The Grenville Phillips Column – Violating the Prime Directive

Dr Michael Howard’s many questions were recently answered by the Barbados Economic Recovery Team (BERT) economist, Dr Greenidge.  Hopefully he can answer our single question.

Let me first state that BERT’s austerity-based solution will likely work.  The austerity is supposed to be very severe, for as long as it needs to be until it works, which is expected to be many years.

The severity and duration of the foreseen suffering of the Barbadian public was the only reason why we designed a non-austerity alternative.  When we tried to share it with the last administration, we were promised that the only way it would be heard is if we entered the political trench.  We naively believed the promise, entered the trench, but were never allowed an opportunity to be heard.

To our knowledge, two other entities independently designed non-austerity plans, resulting in three non-austerity plans on the proverbial table.  But Solutions Barbados was the only entity that entered the political trench.

We now have a new administration and a new promise by a new Prime Minister.  Her first directive was that all ideas should contend.  Therefore, our question is: why has BERT not allowed a review of any of the non-austerity plans?  If it was an oversight, then since Dr Greenidge seems to be the BERT spokesperson, can he spare 2 hours to meet with us to assess our plan?  If he is too busy, then can he authorise a non-partisan accountant and/or economist or a panel of them to review our plan?  If it was not an oversight, then why is BERT violating that prime directive?

I am fully aware that Dr Greenidge’s traditional training would not likely have included non-austerity methods, much a surgeon’s would not likely have included alternative natural methods.  Therefore, let me suggest an analogy to hopefully spark his interest in what he may not know.

Let’s say that there are two main approaches to treating cancer.  The traditional more popular surgery, drugs and radiation (chemotherapy) which traumatises the body, and the alternative-health natural remedies mainly consisting of herbs, diet and exercise, which do not traumatise the body.

The traditional medical practitioners have convinced the Government that theirs is the only way to treat cancer, despite the proven success of alternative-health methods.  Therefore, traditional practitioners receive all of the national health budget and prestige, and are viewed as credible.

Traditional medical practitioners are not normally trained in alternative health methods.  However, rather than learn about them to improve patient-care, many use their prestige to irresponsibly ridicule what they do not understand, and dismissively reject alternative-health practitioners as persons on the fringe.

When we were facing economic ruin, the traditionalists recommended the only thing that they understood, namely, traumatic austerity.  Others designed alternative non-austerity non-traumatic solutions.  Dr Greenidge is urged to resist the temptation to be close-minded on this critical matter.

Since I may not get another shot at this, let me try to reason with him.  This may be a hard task since he may still be euphoric that an agreement appears to have been reached with the IMF, and he has the support of the private sector and unions, who are trying to convince us that the austerity that we are about to experience in exchange for an IMF agreement is unavoidable.

He should be aware that IMF personnel also agreed with our non-austerity plan, but they thought that it contained a fatal flaw.  They said that it depended on the unions’ support, and based on the unions’ adversarial relationship with the DLP administration, they thought that the unions would never agree.  However, we met with the NUPW, BWU and CTUSAB, and all three agreed to participate.  Therefore, the IMF’s singular concern was effectively resolved.  Mr Greenidge, please allow both ideas to contend – for the public good.

Grenville Phillips II is a Chartered Structural Engineer and the founder of Solutions Barbados.  He can be reached at NextParty246@gmail.com

160 comments

  • It would be madness to leave the young people stranded unless something better is being set up for them.

    Like

  • @fuzzy
    Taxing revenues is not outside the box, what do you think VAT is? And it goes by a host of different names around the world.
    Conceptually is sounds nice, yet despite claiming to have independent opinions which support his tax plans, GPII has continually failed to produce them, beyond saying they have been subjected to “rigorous discussion”.
    Bermuda imposes heavy import duties, but has no sales or income or corporate taxes (though they did institute a payroll tax), which duties have a similar effect to a consumption tax. They have property tax and a charge to corporations.
    This is not a concept one can use for the IBC’s? And a nightmare for consolidations in larger corps, in fact, on the surface, a possible reason to establish home base elsewhere. Much easier to consolidate a Bajan operation into their others, rather than vice versa. But accounting isn’t my forte.

    Liked by 1 person

  • Piece Uh De Rock Yeah Right

    Once again de ole man will make this observation.

    Grenville Phillips II does not deign to attend to this his post on Barbados Underground.

    He is not even in the category of a George C Brathwaite Political Cuntsultant and the latter at lease comes back to his vomit sometimes

    Bloggers here need to let Grenville Post his shy#Te and leave it for what it is

    The Sin of Onan spilt upon the ground.

    The man has delusions of grandeur and is of the misbegotten belief that his utopia will work.

    Leae the man alone and search for another.

    Like

  • Why don’t we cut the crap about Barbados is not a tax haven, but a low tax jurisdiction, and focus on becoming the best haven in the world? While Bim had a late start, the Canadians gave it a gift horse with legislation in 1982 (?). Since then? Either jump in with both feet, or get out.

    Like

  • We talk a lot about the private sector, especially William. What does it take for a private sector to deliver on its mandate besides froth?

