Understanding the NIS of Barbados (1) – Social Characteristics and Basic Structure

Walter Blackman

Walter Blackman

Modern Barbados is a society which has evolved from a foundation of slavery. Since 1834, up to the present day, the institution of slavery on the island has been replaced by an overt but complex system of prejudice and discrimination based on colour and perceived class.

Putting the “red legs” aside, the perceived lowest class of citizen in Barbados is black in colour. This black colour-lowest class combination is viewed as the sociological pool from which our nation has historically produced its labourers, murderers, thieves, rogues, vagabonds, local prostitutes, and petty criminals, to mention a few categories. With the passage of time, this group has produced almost every type of citizen except the owners of large successful businesses or corporations with the capacity to survive through the ages.

At this end of our social continuum, there are some people who have worked hard to help raise their children and maintain their households and who have assisted significantly in the development of Barbados (e.g. housewives, small vendors, handymen) without ever being officially employed. We can therefore understand and appreciate the need for government to offer this group a helping hand whenever the need arises.

However, there are other persons in this perceived group of the lowest class who believe that all of their needs must be satisfied by government. This group welcomes the intrusion of government and politicians in their lives with open arms, and they rejoice whenever welfare benefits and handouts are increased, or whenever new avenues of receiving “free” taxpayers’ money are opened up. Most sickeningly, they become willing ecstatic pawns in a pervasive illegal game of vote-buying orchestrated, encouraged, and practiced by every politician in Barbados every five years.

At the opposite end of the social continuum, the perceived highest class of citizen in Barbados is someone white in colour, or anyone with wealth, whether hard-earned or ill-begotten. Given the damaging evidence of financial impropriety persistently highlighted by years of unheeded Auditor-General’s reports, we are forced to include some civil servants and politicians in this group. Apparently, our prisons were never designed nor constructed to house members of this group.

The upper class group in Barbados is viewed as the sociological pool from which our successful businessmen have sprung. Our traditional business owners, investors, big land owners, and rich professionals are all portrayed as the “captains of industry”, and the “movers and shakers” in our society who control the “commanding heights” of our economy.

Some members of the upper class group believe that every individual should be left to their own devices to tackle their problems as they see fit.  To their minds, those persons who fail to develop marketable skills, or those who make stupid decisions in life, deserve whatever misery befalls them and others should not be called upon to assist them in any way. Not surprisingly, they are strongly opposed to the idea of any governmental intrusion which forces them to pay taxes to provide benefits for those persons in the lower classes who refuse to manage their lives and reproductive ability in a sensible manner.

By the way, these upper class members, similar to some members of the lowest class, welcome a special type of “intrusion” of government and politicians in their lives. The accepted form of intrusion in their case, however, comes in the form of lucrative multi-million dollar government contracts, bribes, and kickbacks. All at the expense of Barbadian taxpayers.

Every working Barbadian is exposed to the risks associated with premature death, inadequate retirement income, birth, sickness, retrenchment, job-related injury, and disability. The specific risks associated with pregnancy and birth naturally take a higher physical and economic toll on our women who are forced to temporarily leave the workforce to deliver and nurse their children.

Given that these social risks are always confronting the workers of our nation, the question then becomes: What is the best mechanism that should be used, when operating in an environment riddled with parasitism, selfishness, greed, and polarized social attitudes, to manage these national risks?

This question was answered in 1966 when the NIS of Barbados was established by law and in 1967 when the Scheme became operative. The NIS protects Barbadian workers against these risks by operating three funds: The National Insurance Fund (handles old age, invalidity, survivors’ benefits; sickness & maternity benefits; employment injury and disability benefits; medical expenses and funeral grants), The Unemployment Fund (handles unemployment benefits), and the Severance Payment Fund (handles Severance payments).

The philosophy underpinning our NIS embraces the view that, because of different individual levels of economic security, our social risks cannot be effectively tackled by allowing each worker to confront these problems on his or her own. If we did, “the rich would live, and the poor would die”.

In essence, the message that the NIS sends to the wealthy upper class is that despite their riches, they must always see themselves as part of a scheme which views every worker as their brother’s keeper.

The message it sends to the poor and parasitic is that no free benefits are available. To receive a particular type of benefit under the Scheme, every worker must be covered for a minimum amount of time and must pay the minimum number of contributions related to that benefit. For example, in order to receive an old-age pension under the NIS, a worker must be covered for at least 500 weeks, and must have paid contributions for at least 150 weeks.

In order to provide “some level” of protection for all workers against these social risks, policymakers had to make coverage under the NIS mandatory. This means that all workers in Barbados must be registered with the NIS. Some people (most notably, the wealthy) object to the compulsory nature of the NIS program, but if some workers were allowed to opt out, only the poor, unhealthy and high-risk lives would remain in the scheme. That would make a voluntary NIS extremely difficult to implement and costly to maintain.

Additionally, universal coverage of workers under the NIS allows actuaries to use the Law of Large Numbers to predict the frequency and duration of benefit claims with some degree of certainty and to plan accordingly. Given the desire of the NIS to provide “some level” of protection for all workers, what should that level be?

The NIS of Barbados seeks to provide only a minimum floor of protection against the social risks outlined above. The scheme recognizes that each worker is ultimately responsible for his economic security and in cases where governmental intervention is needed, only a minimum benefit should be paid. Barbadians, theoretically, are expected to supplement any benefits they receive from the NIS with their own savings, investments, private insurance, and private pensions. In practice, though, most Barbadian workers have to battle against little or no wage increases, continuously rising consumer prices, burdensome taxation bordering on extortion, and the ever-present threat and incidence of layoffs. Consequently, few of them are able to save adequately to cope with current or future financial emergencies.

In the area of private life insurance, all policyholders are treated fairly. The cash values of their policies are determined mathematically by an actuary who understands the relationship between premiums paid and benefits accrued by policyholders at every age. The NIS, in contrast to private insurance, utilizes principles of social insurance. So instead of focusing on individual fairness, the scheme stresses social adequacy.

