as the Bahamas.
On Bahamians urged to reject 'consumerism'
Posted 26 May 2018, 9:53 a.m. Suggest removal
The_Oracle says...
Government doing Jigsaw puzzles, how apropos. Will never get done!
On Freeport ‘gets short end of stick again’
Posted 26 May 2018, 9:46 a.m. Suggest removal
The_Oracle says...
Firstly, domestic carriers aught to have been exempted. Crazy we would be paying the U.S. to operate within our own airspace. Second, I doubt the revenue figures will transfer as International flights will pull a go around, kinda like Bone fishing arrivals.
We shall see. Plus don't forget expenditures ahead of proposed revenue to build capacity and competency.
On Finally - planes will pay to ‘fly Bahamas’
Posted 18 May 2018, 1:07 p.m. Suggest removal
The_Oracle says...
Apparently isn't working too well, cannot see your bill breakdown (nor VAT breakout)
Attention!: launching new apps and services should be done AFTER Beta testing!
Seems your IT dept is as proficient as your generation dept.
On GB Power upgrades boost web efficiency
Posted 17 May 2018, 8:18 a.m. Suggest removal
The_Oracle says...
Rather than try to save and salvage what is left,
they'd rather absolutely pillage to the bottom of the barrel leaving nothing.
A well worn post colonial path. Interesting how the promise of "everything" carries more weight than the reality of ending up with nothing.
On Ticking timebomb of $3.7bn pensions
Posted 15 May 2018, 11:10 a.m. Suggest removal
The_Oracle says...
My question is where do these former Tenants (of Bahamians no doubt) move to?
There is the human story. Relocated or re settled?
Will we have roving bands of the displaced?
Like everything else, half baked and half assed.
On Demolished: First shanty homes blitzed as others set July deadline
Posted 15 May 2018, 9:22 a.m. Suggest removal
The_Oracle says...
All duty rates must be reduced to 8-10% by 2025, per WTO agreements for WTO accession.
Duty rates have been reduced but in small increments to comply with that.
(initially reducing duty rates on items rarely imported in order to technically comply)
VAT, Real property tax (across the board and on all properties) and Capital gains personal income etc are coming and are scheduled. But No admin has ever admitted it. Most have concealed it.
Customs has had a measure of training but these political appointees and a lack of continuity from political admin to admin has crated these actions of "creative destruction"
With no private sector input, irrespective of these so called Consultations.
The private sector is still fragmented and scattered in their approach.
On Economy's 'blood supply choked' by Customs proof of exchange control
Posted 14 May 2018, 4:02 p.m. Suggest removal
The_Oracle says...
When government "outsources" a service the Government is no longer involved, aside regulatory oversight!
Forcing payment by all whether the service is required or not is a tax!
Let the private company enter the marketplace and develop that service sector!
Competition is good! Reduced costs and improved efficiencies will result!
On Gov't in 'tug of war' with freight, cruise industries
Posted 14 May 2018, 3:50 p.m. Suggest removal