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The following was posted by Artaxerses on the blog Notes From a Native Son: Reshuffling Sinckler Out of the Cabinet Needn’t Be Painful
Minister of Finance Chris Sinckler
Minister of Finance Chris Sinckler

Have we conveniently forgotten:

That the Minister of Finance and Economic Affairs, Christopher Sinckler said his life had been threatened and as a result, he is currently being ‘detailed’ by member of the local constabulary. He was reported as saying…..“On my way here I received a call from my secretary [telling me to] come back because a Superintendent from the Royal Barbados Police Force Special Services wanted to speak to me on a security matter… He told me that they had credible information that two people were overheard planning to shoot me.” What is the status of this investigation? Has the police Special Branch made any progress in determining the reason behind this alleged “hit” or the identities of the alleged “assassins”?

Sinckler’s comment that school children were being allowed to travel free on Transport Board buses as a measure of security, because they were being taken in and out of Barbados for the purpose of prostitution. Does not his statement contradict those reasons given by David Thompson’s during the 2008 budget presentation?

Sinckler’s revelation that he was reliably informed of a discussion held in a BLP secret meeting, which suggested…… should the BLP be elected to office in 2014, they would retrench 10,000 civil servants?

Will we be correct in viewing these comments as “red herrings”, the sole purpose of which, was to distract all and sundry from important issues, especially at a time when Sinckler was apparently under pressure?

Sinckler the politician = 100%
Sinckler as MoF = Reshuffle

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202 responses to “We Want to Know…”

  1. Bush Tea Avatar
    Bush Tea

    Can’t see why you ‘corrected’ that phrase PDC….neither the original NOR the “corrected” phrases makes any sense…..
    …but both sound sweet as $&%#¥ though…. Ha Ha

  2. The People's Democratic Congress Avatar
    The People’s Democratic Congress

    To the person going by the pseudonym – Prodigal Son

    We have been going through those types of questions so many times on here and elsewhere.

    You can go back to a contribution we had made on here under a particular thread on the 24th of February, 2014, to find out how we and so many others in Barbados would essentially go about fashioning a post-TAXATION society for Barbados.

    One thing must also be made very clear by us, to you too, that the statuses of workers of the government – called public workers by many people in Barbados – will be no longer, under a winning coalitional regime of which the PDC will be part, as that such statuses will evolve into the statuses of partners in State Partnership Incorporated – a proposed new entity to manage the affairs of the government of this country.

    PDC

  3. The People's Democratic Congress Avatar
    The People’s Democratic Congress

    For those people in Barbados who are seriously interested in forming a foundation against TAXATION in Barbados, visit voluntaryist.com, and you will see a very good anonymously filed essay there – not on how to go about forming it, but about addressing the question: Do You Really Owe Those Taxes?

    Read it!!

    It does make compelling reading.

    PDC

  4. Hal Austin Avatar
    Hal Austin

    PDC

    We got you on taxation. But do you have a wider manifesto? So you plan to contest every constituency if a general election is called?

  5. The People's Democratic Congress Avatar
    The People’s Democratic Congress

    To the person going by the reference Let’s Impeach The DLP

    We wish to let you know that when Dr. Clyde Mascoll was Leader of the Opposition in government, he conveyed to us how it would be a political master stoke, were a PDC government to ABOLISH TAXATION in this country.

    We were not part of the Coalition of Unified Parties of Barbados then.

    At the time, we were insisting that he understood our Theory of NO-TAXATION.

    PDC

  6. The People's Democratic Congress Avatar
    The People’s Democratic Congress

    Artaxerxes,

    You wrote in the relevant contribution above, the following: “If PDC accepts Rothbard’s theories (which? and about?), it proves what David and the others were saying all along (how could one assume an assertion and not knowing whether it is correct or not, conclude by saying “it proves”, leaves us wondering where you are coming from?) (that) your NO-Taxation policy is just an idea because as a theory (now you are again fallacizing here), it was formulated without evidence that it will be sustainable in the short or long term. It has not undergone any economical hypothesis testing to substantiate it could work”.

    We do not know if you are a serious supporter of the inductive method in science, but what we will categorically write again now for the benefit of your understanding, and this time more clearly, is this: that our NO -TAXATION theory is based also on the hypothetico-deductive method in science.

    You obviously know that they are theories that are formulated without the necessary evidence to support parts of them at given times.

    When we become part of a certain winning coalitional regime, and we begin to put the alternatives to TAXATION in place, this will be when much of the testing of the relevant empirically testable hypotheses and the gathering of proper evidence will be figure.

    PDC

  7. David Avatar
    David

    @PDC

    You obviously don’t understand that any platform agenda you promote will have to withstand a certain rigour.

  8. The People's Democratic Congress Avatar
    The People’s Democratic Congress

    Hal Austin,

    The question of having a manifesto would have to be directed to a decision of a particular meeting of the CUP and held at the appointed place and time in the not too distant future to decide upon that question.

    We are hoping to run as many candidates as possible.

    Can you assist us in getting more of the right candidates to contest the next elections? Or assist in the formation of a new viable forward looking people-centred party to contest the next elections?

