For exceptionally wealthy Bahamian families like the Symonettes, Wilsons, Turnquests, Maynards, Butlers, D'Aguilars and so on, a 60% increase in a regressive tax like VAT is of very little financial consequence to them. What these wealthy families fear most, is the introduction of a progressive income tax or wealth tax regime, including exit taxes on that portion of their wealth they try to migrate to other countries.
Posted 21 June 2018, 2:10 p.m.
Notwithstanding your blog name, you really are in need of a serious dose of reality.
Posted 21 June 2018, 2 p.m.
Fully agree. Pratt clearly wrote from his heart in expressing his anguish shared by many of us old enough to remember much harsher times, but within a much more principled, respectful and crime-free society.
Posted 21 June 2018, 1:53 p.m.
Good for you Dawes! A well put excellent point on the discrimination inherent in the very corrupt process by which the 'select few' were granted essentially 'fake' licenses purporting to 'legalize' the racketeering money laundering and other illegal activities of their criminal empires against the wishes of the vast majority of Bahamians.
Posted 21 June 2018, 1:40 p.m.
Sadly, if the dimwitted Minnis survives another four years as PM, most Bahamians by then will have naturally succumbed to remembering Perry as being an almost angelic leader by comparison. Minnis as PM can only behave like a fish out of water.....gasping for air, flapping about everywhere and not knowing what to do!
Posted 21 June 2018, 1:22 p.m.
As you well know, the money laundering and other illegal activities of the web shop bosses you work for are 50% of our country's problem, while the remaining 50% of our problems are due to corrupt and/or incompetent politicians.
Posted 21 June 2018, 1:14 p.m.
I detect a note of cynicism in your post above which means you are likely either a foreigner or one of the few lucky Bahamians who has managed to migrate most their personal wealth to another country.
Posted 21 June 2018, 11:54 a.m.
Minnis has serious debilitating mental limitations that make him very insecure within his own skin. Consequently, he much too easily feels very threatened when not afforded undying loyalty. And this is the principal reason he will now do any and every thing that he can to try snuff out the political lives of the four FNM MPs that stood by the interests of their constituents and the vast majority of voters throughout the country on a most significant matter, i.e. the most outrageous and not well thought through surprise 60% increase in VAT from 7.5% to 12%.
Posted 21 June 2018, 11:43 a.m.
All one has to do is just read Minnis's lying lips!
Minnis's track record of lie after lie in his first year of office says it all. There's really nothing more any of us need to know about this dimwitted Doc!
Posted 21 June 2018, 11:37 a.m.
These low-life racketeering thugs (the fronting punk numbers bosses like Sebas Bastian and Craig Flowers) have caused the loss of thousands of good paying jobs in our legitimate financial services sector since the corrupt Christie-led PLP government defied the wishes of the vast majority of us as expressed in a duly held national referendum. And not a meaningful peep from Foulkes while our legitimate domestic and international financial institutions were laying off their employees with many more to come!
Posted 21 June 2018, 11:28 a.m.
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