The fact of the matter is.In the long run government bail outs will further hurt the economy and the people more so than help. All government spending will eventually need to be replenished by some form of taxation. Let the private institutions deal with giving out small business loans.These institutions use their own personal money to fund these loans and they have a more stringent measures in place to ensure that the monies are going to the people who will actually pay it back and invest it into their business and stimulate the economy. And the end of the day this process would work out better and leave more money in the taxpayers pockets and less of a strain on our Bahamian dollar.
jmeadows says...
The fact of the matter is.In the long run government bail outs will further hurt the economy and the people more so than help. All government spending will eventually need to be replenished by some form of taxation. Let the private institutions deal with giving out small business loans.These institutions use their own personal money to fund these loans and they have a more stringent measures in place to ensure that the monies are going to the people who will actually pay it back and invest it into their business and stimulate the economy. And the end of the day this process would work out better and leave more money in the taxpayers pockets and less of a strain on our Bahamian dollar.
On Bahamas left facing 'God awful situation'
Posted 29 March 2020, 9:52 a.m. Suggest removal