    For, as it stands now, an unprecedented huge number of prospective voters in Barbados are calling for the removal of the DLP and BLP from the political landscape of this country.

    There is therefore the distinct possibility of a new disciplined well organized nationalist developmentalist people-centered political organization winning a general election in this country in less than five years from now.

    The DLP and BLP are two old and irrelevant intellectually moribund political species that must be got the rid of by the broad masses and middle classes of Barbados from the political governmental landscape of this country as soon as possible.

    PDC

  9. are-we-there-yet Avatar
    are-we-there-yet

    PDC;
    I have been sporadically following your “no taxation” proposals and think that it needs a lot of work. You have not shown how this system will work in the real world. The examples of countries quoted appear to be ones which have instituted “No Income tax” where income tax has been replaced by other taxes. Those jurisdictions work reasonably well.

    But no taxes whatsoever! It seems to be a pipe dream. Show us how you are proposing to get the resources to run the essential institutions in the country and support the needy.

  10. Former Banker Avatar
    Former Banker

    Most of these banks have US, Pound Sterling and Canadian accounts in these major cities with Banks thus it’s fraudulent of the banks. The most these foreign draft and cheques should be held for for if the need be is 36 hours.

  11. David Avatar
    David

    @Former Banker

    Yes but the banks overseas have to process and clear those checks overseas the same way we do in Barbados no? Maybe Sargeant can help here.

  12. Artaxerxes Avatar
    Artaxerxes

    @ PDC

    “If PDC accepts Rothbard’s theories (which? and about?); (how could one assume an assertion and not knowing whether it is correct or not, conclude by saying “it proves”, leaves us wondering where you are coming from?) (that) your NO-Taxation policy is just an idea because as a theory (now you are again fallacizing here)”

    This is utter rubbish, you have made an irrational generalisation of an absolute statement.

    Instead of trying to over analyse contributions of other individuals, place your efforts in clearly explaining your policies. For example:
    What are the long-term and short-term implications of a no taxation policy on Barbados?
    Under such a policy will we see an abolishment of the civil service?
    If not, will taxes be replaced by duties as is done in the Bahamas and Bermuda to pay public sector employees and provide social services?
    How will the Central Bank fit in this scheme of things?
    How do the economies of those countries with no taxation policies differ from that of Barbados?
    Will Barbados have to forego any treaties or MOU’s it has signed with the international rating agencies and financial institutions?
    Will there be a change in the constitution in the event that you will not follow our present parliamentary system?
    How will you manage the overall economy?

    This is the type of information people are interested in reading about. Stick to the topic of explaining the idea.

  13. Bush Tea Avatar
    Bush Tea

    @ Artaxerxes
    Boss…
    Surely you can take a hint by now…… 🙂

  14. Yagga Rowe Avatar
    Yagga Rowe

    Artaxerxes
    Are you trying to help the PDC fine tune their approach
    by your arguments ?
    I am sure that you are helping by your counter points.
    As one open to debate , I see your contribution as -help -even if you did not mean to help. By engaging the discussion you are contributing. The next step is to combine forces.

    Please note that I am not happy with your statement that I does write lot o shite. I am not happy about that statement at all because I believe that all views should be respected and that there is always something that can be had from anybody even if in rejection of the persons writings or approach it galvanizes you in a particular direction and help you to focus on your own thoughts and ideas. I do not like the idea of dismissing people as though people do not matter. Everyone matters: Everyone is important. Everyone has a role to play.

  15. The People's Democratic Congress Avatar
    The People’s Democratic Congress

    To the person going by the reference Are-we-there-yet,

    There is on http://www.brennerbrief.com/15-countries, a bit of a compilation by a named person that makes mention of 15 countries that do not “pay income taxes”, and there are Monaco, Kuwait, Bermuda, UAE, Andorra, British Virgin Islands, Qatar, Bahamas, Oman, Brunei, Cayman Islands, Anguilla, Maldives, Turks and Caicos and Vanuatu.

    Now, no one pays income taxes, for, in the first place, the government is stealing robbing a person, business, or any other entity of their remuneration properties. In the second place, nominal remunerations are – for the PDC – grouped into four categories productive or commercial incomes, commercial revenues, non-commercial revenues, and transfers (we will deal with such at a later time in this intellectual dynamic). So, there is the fact that all taxes are remuneration taxes. The government is therefore stealing robbing countless portions of the remunerations of others on an ongoing basis. We do not know why you placed income taxes in brackets, in your contribution above, but what we do know is that there is not one form of TAXES (income taxes). Well, we regrettably for a long time used to think so, until a few years ago, when we realized that there are really different areas of business activity that cannot reasonably be providing a “one size fit all” description for all the money coming into them, even though the latter (the concept/activity of all the money coming in thereto) can be referred to – as a general type – as remunerations received, but in using this description, it still providing for allowances for the differences in the ways remunerations are actually given and got – hence the four groups of remunerations.

    It must be very clear to careful readers of our posts that we are therefore, when writing on here about the ABOLITION of TAXATION, dealing with ALL remuneration TAXES – not just income taxes a la the 15 countries named above.

