Too Much Voodoo

grenville-phillips

Submitted by Grenville Phillips II,

The year 2020 was my year for playing shots – using Clyde Mascoll’s recent cricket analogy. This was to be the year of making significant investments, all of which would have benefited Barbados and Barbadians. Then Clyde got in the way.

Like so many other Barbadians, I have a mortgage. The only benefit of a mortgage is that it allows you to occupy your house about 10 years earlier. For that privilege, you get to pay the bank a lot of interest.

The amount that you borrow is called the principal. The amount that you repay is about 2.5 times the amount that you borrow. Therefore, if you borrowed $500,000, you get to repay the bank about $1.25M over 30 years.

The amount that you repay the bank, over what you borrowed, is called interest. The interest is about 1.5 times what you borrowed. So, if you borrowed $500,000, then you must repay the bank the $500,000 you borrowed, plus 1.5 times that amount, or an additional $750,000 in interest.

The amount paid to the bank during the first 10 years is almost the same as the amount you borrowed. While most of the amount you pay during the first 10 years goes towards the interest payments, some goes towards the principal.

If you had a responsible employer, then you likely have a retirement savings plan with an insurance company, or a bank. When you reach 55 years of age, the retirement funds must be paid to you. I encouraged persons to use those funds to pay the remaining principal, rather than paying interest for the next decade or two.

Over 5 years ago, I started warning people that the DLP would try to tax our retirement savings. By that time, they had taxed everything that could be taxed, and retirement savings was perhaps the only thing left. So, I tried offering economic growth proposals that did not require additional taxes.

Trying to get anyone to listen to economic growth plans 5 years ago appeared to be impossible. The national: accounting, economics, banking, and business organisations seemed to have only one aim – to get the DLP out of office, and the BLP in. The Chamber of Commerce actually passed a regulation to prevent me from sharing our economic growth plan with their members. That regulation is still in place – but only for me.

Even the DLP would not listen – they seemed to have the same agenda. So, one year later, our economic growth plan was published for public scrutiny, and Solutions Barbados was formed to contest the general election, and implement the plan for the benefit of the public.

If families could pay off their mortgages early, then everybody wins. Families would have significantly more disposable income to ‘play shots’, the government would reap the tax benefits of that additional spending, and banks would need to compete for short-term business growth loans – or go under.

During the general elections, I was on a panel with Clyde, where he told the audience that our plan was ‘voodoo economics’. So, we provided our anti-corruption, quality management, low-tax economic growth plan to individual economists and accountants, and received a very favourable report.

The independent expert confirmed that we could achieve $1B in surplus during our first year, without borrowing, laying off a single public worker, or reducing salaries. He further noted that all political parties pushing high-tax austerity needed to review our plan.

After the general elections, Prime Minister Mottley, to her credit, acknowledged that the BLP did not have all the answers, and instructed her party that all ideas must contend. But Clyde would not. The BERT leadership publicly admitted that they never looked at our economic growth plan, and dismissively noted that they would never look at it.

Last week, BERT signalled that they had failed miserably to grow the economy. All they had to show for the past 20 months is: severe austerity, high taxes, zero economic growth, and arrogant public relations to hide their gross incompetence.

Last year I reached 55 years – but it was too late for me. The clown car had rolled up the year before, and Clyde and company tumbled out – and started performing tricks. They did what I was warning that Sinckler would do – but wisely chose not to. They confiscated much of my retirement savings, and passed a lunatic law to make that theft legal.

Mercifully, they left me with just enough that I could still pay off the mortgage, and start playing shots this year. But that was too much voodoo for Clyde. So, they decided not to release all my money until 2033. They have now entered the comedy phase of their routine – telling us to ‘play shots’. With what Clyde, with what?

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

356 comments

  • Any one who thought that recovery would be soon, is living in a fool’s paradise. This recovery thing is going to take about forty-years( if ever it does occur).All one had to do is examine the track-record of countries which experienced.an IMF bail out. Hardship is the name of the game. A country like Barbados produces very little that is wanted by the world and its people have been living above their means. I see continual lawless and corruption being the order of the day for this country. A revolution is needed, but then it most likely would end up being another “Animal Farm”. As Hal so often remarks Barbados is a failed state.

    Like

  • “So, we provided our anti-corruption, quality management, low-tax economic growth plan to individual economists and accountants, and received a very favourable report. The independent expert confirmed that we could achieve $1B in surplus during our first year, without borrowing, laying off a single public worker, or reducing salaries.”

    @ Mr. Phillips II

    I must commend you on writing what is, in my opinion a relatively good article, which was simple and to the point.

    However, for the past four years or so, you have been saying, from the several “individual economists and accountants” that reviewed Solutions Barbados’ economic policies, it was only ONE accountant that essentially gave them a “thumbs up.”

