Fiscal peril is unfortunately only the tip of the iceberg. Add to this:
1. Education - D national average 2. Infrastructure - BEC dysfunctional 3. Transparency and accountability in government is very poor 4. Too much government control and meddling in the economy (bec, w&s, btc, Cable/NewCo etc etc. 5. Too many hotels closed for repairs or just closed. Ocean Club, Baha Mar, Lyford Cay Club, etc. etc. 6. Zeka 7. Geriatric PLP leaders
A couple of Benjamins will get your lights on within an hour.
Don't call BEC, they don't even answer the phone and I am sure all those recorded messages you are leaving are just being ignored. They never ever call you back.
Dese foreigners ain no whats dey doin, at least my home boy tell it like it is and keep da light on. Now dey load sheddin even before dey get ma light on.
How can BEC power this new laundromat when they are load shedding?
My lights went off 3 times yesterday and only 80% of the people have power. Imagine what will happen the last 12,000 homes and businesses (the 20% currently not connected as of this morning) are connected to the grid.
We as Bahamian's need ta go back to da olden days and wash laundry by hand on a scrub board.
OMG, there is no need for the fisherman, construction work and other marginal people to declare and pay income tax, these guys don't do VAT returns either. The PLP is not after the small men, they are after the elite Bahamian business class and the foreign residents to pay the income tax.
I agree with you on devaluation, everything that is imported will go up but the number one cost of our tourism product is labor and this will go down in comparison to the hotels taking in US dollars. So the poor man will get squeezed just like he did with VAT. But the PLP will simply say the elite business man increased prices and is making a killing off of them after the devaluation. Ya just can't win wit dese negros.
Also, I don't expect them to manage income tax any better than the terrible management of the $600 million in VAT taxes already collected or the $100 million of gambling taxes already received. The almost $1 billion in extra taxes received so far has not made a dent in the government debt and I don't expect the income taxes received to make a dent either. The tax money collected is poring out through a big hole at the bottom of the bucket.
Most of our leaders are in their seventies so the sustainability of the Bahamian economy is not really their first priority. Christie says over and over that the rest of the world thinks we are rich, secretly he knows there is a lot of rich people around. The secret of the PLP is to part the rich from their money and blame them when the poor man gets screwed with higher prices.
Hi Viewersmatters, your recommendations I believe are not too far off of the mark of where the PLP and the Cabinet are going. The hurricane disaster provides a good excuse/rationale for the implementation of income tax.
If VAT revenues generated twice what was anticipated at $600 million, income tax and asset based duties on bank accounts could generate twice that at over $1 billion. This is especially true of offshore bank accounts of foreign residents are also taxed globally.
Also, with the implementation of income tax the PLP can eliminate customs duties which would put them in the good books of international free trade organization who seem to be all powerful.
Also, it wouldn't hurt to suddenly devalue the Bahamian dollar at the same time to make the Bahamian tourist product more competitive. It doesn't matter to the PLP because the poor people don't have any money in the banks to begin. Have you seen the long lines for food stamps recently?
I sense a populist change in the PLP philosophy where they will support the poorer/votes at the expense of the elite, who never supported them anyhow.
Government is being run as a big $2 billion business from the top straight down to the electrical linesmen who will only turn on your lights if he is paid a fee of $500. If you want your lights on, please don't call BEC, they will not answer your phone. Stop an electrical worker in the street. It doesn't matter what the politicians and electrical management say...watch the price of the fish in the market.
observer2 says...
Fiscal peril is unfortunately only the tip of the iceberg. Add to this:
1. Education - D national average
2. Infrastructure - BEC dysfunctional
3. Transparency and accountability in government is very poor
4. Too much government control and meddling in the economy (bec, w&s, btc, Cable/NewCo etc etc.
5. Too many hotels closed for repairs or just closed. Ocean Club, Baha Mar, Lyford Cay Club, etc. etc.
6. Zeka
7. Geriatric PLP leaders
I could go on and on but I will stop there.
On ‘Fiscal peril’: 120 per cent debt fear after next disaster
Posted 21 October 2016, 4:38 p.m. Suggest removal
observer2 says...
A couple of Benjamins will get your lights on within an hour.
Don't call BEC, they don't even answer the phone and I am sure all those recorded messages you are leaving are just being ignored. They never ever call you back.