    It is from all remuneration taxes – taxes on productive/commercial incomes, taxes on commercial revenues, taxes on non-commercial revenues, taxes on transfers, and from which there are derived those money proceeds.

    So, in our NO-TAXATION theory, we are dealing with the ABOLITION of ALL TAXES in this country. How we and many others are going to go about doing that and the theoretical outlines of the strategies/programs that we and they intend to use to help us do so, and to replace TAXATION, you can get a little insight from in a contribution that we made on here under a particular thread sometime ago on the 24 of February, 2014.

    So, there you go.

    PDC

  16. Yagga Rowe Avatar
    Yagga Rowe

    The Government is taking my money without my Consent

  17. Artaxerxes Avatar
    Artaxerxes

    @ Yagga Rowe

    “Everyone matters: Everyone is important. Everyone has a role to play.”

    Your point is taken, you are absolutely correct.

  18. David Avatar
    David

    @Artax

    Yes all opinions matter but if in your opinion the opinion offered is arrant nonsense or irrelevant why not show honesty and say so?

  19. Artaxerxes Avatar
    Artaxerxes

    @ PDC

    There are no personal income taxes in Brunei, Qatar, Kuwait, Oman, or UAE. However, what these countries have in common is the exportation of crude oil, petroleum and natural gas. These economies of these countries are supported by revenues earned by the importation of oil and its derivatives, as well as from taxing foreign owned companies. For example, Brunei is supported by revenue earned by the export of crude oil and natural gas, and substantial income from overseas investments supplements income from domestic production.

    The economies of Monaco and Andorra are supported predominately by tourism. Monaco is famous for its casino gambling, while tourism makes up approximately 80% of Andorra’s GDP.

    There are no natural resources in Barbados, in which potential investors can invest. And unlike the countries listed above, business conditions are not conducive in Barbados that would attract millionaire or billionaire investors, as it relates to the facilitation of such investment. Then what is there to invest in?

    In essence, revenues earned from oil exports are used, in lieu of taxes, by the government to provide all necessary goods and services.

  20. are-we-there-yet Avatar
    are-we-there-yet

    OK;

    I think we are now getting somewhere.

    As I now understand it the PDC seems to be proposing that ALL taxes be abolished. The various private sector agencies and individuals will earn their money without Government putting its hands in their pockets and extracting taxes. Government’s services would be funded substantially by Government itself earning monies from its ownership of land and various productive paying enterprises, such as perhaps Hotels, Sugar Factories, Cricket teams, other sports teams, ships, aircraft, apartments, etc. I.e. Government will be competing with the private sector in making money but that money will be used entirely to fund the various Defense, welfare and other necessary enterprises that cannot make money on their own.

    Sounds like something that could be debated. First question; How would this brave new system be more efficient and less corrupt than the current one?

  21. The People's Democratic Congress Avatar
    The People’s Democratic Congress

    Artaxerxes,

    We note the unwarranted and uncalled for attack on Yagga Rowe.

    We deplore it.

    We wish that you would leave that for the political platform.

    Here is not the medium to carry out such personal attacks.

    Attack us politically instead.

    Too, you accused us of having made an “irrational generalization of an absolute statement”, but we are yet to understand where is the evidence of this.

    Your slip seems to be showing.

    Anyhow, we agree with you that we must continue to explain many aspects of our NO-TAXATION theory for the benefit of the greater understanding of those who are reading these particular PDC posts about this NO-TAXATION theory/policy.

    But, what we must tell you is that many of the questions you asked in your 9.47 am, April 14, 2014 blog, we have previously provided information on in our various posts on BU over the years.

    For instance, as it relates to the question of the abolition of the civil service.

    Though we have not said that we will abolish the public sector, what we have said on many occasions – on BU – is that there shall be the restructuring, redevelopment and, where necessary, the reconstitution of government sector.

    First of all, therefore, what we have in many of those instances stated, and which we now reiterate, is that, under a certain winning coalitional political regime, there shall be the removal of the British Monarchy as Head of State of this country (assuming that on our coming to office this shall still be the case).

    The British Monarch shall no longer be head of the executive affairs of the government of this country.

    The Head of such affairs shall be an elected Executive President – a clearly proven citizen of this country – (first for a trial period of a few years elected by the majority of a popularly elected Executive Cabinet of the government – then after that, he/she shall be popularly elected by a majority of voters of this country at elections held for such a purpose at a fixed date.

    He/she shall be charged – ultimately/after the Secretary of Finance – with making sure that the government is constantly on a strong rational financial, commercial, material and social footing on the basis of equally strong and viable commercial business development investment trading marketing technological programs and strategies.

    An essential part of this proposed change to a republican form of government, is that there shall be no swearing of any official oaths by the non-elected partners of State Partnership Incorporated, to any overseas head of state, or to any local or foreign office, or to any body here or overseas. Only the nationally elected partners of State Partnership Incorporated shall have to swear official oaths of allegiance to the people of Barbados, unless it shall be against their consciences to do so.