The social adequacy principle, as practiced by the NIS, results in a minimum level of benefit that favours certain groups such as lower-income workers, participants with large families, and those workers who were near retirement when the system started in 1967. The actuarial value of the NIS benefits received by these groups, and their dependents, surpasses the actuarial value of their contributions and this implies that the NIS redistributes income from higher income groups to lower income groups. Rich man Peter contributes to the enhanced social and economic protection of poor man Paul. If we were to rid the NIS of its social adequacy principle, these groups would be forced to receive a benefit based on the actuarial value of their contributions. For low-income workers, the benefit would be so low, that the goal of achieving a minimum level of protection for all participants under the scheme would remain, Bob Marley style, “a fleeting illusion, to be pursued, but never attained”. In 2009, the minimum old age normal retirement pension under the NIS was $148 per week. This amount changes each year based on a 3-year average price or wage increase.

For the most part, benefits under the NIS are loosely related to earnings. In 2009, the insurable earnings under the NIS ranged from a minimum of $91 per month to a maximum of $3,720 per month. Since the maximum NIS pension benefit is 60% of insurable earnings, the theoretical maximum NIS benefit that a worker can receive in Barbados is $2,232 per month.

This situation creates a serious point of contention for the enlightened high-income worker and has led to the emergence of calls worldwide for the privatization of NIS benefits.

To understand the nature of the problem, imagine a worker born in 1948, who worked for $3,720 per month from age 16 to age 66 and retired today. That worker could receive a theoretical maximum NIS pension of only $2,232 per month.

If we had taken 13% of combined employer(6.5%) and employee (6.5%) contributions for that worker and invested those payments at 5% interest for the past 50 years, then that worker would now be able to purchase a private annuity from an insurance company paying a retirement benefit of just under $9,000 per month. In short, using private investment accounts and private annuities, this worker would have earned a benefit four times higher that the NIS provided benefit.

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66 Comments on “Understanding the NIS of Barbados (1) – Social Characteristics and Basic Structure”


    Walter Blackman@

    If you see so much ,and know so much , where does Beatrice Henry and Violet Beckles,
    As in History you also are missing the main part to see more clear ,
    Plug in the Massive Fraud and the ripple effects on the Island ,
    Plug in the Banking , lawyers, Ministers , AG, PM , CJ,
    1997 UDC and VAT , then plug in NHC fraud .
    Then the loans and the Credit Unions that hold over a Billion in assets of what they do not own , Add CLICO Sir COW and Sir Ham…
    What a made for TV Movie better than Roots


  2. are-we-there-yet May 25, 2014 at 6:56 PM #

    Walter Blackman;

    An excellent piece!

    In the next chapter you could perhaps tackle such areas as how the NIS should be and is actually managed; What sould be a Minister of Finance’s role in determining how should NIS funds should be invested; How were these funds actually invested over the years: are there any obvious differences in investment patterns over the past 20 years, 10 years, 5 years, etc : What are the indicators that suggest that NIS funds are adequate for the commitments over the forseeable future; etc. etc.


  3. cool runnings May 25, 2014 at 7:00 PM #

    I am very impressed with your analysis. How can I reach you directly.


  4. Hamilton Hill May 25, 2014 at 7:06 PM #

    Very interesting article that certainly provides much food for thought. This is the governmental piggy bank/cash cow that we are dealing with here. My suspicion is that by the time these heifers make any serious effort at restructuring, all that will be there are sore nipples and an unproductive mammary gland. Then again, that’s how we like it though. ..no?


  5. Walter Blackman May 25, 2014 at 7:09 PM #

    are-we-there-yet | May 25, 2014 at 6:56 PM |

    I have 2 more articles to write on this subject. Rest assured that all of those issues you raised will be covered. Your thought process is on the right track.


  6. Walter Blackman May 25, 2014 at 7:11 PM #

    cool runnings | May 25, 2014 at 7:00 PM |
    How can I reach you directly?

    Cool runnings, you can reach me at walter.blackman@comcast.net


  7. Dompey May 25, 2014 at 7:25 PM #

    Has the union as well as the government, exhaust they rainy day funds? Or perhaps, the both of them aren’t that conscientious? David, it is time to pump some new ways of doing business into Barbados.


  8. David May 25, 2014 at 7:30 PM #

    Given the importance of the fund to financial security of Barbados we need to exact more effeciency from government in the way financials are produced.


  9. Walter Blackman May 25, 2014 at 8:18 PM #

    Hamilton Hill | May 25, 2014 at 7:06 PM |
    “This is the governmental piggy bank/cash cow that we are dealing with here. My suspicion is that by the time these heifers make any serious effort at restructuring, all that will be there are sore nipples and an unproductive mammary gland.”

    Hamilton Hill,
    The NIS of Barbados was never intended to be a governmental piggy bank or cash cow. Similar to any governmental institution in Barbados that handles a lot of cash (e.g. Customs, Inland Revenue) it has been deliberately starved of the right personnel, modern accounting practices, and effective control mechanisms. Naturally, whilst Barbadians slept, money has been leaking from our scheme like a burst pipe under the guise of administrative costs.
    Any serious effort at restructuring will follow the same course that the Erskine Sandiford and Owen Arthur administrations took when the scheme was deemed by the actuary to be out of balance: increased contributions and reduced benefits. Very soon, the increase in NIS taxation, or any taxation for that matter, will no longer be viable. We would be left only with the option of cutting benefits.


  10. Sargeant May 25, 2014 at 8:29 PM #

    There is much to chew on but it appears that you are stretching for some kind of resolution to support your narrative about pensions and instead of providing a realistic scenario about possible benefits we are treated to an example of a worker toiling for 50 years.

    Who the hell works for 50years?


  11. David May 25, 2014 at 8:30 PM #


    Isn’t government pension eligibility now 67?



  12. Sargeant May 25, 2014 at 8:46 PM #

    Incidentally that last paragraph about private investment for workers’ pensions is straight out of the employers playbook . It is based on opposition to defined benefits and they throw all these numbers around based on fancy interest rates and stock market gains which are very attractive on paper. These are the folks who want to get rid of the Social Security Program in the USA

    The proof of the pudding is in the eating and 50 years from now we will be reading about another solution


  13. are-we-there-yet May 25, 2014 at 8:48 PM #

    Walter Blackman;

    I think you have spoken no truer words than these;
    ” Very soon, the increase in NIS taxation, or any taxation for that matter, will no longer be viable. We would be left only with the option of cutting benefits.”

    Whenever that happens the whole work force in Barbados that is currently alive, pensioners and active workers, will be very aggrieved, angry and blue vex. There will be hell to pay by this administration although serious attempts will be made to cast the majority of the blame on the last BLP administration as usual.