    Ranked:12 Best Economies to Start a Business 2018

    Over 70% of global businesses have implemented reform in the past year.
    Data suggests New Zealand is the number one economy to start a business in 2018.
    Economiesin Canada, Hong Kong, Georgia and Jamaica found to be2018 start-up hotspots.
    Of all economies analysed, Kosovo and Uzbekistan have experienced the most growth2017-18.
    The UK ranks 14thin ‘economies to start a business 2018’ – a 0.12% decrease on figures in 2017.

    NEW DATA suggests the global business regulatory environment has changed dramatically in recent years.

    Per the World Bank Group, 119 of the 190 economies measured in the report Doing Business 2018 have enacted at least one business regulation reform in the past year.

    Of these, 79.8% implemented at least one reform for a second consecutive year and 64.7%have done so for a third.

    https://www.globalbankingandfinance.com/ranked12-best-economies-to-start-a-business-2018/amp/

    Like

  • NA i couldn’t agree more!! we half do everything. good enough, is good enough. always making excuses for ourselves. WTF does cayman, bermuda, USVI have that we don’t? we just can’t get anything done good enough enough to compete against others, and it is entirely our fault…not americas, not the former colonial masters…us! get in the game and lets get serous about being the best “low tax jurisdiction” in the would. im assuming people would prefer to reside here than some sandbar. but we won’t talk real solutions, lets look bad and blame, talk “big ideas”….here is a big idea give the canadians everything they could want in an offshore “low tax jurisdiction” then smile and welcome them when they come.

    Like

  • “here is a big idea give the canadians everything they could want in an offshore “low tax jurisdiction” then smile and welcome them when they come.”

    Dumb idea…why?? ALL the Canadian criminals will line up, come in and guess what??….commit crimes..lol

    Liked by 1 person

  • How short our memories, has everyone forgotten Del Mastro, Donville Inniss….Loblaws who got whatever they wanted since 1992 and used the island since then for a bank which was not a bank…..the 4 Canadian companies convicted for crimes in other juriductions whose names Donville is still keeping secret while he stares down at his shiny new pretty ankle bracelet provided him by the FEDS in the US..

    The days of giving Canadian criminals whatever they want are over, they already got whatever they wanted, billions of dolllars worth… when will yall learn..

    How quickly every forgets.

    Like

  • sirfuzzy (i was a sheep some years ago; not a sheep anymore)

    @ millertheanunnaki September 13, 2018 9:16 PM

    We can agree that this method of tax asssessment and collection might be the most efficient option.

    But you must remember that corporations do not pay taxes; they merely collect from the final payers, the consumers.

    (In the really real world consumers pay all the taxes. These taxes come in the form of prices we pay. Actually if the Corp decided it want more profit i can increase prices too as well without any justifiable increase in input cost. I hear your cry; but in the end THE ENDUSER/CONSUMER PAYS ALL THE TAXES IMPOSED)

    Would you still recommend that dividends be subject to tax in the hands of the shareholders- both individual and corporate?
    (Initially Yes, dividend income will be taxable. We can keep the current rate and tweak it as time progress to make the rate idea for us in Barbados)

    Very few accountants would back this simple straightforward proposal; not even GP1 (Grenville’s dad). For it would put them out of business and ready for the dump heap for professions (like those of the apothecary and priest) as a result of the fast spreading virus called ICT and driven by AI.

    (Our education system is looking towards STEM not STEAM(Science Technology Engineering Accountancy Maths) lol

    (In am old enuff to see the fall of the donkey as a major mode of propulsion; the ICE is becoming under threat from Battery Electric Vehicles and Fuel Cell Vehicles; Solar PV and wind may replace fossil fuels;

    I look forward to the day water storage becomes the norm(as done in Bermuda) thus easing the pressure on BWA and our individual; pockets) Times change and old tech and ways give way to new tech and new ways.

    Do you know if FCV become popular that Water(h2o) maybe the source material for making it. The future make be bright for island states; but we must be willing to change and change in the right ways no the wrong ways.

    Liked by 1 person

  • sirfuzzy (i was a sheep some years ago; not a sheep anymore)

    When we talk about Bermuda we pay a lot of attention to what it has done so well in the tourism and international business industries. But very few of us pay attention to what Bermuda has accomplished in the world of water management. Bermuda is as water scarce as we are.

    The difference is that they recognize it and are doing something abut it. We just seem to want to talk aloooot about it. We procrastinate for it is good to do such?

    Bermudians store plenty of the valuable rainfall they get I tanks and cisterns etc. By in large they have a very good system. Bermuda is part of the Commonwealth of Nations, I am sure we can learn some other thing from bermuda alongside IBC and tourism tricks

    A BBC podcast can be found at https://www.bbc.co.uk/programmes/p04m747j

    Just my thoughts

    Like

  • peterlawrencethompson

    @ sirfuzzy (i was a sheep some years ago; not a sheep anymore) September 13, 2018 5:43 PM
    “A revenue tax on corps can work but no one is willing to try.”
    +++++++++++++++++++++++++++++++++
    This is completely untrue. Revenue tax on corporations is commonplace. Think it through… a tax on the revenue of corporations is exactly the same thing as a tax on the sales those corporations.