    The PDC has also often stated that the government sector shall – in the context of the Abolition of TAXATION – be made more entrepreneurial, commercial and industrial than ever before, whilst at the same time still being able to carry out its social, welfare, security, physical development and foreign affairs responsibilities.

    As such, the principal organizing structures shall no longer be the Ministry, Statutory Corporations, companies, and so on and so forth, under the control of government, but shall be – as the PDC has often promulgated many times before – those principal ones mainly helping to constitute a new state management entity that shall be responsible for managing the entire affairs of the government.

    We have often said too that this shall mean that the owners of this new entity shall be the partners of it, whether it relates to its central or to its subsidiary operations, to its judicial arm or its legislative arm or executive arm.

    There shall be the redundancy of the Service Commissions and their functions in the context of this new managerial administration dispensation. Each division or subsidiary of State Partnership Incorporated shall create, and from time to time, elect its own committee – from within or without the division or subsidiary – for the establishment of recruitment, training, discipline, promotion, transfer of partners within each division or subsidiary etc. Each shall be responsible for leading the division or subsidiary. In the final analysis, each committee shall – on a majority or unanimous basis – make such recommendations as are necessary in regard of recruitment of other partners, training, discipline, promotion, transferment, for the majority of partners of the division or subsidiary, at a set meeting, at a set date, to decide upon – to accept, reject, vary, postpone a decision, etc.

    This new national partnerships dispensation shall also involve the social political evolution from the statuses of workers, to the statuses of partners, and this shall apply to whom so ever, where so ever, not only in the public sector, but also the private sector, in the NGO sector and any where else workers were found at the time of the enactment of this legislation indicating the coming about of partnerships as the only multi-member corporate business entities possible across those various sectors in Barbados.

    Where it relates to the question of critical information concerning the operations and functions of every partnership, it shall be the law that every partner in any partnership enterprise in any sphere of the jurisdiction of Barbados, shall have the legal right to have that all the very important necessary information reportage from the managing partners (called them that now) of the partnership, to avail themselves of, as theirs, for their retention, reading, studying, and most importantly for the facilitating of their effective participation in and control of the particular partnership.

    They shall also have the legal right to call for, and to secure a quorum, for any official corporate meetings of any partnership as a means for helping to secure relevant written or spoken details records about the goings on of these partnerships.

    Such revolutionary changes shall – in respect of the government sector – mean the absolute and necessary dispensing with the OffIcial Secret Act and regulations, directions and other rules falling there under.

    As well, it must be the case that there shall be no business concerning public that shall be regarded as protected by means of secrecy, other than that which is in the interest of the national security of this country.

    So, there you go.

    PDC

  22. Sargeant Avatar
    Sargeant

    @David
    Yes but the banks overseas have to process and clear those checks overseas the same way we do in Barbados no
    +++++++++++
    “Former Banker” should be more explicit, if the Banks have accounts in other countries those accounts will have no bearing on the clearing of cheques drawn on other accounts in those countries

  23. David Avatar
    David

    @Sargeant

    If Republic bank in Barbados sends its US checks to a bank in the US to clear the checks will then have to be sent via their clearing systems to other US banks no? In the BU comments overseas is the incorrect word to use.

  24. Sargeant Avatar
    Sargeant

    @David
    If Republic bank in Barbados sends its US checks to a bank in the US to clear the checks will then have to be sent via their clearing systems to other US banks no
    ++++++++++++
    In a word yes, the Bank in the US will have to clear the cheque through its clearing system, but there are thousands of Banks in the USA and their clearing system may be more complicated that the system in Canada or Barbados for that matter.

    Another complication in dealing with cheques issued in the USA, the Bank in Barbados may not be able to clear via another Bank in the USA and it may have to send the cheque via snail mail on “Collection” to the issuing Bank which may mean a wait of several weeks before the Bank on which the cheque is drawn returns the funds by Draft or some other means of payment. I suspect that is where the four or six weeks waiting period is applied.

  25. Sargeant Avatar
    Sargeant

    @David
    BTW cheques drawn on Banks in England are also sent on “Collection” as has happened to relatives of mine. The Bank will take the cheque and give you a receipt but the credit doesn’t show up in your until several weeks after

  26. Artaxerxes Avatar
    Artaxerxes

    @ PDC

    Now we’re getting somewhere… your contribution was coherent and informative. That’s all we were asking… for you to clearly state your policies, and now you have done so, it’s left to us to read and comprehend it.

  27. The People's Democratic Congress Avatar
    The People’s Democratic Congress

    Artaxerxes,

    You said in the last paragraph of your 1.43 pm blog, under this thread, that “In essence, the revenues earned from oil exports are used – in lieu of taxes by government, to provide for necessary goods and services”.

    Now, if we were to proved something to you, it is the following.

    In the petroleum exporting countries that we referred to out of the 15 countries, the revenues are not earned from the exportation of petroleum and its derivatives.

    The revenues are got from the use of money by the exporter customers.

    The revenues do not provide for any goods and services.

    The revenues provide for remunerations to the relevant others and the basis for Taxation.