    It would have been a good idea if you had included a copy of the report to reinforce some of the points you made in your article. Unfortunately, repeated calls by BU contributors, asking you to present that report to this forum for their perusal, have continued to “fall on deaf ears.”

    Would you mind sharing with BU, what difficulties are you experiencing that’s preventing you from sharing the information?

    Or are there other reasons why you’re with-holding it?

    Liked by 1 person

  • @Grenville

    Have to agree with those calling for the bona fides of the subject matter expert you constantly refer to as validating your number crunching. It has escalated to a matter of integrity and public trust.

    Like

  • RE If you had a responsible employer, then you likely have a retirement savings plan with an insurance company, or a bank. When you reach 55 years of age, the retirement funds must be paid to you. I encouraged persons to use those funds to pay the remaining principal, rather than paying interest for the next decade or two.

    ONE SHOULD ALWAYS SEEK TO AVOID PAYING INTEREST AS MUCH AS POSSIBLE
    I HAVE NEVER HAD A LOAN WHICH I DID NOT PREPAY LONG BEFORE THE LOAN PERIOD HAS EXPIRED

    ONE WAY TO DO THIS IS BY PAYING SOME ADDITIONAL AMOUNT THAT ONE CAN AFFORD TOWARDS PRINCIPAL AS OFTEN AS POSSIBLE DURING THE COURSE OF AMORTIZATION

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  • “This recovery thing is going to take about forty-years( if ever it does occur)”

    Let them continue living in a fool’s paradise with their slavemindedness, by the time the dust settles this time around, the BLACK GENOCIDE of the African descended would have taken place and everyone would have moved on to another decade or century.

    ….let them continue with their miseducated, dumb selves talking their usual unintelligent shite..

    Like

  • (Quote):
    During the general elections, I was on a panel with Clyde, where he told the audience that our plan was ‘voodoo economics’. So, we provided our anti-corruption, quality management, low-tax economic growth plan to individual economists and accountants, and received a very favourable report. (Unquote).
    ++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++

    Of course that ‘SB one-man designed’ plan was based on voodoo economics!

    How else did you want Clyde to describe it?

    As black magic à la GP Jr?

    Why are you afraid to name the ‘professional(s)’ who were willing to back your plan if only in the dark?

    Is this the same GP junior who wants to spy into people’s private lives but cannot disclose the ‘professionals’ who have applied ISO 9001-compliant rigorous analyses to his Grand Design of economic growth for little forex-dependent Barbados to put the Marshall plan to shame?

    BTW, why are you singling out “Clyde” as the ‘only’ advisor to the current BLP administration opposed to you?

    Is there some lingering grouse between school buddies?

    Why not discuss the same plan -in light of the imposition of further austerity measures- with other economic advisors feeding from the taxpayers’ sore and emaciated nipples?

    How about using your persuasively influential communications skills to win the ears of those closer to the top?

    Why not discuss your ‘update’ plan with Prof. Persuad and his sidekick Straughn who clearly have more clout now in the management of fiscal affairs than the election-useful yard-boy?

    They might even be so impressed that they could whisper in the ear of Dr. Greenidge the IMF local watchdog who might even invite you to have dinner with him at the Hyatt Lighthouse.

    Like

  • Some would be faster than others putting it together, but all will eventully arrive at the same conclusion, it is IMPERATIVE that you WATCH YOUR BLACK SELLOUTS very, very, closely, do not give them any breathing room.

    Liked by 1 person

  • Every week our ISO-Taliban provides the population with a new reason to continue to vote for the ruling state party. Thank you, GP 2.0!

    All ISO plans will fail as long as the population cannot even distinguish net and gross or plus and minus, not to mention decimals.

    Like

  • Every week the same ole same ole
    All knows that govt never provided a growth plan
    Now out of all the long talk by govt of No More Taxes is a bucket list of more taxes and fees like overgrown bush which will cut people people backside
    Mascoll now finds himself sounding like a Quack Doctor of economics telling the people the answer lies in taxes
    While Mia tells all that growth would be back she said wait and see soon u will count the investors one by one
    BTW this is feb the month when the ghost of Hyatt was to arise from the Ashes

    Like

  • A VERY GOOD ARTICLE SOCIALISM DOES NOT WORK SOCIALISM IS THE REPRESSION OF PEOPLES ASPIRATIONS BY THE TAKING AWAY THE MEANS OF THEIR ATTAINMENT. Freedom [Free Market Enterprise] unlocks the human Potential, allow men to Dream and Strive to Attain their Aspirations. Socialism is about Control and Freedom is about Freedom and Generating Wealth and Prosperity.

    ASK YOURSELF THIS, IF WHERE THE LORD SPIRIT IS THERE IS LIBERTY AND FREEDOM WHERE DOES THE SPIRIT OF SOCIALISM AND REPRESSION COME FROM?