    I saw in today’s Nation a full page graphical Ad that read something like “This is what 270,000 against 16 looks like, so whuh dem cud do we”. It looks like a political ad to me by some group calling themselves Refocusing Barbados.

    Looks like the game might be afoot. Wonder who this new group is! Doesn’t sound like the BLP, but who knows?


  14. Hants May 25, 2014 at 8:49 PM #

    David wey you went school? lol


  15. David May 25, 2014 at 8:53 PM #

    Thanks Hants, hitting the keys a little too quickly.


    Last week in Senate debate to life government debt ceiling to 4.5 billion from 2.7 Senator Darcy Boyce in response to concerns about the NIS soaking up excess treasury bill stated there should be no concern because the government has responsibility for underwriting the NIS Scheme. Your thoughts?


  16. are-we-there-yet May 25, 2014 at 8:57 PM #

    Just found the webpage of refocusing Barbados.

    David; 67-50=17.

    But many people start working at 17 or before so the point is still valid.


  17. Clone May 25, 2014 at 9:16 PM #

    refocusingbarbados facebook page contains only video of BLP activities therefore cannot be a new party which we need urgently.


  18. David May 25, 2014 at 9:32 PM #


  19. are-we-there-yet May 25, 2014 at 10:53 PM #

    Hi David;

    Thanks! I just looked at the 2 videos (one is a repeat of the first one).

    Who is McDonald Nicholls?

    It is unclear if the refocusing Barbados series of videos is a BLP effort or one by elements within the BLP, or even outside the BLP. That it is possibly not standard BLP fare is probably evidenced by the gratuitous advice Mr. Nicholls is giving the MOF in one of the videos

    I wish McDonald Nicholls (and his group – depending on what kinds of action they espouse for effecting the refocusing -) success as they continue the process.


  20. Walter Blackman May 25, 2014 at 11:37 PM #

    Sargeant | May 25, 2014 at 8:46 PM |
    “Instead of providing a realistic scenario about possible benefits we are treated to an example of a worker toiling for 50 years.

    Who the hell works for 50 years?”

    Employed persons in Barbados between ages 16 and 66 (age 67 from 2018) are covered for a normal NIS pension. How many years are those?


  21. Walter Blackman May 26, 2014 at 12:14 AM #

    Sargeant | May 25, 2014 at 8:46 PM |
    “Incidentally that last paragraph about private investment for workers’ pensions is straight out of the employers playbook . It is based on opposition to defined benefits and they throw all these numbers around based on fancy interest rates and stock market gains which are very attractive on paper. These are the folks who want to get rid of the Social Security Program in the USA.”

    Your thoughts, as expressed above, are muddled and confusing.
    First of all, all types of pension plans (Traditional Defined Benefit, Cash Balance, and Defined Contribution) have their trust funds invested in non-governmental (is this what you label as “private”?) stocks, bonds, mutual funds etc. The investment strategy adopted has nothing to do with opposition to defined benefits.
    Maybe, you are trying to make the point that many employers have frozen or terminated their defined benefit plans and have opted for 401(k) plans, which are much easier to administer and are easily understood by employees.
    The folks who want to get rid of the Social Security program in the USA, or anywhere else in the world for that matter, are rich folks who believe they can take care of themselves and should not be using their money to support lazy, parasitic, stupid people. Who represents the interests of the rich in the USA? Who pushes for the destruction of social security in the USA? The Republican Party, of course.


  22. Walter Blackman May 26, 2014 at 1:33 AM #

    David | May 25, 2014 at 8:53 PM |
    “Last week in Senate debate to life government debt ceiling to 4.5 billion from 2.7 Senator Darcy Boyce in response to concerns about the NIS soaking up excess treasury bill stated there should be no concern because the government has responsibility for underwriting the NIS Scheme. Your thoughts?”

    In response to Darcy Boyce’s position that Barbadians should not be concerned about how government abuses NIS funds, let me ask you a few questions:
    Aren’t we hearing that government has difficulty in paying doctors and pharmacists? How come it is unable to underwrite those small funds?
    Who has the responsibility for underwriting the Al Barack payment that the court ordered? Despite the destruction that this outstanding payment has visited upon our country’s reputation, how come Al Barack has not been paid yet?
    Who has the responsibility for underwriting the money that was stolen from CLICO?
    On a more serious note, I want you and all Barbadians to reflect on this situation: Barbadian workers and employers paid taxes that were specially earmarked for the provision of workers’ NIS benefits. So far government has unilaterally “put its hands” in the NIS money and has lifted about 2 billion dollars from the fund. 2 billion dollars of real NIS money have been replaced by government paper which is at risk of becoming worthless with each passing day. For the workers in Barbados to get that 2 billion dollars back in the fund, what do you think must happen? They must pay another 2 billion dollars in taxes again! That’s the only way government can get back the money. Employers and workers would now be forced to pay a total of 4 billion dollars in taxes so that the workers can have 2 billion dollars available to pay benefits. This creates a general rule-of-thumb: for every dollar of contribution that government borrows from the NIS fund, workers and employers have to pay a total amount of taxes which is double that amount.This is the extremely dangerous risk that government borrowing poses to the sustainability of the NIS. Given the current level of taxation, I am not confident that government will be able to raise that 2 billion dollars in the medium term.
    Did Darcy educate the senate, or Barbadians about this risk? Of course, that’s a rhetorical question.



    Walter Blackman@ one sided NEWS that will never add up, Missing the other half, ,
    Your numbers will never work out until you deal with full numbers , Apple pie with out the apples.
    Also you dont put the names to the crimes,
    We think you need to check your deed also, You shy away from truth .


  24. David May 26, 2014 at 5:43 AM #


    Did Darcy educate the senate, or Barbadians about this risk? Of course, that’s a rhetorical question.

    Essentially his point is that the government is responsible for the fund as ‘last resort’. This government has bought into the position why have NIS funds to banks yielding less that 3% when same funds can be leverage by the country to achieve productive outcomes.