    But before going any further let us here now recite another fundamental principle concerning Money and its uses in Barbados – that there can be no incomes or revenues given by customers/clients to business people, businesses, or their agents, without representation by money and its actual use by the customers/clients.

    Well, what you may call incomes/revenues might – in fact – be just computer numbers in the exporters’ accounts in overseas financial institutions.

    So, assuming that you are dealing with actual money, here is what we do further remark.

    That the amount of incomes/revenues available to the export countries will be determined by the amount of denominations of foreign money in circulation (USDs, British Pounds, etc) given the vast number of people competing for their uses, and its real actual cost of use. So realistically those are the principal ways incomes/revenues are determined, and not in any ways by the amount of petroleum exported by those countries. If those foreign incomes/revenues are artificially juxtaposed with local incomes/revenues, then the amount of localized incomes/revenues available to the exporters are determined by the amount of denominations of local money in circulation, given the number of local people and businesses competing for its uses, and its real actual cost of use.

    The truth though is that overseas revenues (if represented in USDs or Pounds) cannot be artificially juxtaposed with local incomes/revenues without dealing with the use of the local currency of the particular export country. So to the extent that the government would otherwise tax the foreign revenue of oil exporters, only allows it – in the face of others competing for the use of local money – to use an amount of local money that is relatively fixed out of their core financial system – relative to the likely/actual proportion of taxed foreign revenue – to give towards the remunerations of the people who are to get remunerations in the context of the provision of necessary goods and services.

    Finally, what can be deduced from these types of happenings is that the more in foreign numbers that are subtracted for purposes of artificial taxation numbers, the less of actual money that is AVAILABLE POSSIBLE out of the core financial system for remuneration purposes for those within government providing goods and services and for those doing business with government, and the less in foreign numbers that are subtracted for purposes of artificial taxation numbers, the more of actual money that is AVAILABLE POSSIBLE out of the core financial system for remuneration purposes for those within government providing goods and services, and for those doing business with government.

    So we posit that because there is (less) taxation on the incomes/revenues of petroleum exporters, and because of so relatively fewer people, businesses and other entities competing for the use of so much money than the millions and millions are, say, in Great Britain, are two of the primary reasons why they are able to properly give transfers to government workers and persons doing business with any of those rich oil states.

    And we posit that because there is ( much) taxation on the commercial revenues and the non-commercial revenues of the export sectors of Barbados, and that because there are so many people, businesses and other entities competing for such little money, are two of the primary reasons why the government of Barbados has been for a long time unable to properly give transfers to government workers and those doing business with the government.

    These fiscal/financial outcomes therefore have nothing to do with the abundance of mineral or convertible resources, or the lack of them, in a country. But every thing to do with the correct availability of money, the amount of people or sectors competing for its uses, and the level of real actual cost of use of money.

    But these amounts of money that are actually coming out of the core financial system, will continue to get substantially less and less as the government gets more and more significant artificial credit transfers out of the core financial system here (which mainly allows the government to get the CFS to give more money to the remunerations of public servants and those doing business with the government) and as it has to eventually make greater and greater artificial debit transfers to the same core financial system here over time (which mainly allows the government to get the CFS to give less money to the remunerations of public servants and those doing business with the government) – these described financial happenings – involving the government of Barbados – do contribute hugely to the astronomically high real actual cost of use of money in the country right now.

    PDC

  28. The People's Democratic Congress Avatar
    The People’s Democratic Congress

    To the person going by the reference are-we-there-yet

    You asked: “how would this brave new system be more efficient and less corrupt than the current one?”.

    Legally, constituents elected to Constituency Assemblies – at voting time – will have the power to initiate, debate and pass the laws of this country.

    They will do so in the said Constituency Assemblies. There will be one Assembly located in each constituency. These Assemblies will make up the Legislature of Barbados.

    It is in these Constituency Assemblies that Sovereign power and authority shall REST with the people of Barbados.

    Around 200 seats in each of these Assemblies shall be vied for on the basis of a prefixed number of them being allocated to winning party, non-party political group and independent candidates.

    By giving the ordinary upright intelligent very civic minded country first citizen of Barbados the opportunity to initiate, debate and pass the laws of the government of this country, he/she shall make sure that new laws and rules (amendments to laws existing then too) are passed to deal with greater efficience, openness and accountability in government and means by which to achieve such.

    Each constituent shall have the assistance of legislative counsels in drafting such laws.

    With the availability of certain advanced information and communication technologies to the Assemblies, they shall facilitate the interconnection of these Assemblies and the passage of the legislation.

    Therefore, under a certain winning coalitional regime of Barbados and of which the PDC shall be part, the current parliament shall NO longer be the legislature of this country then.

    PDC

  29. Hal Austin Avatar
    Hal Austin

    @ PDC
    I am still trying to get my head round your programme and policies. Do you plan to abolish all income tax – higher and basic rate? Corporation tax? Land tax? Future inheritance tax? Sales/VAT? Road vehicle tax? Import duties? etc?
    What other policies do you have, apart from the abolition of taxation?