    SOCIALIST POLICIES AND PRACTICES …

    The more Force it Initiates Against People, the more it Subordinates the Choices of the Ruled to the Whims of their Rulers that is, the More Socialist it becomes.

    The Core of Socialism in the Central Characteristic is the Concentration of power to forcibly achieve one or more (or usually all) of these purposes: Central Planning of the Economy, Government Ownership of Property, and the Redistribution of Wealth. What makes Socialism Socialism is the fact that you Can’t Opt Out, Government, whether big or small, is the Only Entity in Society that Possesses a Legal Monopoly Over the Use of Force.

    A Reader may Object to this Description by Insisting that to “Socialize” something is to simply “Share” it and “Help People” in the process, but that’s baby talk. It’s How You Do it that Defines the System. Do it through the use of Force, and its Socialism. Do it through Persuasion, Free Will, and respect for Property Rights, and it’s something else entirely.

    Like

  • Mariposa,

    How could the government present a growth plan when the population does not want growth at all?

    Look around you, in all those offices with all those sleeping Barbadians. People want a life free of strain. The fat public officers in customer service almost fall off their chairs because they are constantly asleep. Productivity is lagging behind, that’s normal.

    When people scream for growth, they have to work harder. What about increasing the weekly working hours from de facto 20 hours to 45 hours, for example? This is standard in rich countries like Switzerland and Singapore, but the masses in Barbados call this in their incredible arrogance “slavery”.

    Like

  • Perhaps the government should borrow from Sincklers several medium term plans instead of reinventing the wheel.

    Like

  • Tron
    U said that the civil servants are lazy
    So then why would u advocate more working hours to a lazy sector
    How about placing some blame on the lazy private sector that have for years sucked off the nipples of govt and has little or nothing to show …for therein lies the lack of productivity and an unjustifiable effort on their part to create financial wealth amongst themselves out of govt handouts
    Were not them the beneficiaries of tax waivers and cuts

    Like

  • David
    What wheel has govt reinvent
    From what i have seen so far the govt has pursued a path of more borrowing which creates debt

    Well holy Cow

    Like

  • ” The Queen Elizabeth Hospital (QEH) is in line for a $30 million loan ” $30 million loan loan loan.

    $30 million loan has to be repaid.

    Like

  • We need the BU economists to help us understand the complexities of the current economy of Barbados.

    We all know that the DLP created the economic problems during their last terms in office .

    How much more pain and suffering can Bajans expect now that the BLP is large and in charge.

    I read that Trudeau will be in Barbados. Wunna could beg fuh some help ( sorry i mean “investments”.)

    Liked by 1 person

  • RE Tron February 11, 2020 9:56 AM “Mariposa, How could the government present a growth plan when the population does not want growth at all?”

    WE WERE CREATED TO BE FREE… THE OPPOSITE IS BONDAGE AND TYRANNY!!…

    Where People are Failing is that they are Refusing to Connect the Dots that the Ideology of Socialism is the Counterfeit to the Lords Commandments. It is the Opposite of the Lord’s Plan of Happiness and Prosperity!

    The Adversary’s Ideology from the Beginning of time has Morphed through the Centuries and in more recent times comes under the Guise of Communism, Marxism. Nazism, Socialism, Leftism, and Even Radical Islamism…Names only changes to suite the times, it all stems from the same Tree and Root System…

    Socialism pretending to be Charitable is “A Godless Conspiracy”, with the Intent to take Away Man’s Agency and Sovereign Rights Bequeathed to him by God at birth.

    Socialism when it has run its course in Every Nation Does Not End Well, it Cannot, it Brings as its Fruit… Misery, Poverty, Violence, Extermination, Breakdown In Law And Order, and Disregard for Human Life etc. As in Venezuela, Germany as in Hitler’s National Socialist Party 10 Million Dead, Russia 30 Million Dead, China between 50 -70 Million Dead, Cambodia one in Four Persons killed …North Korea a Slave State!

    BAJAN’S ARE ON A VERY SLIPPERY SLOPE NEXT STOP VENEZUELA!… ARE YOU INSURED?

    Freedom Crier Stood in Solidarity with Venezuelans in Barbados on Feb 22, 2019

    https://photos.google.com/photo/AF1QipOO_5kRVNuEzs5_e1Hw8T2kR6uoX6VOtZZXKYG0

    Like

  • @Hants
    JT blew the budget in Africa, looking for UN security council votes.
    When I left Bim in the 70’s, the mantra was “tings en good hear, times tuff”. It was the same in the 80’s, 90’s, in 2000 and up til today. Yet dem got nuff more cars pun de road, nuff fancy parties dat dey en had back den, people travelling nuff more, and educating more offshore than ever before. Listen to the bark den watch de bite?