  25. Sunshine Sunny Shine May 26, 2014 at 7:44 AM #


    Boy this is the second time I read an article written by you Mr. Blackman that left the SSS tongue wagging. Boy you write too sweet. Now AC darling you see how this fella wrote this piece. He generalized with specificity but more so accurately conveyed the looming atmosphere of prejudicial separatism with the prevailing egotism of crooks and vagabonds. Walter the SSS will observed your under wear more closely from now on.
    AC BOO BOO what you think of this fella Walter. You want a piece of he, literally, figuratively or physically? LMAO


  26. Bush Tea May 26, 2014 at 7:46 AM #

    @ Walter
    Your argument seem to suggest a clear divide between the NIS savings and the general economic situation of the country.
    There is no such divide in reality.
    If a family has a savings account of $100,000 in the bank, but through poor management, they lose their means of income and accumulate family debts of $200,000, why would you want to argue that that $100,000 is somehow specially protected? …basically the family is BROKE and is, in fact, $100,000 in debt.

    The same will apply to the $2 billion that Bajans have stashed away in savings accounts….that too shall turn out to be nothing but false protection….

    There is no way for a family with $100,000 in debts hanging over its head to succeed – based on the secret savings of individual family members who have hoarded funds in secret accounts….

    The REAL and ONLY solution is for that family to SIT DOWN TOGETHER and pool resources, pool talents and put together a PLAN for future development…..emphasis on “TOGETHER”…
    ….and such a common sense approach is OBVIOUSLY beyond the collection of brass bowls that infest this Island….

    Walter….THERE IS NO KIND OF “FUND” THAT CAN, IN ITSELF, SAVE OUR ASS…… Not NIS, not the rich white people, not the secret stashes under the beds, in banks, credit unions, or even in foreign banks……


  27. David May 26, 2014 at 7:49 AM #

    @Bush Tea

    Where your last comment is highly suspect is that the economic state you painted there must be a commensurate economic and social public policy. We have not seen such from this and other governments.


  28. Sunshine Sunny Shine May 26, 2014 at 7:55 AM #

    @Tea Bush

    There are many who believe that Barbados economic woes can be fixed. I am one who also believe they can be. But ‘the can be fixed’ part requires either the greatest means or effort towards our inputs or the ability to generate far beyond our current outputs. As it stand we have lest input but far more greater outputs than we can managed. Therefore with all the savings in the banks which are stagnant inputs, how therefore are we going to maximized on our need to generate outputs to fuel the economy towards some semblance of growth.


  29. David May 26, 2014 at 7:59 AM #

    Succisive governments have supported tax incentives to grow savings to support our years in retirement. Walter made mention in his submission. We have to find ways for government to create other incentives to encourage other options to grow GDP. We CANNOT toss out the baby with the bathwater.


  30. Hamilton Hill May 26, 2014 at 8:15 AM #

    What should scare the living daylights out of every Barbadian is the fact that this CCG has found a way to bungle less important matters. They also are plagued with the inability to be forthright with the people of Barbados. I say leave the NIS money where it is even if the yield is less than three percent. At least it is there. The present Minister of finance does not exactly engender confidence to the point where we could be comfortable entrusting our retirement future to him. Kites fly and so do airplanes, but being a good kite flyer don’t necessarily make a pilot now does it? Chris prove dat long time.


  31. Bush Tea May 26, 2014 at 8:58 AM #

    @ David
    “Where your last comment is highly suspect is that the economic state you painted there must be a commensurate economic and social public policy.”
    You lost the bushman there…
    The point is that in this highly competitive world, the ONLY chance for future success lies in MAXIMIZING your resources. ANY house divided among itself will fail in a world where smart competitors get together and POOL their resources.
    You divide a little island – with mostly mediocre brass bowls at best – into two or three fractions and expect to compete with others in the same tourism and other global businesses?
    …and if your core business fails, it matters little how much you have in NIS savings…..it is just a matter of HOW LONG BEFORE SAVINGS RUN OUT….
    Some jackasses may survive a few months longer than others but what….?

    @ Enuff
    This is where Bushie really have to laugh at you and your lot….
    You are all for TOGETHERNESS through CSME…..but can’t seem to see the VITAL PRIOR NECESSITY of togetherness WITHIN Barbados by ending this BLP/DLP shiite……. Charity begins at home Boss…!

    Were it not for the NIS providing these months of respite before we crash, our donkeys would have been in the grass long ago…..


  32. David May 26, 2014 at 9:01 AM #

    @Bush Tea

    How can we maximize our resources when successive governments have engaged in public policy(projects) which which promoted wastage of taxdollars? Also lack of transparency and governance? Why the hell are the authorized financials for the NIS only available up to 2008 in 2014?

    What maximizing resources what!?!


  33. The People's Democratic Congress May 26, 2014 at 9:56 AM #

    The poverty and misery of the broad masses, to a greater extent, and the middle “classes”, to a lesser extent, in Barbados, have been brought about primarily by oligarchic political exploitation by ideological psychological material financial means.

    Evil wicked TAXATION is one of those very nefarious totalitarianistic root causes of the helping to secure of this vicious inhuman oligarchic political exploitation of the broad masses and middle classes in this country.

    So, rather than dealing most surgically clinically with many of the root political financial material “causes” of the poverty and misery that confronted many Barbadians in the independence period of this country in the 1960s, the DLP government implemented another level of evil wicked TAXATION to degradate and despoil the country with, and an entirely wicked legislative regulatory framework to highlight such a criminal thieving system, and an absolutely demonic governmental administrative apparatus 1967 – being called the National Insurance and Social Security Scheme – to administer it.

    What is very wicked to about this NISSS is that many people working there, atrociously make many people in Barbados falsely wrongly believe that there are really these National Insurance/Unemployment/Severance FUNDS that the Scheme has, when there are NOT these Funds. And what sick jokes and criminal deceptions!!

    The things that persons working in the NISSS and some Barbadians call FUNDS are nothing more than paper trails, computer networks, and talking heads. These so-called Funds have no money of their own to sufficiently call funds. The funds that they falsely purport to have are as non-existent as DEATH.

    Many recipients of these NISSS cheques can live to tell anyone also, how they go to the relevant financial institutions, and get money whilst giving presenting and giving their valid cheques to workers of the particular financial institutions – or how they can go and get goods and services from certain businesses, whilst giving the cheques to workers of the businesses

    Note, how they do not take their cheques to the same NISSS Funds.

    So, what callous ignorance of the highest order that the NISSS got these Funds and funds.

    The NISSS sure will have accounts at these particular institutions.