  30. Hants Avatar
    Hants

    PDC wrote “By giving the ordinary upright intelligent very civic minded country first citizen of Barbados the opportunity to initiate, debate and pass the laws of the government of this country.

    What percentage of Bajans can be categorized as “country first citizen of Barbados”.

    Sadly I think it may be less than 20%.

    PDC your theoretical government will never happen in Barbados.

  31. Artaxerxes Avatar
    Artaxerxes

    @ PDC

    “We note the unwarranted and uncalled for attack on Yagga Rowe. We deplore it. We wish that you would leave that for the political platform. Here is not the medium to carry out such personal attacks.”

    It is ironic that Yagga’s attacks on me in previous posts, as well as the number of unwarranted, uncalled, personal attacks that has been hurled at various contributors to this blog over the years by other contributors [including PDC], were not duly noted or deplored by you. However, I understand the haste in which you sought to defend Yagga, since, so far, he is the only one to endorse your policies.
    It will be in your best interest to leave conflicts between contributors to be solved amongst themselves and concentrate more on the issue of explaining your policies clearly, as you are now doing.

    “In the petroleum exporting countries that we referred to out of the 15 countries, the revenues are not earned from the exportation of petroleum and its derivatives.”

    You are incorrect, but I will not argue with you on this point.

  32. The People's Democratic Congress Avatar
    The People’s Democratic Congress

    Hal Austin,

    And this response is also being forwarded to Artaxerxes, since he sought to imply a differential between taxes and duties – in his 9.47 am post yesterday.

    We are referring t o All taxes – whether they are called taxes, duties, tariffs, cesses, imposts, surcharges, license fees, enforced NIS contributions, etc.

    There many other progressive policies of our party. Just a few more –

    1) The Abolition of Interest Rates;

    2) The implementation of the appropriate measures and strategies to substantially reduce the real actual cost of use of money (local/foreign) and to therefore create a post-Public Debt society for Barbados – critical to the realization of such a fundamental strategic objective shall be the establishment and maintenance of a National Institutional Productive Money Transfer System and the establishment and maintenance of a National Institutional Non-Productive Money Transfer System – whereby qualified persons, businesses and other entities – including government – shall no longer have to give monies to the relevant financial institutions, in respect of the equivalent to what they would have got or would have had access to from out of them – plus too interest, late and other fees otherwise had in those arrangements;

    3) Reform of the Hire Purchase Regime in Barbados – the creation of an Hire Purchase Relief Fund;

    4) The Abolition of ALL so-called Exchange Rates Parities with the Barbados Dollar (a practical myth),

    5) The Abolition of all Motor Vehicle Insurance in Barbados – the People’s Money System shall – under an appropriately defined scheme – automatically underwrite all risks and liabilities associated with genuine motor vehicular accidents and losses on public roads, accesses and property in Barbados;

    6) The making sure that no foreigners own any rights over our lands – however, they will be allowed to lease such rights for fixed term of years;

    7) The establishment of regime of rent control for social, residential commercial accommodation in the country;

    So there you go.

    PDC

  33. Hal Austin Avatar
    Hal Austin

    @PDC
    This is great. How then would you fund state responsibilities, including key institutions?
    A hire purchase relief fund, is there not a moral hazard in that people would take out HP knowing that the state would pay off any defaults?
    By abolishing road tax does that mean that road users will be using the roads at their own risk? How about third party insurance?
    I like your loan policy. I fully agree. A limit of 25 years for residential leasing and no more than 50 for commercial? I think all freehold should be held by the state.
    If you abolish exchange rates, how will you hedge against currency volatility?
    Will your national money transfer system be linked to the international payment system? If so, how will you cover those charges? Is a fee not a tax by another name?
    Rent controls, yes.
    But remind me, how will the state raise funds?

  34. David Avatar
    David

    @PDC

    You have not responded to the age old question, is the abolition of all taxes your sum offering?

  35. The People's Democratic Congress Avatar
    The People’s Democratic Congress

    Hal Austin,

    In respect of the Hire Purchase Relief Fund – those who are eligible – and they must be only human beings – no artificial persons – no companies, etc – must be able to prove genuine cases of financial hardships and of their incapacities to continue handing in monies to the hire purchase businesses within reasonable times of the entering of the particular hire-purchase contracts, or for what ever other frustrating disabling reasons ( loss of business, etc) that such persons are unable to make such contributions – as originally agreed with – to the hire purchase businesses.

    The Fund shall – on recognizing the facts of hardship etc. – agree with the hire-purchasers to undertake to give the various monies to the hire purchase businesses for agreed periods of time, or for the remainder of the durations of the hire purchase contracts.

    Hal, time and space constraints do not ordinarily permit us to explain many of these kinds of PDC policies.

    PDC

  36. The People's Democratic Congress Avatar
    The People’s Democratic Congress

    David,

    Certainly not. Far from.

    PDC

  37. Hal Austin Avatar
    Hal Austin

    @PDC
    I understand the time and space constraints. But you are going to means test applicants for assistance? What about fraudulent applicants? What is going to be the extent of the means testing? Are people who are asset rich, but cash poor going to be eligible?

