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A national lottery is not a novel idea.
A national lottery is not a novel idea.

A member of parliament who always gives the appearance of taking his role seriously is Jeffrey Bostic the former Defence Force Colonel and representative for the City. During one of his interventions in the Estimates Debate 2014-15 he reflected on the need for Barbados leadership to be motivated by the protracted economic crisis  to think ‘outside the box’.

Those who listened to the Estimates Debate this week there was the feeling of same old same old. There was no feeling of anticipation in response to government programs to be rolled out. Many of the contributions reminded BU of what was observed on the campaign trail. It must be evident to the independents that bipartisanship in the House of Assembly at this time will always be elusive in our style of government.

The challenge for the government is one of spending wisely and finding creative ways to add new revenue streams. We can’t continue to maintain our conspicuous consumption lifestyle and stop finding ways to pay for it. It should have been obvious to the government after a couple years into the economic downturn that Barbados would have to take firm decisions to support our lifestyle. Austerity policies will always attract a hue and cry but it is a no-brainer to hurt a few to protect the many, it is one of  the laws of nature.

The recent Article IV IMF report mentions the government of the day asked to delay the process until after the last general election. In other words winning a general election was placed above national interest. Barbadians were also reminded by a former DLP strategist that the campaign thrust was to attack BLP personalities and not the economy. It is a sad commentary Barbadians who are reputed to have an enviable education system were swayed by a platform message which targeted personalities and not more substantive issues. No wonder we have sane individuals who prefer to be governed under a benevolent dictatorship.

What can government do to raise revenue without squeezing the good  guys some more? Although there has been no concerted effort by government to impose an aggressive sin tax strategy, there has been NO attempt to tap in on Barbadians love affair with gambling. Why has the government continue to give the private sector free rein to profit from gambling? The taxes gambling companies pay can never offset the ready market which exist in Barbados to guarantee profits.

During Minister David Estwick’s   contribution to the Estimates Debate he made the point that as a country we need to determine the level of support we want to give to healthcare, BU adds education and transport. He suggested a 1% levy on incomes. BU says NO, no more taxes. What we recommend instead is for the government to establish a NATIONAL LOTTERY and the monies raised be allocated to support free healthcare as a good start. If in the guava season our consumption habits drive the government and others to  profligate at the expense of a hard working  middleclass, let us make decisions which will redirect gambling revenue to the government treasury and not a few millionaires.

Like prostitution gambling will not go away. The time has come to marshal our resources to the benefit of the many – plundering the NIS Scheme is not the answer.


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100 responses to “Time for a National Lottery”


  1. David:
    We happen to know that Barbados right now is being inundated with a myriad of Ponzi schemes. And all types of society people are involved in pushing these gambles where only a few people will benefit from the hard earned money of the gullible. After all this is a Christian society. That in itself requires more than a modicum of gullibility. You would not believe the names of the people who are involved. The last one we heard of was “Wake Up” or something so. More frightening is that it was one of these schemes that caused an economic collapse in, we seem to remember, Panama or the DR. Fundamentally, this irrational underground mal-economy is a harbinger of things to come and represents a basic lack of confidence in what you like to call the formal economy. This recklessness will soon come to an end. For it must. The saddest thing is that the social class Blacks who are now to be bilked by this confidence trick are tacitly admitting that everything they liked to fouled us about regarding their sophistication (pseudo) was and is a fcuking lie. Nuff poor people with thousands under their mattresses gine cry too! Dispute formal resistance, for many years, all these thought leaders and petite bourgeois people with their miseducation now have to offer the country is gambling. What a sad state!


  2. @Pacha

    It boggles the mind why we allow a few rich people to prey on the gullible and ignorant in society. What is the role of government if not to protect the vulnerable and gullible from themselves.


  3. @ David
    Casino capitalism has long come, to Barbados!


  4. @Hants

    It is not a novel idea just that Barbados has not tried it yet.