    A tax on revenues is a tax on sales… a SALES TAX. There is absolutely no difference. Sales taxes are very, very commonplace. We have one in Barbados called VAT. We just got rid of another one called NSRL.

    It took me several months of arguing with Grenville during the election campaign, but he eventually conceded this very obvious truth… a tax on corporate revenues is just another sales tax.

    Liked by 1 person

  • @ PLT
    a tax on corporate revenues is just another sales tax.
    ++++++++++++++++++++++++++++++++++++++++
    So,…..?
    What is in a name…?
    A rose by any name….

    It remains the simplest, most effective, most equitable, most policeable tax available….
    Why do some OTHER ineffective nonsense just because you give it a label of ‘sales tax’?

    All corporation taxes are effectively “sales taxes”.
    The others just provide more leeway for manipulation to the corporation’s benefit.

    Liked by 1 person

  • peterlawrencethompson

    @Bush Tea September 14, 2018 7:39 AM
    I make the point because Grenville is still trying to sell it as something new, different, and out of the box. But it is same old, same old… some like sirfuzzy are taken in by Grenville’s duplicitous sales pitch.

    A sales tax IS the most effective way for a government to raise public revenue, but it should be one like VAT which taxes only the value added at each stage of the production process. To do otherwise introduces distortions into the economy because the government ends up levying taxes on tax. There should be absolutely no exemptions on VAT for it to be effective. The needs of the poor should be taken care of by giving them money directly through the income tax system.

    Like

  • @ David
    My major problem is that we seem so eager to beat up Stuart, Sinckler, Arthur , Mottley the Public Servants, Trade unionists , Teachers etcbut I am yet to read,see or hear anything national substance from the private sector. They marched up and down the place to change a government,that deserved to go, but after that what ?
    We going to get about 500,000,000. (Half billion) Bds. From the IMF. Am I to believe that real dynamic and innovative investment from our private sector,cannot at least ease the pain , we are going to suffer for what in realmoney terms, is a very paultry amount of money?
    Yet every day,in their own , selfish and greedy interest, they are moving toward specific mergers and acquisitions, to position themselves to exploit any immediate benefits they can derive from our hardship.
    I am going to say again and again, the reason we had to give Sandals those incentives is simply because our private sector, in the tourism industry, had over sixty years to develop a brand such as Sandals and they would not do it.
    However they invested millions in mansions, golf courses and marinas for the rich. They invested in fast food enterprises and made sure that authentic entities such as Baxter’s Road disappear.
    They don’t deserve a cent from the treasury.
    Why don’t they step up and send the seniors to the games in Utah or at least write the Cheque and save the Barbados Defense Force Sports program.
    Certainly that won’t break them. We supposed to be all in this together. Sandals just hired seventy. That puts food, not sound bites, on the table for at least 300 more to eat.

    Like

  • sirfuzzy (i was a sheep some years ago; not a sheep anymore)

    @ peterlawrencethompson September 14, 2018 7:51 AM

    The war on the words. “revenue ” vs “sales” This is a battle of what we call the taxes. The great semantic war on BU of 2018

    It is a tax. Let me call it a “Revenue Collection Vehicle only Imposed on “Corporations” RCVoIoC.(RCVIC).

    I am not an accountant; what is the fundamental difference between “sales” and “revenue” is one a subset of the other? I await your definition or explanation.

    Like

  • sirfuzzy (i was a sheep some years ago; not a sheep anymore)

    @PLT.

    Why does or did govt via the customs department impose “import duty” on the value of good imported;
    then added the “import duty” to the “invoice value” of the good so that this higher value can be the basis for the calculation of VAT?

    Where and when was any valued added to the good between movng from the back of the customs warehouse to the front of the customs warehouse?

    Liked by 1 person

  • peterlawrencethompson

    @sirfuzzy September 14, 2018 8:18 AM
    There is no difference between sales and revenue.
    The point about taxing corporate revenue is that corporations do NOT pay it, consumers do… in exactly the same way that they pay any sales tax.

    Like

  • peterlawrencethompson

    @sirfuzzy September 14, 2018 8:27 AM
    “added the “import duty” to the “invoice value” of the good so that this higher value can be the basis for the calculation of VAT”
    ++++++++++++
    Very good point. The import duty is a distortion introduced in an attempt to protect local competitors. VAT should not be applied to import duty, but the revenue department is greedy.

    Liked by 1 person

  • sirfuzzy (i was a sheep some years ago; not a sheep anymore)

    (Quote)some like sirfuzzy are taken in by Grenville’s duplicitous sales pitch.(quote)

    Actually i can remember an outspoken member of the CBC on capitol hill advocating for a transaction tax on wall street long before SB was created. His argument was that wall street big banks will always get around paying taxes on profits. The taxcode is to big and all will fight tooth and nail to preserve their niches. The Dem or GOP legislators will eventually buckle under the weight of their monstrous tax code and the amendments. Therefore litle will ever get done in terms of a major rewrite.

