FrustratedBusinessman. To drastically reduce our reliance of foreigners we can (1) convert to solar energy (Florida Power and Light now have an option to buy a portion of their solar fields to get all your power from solar. This would cut our oil bill in half (2) move to electric cars (3) make a real effort for agriculture (4) stop making school children having to wear cloths which need to be ironed (the iron uses the most electricity of any houshold appliance (5) we can put a freeze on massive gated communities and hotels which use up 80% of the energy and provide low paying jobs - well C19 got rid of them anyway (6) we can stop the cruise ships from polluting our oceans so we can expand our fishing industry.
There is lots we can do. It's just that the ppl in the ERC and the likes have us brain washed that foreigners are the saviours of poor black ppl.
TheMessenger. Why would they leave the Bahamas? they have already left Europe, Canada and the US with their billions which is shielded from Canadian capital gains tax (50%), US Cap gain tax (20%) and European Cap gains tax (30%). Bahamian capital gains tax (0%).
You can't build a country off of regressive VAT and customs duties....you need to tax billionaires. In any country 80% of the taxes are collected from 20% of the richest ppl. In the Bahamas poor ppl pay more taxes than the rich because there is no income tax.
That is why the bahamas is broke, will remain broke and the foreigners love it just the way it is. We have dumbed down our children for 50 years they don't even know they are dumb.
Look at the composition of the ERC? Where do these guys get their incomes from? They all have a vested interest in the status quo. Therefore none of their recommendations which were zeroxed from the PLP National Economic Plan are revolutionary.
By the time they tray to impliment any of it the PLP will be back in power...the first they will do is have another economic commission to figure out what to do.
By that time the bahamian dollar will be worth 50 cents.
The TRC is a worthless piece of paper that the OECD will see straight through.
Most foreigners don't keep their money or investments in Bahamian banks or brokerage houses.
They normally will have a Caymanian company which will then hold brokerage accounts elsewhere in the world.
The theory goes as follows (1) Live in the Bahamas (2) title your assets in Cayman and (3) bank in europe.
The TRC will be silent on the Cayman corps and european bank accounts.
Unless the foreigner wants the Bahamian government to know how many billions they have around the world. Turnquest will need to tax them once he figure out how much and where they are!
wake up bahamas....lets do some real industries like fish, farming, light manufacture, instead of trying to live off foreigners and tourist.
"the study found that in 2015 the Atlantis resort generated 10.6 percent of GDP and 9.3 percent of employment".
Ok, how much is Atlantis resort generating now? 0% of GDP....in fact its a net drain....they need to pay the staff their redundancy pay so they can get on with their lives.
Did the ERC report go into all the tax concessions and land donated to Baha Mar and Atlantis...on the backs of the poor Bahamians?
Did the ERC go into the sale of Atlantis in the leveraged buy out that Sol did and saddled the property with so much debt that can't even do renovations and the place is looking tired.
Then resold it to Brookfield .... I know Brookfield is crying in their beer that they didn't sell Atlantis when they had a good offer. Atlantis is cash flow negative, always was, always will be. Its a capital game of selling it forward to the next fool while getting freebees from Bahamains.
wake up bahamas...ya gettin swing again from rich foreigners and their puppets.
The ERC should be ashamed of themselves. All they talk about is foreigners this and foreigners that. There is nothing in this report for average Bahamian....but then again they never did have the best interest of the young man in Bain Town with no job, education or hope.
My position is still that the mega western gated communities, big box hotels are a net drain on society.
Who uses 90% of BEC's power and thus account for 90% of BEC's losses.
Who is utilizing massive amounts of low skilled foreign labor creating a massive drain on our educational, immigration and health care systems...included the big cay in Abaco?
Who "corrupted" successive governments so that there is no focus on the small man?
Who is destroying the wetlands for gated communities?
Who is digging for oil which will distroy our fishing zones?
Who is tearing up our sea beds, buying private islands, slicing off the most beautiful part of Eleuthera for a cruise ship port?
Who is living in a income tax free zone paying small amounts of regressive VAT and duties while making billions in the stock market?
Who is selling all of our sand and Bahamians are not making any money off of it except for a couple of UBPs. Watch what happens to the money when they strike all. None of it will trickle down to the poor.
ERC...please stop telling us that the foreigner is our savior.
There is no load shedding this summer because Atlantis, Baha Mar, Breezes, Sandals and Bay St are closed.
Excellent job BPL on not load shedding.
The Prime Minister is to be congratulated in shutting the country down and getting Covid under control.
Turnquest has found a way to keep all government employees on staff and hard at work by borrowing. We only have total debt of $10 billion. I think we can handle up to $20 billion. So no need to open up, load shed or anything else.