  5. “What is the role of government if not to protect the vulnerable and gullible from themselves” … Where is this written ..? Seriously. If by Government you are referring to the political administrators, well that has never proven to be the case. Political administrations are basically business entities that attract conniving exploitative opportunists. However if by Government you are referring to the Public Sector administration, well basically they comprise mainly (with a few exceptions) of bureaucrats that live to draw salaries and travel at the public’s expense.

    Frankly there is no genuine “protection of the public” agenda … irrespective of the many agencies that have been set up with this as the excuse. A “capitalist democracy” feeds on its citizens; it does not “protect” them. In fact it sells its citizens to the highest bidder as a captive market … for utility provision for example, and rest assured that along with the selling of the National Oil Terminal company, the NPC and ports of entry will be auctioned off in quick order. Political Parties, my ass…


  6. BTW, Barbados had a National Lottery and apparently some money got stolen. For this reason there was never a second attempt. I do recall though that the Olympio lottery was to have been nationalized five years after it was started. This was to give the original investors time to recoup their investment. This never happened of course, OSA put and end to that by allowing the two established lotteries to combine, after having forgiven the Turf Club a $20 Mil debt to the Treasury. Political Parties, my ass …


  7. “OSA put and end to that by allowing the two established lotteries to combine, after having forgiven the Turf Club a $20 Mil debt to the Treasury. ”
    THE BELOW INFORMATION INDICATES THAT YOUR STATEMENT IS FALSE.
    Government to write off BTC $19 million debt
    11/29/2008
    THE Barbados Turf Club (BTC) no longer have to repay a debt of $19 million owed to the Government of Barbados.

    Newly elected President of the BTC, Sir David Seale, told Barbados Turf Club stakeholders Thursday evening at an Open Forum meeting held in the Incitatus Members Lounge, Garrison Savannah, that the Government had forwarded them a letter confirming that the $19 million debt owed by the club for many years will finally be written off.

    Sir David took the opportunity to thank the government for taking this decision, as it now opens the way for the Barbados Turf Club to go forward in a positive way.

    He said in addition to writing off this old outstanding debt, the government had also given them some other helpful concessions, such as what is given to Agriculture.
    THE DEBT WAS FORGIVEN IN THE SAME BUDGET THAT MR DAVID THOMPSON UNLEASHED SOME OF THE MOST DRACONIAN TAX MEASURES EVER IMPOSED ON BARBADIANS- WATER RATES INCREASED BY 60%; LIQUOR LICENSE FROM $300.TO $1000.; CAR REGISTRATION FROM $265 TO $400. WITH NO REFUND IF VEHICLE NOT OPERATIONAL. BABF YOU NEED TO GET YOUR FACTS STRAIGHT.


  8. I’m not adverse to ideas that emanate from outside. Where the idea is robust and can be implemented – fine. However a National Lottery for Barbados? No Sir!

    Lotteries the world over are bad. Firstly, it negates the responsibilities of Governments to practise good governance. Secondly, it allows private companies to amass huge profits on the backs of the poor and the not so poor. Thirdly it is the poor who suffer as they will lose a greater proportion of their incomes. Fourthly, it stymies the mind-set of the individual to ameliorate their life’s through sheer hard work and from developing an entrepreneurial spirit.

    The UK for many years has a system in place which allows individuals to invest up to a maximum of £50,000 in a scheme called premium bonds. Each month they have a prize draw with a maximum prize of one million pounds; and a minimum prize of £25. The beauty of this scheme is that you can withdraw your savings at your leisure. You may never win a single penny/dime, however unlike a lottery your money will never disappear.
    By the way premium bond holders do not receive interest on their savings. The reason for this been that it will undermine the banking system.


  9. A national lottery is a great idea, pay as well as play at your own risk as I often say. A new source of revenue for the small island of Barbados perhaps? But let’s not forget though that the Devil is always in the detail. It looks like we’re going to need a lot more psychologists, psychiatrists, and psychotherapists, to provide the necessary counseling for the addiction that is associated with this game.