  38. Artaxerxes Avatar
    Artaxerxes

    @ Hal Austin

    Some valid questions, Mr. Austin

  39. The People's Democratic Congress Avatar
    The People’s Democratic Congress

    Yes, there will be means testing conducted.

    The extent of such means testing, the prefferred remuneration level below which such persons would partly qualify, etc., the intimate details of such testing, would have to be properly agreed upon by those persons involved in the creation and operation of the Fund, and in the setting of those policies for relief assistance from the Fund.

    It would be a little premature for us to right now assume the extent of the means testing.

    We will expect some people to try to defraud such a Fund, just as all major financial institutions in Barbados have over time been faced with many instances of fraudulence.

    The key will be to effectively minimize it by putting in place measures to greater offset the greater risks of such fraudulence taking place.

    So there you go.

    PDC

  40. The People's Democratic Congress Avatar
    The People’s Democratic Congress

    Hal Austin,

    Are you sure you meant the Abolition of Road Taxes, or the Abolition of Motor Vehicle Insurance?

    The People’s Money System shall automatically assume all such risks and liabilities associated with all genuine motor vehicle accidents and losses on public roads, accesses and property in the country, as if in essence insurance companies were doing so.

    The deeper wider ideological and philosophical objective involved in such a policy shall be to make sure that money is greater used by persons, businesses and other entities for productive purposes, rather than for essentially recurrent purposes, especially at the point of individuals, businesses and other entities otherwise handing in monies to insurance companies.

    PDC

  41. Hal Austin Avatar
    Hal Austin

    @ PDC
    There is road tax, and motor vehicle insurance which is a form of taxation since it is compulsory, only filtered through private companies. Anything that is compulsory is a tax. Motorists cannot opt out.
    That is why it is easy picking for dishonest motor insurers.

  42. Jack Bowman Avatar
    Jack Bowman

    Bush Tea, November 4, 2010 at 9:58 PM:

    “@ PDC
    That is the most senseless contribution to date on BU.
    Now we all know that you understand even less about the utility business than you do about taxation ….there must be something meaningful that your party can actually grasp…..”

  43. David Avatar
    David

    @PDC

    Where is the logic in a public entity assuming all risk associated motor insurance?

  44. millertheanunnaki Avatar
    millertheanunnaki

    @ David BU:

    Just an aside to beg your indulgence in asking a silly question.
    Has the estimable Governor of the Central Bank given his report on Barbados’s most important quarter for its forex earning performance?

  45. David Avatar
    David

    @Miller

    Not yet!

    Here is a question for you, has the PM responded dismiss the UAE proposal yet?

  46. The People's Democratic Congress Avatar
    The People’s Democratic Congress

    Hal Austin,

    You claim that motor vehicle insurance is a tax.

    We disagree.

    The vast majority of the remunerations that are collected by the insurance companies become the liabilities of the insurance companies to the claimants. This is not the case with evil wicked TAXATION.

    Insurance companies are businesses. They are into the business of transacting insurance policies around the good concept that a number of people are agreeing to pool remunerations in cases of probable losses and damages to property, life, etc, whereby if one had to use up money oneself to properly recover, it would be impossible or very hard to do so on one’s own. These insurance companies have costs and revenues to deal with. The law establishing insurance companies state that they must have above a substantial amount of initial capitalization and sufficient reserves through out their time of operation to cover X amount of liabilities. With this evil wicked fascist TAXATION system there are no comparisons with those operational features.

    The government does not compel insurance companies to insure “you over the motor vehicle”. According to the still evil wicked motor vehicle insurance law, they can legally reject your bid to be insured to claim and get – when the circumstances permit – non-commercial revenue, or to provide another non-commercial revenue when their vehicle is involved in the same accident and they happen to be right and you are on the wrong side of the law, in most cases. In the case of TAXATION, the government compels businesses to take portions of your remunerations according to the evil wicked TAXATION law, but they do not have a legal option to refuse to steal your remunerations.

    When you – the policy holder – and the insurance company AGREE to an insurance policy, you and they AGREE over some false vehicle value (this value is non-existent mythical), and to make x amount in premiums per month to the insurance companies, who AGREE to give you X amount in the event of what ever takes place against whatever you are insured to receive non-commercial revenue over your motor vehicle, or to give another X amount of revenue in the event of an accident involving another’s motor vehicle – with that other (those others) happening to be on the right side of the law when it occurred – and you on the wrong side. There are even negotiations between the policy holders and the insurance companies over given types of packages. In the TAXATION system in Barbados, no such types of agreements and negotiations are possible. Whatever the Minister of Finance says goes.

    Thus motor vehicle insurance cannot be defined as TAXATION, as that the nature of motor vehicle insurance is not one of THEFT, but of the thoughts and deeds of insurance companies being in the business of pooling remunerations in the event of accidents, losses, etc taking place – which whenever such – in the main – come about – there is a stream of revenue from out of the pool to the claimant policy holders. Under TAXATION one’s remuneration is permanently lost to the government.