    But these accounts just like every other entity’s accounts do not have monies in them.

    The accounts are essentially computer information serving as bases to support or not claims by persons for their taking monies into or out of the particular financial institutions.

    So, clearly it comes down to how much money is circulating, the USE of it by various individuals, and the amount of competition by persons, businesses and other entities for it in multifarious settings and at given times in this country.

    A future certain coalitional regime of this country of which the PDC will be part of shall ABOLISH all TAXATION – including NIS TAXATION – in Barbados and at the same time greater free up the use of money by persons in this land.



  34. Bush Tea May 26, 2014 at 9:57 AM #

    Why are you cussing Bushie when you are saying EXACTLY what the bushman has been trying (apparently unsuccessfully) to say …?
    …so the POINT to Walter is this….
    How can we expect to divorce a National savings scheme – designed at a time when leaders were looking at BUILDING and DEVELOPING – from the consequences of an inept, divisive and corrupt period of idiocy…..?

    Did we think that jackasses who have proven themselves incapable of managing the FUNDAMENTALS will somehow be able to protect the savings…?

    If yuh can’t keep a basic job how the hell can yuh keep a savings account…?


  35. Sunshine Sunny Shine May 26, 2014 at 9:57 AM #

    Tea Bush

    Do not ignore the SSS. Answer my darn question. Because all of what you are saying makes a whole of sense. But I would discourse as it relates to inputs and outputs so many can understand that the plight of the Barbados economy is in far more dire straits then what is being propagated


  36. David May 26, 2014 at 10:01 AM #

    WILD COOT: $4 billion well

    WILD COOT: $4 billion well

    BY HARRY RUSSELL | MON, MAY 26, 2014 – 12:00 AM

    One respected senator asked: “Why don’t we have a social partnership which engages this issue ($8 billion in the banks) on how to get that money invested?” You are on the wrong track.

    Like Abou Ben Adhem, I “woke up one night from a deep dream of peace and saw within the moonlight of my room, an angel writing in a book of gold”, and I said: “What writest thou?”

    The vision raised its head and replied: “The names of those whose pension will find in 2017 sweet accord.”

    “And is mine one?” I gently asked.

    “Nay not so, you get your pittance already.”

    “Tell me then, whose name you write?” said I to the presence of the night.

    “I tell you not, less you divulge to your peers the recipients and the quantum, but, the information we will deny.”

    I was so vex that I banned the angel from my room. However, the next night the angel came with a wakening light and showed the names of all the people money had blessed, and lo, the Wild Coot’s name led all the rest.

    Sorry, it was only a dream. Calderón de la Barca had his Segismundo warn us that “todo la vida es sueño, y los sueños sueños son” (all life is a dream and dreams are only dreams).

    Then my thoughts turned to reality. I should never have broached the subject in my article Apatropaic Balls, where I likened the intestinal fortitude of the Cyprus government to “balls of fire”. I should never have planted the idea in people’s head. I should never have hinted that it could be done in Barbados, but only in a surreptitious way; that Bajans would be called upon to back the mounting debt that our Government accumulated and continues to accumulate even now. What are we going to tell the International Monetary Fund inspectors dem, come November, having sailed to the Inchcape Rock and cut the bell?

    Oh no, you are running the country with people’s savings. How so, Wild Coot?

    Every time you have to pay a bill, cover salaries or make good interest and payment on new bonds or rolled over bonds, you are now going to resort to Treasury Bills (printed money) – four billion. This printed money is, in fact, mainly supported by savings in the banks, by National Insurance and by private citizens rather than by taxation and income from investment and investors – the usual source of Government’s spending money.

    Warning! This is no different from what was done in Cyprus. There, those whose savings were “blessed” with a haircut experienced a diminution in their savings that was tantamount to a devaluation of their asset (not the currency).

    The previous Abbots of Aberbrothok in Barbados were wise leaders. They placed the Bell (limit) on the Rock to warn us of impending danger. Sir Ralph The Rover, with “the cheering power of spring”, has cut the float.

    “It made him whistle, it made him sing, his heart was mirthful in excess . . . .”

    Well, we may see the vultures gathering like crows sensing the putrid smell of a dead carcass (ridiculous concessions granted), perched on a vantage point limb awaiting the feast.

    Just check Jamaica’s second debt swap when the debt to gross domestic product was 140 per cent (ours is almost there). Investors, whether local or foreign, had to make sacrifices on their investment; banks almost went bankrupt. Such sacrifices must reflect the source of the investment – the banks, individuals and National Insurance, that made the investment. A potential risk in Government restructuring.

    The Wild Coot is reminded of Psalm 109: “Our heads are wounded within us. We are gone like the shadow when it declineth. We are tossed up and down as the locust.”

    The hope of the Government is that it can hobble together sufficient capital projects in two years’ time to employ those laid off. It will depend largely on the concessions (vulture concessions) that it will be forced to make. The situation is ripe for what Trinidadians call “football”. 

    • Harry Russell is a banker.


  37. The People's Democratic Congress May 26, 2014 at 10:02 AM #

    What TAXdollars what!!

    There is no such thing as TAXdollars.

    What piffle!



  38. David May 26, 2014 at 10:03 AM #


    There is no such thing as Fast Cash!!!


  39. The People's Democratic Congress May 26, 2014 at 10:13 AM #

    TAXATION is an evil wicked criminal totalitarian process of the government – on an ongoing basis – STEALING ROBBING the relevant people, businesses and other entities of countless portions of their remunerations.

    Such a process – though criminally helping the government to come by money – IS NOT MONEY.

    Money are coins and bills – a type of material carrying denominations.

    Dollars might just be the slight majority of all the denominations.

    It is an egregious fallacious neologisms to say or write TAXDOLLARS.



  40. Bush Tea May 26, 2014 at 10:17 AM #

    Shiite man David…
    ….Is there some way you can put a disclaimer or something on the Blog so that people not familiar with the PDC character would not think that we are all stark raving mad as shiite….
    Uh mean brass bowls are one thing, but raving lunatics tend to get their donkeys confined and drugged yuh…. 🙂


  41. David May 26, 2014 at 10:22 AM #

    @Bush Tea

    Surely you subscribe to free speech. We will leave any censure to head of the CUP.