  10. pieceuhderockyeahright Avatar
    pieceuhderockyeahright

    @ Pachamama

    You said and I quote “all these thought leaders and petite bourgeois people with their miseducation now have to offer the country is gambling”

    This is the meat of the matter that we have men and women of such singular, unremarkable stock and intellectual stature that all they can come up with at this 11th hour is “how to implement a national ponzi”

    Even if these impotent men and women were to say something like (1) over the last six years they have, with the help of the IDB created a website, am enhanced BU website that allowed Bajans, particularly those who have been sent home (retrenched workers) to submit briefs of initiatives for consideration by competent evaluations (2) the site would be subdivided into themes so that a submission on a health solution would be ultimately allocated to a review team with the requisite qualifications in that subject. (3) like the $11 million that tourism flittered away on that promotion recently, a budget of $2 M would be allocated to this ideas bank and the best of the submissions would be paid $1,000 each (4) if my maths is good that would allow for 2,000 best of breed ideas to be collected and rewarded ACROSS THE ENTIRE ISLAND!!! (5) as opposed to the waste foop ideas of a single inconsequential competition to harvest ideas at the outdated Enterprise Growth Fund and the National Council for Science and Technology one would have created a constant reaping portal for national subscription. (6) when the good ideas win you publish the names of the winners on your ideas lotto site with an even briefer summary of the proposed idea to ensure that our ever vigilant competitors don’t Reid the ideas (7) the specific entity that has evaluated the first stage of the submission invites the proposer in for ongoing dialogue and development of the concept with requisite HR and technical assistance being secured from the various international funding agencies that are currently complaining that there is nothing useful that the GOB is working on (8) as hard as it will be for you clowns, keep the process of submissions of briefs and the awards of winnings transparent and clean of your normal tiefing practices and let all the Bajans participate in this National Ideas Lotto and get the positive recognition that the mega six winners and quick pick winners get pun a week for the games of chance that are doing nothing to advance our country

    The facts of this matter is that wunna are devoid of any ideas, barren like mules. Not everybody is going to be an Einstein but, in realizing your shortcomings you need to solicit the ideas of men and woman who have more talent in their big toe than you will ever amass in your entire lives.

    Government is to enable its citizenry not compete with it and seek to become businessmen in the process.

    Recognize that when chosen to lead what the purpose and remit was for and your election to parliament does not make you an adept Donald Trump

    Do the job you were hired to do or go to phuck home


  11. @Exclaimer

    All BU has posited is that a few are currently raking in the millions from the lotteries gambling which already exist. The government should be controllimg and not a few millionaires.


  12. I made this very point via e-mail to a moderator on brasstacks a while ago only to be told about the rejection one could expect to come from the direction of the church. I have felt for quite some time now that the first step towards rebuilding our fledgling tourism industry is the establishment of casino gambling, a number one attraction anywhere that tourists frequent.To take the next step and establish a lottery to my mind is even better. The pitfalls to which the naysayers always harp about are already here and have been for quite some time now.


  13. balance .. my apologies. Thompson did indeed forgive the debt, but it was OSA that encouraged the lotteries to merge. The ownership of Olympio was to have passed to an NGO, the BOA. Maybe OSA thought it best to keep the lotteries in place as business entities so as tax them.

    To the above …”Government is to enable its citizenry not compete with it and seek to become businessmen in the process..” where is this written ..? What you are saying is that Government is to encourage its citizens to exploit each other for profit. That is diametrically opposed to the notion that “Government is to protect the venerable and gullible from themselves ..” Who among is neither vulnerable nor gullible ..?


  14. @ exclaimer…points one, two and three, none more glaringly than #1 Is already upon us so where are you going with your argument?


  15. As Sargeant reminded us Barbados has been punching above its weight class mainly because of friendly external conditions and negligiable competition from other tourist destinations in the region. IF we want to support rampant conspicious consumption we have to do what we have to in order to survive. There is deminishing revenue from the economic model in place. This is the reality.

