It is rather sad to see a letter writer displaying such a fundamental lack of understanding of the country's grocery business actually works. If a head of lettuce is now selling for $5 it is because the cost of buying, importing, paying duty to the government , paying VAT to the government,paying the BPL bill to keep it cool, paying for the 5% or more spoilage, has increased to mandate that price. There is nothing sinister or greedy about this, it is simply the economics of business. There is only one viable alternative to the grocery stores selling a head of lettuce for $5, and that is not selling any lettuce at all. It is also revealing that the letter writer considers "snacks" to be an essential dietary component. Really? I mussa have grown up in a different generation when we had porridge oats for breakfast each morning.
This correlation being made between the reduction in the percentage ampunt of VAT charged and the subsequent rise in the amount of tax collected, while being politically pleasing to the governing party, is almost certainly a false equivalency fallacy. The collection of VAT has risen much in line with the increase in tourism spending, the increase in real estate transactions, and the increase in imports as the economy recovers a little. To assign the increase solely to the rate cut is too simple and probably incorrect.
Just maybe when the people involved in this titanic scam are named in a US court of law then one of the Bahamians honored by our late sovereign will have that honor rescinded. We can surely hope so.
It looks like the country is on track for yet another record braking number of murders this year. At this current rate we may well achieve 130 murders as December usually seems to the most murderous month of the year. It seems that there is nothing anyone has been able to do to stem the ongoing increase over the past half century. So sad.
The latest Commissioner of The Royal Bahamas Police Farce assured us all that he had a plan to implement to stem the rising tsunami of crime. He hoped to see the country end the year with less than 100 murders. One critical part of the Commissioner's plan was the appointment of several extra Assistant commissioners. At the current murder rate, the country should achieve over 130 murders by year's end. Perhaps the appointment of several more Assistant commissioners may help or maybe the plan was doomed from conception.
The other big unanswered question is who exactly gave the PLP party the money to enable it to pay this unexpected bill that they probably never expected to have to pay.
If Mr. Reid has any effect at all on the level of violence and the growth of gangs in the country then it will be very surprising. He will probably just become comfortably ensconsed in the well compensated government post that he has attained and contribute to the country about as much as the others in similar positions do. Any one heard from Rodney recently?
A very interesting survey that UB has done, It is, of course, nothing more than a survey but it may trigger some interest and further exploration of a very complex subject. Kudos to the researchers, you have the courage that should be expected from the young.
hrysippus says...
It is rather sad to see a letter writer displaying such a fundamental lack of understanding of the country's grocery business actually works. If a head of lettuce is now selling for $5 it is because the cost of buying, importing, paying duty to the government , paying VAT to the government,paying the BPL bill to keep it cool, paying for the 5% or more spoilage, has increased to mandate that price. There is nothing sinister or greedy about this, it is simply the economics of business. There is only one viable alternative to the grocery stores selling a head of lettuce for $5, and that is not selling any lettuce at all. It is also revealing that the letter writer considers "snacks" to be an essential dietary component. Really? I mussa have grown up in a different generation when we had porridge oats for breakfast each morning.
On The madness of shrinkflation
Posted 17 November 2022, 5:06 p.m. Suggest removal
hrysippus says...
This correlation being made between the reduction in the percentage ampunt of VAT charged and the subsequent rise in the amount of tax collected, while being politically pleasing to the governing party, is almost certainly a false equivalency fallacy. The collection of VAT has risen much in line with the increase in tourism spending, the increase in real estate transactions, and the increase in imports as the economy recovers a little. To assign the increase solely to the rate cut is too simple and probably incorrect.
On VAT’s ‘real’ 15% rise since January’s cut
Posted 16 November 2022, 9:54 a.m. Suggest removal
hrysippus says...
Just maybe when the people involved in this titanic scam are named in a US court of law then one of the Bahamians honored by our late sovereign will have that honor rescinded. We can surely hope so.
On Sarkis warns: I’ll reveal ‘illegal kickback’ proof
Posted 11 November 2022, 6:38 a.m. Suggest removal
hrysippus says...
Just business as usual for the PLP, corruption smeared from top to bottom. Does anyone need their roof re-shingled.
On CCA’s $2.4m to firm run by son of top PM adviser
Posted 9 November 2022, 6:35 a.m. Suggest removal
hrysippus says...
It looks like the country is on track for yet another record braking number of murders this year. At this current rate we may well achieve 130 murders as December usually seems to the most murderous month of the year. It seems that there is nothing anyone has been able to do to stem the ongoing increase over the past half century. So sad.
On Man found shot dead in car on Palm Breeze Drive
Posted 5 November 2022, 8:57 a.m. Suggest removal
hrysippus says...
The latest Commissioner of The Royal Bahamas Police Farce assured us all that he had a plan to implement to stem the rising tsunami of crime. He hoped to see the country end the year with less than 100 murders. One critical part of the Commissioner's plan was the appointment of several extra Assistant commissioners. At the current murder rate, the country should achieve over 130 murders by year's end. Perhaps the appointment of several more Assistant commissioners may help or maybe the plan was doomed from conception.
On Minnis: Crime consultants failing
Posted 2 November 2022, 8:57 a.m. Suggest removal
hrysippus says...
The other big unanswered question is who exactly gave the PLP party the money to enable it to pay this unexpected bill that they probably never expected to have to pay.
On PLP shows cheque for Bermuda trip payment
Posted 27 October 2022, 8:09 a.m. Suggest removal
hrysippus says...
If Mr. Reid has any effect at all on the level of violence and the growth of gangs in the country then it will be very surprising. He will probably just become comfortably ensconsed in the well compensated government post that he has attained and contribute to the country about as much as the others in similar positions do. Any one heard from Rodney recently?
On ‘Gangs in talks’ to curb violence
Posted 18 October 2022, 9:57 a.m. Suggest removal
hrysippus says...
I am from the government, and I am here to help... Wait, stop, why are you'll running away???
On PM to meet with retailers next week
Posted 16 October 2022, 10:33 p.m. Suggest removal
hrysippus says...
A very interesting survey that UB has done, It is, of course, nothing more than a survey but it may trigger some interest and further exploration of a very complex subject. Kudos to the researchers, you have the courage that should be expected from the young.
On ‘One in 12’ women raped by husbands
Posted 12 October 2022, 6:20 p.m. Suggest removal