  42. Walter Blackman May 26, 2014 at 10:31 AM #

    David | May 26, 2014 at 5:43 AM |
    “Essentially his point is that the government is responsible for the fund as ‘last resort’. This government has bought into the discussion why place NIS funds with banks yielding less that 3% when same funds can be leveraged by the country to achieve productive outcomes.”

    By now, you should realize that politicians simply use words to achieve their objectives. Our political system is breeding financial sharks with an uncanny and supernatural ability to sniff out and hunt down unprotected money. Since that is their focus, and a day only has 24 hours, they have very little time left to do anything else.
    Unfortunately, this destructive attitude is filtering down to the average Barbadian. I am confident that if you had confronted the Barbadians stripping the Four Seasons property, they would have been able to use words to soothe you and justify their actions.
    If government doesn’t have funds to take care of its ‘first resort’ priorities, what do you think will happen to its second and last resort obligations?
    Any village idiot would readily applaud government’s use of NIS funds to improve the productive capacity of our country. Such a move would point us in a direction of growth and increased employment, and will result in more contributions being made to the NIS as more workers become covered. The government has been borrowing NIS funds for 40 years now, and Barbados is a small island. Can you, or any Barbadian point to an example or two where the use of NIS funds generated growth and employment?
    As I write, the last official NIS report stops at December 31, 2008. No one knows what further damage has been done to the scheme by the borrowings over the last 5 1/2 years.
    If a new administration were to come into being after the next general election, do you honestly believe that Darcy et al will have any time for you or a discussion about NIS?
    I really don’t believe this NIS story is going to have a nice ending.


  43. Bush Tea May 26, 2014 at 10:33 AM #

    @ Sunny Sunshine Shine

    …Ignore you?!?
    Wuh Bushie foolish…? After you almost kill ac and got she even more irrational and incoherent than ever …..LOL Ha Ha. Ha

    Sorry, missed the question…..thought you were being rhetorical….

    Your assessment is spot on…
    We are living BEYOND our means…. Any idiot can see it, however we have a special breed of idiots running things bout here…so THEIR solution is to first dip into the NIS savings account, and to back that up with BORROWING more money from strangers….so that we can “afford” to keep living above our means.

    As you have said (and any sane person can see) we need to EITHER …..
    Cut our expenses to below our income
    Increase our income to exceed our expenses…

    The ONLY thing that will work is COLLECTIVE, OPEN, TRANSPARENT leadership that is able to

    • …bring ALL resources to the table, (including the $8 billion in buried savings on the foreign owned banks),

    -….Expose the lotta underhand shiite currently promoted bout here as management

    • …..bring our BEST and BRIGHTEST minds to the front in terms of leadership and management.

    ….of course you will also haffa deal with the disproportionate level of idiots and morons that have come to proliferate over the past 20 or so years…. Like the PDCs, the ac’s and the Donkeys….

    We will make them all overseas ambassadors… LOL Ha. Ha


  44. Bush Tea May 26, 2014 at 10:47 AM #

    No censure proposed David….. Just a disclaimer from BU…… Something like …

    ” Please note that neither BU nor any of the otherwise sane bloggers ….(or even the yard fowls and blog jesters such as Bush Tea, ac and the like) endorse the various deviant views or opinions expressed on this site.
    Citizens are encouraged to pay their due taxes and to do so promptly and cheerfully, playing your part in funding the cost of up-keeping our society.
    When Sinckler and Sivers come for wunna donkeys,… DO NOT ….repeat …DO NOT call BU’s name….”

    End of disclaimer…..


  45. David May 26, 2014 at 10:48 AM #

    @Bush Tea



  46. Sunshine Sunny Shine May 26, 2014 at 10:51 AM #

    @Tea Bush
    So why is it so darn hard for the others not to see what you are saying.

    @Walter Blackman
    The SSS is in love with you…

    Jesus H Christ your brain open up like a peacock feathers – BRILLIANT. Pity others could not use your feathers to understand the current system. My man you are absolutely correct in your assessment. Shit we actually got people on here who are brilliant thinkers. So where all the other shites come from. AC darling where are you when the SSS need ya. You need to be here to understand this balance discourse. Not the partisan nonsense that you dribble most of the time. Here is a context that reflect the Barbadian model and its incumbent infirmities.


  47. Sunshine Sunny Shine May 26, 2014 at 10:52 AM #

    And by the way who are these PDC clowns about Taxation is Evil…Identify yourselves PDC…


  48. Walter Blackman May 26, 2014 at 11:27 AM #

    Bush Tea | May 26, 2014 at 9:57 AM |
    Why are you cussing Bushie when you are saying EXACTLY what the bushman has been trying (apparently unsuccessfully) to say …? 🙂
    …so the POINT to Walter is this….
    How can we expect to divorce a National savings scheme – designed at a time when leaders were looking at BUILDING and DEVELOPING – from the consequences of an inept, divisive and corrupt period of idiocy…..?

    Did we think that jackasses who have proven themselves incapable of managing the FUNDAMENTALS will somehow be able to protect the savings…?

    Bush Tea,
    I was following your comments on this issue, and like a number 11 batsman facing Shane Warne, I couldn’t “read” you until now. You are bowling googlies, chinamans, and wrong’uns on a responsive pitch dotted with patches of cynicism and sarcasm.
    It seems that you are not at all surprised at the disastrous outcomes which the actions of our policymakers have triggered and continue to trigger. In fact, you seem convinced that it will take some kind of miracle to save Barbados from impending doom. Is our national goose truly cooked?
    I take your point.


  49. ac May 26, 2014 at 11:37 AM #

    the FACT is that there are too many greedy bastards in the PRivate sectors and govts..one hand washes the other, the financial market meltdown should be a lesson for all to learn….the voters can vote out the scumbags if people not happy with the govt handling of finances throw them out……..with the private investors, when they f**k up yuh money it is gone,,,,,,,gone are the days when people can be trusted..walter puts out hypothetical that sounds good in theory,,but the reality too many people over the years have seen how private investors have been hauled off to jail for theft or the mishandling of people money….. thats why i buy land,don’t put my money in no body hand to invest,,,


  50. Hants May 26, 2014 at 12:02 PM #

    Walter Blackman wrote “Is our national goose truly cooked?”

    No it is not.

    Some of you will no longer afford Bimmers and Benzes and you may be reduced to $99 dinners instead of Champers best but most Bajans will be pre occupied with survival until the Capitalist has a real economic boom in about 5 years.