  16. millertheanunnaki Avatar
    millertheanunnaki

    @ Hamilton Hill | March 23, 2014 at 7:40 AM |

    How about adding the decriminalization of the use of marijuana to the list?
    If you agree to that you would be on par with the miller on the score sheet for the much needed social’ structural adjustment that ought to occur to replace the national moral hypocrisy imposed by the smug minority of financial conmen (including the religious mafia) that pervades the land.

    Why should the boys on the block be “criminalized” for smoking and trading in marijuana while millionaires are legally allowed to fleece the populace via legalized gambling and to legally deaden their senses of the masses through the licensed sale of alcohol?

    As was called for many months ago it’s time a national Health Lottery be set up to help fund the QEH and other ‘free’ primary health care services offered to the public.


  17. Why would the MOF choose to tax credit union assets rather than the assets of the current owners of the so-called Sport lottery….?
    Who exactly owns this lottery?
    How are the proceeds used?
    Why would government need to forgive $20M Turf Club debt when a sport lottery exists?
    Who oversees these things?


  18. @Bush Tea

    You know the answer, the deep pockets, the shadows who control things.

    BTW why are we selling to Kyffin Simpson if word on the street is to be believed.


  19. Now, let the PDC imagine that there were more and more persons in Barbados, who simply wanted to have money for their own personal purposes, but who wanted such money without taking active roles in the political economy and services industry sectors of the country.

    And let us say that they were also these different business partnerships functioning at different levels in the process of the production and distribution of goods and services in this country at a certain time, and let us say too that there was no passing on of goods and providing of services by these persons of these partnerships to those other persons who wanted money for personal purposes, and furthermore let us say then too that the business partnerships got no money from the persons who wanted money for their own personal purposes, so they were no remunerations accorded to the same partnerships at that time.

    Now, let us say that days later there was greater and greater production and distribution of goods and services by the business partnerships mentioned above in the context of what they had set about to do and what they had actually done with these goods and services ( ie to get/got money) at a given time, and these things notwithstanding, how they were not given any money by potential customers ( including all of the same business partners ) to have or get the use of them, principally because the potential consumers (not the idlers who wanted money) – although they had money – saw no purpose in giving money to the business partners (every business partner therefore had no money to give the others too).

    Now, let us state too that eventually there would be no more production and distribution of goods and services by the business partners, and hence no remunerations for them in their respective realms at the given time concerned.

    But, let us say though that in spite of there having been less and less production and distribution of goods and services by the said business partnerships in the context of their intentions to get out of business, they were now being given more and more money by their customers (including all of the same business partners) to have or get the use of such goods and services at such a time, principally because these customers saw much purpose in continuing to give some monies to these business partners (although the latter had fewer and fewer purposes for money, given that there were making fewer and fewer goods and services available) ( and each business partnership was giving each other a little more money).

    Now, let us say too that – in addition to those idlers having no purposes for money – eventually there would be no production and distribution of goods and services by the business partnerships, as that they – the latter – would have no purposes for them, and there would be no remunerations following for them in their respective realms at the given time concerned.

    Well, the major reasons for the PDC proffering those suppositions is to show many people seeing this information on here (BU) that THEORY OF DEMAND FOR AND SUPPLY OF GOODS AND SERVICES is absolute rubbish, and that the greater the number of money lotteries and money gambling games there are in Barbados that the greater the amount of recycling of money by persons that will lead to absolute redundancy of use of money and therefore to no remunerations being generated.

    If there is an amount of money ( $500) in a given road, and every person who uses that road passes over it, it is not serving any purpose what so ever. If there is an amount of money ($ 1 million) in a set of gambling dens or in financial institutions, and nobody in the dens or the financial institutions uses it whilst it is in those dens or institutions, it is not serving the purpose to which money is intended whatsoever.

    Therefore nobody used it for income, expenditure purposes, which signified no production and distribution of goods and services in that context.

    It is this production and distribution of goods and services that associates with the quality of life of so many persons in Barbados.