    Finally, Hal, in determining whether something is TAXATION or NOT, the test is applicable where a person, business, or other entity ( in this case the motor vehicle insurance company, given that you claim motor vehicle insurance to be TAXATION), can force the government to do what the government is doing to it (in your case since you define motor vehicle insurance as TAXATION, to insure with it), or to hand over money to it.

    Well, it is clear that what the government does to a person’s, a business, or another entity’s remuneration (in your case what the government does to insurance companies providing motor vehicle insurance, the government forcing them to insure with it ) the person, business, or other entity cannot do to the government. In your case, the insurance companies cannot force the government to insure themselves over vehicles under its control. Furthermore, in the case of government insuring for revenue over damage or losses to vehicles under its control, it is primarily because it seeks to follow the insurance law itself.

    TAXATION therefore is primarily conditionally defined by the government doing to others what others cannot do to it. Such is measured by its contravening its own laws against theft, with impunity.

    PDC

  47. The People's Democratic Congress Avatar
    The People’s Democratic Congress

    David,

    You asked: “Where is the logic in one public entity assuming all the risks associated with motor vehicle insurance?”.

    There are several logics in a system or scheme doing such and more.

    Such a system or scheme shall be government sector, private sector, NGO sector, etc., run and controlled.

    However, just one logic.

    The amount of money and numbers given by persons, businesses and other entities to insurance companies that deal with motor vehicle insurance companies, is far, far too much, each and every succeeding year, in contrast with the far, far lesser amount that is totally given by such companies to claimant policy holders, each and every succeeding year.

    By looking at what is totally given out by the motor vehicle businesses of the insurance companies to policy holders means that such an entity can easily assume such risks and liabilities “associated” with genuine motor vehicular accidents and losses occurring on public roads, accesses and property, whilst at the same time the government frees the relevant individuals, businesses and others from the idiocy, of each year, of handing in monies and numbers in a very toxic recurrent fashion to the relevant insurance companies that deal with motor vehicle insurance, but that are taking these monies, now, not numbers, and using them in a way that is anti-thetical to the realization of the very laudable objective of duly ensuring greater and greater levels of productive and commercial activity in the country, to help keep the material production and distribution aspects of the country consistently and properly growing and developing.

    PDC

  48. David Avatar
    David

    @PDC

    Understand your idea but to establish credence/validity you have to post a robust analysis. Insurance is about factoring risk. Your comment above is a facil representation of how motor insurance works. The reason why insurance companies have to hold reserves and reinsure is to offset all risk with the possibility of catastrophic events.

  49. trinity Avatar
    trinity

    Richard Sealy has fled his Constituency Office and left his lackies sighing, crying and singing to the following:

    CAN’T FIND MUH MP
    CHECK IN AT ST. HILL
    WENT CROSS TO GULLY HILL
    RUN DOWN ARTHURS HILL
    EVEN LOOK IN BRITTONS HILL
    CAN’T FIND MUH MP
    (sung to Plastic Bag “Can’t Find Muh Brother”)

    O WHERE O WHERE IS MP SEALY
    O WHERE O WHERE CAN HE BE
    WITH HIS NOSE TURN UP
    AND HIS CHEST PUFFED UP
    O WHERE O WHERE CAN HE BE
    (sung to Oh Where Oh Where Can My Little Dog Be)

    SEALY GONE TO BRAZIL
    OH LORD POOR MILLY
    SEALY GONE TO BRAZIL
    OH LORD POOR MILLY
    WID ARRIVALS KEEP GOIN DOWN
    AND HE KEEP GETTING IT WRONG
    WID ARRIVALS KEEP GOIN DOWN
    AND HE KEEP SINGING THE SAME SONG
    (sung to Milly Gone to Brazil)

  50. The People's Democratic Congress Avatar
    The People’s Democratic Congress

    David,

    You asked in your 2:18 pm, 15 April, 2014 contribution: “what is the logic in one public entity assuming all the risks associated with motor vehicle insurance?”.

    In our 7:19 pm, 15 April, 2014, response to that, we stated, et al, that there are several logics, and we went on to state the broad out line of that of our logic why.

    In your 7:26 pm, 15 April, 2015, contribution you stated: Understand your idea but to establish credence/validity you have to post a robust analysis (shifting the goal bars now to provide for some thing you yourself never initially asked for). Insurance (fallacizing here now) is about factoring risks. Your comment above is a facile representation of HOW MOTOR INSURANCE WORKS ( you were wishing now that we switched just like that from providing one of the logics behind an aspect of OUR ALTERNATIVE particular policy of the ABOLITION OF MOTOR VEHICLE: the People’s MONEY system assuming such risks and liabilities, to providing a virtual manual on HOW MOTOR VEHICLE INSURANCE WORKS)

    Well, if you were or were not wishing that we do so, you have the wrong people here, David.

    But to look at it too, and to be fair to the PDC, since you raised the issue of HOW MOTOR VEHICLE INSURANCE, you perhaps need to do so instead. Do not just write about it, demonstrate show, how motor vehicle insurance works on here.

    Can we get back to dealing with aspects of our NO-TAXATION theory now?

    PDC

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