    Bajans have been living in a bubble called Tourism and Low Tax haven.
    Well it get stick with a pin and leaking.


  51. Walter Blackman May 26, 2014 at 12:14 PM #

    Sunshine Sunny Shine | May 26, 2014 at 7:44 AM |
    “Boy you write too sweet.”

    Thanks for the compliment. Truth be told, there are two persons alive today in Barbados who deserve any credit there is for my writing: Mrs. Pamela Hinkson (the mother of Edmund Hinkson, MP) who taught me English in my formative years at Combermere, and Mr.Tony Cozier whose cricket reports and commentaries added immense value to my vocabulary and sentence construction as a young boy growing up. I would like to this opportunity to thank both of them for the contribution which they made to my development.

    “The SSS is in love with you…”
    I suspect that you do not give your love in a free spirited and wanton manner, so I will treasure it for the rest of my current life. Once I am reincarnated, all bets are off. LOL.


  52. Well Well May 26, 2014 at 12:29 PM #

    David | May 25, 2014 at 7:30 PM |

    Given the importance of the fund to financial security of Barbados we need to exact more effeciency from government in the way financials are produced.

    I was horrified when the Thompson government decided to take taxpayer’s hard-earned NIS money and throw it away in the 4 Seasons scam, with no regard whatsoever about how it would have/has ended.

    Let the private sector find their own funding, there are tons of investors around the world, no need to keep dipping into taxpayers funds because some private sector business persons decide they had/have a light bulb moment that can get them and no one else millions of dollars, look at the 4 seasons mess now, where is the taxpayer’s money.


  53. Sunshine Sunny Shine May 26, 2014 at 12:46 PM #

    @Walter Blackman
    I give credit to those who fully understand and politically comprehend the basis of proper research when presenting and correlating facts. You present an unbias view of the events unfolding in Barbados. Your views represent the views of stalled progress for one bias or crooked reason or the other. There are many on this blog who are benefactors of either political party, whose agendas are clear as darkness is to them the light. Their interest is not the interest of state progression but personal possessions.

    To you and my boy Tea Bush, your views presents the reality of the surreptitious picture painted by those who reel power and whose established links hold the cloak over the eyes of many that are employed under their rule. In an island as small as Barbados where the divide is obvious how can progression and prosperity be merited where unity is split in the middle and the gains spread across a mix but small spectrum of the corrupt and the legitimately inherited.

    Division is ‘the wait’ before the fall and in its coming chaos an uprising is just a corner away. You obviously understand this, Tea Bush obviously understand this but the party loyalist are too busy fighting each other to see this. So Barbados is left to sink under the weight of the great divide because state takes the back seat over political loyalties. Both the current government and the opposition are too into themselves to see what needs to be done.



  54. Clone May 26, 2014 at 1:10 PM #

    Walter Blackman

    When are you going to return to Barbados and put your immense talent in the political arena?
    We need some new blood in our politics. We need a new party. You could imagine the BLP winning which they will because the government will not be able to recover after carrying out this restructuring program. Where will the country be with the return of Glyne Clark, George Payne, Noel Lynch, Cythia Forde, Ronald Toppin and Jerome Walcott.
    By the way why were taxpayers paying full cost for UWI graduates when Codrington High school advertised for a work permit for a Science Teacher


  55. Bush Tea May 26, 2014 at 1:40 PM #

    @ Walter
    You will find that the only real difference between yourself and the Bushman is that you are yet young …and still relatively immune from the cynicism that comes with age and experience.

    ..like Caswell, you have a solid background based on the sound theme of John Bunyan’s “To Be a Pilgrim”., ..and Mrs. Hinkson’s hard work seems to have paid some dividends…
    …one difference between you and Caswell would be the ‘goat milk factor’ and its implications wrt your response to SSS’s professed love…..

    Bushie seems to recall that, like Caswell, you were somewhat of a rebel in your youth…(.a good sign), and Bushie would join with Clone in asking that you consider coming back home to show Caswell how to organize the BUP and to at least bring us a glint of hope…..

    @ Hants
    Not only is our national goose cooked, it has already been half eaten by a whole set of foreigners including Canadians, Trickidadians, English etc…..shiite man….even that Jamaica gal take a bite through the Caribbean Court….

    …half of the remaining half is being divided among the local political vultures, while 80% of the remaining quarter belongs to COW and Simpson……

    Goose shiite…only backs, necks and gizzards left back now…. 🙂


  56. Sunshine Sunny Shine May 26, 2014 at 1:55 PM #

    @Tea Bush

    I agree with you. This Walter guy and Caswell would be a force to reckon with. My problem however is that I am not sure if Caswell would be an upfront politician. I like the man bad base on his views and the fact he swears no allegiance to no political party, person or professed creed/breed or dastardly deed. However, there is a weasel like balefulness about Caswell that could shape his character towards the ruthless. In that regard I am not sure if he has what it takes to rise above the corruptive spirit that prevails at this level of governmental operations. Not saying Caswell that you are corrupt just saying I do not know if you have the wherewithal to be in it all and rise above it all. Sometimes you come over as ‘stewing’ your own agenda and that you are far above reproof. Be that as it may, I think the formation of a third political party by you and Mr. Blackman, throwing in a bit of Tea Bush in there, would be good prospects.

    What say you AC boo boo. You seem these days to be ignoring me and I fail not to make mention of my BOO in my comments (but no more insults or cussing).:P


  57. David May 26, 2014 at 1:59 PM #

    What is critical and alluded to by others is a robust statistical and information gathering exercise on our social care structure. BU is not satisfied that some very important planning decisions are not being made from the seat of the pants of politicians.


  58. ac May 26, 2014 at 2:58 PM #

    hell no. don’t want no part of any political party formed by bush tea,,,,,,,the man is a dictator,,,,,first of all the man seems to know it all,,too much to deal with ..his word would be first and last,,,as for voting rights and free speech..those two would be first on the agenda to have their head cut off,,,, bush tea political party ….talking about bitter too bitter fuh me,,,don;t want nuh part of it,,,,,,,rather live in cuba first,,,,,this guy have no answer but great at pontification…… as for the nis….no system is safe proof but the voters have a guaranteed right to change ,,,,,,with these fly by night private investors ..the board of directors reshuffles the deck always making sure that their interest comes first. the little guy who invest there few pennies have no talk in decision can’t even vote out the crooks no bosey clico and all them wall streets macguffie investment firms …..no bosey too risky,,,,and no recourse,


  59. lemuel May 26, 2014 at 3:37 PM #


    You claiming to be a cawmerian? I thought you wid Hants and that college crowd!!