    For without the producers and distributors and customers of non-money commodities and services in Barbados intending to ultimately use such commodities and services and too without their actually getting the use of such non-money commodities and services to ultimately get money (remunerations), and too without their intending to use money to ultimately get non-money commodities and services and too without their actually getting the use of money to ultimately get non-money commodities and services (social psychological satisfaction advantages), there will be relative declines in production and distribution of goods and services provided by the relative persons, thus affecting the quality of life for the relevant people in Barbados at a given time.

    PDC


  20. @David,
    I understand what you have written. Perhaps the government should be raising more taxes from the gambling industry. However, I believe that regardless of the scale of the revenue raised it would never be quite enough irrespective of the government in control. Sadly it would be wasted.

    Pieceuhderockyeahright stated that the government where an unremarkable stock, singular, and lacking in intellectual stature. Pachamama believes that our thought leaders and the petite bourgeois were simply mis-educated.

    You stated that “We can’t continue to maintain our conspicuous consumption lifestyle and stop finding ways to pay for it. It should have been obvious to the government after a couple years into the economic downturn that Barbados would have to take firm decisions to support our lifestyle……”.

    David we are reaping what we sow. Tiny Barbados has been sold and has bought into the political system referred to as “neo-liberalism”. Should we blame those “so called leaders” who have steered Barbados to the position that we now find ourselves? No! Sadly, we the people get what we deserve.


  21. Piece

    Sorry to deflect from the top before deliberation but why do you feel the need to discourse with such voluminous verbiage? When it is a known fact that concise writing conveys a more effective message. I just feel that your superfluous, pedontic and oratorical flourish
    Poisons the perspicuity the blog has to offer because my attention is fixed else way whenever you writes. In others words, your colossal contribution kills the collegiate spirit on the blog in my estimation.


  22. @Dompey

    One more and your are out.


  23. QEH Trust should set up a lottery rather than raise fees by 75%. Is there any truth to the rumor that the lotteries rake in over $100M yearly while only paying out just over $30M?


  24. We have to sell to Kyffin because he has helped pay the salaries of public workers in a debt swap.


  25. @ Hamilton Hill,
    Everybody likes to win money – me too! Playing the lottery on a random basis such as once a year or once a month will not do damage to the normal person. However both of us know that it is often the poor and the least educated who are addicted to the lottery.

    Would it not be better for our society if we as individuals became entrepreneurs in order to supplement our incomes and our lifestyles rather than looking at giving away our money to these private lottery companies where we have almost zero chance of winning.

    Premium Bonds are a safe and prudent form of “gambling”. I have enclosed a link.
    http://uk.ask.com/wiki/Premium_Bond?lang=en


  26. David

    It is predestined David. I’ve had this weird cacophony in the in the dark domain of my mind that my days are numbered here on this blog sir. But just remember this before you pull the switch David: partiality of opinion leads to self – righteousness brother.


  27. The Barbados Turf Club owing any government millions in taxes.

    What rubbish?

    We should have been the owners of some large private entity in Barbados, and saw any government of Barbados come telling us we owe it millions in taxes.

    Surely, we would use up much money and other things to help get the rid of that government and to help install one that does not TAX.

    For, the MONEY OF BARBADOS that the government seeks does not belong to it, but belong to ALL Barbadians to be used fairly and properly in the relevant commercial or financial processes.

    Barbadians have already given up electronic numbers, or alternatively access to foreign exchange to get the prescribed foreign entities to make and send here this Barbados money.

    Moreover, there is no money cost ever to any person or business or any other entity – including the government of Barbados, any where in the country, USING money.

    Hence, the real actual cost of use of money that is experienced by any person or other relevant entity is a contrived imposed aggregate cost by many Barbadians and other entities – including government and financial institutions – to the remunerations of all the relevant entities – except the financial institutions and the government generally.

    PDC


  28. Yeah………word on the ground in Bim is that Simpson will pick up the whole kit and kaboodle, BNOC, Gas, Transport Board, let’s wait and see, as usual the politicians are keeping secrets from the electorate who pay their salaries.