    Therefore as Wall Street is highly automated with computer driven transactions and trading etc, it is time you change the revenue collection paradigm. Freeze all changes to the taxcode as it affect wall street.

    Place a very small tax/fee/levy on every transaction(thus transaction fee/tax). As billions of transactions are conducted daily Uncle Sam will collect his money that way. Wall street is great at making and recording transactions, therefore as it will be impossible to not record the transaction thus impossible to hide the fee. I think he was not advocating a value percentage but a fixed amount per transaction. The fee itself is insignificant but since you do billions of transactions a week revenue will be sizeable on an annual basis.

    Like

  • peterlawrencethompson

    @sirfuzzy (i was a sheep some years ago; not a sheep anymore) September 14, 2018 8:56 AM
    Ah now you are beginning to make sense, but a transaction tax is a radically different idea than a tax on corporate revenue.

    The only problem that I foresee with a universal transaction tax is that with contemporary technology and too many lawyers, corporations with shift the legal domicile of every significant transaction to a jurisdiction where it is not taxed. What we will then require is a global taxation system.

    Liked by 1 person

  • “Turkey’s central bank has raised interests rates drastically to 24pc in a shock-and-awe move to stabilise the lira and restore the country’s shattered credibility after months of foot-dragging.

    It comes as a string of economies in Asia, Latin America, Africa, and the Middle East are being forced to tighten monetary policy to defend their currencies and prevent capital flight. “It is going on everywhere. This is all triggered by the US Federal Reserve,” said Lars Christensen from Markets & Money Advisory.”
    https://www.telegraph.co.uk/business/

    Like

  • @ PLT
    The short sighted mistake that Stinkliar made was in thinking that the only purpose of taxes is to raise revenue for government to spend.
    This is such simple minded thinking that it is no wonder we are in deep doo doo ….. and getting deeper.

    An even MORE IMPORTANT role of taxes is to steer society towards some INTENDED objective or collective vision.
    This is something that Tom Adams actually understood… but which has evaded the jokers who followed him…. including Owen.

    It is by tax incentives/penalties that local businesses SHOULD have been encouraged to get into productive enterprises.
    It is by tax incentives (and penalties) that locals SHOULD have been incentivised to be productive and creative…
    Just as tax incentives supported the Credit Union and the Solar hot water businesses, these COULD have been used to drive meritocracy, international competitiveness and national productivity…. while penalising mediocrity.

    Unfortunately, this would have required CREATIVE, innovative leadership at the political and management levels.
    Such is NOT available from the lawyer-type vultures that have dominated our political and business landscape over the past thirty years.

    Tax is a significant management TOOL to shape a society.
    But it takes intelligence to have a sound VISION to be pursued…
    …and to formulate strategies to incentivise brass bowls to toe that agreed line…

    No wonder our donkeys are grass-bound…

    Like

  • sirfuzzy (i was a sheep some years ago; not a sheep anymore)

    @plt

    (quote)Very good point. The import duty is a distortion introduced in an attempt to protect local competitors. VAT should not be applied to import duty, but the revenue department is greedy. (quote)

    +++++++++++++++
    May i suggest that the greed of the BRA means the enduser/consumer eventually ends up paying the import duty in the price he/she pays for good?

    @bushTea

    Is this BBFIT /CFIT ?

    Like

  • @ PLT at 9 :04 AM

    A very insightful interjection. In a sense a start towards global taxation has been made in the EU. This is the new gospel that the EU is trying to spread to its donor recipient partners. Whether it is beneficial to CARICOM or not this is the era of big government and they need tax revenues to pay the public expenditure bills. They are insisting that all must pay their fair share of taxes.

    Like

  • peterlawrencethompson

    @Bush Tea September 14, 2018 9:10 AM
    You are correct, of course, “that local businesses SHOULD have been encouraged to get into productive enterprises” by our leadership. It is a step to far, in my opinion, to assume that such leadership must come from government exclusively.

    “Tax is a significant management TOOL to shape a society…” that is true, but it is not the only one. Barbados society has failed at many more levels than simply government policy.

    Liked by 1 person

  • sirfuzzy (i was a sheep some years ago; not a sheep anymore)

    Whether it is beneficial to CARICOM or not this is the era of big government and they need tax revenues to pay the public expenditure bills.

    +++++++++++++++++++

    Thus is a reality that the long range thinkers are seeing. We need a major event to suck up this excess of humans on this planet. Normally we contrived a major war about every 50 years to fix things.

    But that has not happened for about 70+ years so we feeling the pressure of the human capital on the planet.

    Capitalism is working hard at removing many jobs and professions that are around today. In the not to distant future AI and automation will remove many more mundane task from the job sheet.

    Self driving car and transport lead the wish list. Capitalism and nationalism work together often for totally different objectives. But capitalist are about maximising the return even if it means displacing millions of humans. At the same time doing all it can to avoid paying any fair share of taxation.