If I were Atlantis I would open back up under the emergency orders and hopefully in February in the middle of winter we will have a vacine so they can stay open and Minnis doesn't have to shut them down again.
Ohhh....but how do you do a tourist business with social distancing...how do you open the restuarants, bars, beaches, booze cruises, cruse ships....we are on the right path.
OMG, sorry, I was being cynical. I'm not suggesting that "outright theft from the tax payer should be overlooked". But theft is a very strong accusation and has to be proven in a court of law and someone will need to prosecute. This should take about 10 years. But with the pandemic, Covid 19 protocols and emergency orders in place the brown envelope is demonstrating that employees are thinking out of the box!
ThisIsOurs, I think the brown envelope to collect cash is much more effective than have a cash register at each post office.
Why have basic accounting internal controls like a cash register which is balanced out and closed everyday and all cash receipts deposited on a daily basis at the bank.
Its much easier just to collect the cash, don't give change and then use the cash for expenses. This is much easier because now you don't need to go to the bank.
Ohh, also, they don't accept checks unless they are certified and ohh, they don't accept credit or debit cards either.
cash only please.
This is a pandemic. no mail delievered. everyone gets to keep their jobs.
The US$600 million they just borrowed form foreigners at 9% when Bahamians are only getting 0% at the bank will easily cover these expenses.
We are in a state of emergency. No time to investigate hard working government employees. We are shut down to save lives.
Every year I pay my annual post office box fee for 40 years and the money is put into a legal sized light brown envelope and they never have any change for me. So I jokingly tell them to buy lunch with the change. Now I don't even get international mail since the pandemic started. OK, I better stop complaining...or else.
observer2 says...
FrustratedBusinessman. To drastically reduce our reliance of foreigners we can (1) convert to solar energy (Florida Power and Light now have an option to buy a portion of their solar fields to get all your power from solar. This would cut our oil bill in half (2) move to electric cars (3) make a real effort for agriculture (4) stop making school children having to wear cloths which need to be ironed (the iron uses the most electricity of any houshold appliance (5) we can put a freeze on massive gated communities and hotels which use up 80% of the energy and provide low paying jobs - well C19 got rid of them anyway (6) we can stop the cruise ships from polluting our oceans so we can expand our fishing industry.
There is lots we can do. It's just that the ppl in the ERC and the likes have us brain washed that foreigners are the saviours of poor black ppl.
by the way our leaders think the same thing.
On Lyford Cay wages equal $3k to all Nassau families
Posted 25 October 2020, 11:58 a.m. Suggest removal
observer2 says...
TheMessenger. Why would they leave the Bahamas? they have already left Europe, Canada and the US with their billions which is shielded from Canadian capital gains tax (50%), US Cap gain tax (20%) and European Cap gains tax (30%). Bahamian capital gains tax (0%).
You can't build a country off of regressive VAT and customs duties....you need to tax billionaires. In any country 80% of the taxes are collected from 20% of the richest ppl. In the Bahamas poor ppl pay more taxes than the rich because there is no income tax.
That is why the bahamas is broke, will remain broke and the foreigners love it just the way it is. We have dumbed down our children for 50 years they don't even know they are dumb.
Look at the composition of the ERC? Where do these guys get their incomes from? They all have a vested interest in the status quo. Therefore none of their recommendations which were zeroxed from the PLP National Economic Plan are revolutionary.
By the time they tray to impliment any of it the PLP will be back in power...the first they will do is have another economic commission to figure out what to do.
By that time the bahamian dollar will be worth 50 cents.
On Lyford Cay wages equal $3k to all Nassau families
Posted 25 October 2020, 11:47 a.m. Suggest removal
observer2 says...
The TRC is a worthless piece of paper that the OECD will see straight through.
Most foreigners don't keep their money or investments in Bahamian banks or brokerage houses.
They normally will have a Caymanian company which will then hold brokerage accounts elsewhere in the world.
The theory goes as follows (1) Live in the Bahamas (2) title your assets in Cayman and (3) bank in europe.
The TRC will be silent on the Cayman corps and european bank accounts.
Unless the foreigner wants the Bahamian government to know how many billions they have around the world. Turnquest will need to tax them once he figure out how much and where they are!
wake up bahamas....lets do some real industries like fish, farming, light manufacture, instead of trying to live off foreigners and tourist.
On Bahamas to eliminate abuse by tax dodgers
Posted 23 October 2020, 3:52 p.m. Suggest removal
observer2 says...
"the study found that in 2015 the Atlantis resort generated 10.6 percent of GDP and 9.3 percent of employment".
Ok, how much is Atlantis resort generating now? 0% of GDP....in fact its a net drain....they need to pay the staff their redundancy pay so they can get on with their lives.