  29. Pacha utters the cliché “we are a Christian society”. Apart from having a lot of churches and a lot of church attendance especially at funerals, I wish someone would spell out what makes us specifically “Christian”. Dompey uses the word “self-righteous”. Has that got something to do with it? Or the lottery of heaven or hell?


  30. @Well Well

    Get it right, it is Barbados National Terminal Company (BNTC) and not BNOC.

    http://www.barbadosadvocate.com/newsitem.asp?more=3Dlocal&NewsID=35425


  31. We we close our eyes and pray our sovereignty as well the legacy entrusted to us by our ancestors for future generation are stolen thru our sheepishness.

    Our concerns are beers at 4 for ten and change a cellphone every time another model is rolled out while the women are caught in expensive remy hair and nail extensions. Most Bajans are docile gullible naive spectators to life behaving like crab in barrels when one of their kind break ranks of the Sheeple.


  32. Thanks David, saw the name but was thinking of something completely different.


  33. Don Knoxx…….nicely put, have to add that the many excess millions (after the 30 million is paid out) earned annually through the lottery scam off the backs of gullible bajans go directly to supporting the local minorities and their family, friends, etc, they are close knit and close ranks, it is more than glaring that most of them are not in the system working but yet lead far from poor lifestyles while driving expensive vehicles, they are known to be lazy but continue to act like they are masters of the majority.


  34. Domey

    I fah one likes you bad bad bad … Alright so you got a beef, but you know how to slap words together .. HA HA HA HA ..!

    Exclaimer

    “No! Sadly, we the people get what we deserve.”
    … What the fcuk are you talking about. I am a member of “the people” and I sure as hell do not believe that I deserve any of this BLP/DLP, Central Bank, EGFL, Fund Access, Commercial Bank, Productivity Council, Public-Private sector partnership, BOLT, FTC Board shite that presently passes for development infrastructure.


  35. Dompey

    See…you now have three fans…BAF, Well Well and me. Keep up the good work….err


  36. BAF

    You know any poets?


  37. Yes we know there is collateral damage to gambling addicts but it hasn’t stopped the Canadians. eh!!!

    “A little-known fact about the Ontario Lottery and Gaming Corporation: It’s the number 1 source of non-tax revenue for the province of Ontario. And the almost $2 billion in revenue the OLG generates each year exceeds contributions from other big crown corporations such as the Liquor Control Board of Ontario and Ontario Power Generation.

    When Sault Ste. Marie consolidated its two aging hospitals into one modern, new facility, it decided to put $13 million in casino revenue toward the building of the Sault Area Hospital.

    And in Hamilton, the approximately $4.6 million in annual revenue from OLG Slots at Flamboro Downs is rolled into general city revenues.”


  38. @Hants

    What those who don”t agree fail to grasp is whether a national lottery or private we already have them with just a few benefiting.


  39. When the Gov’t finally establishes a Lottery run by an NGO or a board with links to Gov’t the question from this vantage point would be “what took you so long”? They can’t be blind to the popularity of gambling in one form or another to certain sections of the populace. They must have been cognisant of the success that “Bingo” enjoyed on Rediffusion or how the Haloutes parlayed (pardon the pun) Federal Racing Service on Nelson St. to a gastronomic empire fuelled by Bajans love of chicken.

    “Sin taxes” on products e.g. tobacco, alcohol or activities e.g. gambling has long been the preferred route of Gov’ts in the more developed countries when they are devoid of ideas on how to increase revenue or to mollify certain sections of the community who may object to the activities. In Holland they have found a way to tax the oldest profession, so “if you can’t beat em join em” there are always a lineup of people willing to be exploited.

  40. HAMILTON A HILL Avatar

    @ Miller… I have no problem with the decriminalization of marijuana and have said so before. Vodka and black label whiskey are my choices and if they were deemed illegal ,believe me I would be a law breaker since I hold fast to the rights of consenting adults. From the comfort and privacy of my humble abode I thoroughly enjoy a social sip and that has made me no lesser or greater a person than any other, and to my mind is no more sinful than the religious zealot that hides behind the robes of salvation all the while molesting our little boys and/or wreaking the lives of the unsuspecting females all in the name of CHURCH..The haven of hypocrisy.