    So the scenarios the EU thinkers maybe be seeing is large portions of the population that want to work but cannot because of AI and Automation. Corps hoarding all the money elsewhere. Mainwhile the populace needs services at the level they are accustomed to. They weak the sick the elderly needs must be met etc. Education health defence must continue; otherwise society will breakdown etc.

    The battle lines will be drawn and redrawn. Capitalism vs Nationalism. The society that supports the corp will demand some return from the greedy corps, and the corps will try they best to keeps as much money away from the tax man and national objectives.

    Something will give. And i think the EU planners are aware that they must bend the will of the corps to be less greedy unless the populations rises up and takes it from the corps. Society does not work well it their it too much internal conflict.

    In that case the corp will want the EU leaders to call in the armed forces to suppress. Mind you call in the same law enforcement/armed forces who the corps diligently try their best not to support by deliberately not paying they fair share of taxation.

    The corps are on a plan to have all the benefits with out any proportional contribution. Capitalist vs nationalists.

    Like

  • But hold yuh horses that half a billion is contingent that barbados can repay and have the ability to repaythe first 49 million on a timely manner
    Cant see the IMF handing barbados further money unless barbados show significant proof they can repay the first set of payments

    Like

  • @ Sir Fuzzy at 9 :59 AM

    Exactly my take on the current situation. Small economies,societies and polities, such as Barbados, have to work out our salvation in this turbulent scenario. It is not easy for the political class. So we ought not to knock them too hard when they sometimes stumble and fall. They need all the help we can give.

    Like

  • sirfuzzy (i was a sheep some years ago; not a sheep anymore)

    Barbados, have to work out our salvation in this turbulent scenario. It is not easy for the political class.

    Often a drowning man drowns because he doesn’t ask for help. If our political classes think they got all the brains and governing is am exclusive right on to them. Then bbfit/cfit. Donkey meets turf.

    Like

  • Agree with you Bush Tea, is this what the economists refer to as incidence? Why are governments failing with economic policies then.

    Like

  • sirfuzzy (i was a sheep some years ago; not a sheep anymore)

    Imagine a $1 tax on every barrel of apples an apple farmer produces. If the farmer is able to pass the entire tax on to consumers of apples by raising the price by $1, the product (apples) is price elastic to the consumer. In this example, consumers bear the entire burden of the tax; the tax incidence falls on consumers. On the other hand, if the apple farmer is unable to raise prices because the product is price inelastic, the farmer has to bear the burden of the tax or face decreased revenues: the tax incidence falls on the farmer. If the apple farmer can raise prices by an amount less than $1, then consumers and the farmer are sharing the tax burden. When the tax incidence falls on the farmer, this burden will typically flow back to owners of the relevant factors of production, including agricultural land and employee wages.

    Where the tax incidence falls depends (in the short run) on the price elasticity of demand and price elasticity of supply. Tax incidence falls mostly upon the group that responds least to price (the group that has the most inelastic price-quantity curve). If the demand curve is inelastic relative to the supply curve the tax will be disproportionately borne by the buyer rather than the seller. If the demand curve is elastic relative to the supply curve, the tax will be born disproportionately by the seller. If PED = PES the tax burden is split equally between buyer and seller.

    Tax incidence can be calculated using the pass-through fraction. The pass-through fraction for buyers is PES/(PES – PED). So if PED for apples is -0.4 and PES is 0.5 then the pass-through fraction to buyer would be calculated as follows: PES/(PES – PED) = 0.5/[0.5 – (-.0.4)] = 0.5/0.9 = 56%. 56% of any tax increase would be “paid” by the buyer; 44% would be “paid” by the seller. From the perspective of the seller, the formula is -PED/(PES – PED) = -(-0.4)/[0.5 -(-0.4)] = 0.4∕.9 = 44%

    Like

  • @ PLT
    “Tax is a significant management TOOL to shape a society…” that is true, but it is not the only one
    ++++++++++++++++++++++++++++++++++++++++++
    OK…
    Name another that is easier, more effective or more reliable…. and PLEASE …don’t say Law. We are speaking of Barbados.

    @ sirfuzzy
    BBFIS…. more precisely…
    Where there is no vision, brass bowls fly into the shiite….

    @ David
    Economists?
    What the hell are those…?
    Products of universities intent on producing a graduate in every household?

    This is a field of study whose premise is built around the psychology of a specific period in history – following the second world war.
    This premise ceased to be relevant post 1990….
    Shiite Boss… it is like having the expert blacksmiths of old advising us on maintaining our current vehicles …because we still use terms like ‘horse power’….

    But where ignorance is bliss – brass bowls are sure to thrive.

    Like

  • sirfuzzy (i was a sheep some years ago; not a sheep anymore)

    @ sirfuzzy
    BBFIS…. more precisely…
    Where there is no vision, brass bowls fly into the shiite….

    murdda lollololo i love it

    Like

  • @ Sir Fuzzy at 10 :28 AM

    Should the political class have to ask members of the society for help? Does the society belong to the political class? Like every other citizen they are attempting to do their jobs to the best of their abilities. The citizens have a vested interest in their success.

