Is there a reason a company like commonwealth breweries or commonwealth bank, which rakes in tens of millions in profits cannot even pay a 19 percent corporate income tax (a fifth of what they would pay anywhere else) to fund our development instead of putting all the taxes on the poor and middle classes? There is, in fact, no reason for tertiary education not to be completely free, apart from the ignorance of the uncle tom clowns who govern us. We tax the poor and give the rich a free ride. The old Bahamian way...
You are about as strong an economist as the tax-dodging nitwit who wrote that clueless drivel. The Bahamas collects 18 percent of GDP in revenues (just about the lowest on earth) to fund its governance. This includes education, healthcare, police and everything else we all rely on. We do not even bother to collect the hundreds of millions in real property taxes that foreign owners don't bother to pay each year (but they happily pay them at home). Instead of collecting these taxes and placing a reasonable corporate income tax on companies like commonwealth breweries and banks that rake in profits of hundreds of millions, these clowns place a 12 percent VAT on the very people whose incomes drive all economic growth. Please change your moniker, because you are as much an economist as the clowns who are governing us.
Funny how this lousy FNM government is outraged and determined to go after Bahamian students for daring to get an education, but has no such outrage about the thousands of foreign family island landowners who owe many hundreds of millions in unpaid real property taxes. Back home, the government would take and sell for tax their land. In the Bahamas, the government is only interested in hammering the poor and local middle class for tax delinquency. Sickening crew.
I personally am a straight male who does not approve of the gay lifestyle. However, out of respect for my boyfriend, who is gay, I cannot tolerate this Buju coming here!
Has it not occurred to you that the much maligned Pindling remained in power so long because the people wanted him? This in turn had something to do with the far more blatant corruption and petty racism of the regime he replaced. As for Perry, did he ever win more than one term consecutively??
There has been a perfect example of a vote of no confidence. It was against Dr. Minnis in 2017 and it was successful in replacing him as leader of the opposition. Now, hopefully, the half-wits that comprise the FNM will find the sense to do it again and replace him as PM.....although the pickings are thin among said half-wits.
A 'national lottery' in a country of 400,000 people with an 'international' banking and financial services industry and 'international' real estate market? What a frankly dumb idea. We need a Bahamas based international lottery, just like Australia has. Why should we limit our scope to taking money from Bahamians? Why are we so stupid? Just like we plop a 12% VAT on our own nationals and ignore hundreds of millions of unpaid out island Real Property Tax that every foreigner expects to pay at home. We are a truly myopic and stupid people!
Whatever else he is, the economist is no economist. Devaluation of the Bahamian currency is a laughably impossible eventuality, given that the Bahamian economy is essentially an extension of the US economy and trades naturally in US dollars. Before devaluing, it would simply be ditched.
on what possible basis could the Bahamian currency be devalued? It is nonsense. All devaluation is is a policy option of governments of countries that EXPORT goods, as it makes those goods more easy to export. It is NOT a policy option of a country that imports everything. The most that would happen to the Bahamian currency in the event of an utter economic collapse is that it would essentially be replaced by the US currency, which Bahamians would turn to the use of. This is a silly debate.
momoyama says...
I mean't to say a 10 percent corporate income tax
On ‘WE’RE COMING FOR OUR MONEY’: $100m student loan debt forces hiring of collection agency
Posted 24 January 2019, 5:35 p.m. Suggest removal
momoyama says...
Is there a reason a company like commonwealth breweries or commonwealth bank, which rakes in tens of millions in profits cannot even pay a 19 percent corporate income tax (a fifth of what they would pay anywhere else) to fund our development instead of putting all the taxes on the poor and middle classes? There is, in fact, no reason for tertiary education not to be completely free, apart from the ignorance of the uncle tom clowns who govern us. We tax the poor and give the rich a free ride. The old Bahamian way...
On ‘WE’RE COMING FOR OUR MONEY’: $100m student loan debt forces hiring of collection agency
Posted 24 January 2019, 5:27 p.m. Suggest removal
momoyama says...