  41. HAMILTON A HILL Avatar

    @ Exclaimer….all that I am telling you is that you are seeking to protect us from what is already upon us. In other words de horse dun bolt long time. When the slot machines first surfaced we heard those same concerns then they died. I suspect that if this did indeed come through, the same will obtain.
    We have to try something. Right now the hurt is spreading faster than a plague does. Few have….some want…..many need.


  42. A lottery would work very well but only if the purchase of tickets was made in US$. It is US$ that we are short of and that are in decline. If people take saving they have in Barbados dollars to buy lottery tickets the assumption is the government will end up with more Barbados dollars in their treasury. The government will spend these dollars and the things they spend them on, be it wages or materials. will lead to FX leaks.

    Whether you ask Barbados residents to take a little of their savings or a lot and give it to the government who eventually spend it, the effect is the same, just more or less of it. As a extreme example to show what happens when savings are used to pay for things that create FX leaks here is an example. If every person on the island decided to withdraw all their savings to go and buy a new car, the eventual effect would be that when the supplier of the cars needed to be paid in US$ there would not be enough US$ in the CBB to cover. We have this problem of importing everything and selling it on the island with a currency that can not be traded into the currency that we have to eventually use to pay for the items we imported.

    Comparing to lotteries in countries that have free trading not restricted currency exchange is like comparing apples and oranges. There are significant differences between the two.


  43. Choose any example you like but the OLG model is the one that gives back the most to Government.
    ” It’s the number 1 source of non-tax revenue for the province of Ontario and generates almost $2 billion in revenue each year.

    Another example of government using “Sin” profits.

    “$1.7 billion Dividend the LCBO transferred to the Government of Ontario for 2012-13 (excluding taxes).

    For the record

    MOUNT GAY ECLIPSE RUM
    Barbados | Mount Gay Distilleries Ltd.
    LCBO 64444 | 750 mL | $ 31.95 CANADIAN or about $57 Barbados.

    We can cut the b e and face the fact that Barbados is already a big de facto gambling den.

    I stopped for a beer at a little rum shop in Black rock and they were 3 Slot machines.I did my duty as a visiting BajanCanadian and donated $50bds to the machine.lol

    Nuff said.


  44. Hants…..the only difference is the government in Barbados only just started taxing lottery winnings after so many years AND in Canada you are warned not to bank on winning the lottery, know your limits and stick within it….lol


  45. @SITH

    You are missing the point, a National Lottery assumes that existing privately owned will be nationalised. There is thefefore only a different beneficial owner which becomes local. A few of the existing gambling operations are non Barbadian which translates to management fees.


  46. What about history continually repeating itself where the government of the day might start the lottery but then sell it to private entities, lose lose situation again.


  47. @David

    At the moment anything that gives the Government more money to spend that manifests in a reduction of our FX reserves is a bad thing. If lottery winnings could only be used to reduce deficits and the Government were increasing FX reserves it would be a good thing. We all need to spend less money, not more. That is one significant way to get out of the FX crisis we are in.


  48. The benefit from private ownership of lotteries is political campaign donations.

    Lotteries should be Government owned. The profits can be used to build hospitals or in the general revenues like they do in Ontario.


  49. David
    Is there a wrong with foreign own companies operating in Barbados? Adam Smith said that: it makes better sense to buy a commodity cheaper abroad rather than producing it at an expense cost at home.

    David, outsourcing is a new feature of the global economy in its modern context. We have to be globalistic in our approach to business because where would India and China (the two poorest countries in the world some thirty years) be today if they thought as some do in Barbados today? We have to be open – minded with respect to business, this xenophobic approach to business must stop if we’re hoping to achieve any meaningful progress in Barbados.

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