    @ David at

    Tax incidence relates to putting taxes on the sections of the society that can and will pay taxes. If the sector is already overtaxed the revenue will not flow in. If the sector avoids and evade taxes the imposition fails to yield the expected revenue.
    The outcome depends on the skill of the economist, the efficiency ofthe tax administrator and the integrity of the taxed.

    Like

  • Bush Tea

    If you do not stop attacking economists, I am going to bring some raspberries for you to put in those empty brass bowls,and suitably wrapped up in several types of Jamaican clawts.

    Liked by 1 person

  • sirfuzzy (i was a sheep some years ago; not a sheep anymore)

    Should the political class have to ask members of the society for help? Does the society belong to the political class? Like every other citizen they are attempting to do their jobs to the best of their abilities. The citizens have a vested interest in their success.

    I am referring the political class; that only seeks advise form Roebuck or George streets. There are many other places in Barbados to get advise but they may not seek it from there or entertain any inputs unless it comes from two aforementioned streets..

    Like

  • peterlawrencethompson

    Instead of asking ourselves why our leaders are such failures, we should ask, perhaps, why we put such failures into leadership positions.

    Like

  • sirfuzzy (i was a sheep some years ago; not a sheep anymore)

    @ peterlawrencethompson September 14, 2018 1:31 PM

    Yo are so right; we promote condone tolerate the crap coming from our leadership. We are to quick to equate a good leader at the “party level” with a leader at the national level. Unfortunately that maybe the Westminster model.

    Maybe a change of model would allow for other leaders than “political” leaders to be put-in charge of the nations affairs.
    I am all in favour of a change where the cabinet will limited to 3 (MPs)elected members at maximum the other ministers are engaged from outside HOA. The 3 guaranteed to be in the cabinet are PM ; Deputy PM and Min National Security. The other MP will be just that “the peoples rep” to make sure their ppl are properly represented.

    A cabinet pick need to be approved by the HOA and Senate by serve at he pleasure of the GG and HoP in that order.

    The cabinet will be a fixed size unless a special consideration is given by HOPA to increase or decrease it.

    A hydrid system may work. We elect parties but not necessary the party’s leaders becomes president/PM.

    Maybe we can get some better talent to run ministries other than just lawyers moonlighting at …. in cabinet.

    Like

  • peterlawrencethompson

    I think proportional representation would help make representation more diverse and reduce/eliminate the power of party whips. Barbados is much too tiny to require geographical ridings.

    Like

  • @ Vincent C
    Bush Tea……If you do not stop attacking economists, ….
    +++++++++++++++++++++++++++++++++++++++++++
    Cuddear Boss…
    Can pit bulls stop biting?
    Can maripoka make sense?
    Can mosquitoes stop biting…?

    well..
    Whackers must whack.
    …and Bushie is unfortunately allergic to jobby….

    So you do what you have to….
    ….cause Bushie will call a spade a spade
    ….and will call economists, … (whatever the Hell those are…) as he see them

    LOL
    At least wunna ain’t as bad as politicians, lawyers or church leaders….
    ha ha ha
    Murdah!!!!!

    Liked by 1 person

  • I think proportional representation would help make representation more diverse
    ++++++++++
    You can do better than this PLT.

    What will be the difference if we accumulate jobby from ‘diverse’ sources – rather than from within a single political party?
    Jobby is jobby.

    You MUST know that the reason why we put such idiots in leadership ..is that they REPRESENT EXACTLY who we are…
    Sensible leaders would look like complete idiots to brass bowls….and NEVER receive our vote.

    Imagine a potential leader telling Bajans about the need to WORK HARD….
    ….about MERITING their monthly pay check-by putting more INTO their work than they expect out?
    Imagine committing oneself to honestly prosecuting ALL kinds of crime? …irrespective of Lodge, School. Church or family ties…?
    LOL
    ha ha ha
    We would probably send such a ‘candidate’ to Jenkins…. if we did not crucify his donkey….

    We have all been sold on an albino-centric philosophy which we have imbibed to the max..
    We DEFINE leadership by its conformance to these albino-centric standards…
    Then we complain when the INEVITABLE consequences present themselves….

    Boss…
    UNLESS there is a CHANGE in our hearts – such that we graduate from that albino-centric greedy selfishness, we will continue to reap the fruit of jobby….

    Like

  • sirfuzzy (i was a sheep some years ago; not a sheep anymore)

    LOL
    At least wunna ain’t as bad as politicians, lawyers or church leaders….
    ha ha ha
    Murdah!!!!!

    are u sure; i was once a member of the flock; before deflocking. lol

    Like

  • “Instead of asking ourselves why our leaders are such failures, we should ask, perhaps, why we put such failures into leadership positions.”

    @PLT

    Because we choose our leaders based on personality not character. Character is nature, it is set, it cannot be changed, it comes from within, it is your core beliefs and guiding principles.