Did the ERC report go into all the tax concessions and land donated to Baha Mar and Atlantis...on the backs of the poor Bahamians?
Did the ERC go into the sale of Atlantis in the leveraged buy out that Sol did and saddled the property with so much debt that can't even do renovations and the place is looking tired.
Then resold it to Brookfield .... I know Brookfield is crying in their beer that they didn't sell Atlantis when they had a good offer. Atlantis is cash flow negative, always was, always will be. Its a capital game of selling it forward to the next fool while getting freebees from Bahamains.
wake up bahamas...ya gettin swing again from rich foreigners and their puppets.
On Lyford Cay wages equal $3k to all Nassau families
Posted 23 October 2020, 3:01 p.m. Suggest removal
observer2 says...
Sheeprunner. The ERC says these other communities and islands don't count.
On Lyford Cay wages equal $3k to all Nassau families
Posted 23 October 2020, 2:57 p.m. Suggest removal
observer2 says...
The ERC should be ashamed of themselves. All they talk about is foreigners this and foreigners that. There is nothing in this report for average Bahamian....but then again they never did have the best interest of the young man in Bain Town with no job, education or hope.
My position is still that the mega western gated communities, big box hotels are a net drain on society.
Who uses 90% of BEC's power and thus account for 90% of BEC's losses.
Who is utilizing massive amounts of low skilled foreign labor creating a massive drain on our educational, immigration and health care systems...included the big cay in Abaco?
Who "corrupted" successive governments so that there is no focus on the small man?
Who is destroying the wetlands for gated communities?
Who is digging for oil which will distroy our fishing zones?
Who is tearing up our sea beds, buying private islands, slicing off the most beautiful part of Eleuthera for a cruise ship port?
Who is living in a income tax free zone paying small amounts of regressive VAT and duties while making billions in the stock market?
Who is selling all of our sand and Bahamians are not making any money off of it except for a couple of UBPs. Watch what happens to the money when they strike all. None of it will trickle down to the poor.
ERC...please stop telling us that the foreigner is our savior.
Bahamians need to save ourselves.
On Lyford Cay wages equal $3k to all Nassau families
Posted 23 October 2020, 2:52 p.m. Suggest removal
observer2 says...
There is no load shedding this summer because Atlantis, Baha Mar, Breezes, Sandals and Bay St are closed.
Excellent job BPL on not load shedding.
The Prime Minister is to be congratulated in shutting the country down and getting Covid under control.
Turnquest has found a way to keep all government employees on staff and hard at work by borrowing. We only have total debt of $10 billion. I think we can handle up to $20 billion. So no need to open up, load shed or anything else.
If I were Atlantis I would open back up under the emergency orders and hopefully in February in the middle of winter we will have a vacine so they can stay open and Minnis doesn't have to shut them down again.
Ohhh....but how do you do a tourist business with social distancing...how do you open the restuarants, bars, beaches, booze cruises, cruse ships....we are on the right path.
Well done FNM!
On BPL pulls plug on 8,700 late payers
Posted 23 October 2020, 8:25 a.m. Suggest removal
observer2 says...
OMG, sorry, I was being cynical. I'm not suggesting that "outright theft from the tax payer should be overlooked". But theft is a very strong accusation and has to be proven in a court of law and someone will need to prosecute. This should take about 10 years. But with the pandemic, Covid 19 protocols and emergency orders in place the brown envelope is demonstrating that employees are thinking out of the box!
On Consular staff abused finances
Posted 23 October 2020, 7:55 a.m. Suggest removal
observer2 says...
ThisIsOurs, I think the brown envelope to collect cash is much more effective than have a cash register at each post office.
Why have basic accounting internal controls like a cash register which is balanced out and closed everyday and all cash receipts deposited on a daily basis at the bank.
Its much easier just to collect the cash, don't give change and then use the cash for expenses. This is much easier because now you don't need to go to the bank.
Ohh, also, they don't accept checks unless they are certified and ohh, they don't accept credit or debit cards either.
cash only please.
This is a pandemic. no mail delievered. everyone gets to keep their jobs.
On Consular staff abused finances
Posted 23 October 2020, 7:35 a.m. Suggest removal
observer2 says...
The US$600 million they just borrowed form foreigners at 9% when Bahamians are only getting 0% at the bank will easily cover these expenses.
We are in a state of emergency. No time to investigate hard working government employees. We are shut down to save lives.
Every year I pay my annual post office box fee for 40 years and the money is put into a legal sized light brown envelope and they never have any change for me. So I jokingly tell them to buy lunch with the change. Now I don't even get international mail since the pandemic started. OK, I better stop complaining...or else.
On Consular staff abused finances
Posted 23 October 2020, 6:50 a.m. Suggest removal