You are about as strong an economist as the tax-dodging nitwit who wrote that clueless drivel. The Bahamas collects 18 percent of GDP in revenues (just about the lowest on earth) to fund its governance. This includes education, healthcare, police and everything else we all rely on. We do not even bother to collect the hundreds of millions in real property taxes that foreign owners don't bother to pay each year (but they happily pay them at home). Instead of collecting these taxes and placing a reasonable corporate income tax on companies like commonwealth breweries and banks that rake in profits of hundreds of millions, these clowns place a 12 percent VAT on the very people whose incomes drive all economic growth. Please change your moniker, because you are as much an economist as the clowns who are governing us.
On DPM praised for putting country before politics
Posted 24 January 2019, 5:22 p.m. Suggest removal
momoyama says...
Funny how this lousy FNM government is outraged and determined to go after Bahamian students for daring to get an education, but has no such outrage about the thousands of foreign family island landowners who owe many hundreds of millions in unpaid real property taxes. Back home, the government would take and sell for tax their land. In the Bahamas, the government is only interested in hammering the poor and local middle class for tax delinquency. Sickening crew.
On ‘WE’RE COMING FOR OUR MONEY’: $100m student loan debt forces hiring of collection agency
Posted 24 January 2019, 1:20 p.m. Suggest removal
momoyama says...
I personally am a straight male who does not approve of the gay lifestyle. However, out of respect for my boyfriend, who is gay, I cannot tolerate this Buju coming here!
On CULTURE CLASH: Leave Boom Bye Bye in the past where the attitudes it champions also belong
Posted 24 January 2019, 10:44 a.m. Suggest removal
momoyama says...
Has it not occurred to you that the much maligned Pindling remained in power so long because the people wanted him? This in turn had something to do with the far more blatant corruption and petty racism of the regime he replaced. As for Perry, did he ever win more than one term consecutively??
There has been a perfect example of a vote of no confidence. It was against Dr. Minnis in 2017 and it was successful in replacing him as leader of the opposition. Now, hopefully, the half-wits that comprise the FNM will find the sense to do it again and replace him as PM.....although the pickings are thin among said half-wits.
On We must keep our flexibility
Posted 24 January 2019, 10:31 a.m. Suggest removal
momoyama says...
A 'national lottery' in a country of 400,000 people with an 'international' banking and financial services industry and 'international' real estate market? What a frankly dumb idea. We need a Bahamas based international lottery, just like Australia has. Why should we limit our scope to taking money from Bahamians? Why are we so stupid? Just like we plop a 12% VAT on our own nationals and ignore hundreds of millions of unpaid out island Real Property Tax that every foreigner expects to pay at home. We are a truly myopic and stupid people!
On CLIMBDOWN? Webshops set to win deal on new tax rates
Posted 22 January 2019, 7:44 a.m. Suggest removal
momoyama says...
Whatever else he is, the economist is no economist. Devaluation of the Bahamian currency is a laughably impossible eventuality, given that the Bahamian economy is essentially an extension of the US economy and trades naturally in US dollars. Before devaluing, it would simply be ditched.
On DPM blasts ‘unpatriotic’ 35% devaluation claim
Posted 17 January 2019, 6:18 a.m. Suggest removal
momoyama says...
on what possible basis could the Bahamian currency be devalued? It is nonsense. All devaluation is is a policy option of governments of countries that EXPORT goods, as it makes those goods more easy to export. It is NOT a policy option of a country that imports everything. The most that would happen to the Bahamian currency in the event of an utter economic collapse is that it would essentially be replaced by the US currency, which Bahamians would turn to the use of. This is a silly debate.
On DPM blasts ‘unpatriotic’ 35% devaluation claim
Posted 17 January 2019, 6:16 a.m. Suggest removal
momoyama says...
lolololol......perfectly said.
On Tourism: $630k for $22 song ‘illogical’
Posted 10 January 2019, 6:11 a.m. Suggest removal