    Personality is whatever you want it to be, it is superficial and politicians are adept at altering and manipulating it for “personal” gain

    Why are we seduced by personality, well Bush Tea has explained this over and over, something about brass bowls

    Liked by 1 person

  • peterlawrencethompson

    @Bush Tea September 14, 2018 2:40 PM
    There are probably already about 5,000 adults who think that “Bajans about the need to WORK HARD… about MERITING their monthly pay check-by putting more INTO their work than they expect out of it…” but they are widely dispersed among the 160,000 registered Bajan voters. Only 100,000 will vote in an election, so your 5,000 votes will almost certainly get someone like you elected to parliament under a proportional representation system since your votes do not have to be clustered in a single geographic constituency. Most of your campaigning can be right here on BU or on other social media where you use your whacker in your customary style. Bushie for MP!

    Like

  • @ Mariposa

    Compared to the CS loan
    The IMF loan will be saving the government over 26M/yr.

    Then if you add the interest that will be saved from debt restructuring there should be a few more millions more to put back into the economy. To fix thing that was neglected by the former government.

    That is a start in stopping and turning around the economy. Other measure for growth will come after the decline is stabilized. Everything cannot be done in 100 days or even in 6months.

    Liked by 1 person

  • I think proportional representation would help make representation more diverse and reduce/eliminate the power of party whips. Barbados is much too tiny to require geographical ridings.(Quote)

    Nonsense. It will also be the quickest way of diminishing the electoral power of black people.

    Liked by 2 people

  • Piece Uh De Rock Yeah Right

    @ the Honourable Blogmaster

    Your assistance please with an item her thank you

    Like

  • John u talking numbers on paper but when the reality kicks in
    Those numbers would never add up given the small population of barbados and the many whose income cannot afford their personnel debt along with having enough to pay taxes for govt debt
    The shortfall from this loan is going to be enormous unless govt have other workable plans in place which would help relief some of the burden from the taxpayer
    Take for instance the taxes placed on the hotel industry i would wager to say many rooms would be empty and those that are full would most likely find vacationers cutting there vacation short to save money
    The long and short being that consumers can get very creative with their spending as to killing two birds with one stone
    Sinckler loan would have avoided the heavy handed and uneven approach of govt placing heavy taxation on the poor and foreigners included
    So what does the IMF 1 pecent loan has a provision to ease the pain and debt suffering of the people?

    Like

  • Dear GP,
    “Let me first state that BERT’s austerity-based solution will likely work”.

    Regardless of the success or lack of success of BERT, five year from now those words will be taken as your approval of BERT.

    Many here will reply to you as if they were writing poetry or search for the biggest word that they can find in a thesaurus and then use it in a sentence. My aim is to give you grounding in the art of street fighting; to add the sucker punch, the gouging of eyes and fingers up the nostrils to your arsenal of weapons.. . It appears that you wish to conduct this fight using the Marquis of Queensbury rules but you need to be taught a rougher style of fighting.

    Stop t thinking ‘weekly’ and adopt a five year vision. Your weekly contributions must not be used against you in 2023. .Resist the urge to be complimentary or supportive of other parties. If you agree with what is being done, you must spin in such a way that no one can turn your words back at you.

    It appears that intuitively you sense that you had made a mistake, but your “The austerity is supposed to be very severe, for as long as it needs to be until it works, which is expected to be many years.” was a little too late.

    More neutral text
    It will be interesting to se what follows when BERT is implemented.. Regardless of the outcome, the austerity is supposed to be very severe, for as long as it needs to be until it works, which is expected to be many years. I only hope that my fellow countrymen can survive the numerous policies that will be implemented to reverse the dire situation that we find ourselves in. As a patriot, I wish the very best outcome for the people of Barbados..

    Don’t paralyze yourself with “will I, wont I, will I” run in 2023, Start running today and run hard. You can always drop out later

    A supporter who wants a win.

    Like

  • might have laid it on too thick… but your head kinda hard…

    Like

  • “What does it take for the private sector to deliver on its mandate besides froth”
    what constitutes “its mandate”

    Like

  • Exploit an enabling environment to add to the GDP?

    Like

  • I believe the business community, need consistent predictability (within acceptable ranges)
    This can be seen as “reasonable risk”. Barbados began to exceed this in several areas.

    Like

  • Piece Uh De Rock Yeah Right

    @ the Honourable Blogmaster

    I want you to ban Theophillus Gazerts the Anonymice from Canada.

    You read his post to GPII at 6.02 pm?

    Anarchy and Sedition itself!!

    He has given that dufus the keys to the kingdom Pearls before Swine!!

    GP can neither understand not can he absorb this 5 year plan for such is a bridge too far for him.

    Speaking about a bridge too far I submitted an item here earlier and i noticed that you might have missed it (that is depending on which of the BU Borg you are heheheheheheh)

    Like

  • mariposa

    Sinckler debt cost us AT LEAST 24million in interest alone.

    Who the hell you think gotta pay that?

    If he had gone to the IMF instead that would have been AT LEAST 24 million less burden on the tax payers.

    You don’t know the shite what you are saying just like sinckler didn’t know what he was doing.

