TerenceRollins

3 Vote

BahamaPundit 6 years, 6 months ago on BUDGET: VAT to rise from 7.5 percent to 12 percent

BANK OF THE BAHAMAS... WE WANT ANSWERS... NO NEW TAXES WITHOUT FREEDOM OF INFORMATION ACT... REDUCE PM PENSION FROM 250K TO 100K... GET RID OF BISX AND URCA... NATIONAL LOTTERY... CLOSE BAMSI AND URBAN RENEWAL... GIVE THE DEFENSE FORCE BOATS BACK!!!

3 Vote
2 Vote

BahamaPundit 6 years, 6 months ago on BUDGET: VAT to rise from 7.5 percent to 12 percent

You want a riot. This is how you get a riot!!! You want to get run out the country. This is how you get run out the country!!! You want more crime. This is how you get more crime!!!

3 Vote

proudloudandfnm 6 years, 6 months ago on BUDGET: VAT to rise from 7.5 percent to 12 percent

Groceries will go up now thanks to the new work load and added customs clearance.

And they are using that idiotic move as though eliminating from bread basket equalizes the new rate. Liars and hypocrites.

3 Vote

BahamaPundit 6 years, 6 months ago on BUDGET: VAT to rise from 7.5 percent to 12 percent

Magine how this will kill the restaurant industry!!! 30% extra taxed on a meal that wasn't all that to begin with.

BRING THE BRITISH BACK!!!

3 Vote

Sickened 6 years, 6 months ago on BUDGET: VAT to rise from 7.5 percent to 12 percent

And Brave... don't start rubbing your grubby little hands together... you still ain't getting back in power. We may be dumb but we ain't PLP!

1 Vote

Well_mudda_take_sic 6 years, 6 months ago on BUDGET: VAT to rise from 7.5 percent to 12 percent

Repost:

Here are the well known ingredients of a downward economic death spiral that Minnis and Turnquest refuse to accept:

Higher taxes results in more private sector business failures;

More private sector business failures results in greater private sector unemployment;

Greater private sector unemployment results in more social welfare costs plus significant growth in non-productive public sector employment caused by dumb politicians trying to buy votes on the backs of private sector taxpayers faced with ever increasing taxes;

Ever increasing taxes on the private sector results in even more business failures and even greater private sector unemployment;

And down and down the death spiral we go as our nation's economic well being gets flushed down the proverbial toilet by our dumb politicians who allow themselves to be led by the nose by international agencies (IMF, OECD, IDB and the like) that represent their own foreign interests without any regard whatsoever for the interests of Bahamians.

We are at the perilous mercy of Minnis (a not-so-good medical doctor) and Turnquest (a not-so-good bean counter), neither of whom is capable of passing an economics 101 class, and neither of whom is willing to downsize the head count and costs of our grossly over-bloated government / public sector. The future holds no hope for us as long as these two clowns (Minnis and Turnquest) are pulling the 'budget strings'.

1 Vote

Well_mudda_take_sic 6 years, 6 months ago on BUDGET: VAT to rise from 7.5 percent to 12 percent

Yes, but Minnis and the other buffoons in his cabinet must all be booted out for this most treacherous act.

2 Vote

TerenceRollins 6 years, 6 months ago on BUDGET: VAT to rise from 7.5 percent to 12 percent

Barely a year in power? No achievements no real change. I guess the 'People's Time' was an imaginary first 12 months. Cabinet millionaires need not worry though. Please step forward DNA - assuming there'll be anyone left in the Bahamas who can afford to live here and stay to vote.

3 Vote

Well_mudda_take_sic 6 years, 6 months ago on BUDGET: VAT to rise from 7.5 percent to 12 percent

To add insult to this treacherous hike in VAT injury they have inflicted on us, Minnis and the other buffoons in his cabinet have introduced budget policies that will effectively exempt most in the illegal Haitian immigrant community from this outrageous increase in VAT. Simply unbelievable and unbearable! We, the Bahamian people, have been betrayed by Minnis as the devil incarnate who has now fully revealed that he does indeed have two horns coming out of his head. It was supposed to be "the people's time", but we, the Bahamian people, find we have been betrayed and royally screwed - not by the PLP but by the FNM this time. We cannot allow this foolish and most harmful increase in VAT even if it means we must march en masse to parliament to do whatever needs to be done to right this terrible wrong.

3 Vote

joeblow 6 years, 6 months ago on BUDGET: VAT to rise from 7.5 percent to 12 percent

And this is exactly why I am against income tax. Politicians never keep their word (except Trump it seems), taxes always go up, they never go down and government waste continues unabated.

Meanwhile I still don't know how much they have collected in VAT this year and where it has been spent!

3 Vote

Well_mudda_take_sic 6 years, 6 months ago on BUDGET: VAT to rise from 7.5 percent to 12 percent

Taxes, duties, fees, etc. on individuals with a gross income under $50,000 now greatly exceeds the tax burden imposed by developed countries with a lower cost of living. As for small and medium-sized businesses in our country today, many of them can be expected to close their doors or fail. The VAT increase to 12% is the nail in the coffin of a nation that was still struggling to cope with the introduction of a 7.5% VAT.

1 Vote

Well_mudda_take_sic 6 years, 6 months ago on BUDGET: VAT to rise from 7.5 percent to 12 percent

Where is your economic common sense? This VAT hike is a further decease in the purchasing power of Bahamians which is nothing but a disguised devaluation of the Bahamian dollar.

6 Vote

BahamaPundit 6 years, 6 months ago on Ouch! Peter turns the screw on VAT

WE REFUSE TO PAY ANOTHER DIME UNTIL THE POLITICIANS WHO STOLE 80 MILLION DOLLARS FROM BANK OF THE BAHAMAS ARE PUT IN JAIL!!!! ISN'T IT STRANGE THAT MUDDLED MINNIS HAS AUDITED EVERY GOVERNMENT COMPANY EXCEPT BANK OF THE BAHAMAS???

1 Vote

Well_mudda_take_sic 6 years, 6 months ago on Ouch! Peter turns the screw on VAT

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