On Sign of the times as nursery owner makes her point on electricity
Posted 20 October 2016, 8:04 a.m. Suggest removal
observer2 says...
2 tings fa sure in da bananas, i ga stay poor, black, uneducated and live in darkness...Lord of Mercy.
On Power loss leaves bed maker dozing
Posted 19 October 2016, 7:29 p.m. Suggest removal
observer2 says...
http://tribune242.com/users/photos/2016…
Dese foreigners ain no whats dey doin, at least my home boy tell it like it is and keep da light on. Now dey load sheddin even before dey get ma light on.
Lord have mercy.
On Power loss leaves bed maker dozing
Posted 19 October 2016, 7:27 p.m. Suggest removal
observer2 says...
http://tribune242.com/users/photos/2016…
Leslie please come back. We miss you.
On Power loss leaves bed maker dozing
Posted 19 October 2016, 7:25 p.m. Suggest removal
observer2 says...
http://tribune242.com/users/photos/2016…
On BPL doubles manpower as it aims to complete restoration of power
Posted 19 October 2016, 7:23 p.m. Suggest removal
observer2 says...
Leslie please come back. We miss you.
On BPL doubles manpower as it aims to complete restoration of power
Posted 19 October 2016, 7:23 p.m. Suggest removal
observer2 says...
How can BEC power this new laundromat when they are load shedding?
My lights went off 3 times yesterday and only 80% of the people have power. Imagine what will happen the last 12,000 homes and businesses (the 20% currently not connected as of this morning) are connected to the grid.
We as Bahamian's need ta go back to da olden days and wash laundry by hand on a scrub board.
http://tribune242.com/users/photos/2016…
On BPL places new business connect requests on hold
Posted 19 October 2016, 5:19 p.m. Suggest removal
observer2 says...
OMG, there is no need for the fisherman, construction work and other marginal people to declare and pay income tax, these guys don't do VAT returns either. The PLP is not after the small men, they are after the elite Bahamian business class and the foreign residents to pay the income tax.
I agree with you on devaluation, everything that is imported will go up but the number one cost of our tourism product is labor and this will go down in comparison to the hotels taking in US dollars. So the poor man will get squeezed just like he did with VAT. But the PLP will simply say the elite business man increased prices and is making a killing off of them after the devaluation. Ya just can't win wit dese negros.
Also, I don't expect them to manage income tax any better than the terrible management of the $600 million in VAT taxes already collected or the $100 million of gambling taxes already received. The almost $1 billion in extra taxes received so far has not made a dent in the government debt and I don't expect the income taxes received to make a dent either. The tax money collected is poring out through a big hole at the bottom of the bucket.
Most of our leaders are in their seventies so the sustainability of the Bahamian economy is not really their first priority. Christie says over and over that the rest of the world thinks we are rich, secretly he knows there is a lot of rich people around. The secret of the PLP is to part the rich from their money and blame them when the poor man gets screwed with higher prices.
On Cabinet says no to tax on alcohol
Posted 19 October 2016, 4:32 p.m. Suggest removal
observer2 says...
Hi Viewersmatters, your recommendations I believe are not too far off of the mark of where the PLP and the Cabinet are going. The hurricane disaster provides a good excuse/rationale for the implementation of income tax.
If VAT revenues generated twice what was anticipated at $600 million, income tax and asset based duties on bank accounts could generate twice that at over $1 billion. This is especially true of offshore bank accounts of foreign residents are also taxed globally.
Also, with the implementation of income tax the PLP can eliminate customs duties which would put them in the good books of international free trade organization who seem to be all powerful.
Also, it wouldn't hurt to suddenly devalue the Bahamian dollar at the same time to make the Bahamian tourist product more competitive. It doesn't matter to the PLP because the poor people don't have any money in the banks to begin. Have you seen the long lines for food stamps recently?
I sense a populist change in the PLP philosophy where they will support the poorer/votes at the expense of the elite, who never supported them anyhow.
Government is being run as a big $2 billion business from the top straight down to the electrical linesmen who will only turn on your lights if he is paid a fee of $500. If you want your lights on, please don't call BEC, they will not answer your phone. Stop an electrical worker in the street. It doesn't matter what the politicians and electrical management say...watch the price of the fish in the market.
On Cabinet says no to tax on alcohol
Posted 19 October 2016, 1:28 p.m. Suggest removal