    Like

  • John2,

    Please notice that you do not need any qualification to become minister, judge or high bureaucrat under a DLP-admin. All you need is the right allegiance to Barrow and his minions. Like in a feudal system.

    Like

  • John
    Unti u realize the draconian measures on a 49million loan placed on the backs of the people u would not be able to understand the difference of paying interest without back breaking measures
    Plus the amount of money which will be shelled out on the 49million out by those you can not afford

    Like

  • Also John i guess u are not one of those people whose water bill on one month went from 32 dollars to over 100 dollars
    Or you fuel cost double in payments
    Look dude u might be one of the privilege few who see a gain but never feels the pain
    Well for a start think about a family of four living off a meager salary

    Like

  • Like the family of four that was living off a meager salary and had to pull their kids from university . A program that was implemented to get the same family a leg up the ladder?

    CS loan cost us AT LEAST half of that 49 million alone. where are the benefits? Not one bus or sanitation truck or road fixed etc.

    Don’t let me start adding on the debt that was paid to the private haulers because of the lack of trucks. That was coming from the tax payers pockets.

    Liked by 1 person

  • Don’t tax me
    Don’t tax the family of four
    Don’t tax the tourist
    Don’t tax the gas
    Don’t tax you

    Sell the oil company
    Sell Hilton
    Sell all the other non performers: Transport Board; NHC etc.
    We should get about 1 billion when we sell off everything. Is that enough to pay our bills?

    What will happen after we sell everthing? Devalue the dollar?

    Liked by 1 person

  • This is the position that was just rejected. The fact the DLPites continue to be locked to the position shows the state of thinking in that Opposition camp.

    Liked by 1 person

  • @John2
    You brought back a saying that was popular years ago

    Russell b, Long “Don’t tax you, Don’t tax me, Tax the man behind the tree”

    Perhaps you could work hard on the “Don’t sell” part and become a Bajan immortal

    John2: “Don’t sell

    Like

  • The total amount to be given would be less than half owed by govt
    My concern does not lie with not wanting change
    But a change which govt can implement without further hardship to the people
    Earlier i stated the challenges of a family of four on minimum wage
    How can then can the measures presented be of any benefit to such a household short term or long even if these measures were meant to stablize the country debt
    Where and how and when does govt measures help to stablize this family household
    In my opinion such measures only add to a depreciation value wherby family living on the lower end of the economic chain eventually end up poor and destitute trying to pull both wagons

    Like

  • Mariposa
    That family of four that you took away the ladder of free university from?
    The family of four that you taxed on everything with NSRL?

    Not wishing anyone should have to go there but for the one that are poor and destitute, welfare was increased.

    Was it increased when you were taxing them with NSRL on everything including shoes and school uniforms for the kids, clothing for the parent and items for the house like a stove or fridge?
    Where was your concern for the poor and destitute family of four then?
    Did you even ask for and increase of welfare to assist them then?
    Or were you talking about how NSRL is good to dampen imports and save Foreign Exchange?
    Now you are coming with false pretense care for the poor to try to prove that the CS loan was better for the country than an IMF loan?

    Your CS 10% loan, don’t tax anybody – yet tax everybody with everything (NRSL), sell off non-preforming SOE, tek way university was totally rejected by the masses FOR A REASON!

    GET USED TO IT!

    Like

  • John2,

    You cannot convince Mariposa or figures like Sinckler.

    For them neither emancipation nor independence or “free” education worked out.

    Like

  • Convince me that back burden policies on a loan are harsh
    Hell yes you are right that i cant be convince that 1percent loan with day to day burdens on the populace would be enough to please the populace

    Like

  • But a 10% loan and NSRL was !

    Like

  • The populace really showed them

    Like

  • John u might be part if the prvilege few who can carry govt debt daily across your back at one percent

    Like

  • @ Mariposa September 15, 2018 1:31 PM

    Maripokey, why don’t you following your own mantra; the one you keep repeating many months ago to the then Opposition?
    “Why only negative criticisms of the DLP version of BERT! Bring Solutions, Alternative Solutions!”

    Isn’t Karma a sweet bitch?

    It would make more sense if you were to ask if the IMF loan is to be used to prop up the Balance of Payments (as the Credit Suisse loan was used for) so that Bajans could continue to shop in supermarkets to buy ‘sweet’ corn imported from Florida and bottled water from overseas while the lands in St. John are returned to a state worse than when the ecky-beckies arrived there from New Castle and the good ‘Bowmanstan’ spring water continues to flow right back into the sea.

    Like

  • I would rather carry it at one percent than ten

    Like

  • Mariposa

    You see the report that the British arrivals for next season still remain up?

    I ain’t hear you or stuck and stones make any comments about that

    Like

  • Come on
    Let us hear how that will be a negative for the foreign reserves and will cause further burden in the poor tax payers

    Like

  • What you read was a final analysis before Mia dropped the Tourism bomb.

    If the govt expectations from the taxes does not produce the necessary revenue , Then the taxpayers in some way would have to make up for the shortfall

    Like

  • You are right, you are onto to something. The taxpayers will have to come up with the shortfall in foreign exchange.

    Like

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