  60. Bush Tea May 26, 2014 at 3:46 PM #

    @ SSS
    You are a smart woman.
    Caswell is a man to be feared indeed.

    1 – If you are as attractive as you sound to be…..watch Caswell…..
    2 – if you are doing anything underhand AT ALL…..watch Caswell

    If you want a fellow who knows EVERY POSSIBLE RULE AND REGULATION……and is obsessed with having them followed….you want Caswell…

    Bushie know the fellow for decades now….he will ALWAYS be poor… so we can afford to trust him with the NIS funds ( LOL) the most Caswell will want is a little trip to a conference from time to time – to learn some new rules and regulations…

    Caswell is a freak….but he is a special gift to Barbados – if only we (and he) were not such brass bowls, we would recognize that…

    BTW a few more such gifts are:
    Mac Fingall
    Lowdown Hoad
    …..note that all are shiite talkers, but valuable assets…..so there may be hope for Bushie yet….

    @ ac
    WHEN (not if) Bushie take up his destined appointment, you will have nothing to fear…..even though you are right about a couple of points about Bushie….. 🙂
    ….nothing to fear- cause you will be appointed ambassador to Arizona… So you can rejoin your better half and represent us in relation to the diamondbacks out there….. Ha ha lol


  61. Due Diligence May 26, 2014 at 3:54 PM #

    Bush Tea | May 26, 2014 at 1:40 PM |
    “.even that Jamaica gal take a bite through the Caribbean Court….+

    The bite that Jamaica gal take is small compared to the bite that Jamaica guy, Butch take

    And, you can be sure that Arab Visitor with his yacht parked at the Port is looking for a very big bite

    Added by Barbados Today on May 24, 2014
    For the past several weeks, the Topaz has been docked in the Bridgetown Port. Why? It’s anybody’s guess. From what Barbados TODAY has been told, its owner, the deputy prime minister of the United Arab Emirates is not here on official business, so maybe it’s a pleasure trip –– even though there’s been no sighting of Mansour bin Zayed Al Nahyan, known as Sheikh Mansour, a member of the ruling family of Abu Dhabi


  62. Bush Tea May 26, 2014 at 4:04 PM #

    @ Lemuel
    …wid Hants, GP and that crowd…?

    You joking…?
    Bushie ain’t no bright boy….Bushie ain’t get no high marks in the 11+ (….well….not as bad as Peter W…. 🙂 ).but nothing like Hants and GP bozie….but…
    Bushie got NUFF family from Cawmere….. 🙂


  63. Sunshine Sunny Shine May 27, 2014 at 7:05 AM #

    @Bush Tea
    I will take your word for it that you have knowledge of who Caswell is. However Tea Bush, remember that familiarity breeds contempt and tends to blind us to what we see and know to be obvious.
    So there are potentially good candidates out there. So the next question is: how do we convince them? Also you think they would be able to avoid the highly contaminated environment of the free flow of money?

    Maybe we should ask one of the honest, upright, upfront, transparent politicians. And that would be ahh ahh hmmm…..?


  64. David May 27, 2014 at 7:43 AM #

    People will always be lured by greed, the job is to create a system which tightly manages the risk by holding officers accountable, adequate compensation etc.


  65. The People's Democratic Congress May 27, 2014 at 10:14 AM #

    Unless many kinds of flagrant misconceptions and their serious conflicting with the actual social political practices of the essences over which there are held are seriously dealt with by progressive intellectual political leaders in this country – and to with a view towards the coming into existence of sound valid conceptions and with their being in harmony with the actual social political practices related to their essences, Barbados will continue its head-first, body-long, down-ward diving plunge towards greater degradation and decline in its broad social, political, material and financial affairs.

    So here is one of the flagrant misconceptions and the great conflict that it has with the actuality of the social political practices seen: that Money (essence) is a Medium of Exchange.

    There are six arguments that the PDC has so far evolved to illustrate that Money is NO Medium of Exchange whatsoever. Here is one of them.

    1) Whereas any Medium of Exchange must NOT be personal property and must instead be public property (meaning then that it must not belong to its own individuality, but instead belong to a wider community/nation of people themselves) the fact is that M is purely a commodity that is used by hordes of people in Barbados daily to help them secure or pass on the use of remuneration costs/benefits, savings to one another, shows that these and other human related factors are having significant bearing on why Money has been long made by particular social conduct of most human beings to be the ONLY commodity that has been given by its relevant users its own remunerations benefits/costs of use, whilst at the same time serving as a means of remuneration itself. (Money though is NOT used by persons generally because it is a form of public property – which it is – but generally because it is a means of giving/receiving and too measuring numerically remunerations (and their different derivations)).

    So, though, it is another substitute for REMUNERATION in houses, cars, shoes, food, etc., and houses, cars, shoes, food, etc are other substitutes for remunerations in money, ( a Remuneration is anything that has general currency and legitimacy of commercial use according to the different purposes assigned by the users of it), Money has NOTHING to do with exchange for the said houses, cars, shoes, food, etc., as that, the exchanges themselves are only a type of limited human social conduct whereby, say, one person passes a golden apple to another, and at the same time or later under the same contract receives an orange from the said other (clearly the exchanges are NOT the apple/orange)( there are even multifarious countless resources, goods, (services totally) that cannot be humanly exchanged), but has every thing to do with the few but various purposes assigned to it by the different users of it.

    By many people in Barbados and beyond continuing to falsely ideologically and psychologically invert money to a medium of exchange – as against what it really is and what are its two principal functions – they really fool themselves that money is just one (principal) form of remuneration rather than correctly ideologically and psychologically converting every commercial resource and good into a potential or actual remuneration that can be used to assist in the greatest development possible of this country.




  1. Understanding the NIS of Barbados (1) – Social Characteristics and Basic Structure – Black In Barbados - May 25, 2014

    […] the island has been replaced by an overt but complex system of prejudice and discrimination … Continue reading →<img alt="" border="0" […]


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