    Liked by 2 people

  • RE Grenville Phillips “Mercifully, they left me with just enough that I could still pay off the mortgage, and start playing shots this year. But that was too much voodoo for Clyde. So, they decided not to release all my money until 2033. They have now entered the comedy phase of their routine – telling us to ‘play shots’. With what Clyde, with what?”

    How do you think that Socialist Governments can get money to be Socialist, they First must Take from those that Work and Produce by their Ingenuity and promise it to those who Do Not Work hard and who Do Not Employ their Ingenuity.

    Socialism Promises Everything, Free Healthcare, Free Housing, Free Food, Security, nowadays there is talk of Guaranteed Income…going along, Free Primary Education, Free Secondary Education, Free University Education and Jobs. What no one ever tell you is that the Working Man has to Pay for ALL of it, the Government does not Earn any Income, they take it from others, Support themselves and then they give back very little of what was yours in the first place.

    Can you Refuse to pay National Insurance, or Duties, or Vat or the National Social Responsibility Tax (NRS Levy) or the Taxes on Gasoline, or the Taxes on Electricity and All the other Endless Taxes including your House and Land Tax with NO End in Sight?

    GOVERNMENT DOES NOT WORK FOR YOU…YOU EXIST TO WORK FOR THEM!!

    Government is supposed to represent and protect the people not Leech off them”! They are supposed to be the People’s Representatives however they have made themselves the people’s Masters and thus the people have become Serfs! We Exist to Feed their Edicts!!

    INTERESTING MEME BELOW WHAT PEOPLE THINK SOCIALISM IS COMPARED TO EVIL CAPITALISM…

    THE REALITY!!!

    Like

  • @ Mariposa February 11, 2020 10:19 AM

    Instead of always crawling up the a** of your beloved civil servants, you should think about the economically raped taxpayers.

    Like

  • RE…Grenville Pillips… “Last year I reached 55 years – but it was too late for me. The clown car had rolled up the year before, and Clyde and company tumbled out – and started performing tricks. They did what I was warning that Sinckler would do – but wisely chose not to. They confiscated much of my retirement savings, and passed a lunatic law to make that theft legal.”

    WHAT IS THE PURPOSE OF LAW?

    The Law, a work written by the French political philosopher and economist Frederic Bastiat in 1850, investigates WHAT HAPPENS IN A SOCIETY WHEN THE LAW BECOMES A WEAPON USED BY THOSE IN POWER TO CONTROL AND ENSLAVE THE POPULATION?

    Laws should be set to Prevent certain actions which Harm Individuals and their Property. It should not be used to Compel or Force people to act in a certain way.

    Since individuals are not allowed to force individuals to behave in certain ways, groups of individuals (governments, organizations, corporations) also should not be allowed by law to force individuals to act in certain ways.

    “Since no Individual acting separately can lawfully use Force to Destroy the Rights of others, does it not Logically follow that the same Principle also applies to the Common Force that is nothing more than the Organized Combination of the Individual Forces?” (The Law, Frederick Bastiat)

    Like

  • ArtaxFebruary 11, 2020 5:43 AM

    “So, we provided our anti-corruption, quality management, low-tax economic growth plan to individual economists and accountants, and received a very favourable report. The independent expert confirmed that we could achieve $1B in surplus during our first year, without borrowing, laying off a single public worker, or reducing salaries.”

    @ Mr. Phillips II

    I must commend you on writing what is, in my opinion a relatively good article, which was simple and to the point.

    However, for the past four years or so, you have been saying, from the several “individual economists and accountants” that reviewed Solutions Barbados’ economic policies, it was only ONE accountant that essentially gave them a “thumbs up.”

    It would have been a good idea if you had included a copy of the report to reinforce some of the points you made in your article. Unfortunately, repeated calls by BU contributors, asking you to present that report to this forum for their perusal, have continued to “fall on deaf ears.”

    Would you mind sharing with BU, what difficulties are you experiencing that’s preventing you from sharing the information?
    +++++++++++++++++++++++++++++++++++++++++

    Very politely put but beneath the surface it says the same thing we have been saying for a while now and highlights what is wrong with his submissions.

    Like

  • Hi David:

    I have repeatedly stated why we could not reveal the name of the person who did the review. However, we provided sufficient information for verification purposes. I will do so again.

    I was on Brass Tacks with Lynette Eastmond and Ryan Straughn before the general election of 2018. Sanka Price was the moderator. I publicly explained that I had formally asked the Institute of Chartered Accountants of Barbados (ICAB), the Barbados Economic Society (BES), the Barbados Bankers Association (BBA), and the Barbados Chamber of Commerce and Industry (BCCI) to review our plan and give the public their opinion.

    The BCCI responded by passing a regulation that only members of Parliament could speak to their members about the national economy. However, they have since allowed many non-MPs to do just that.

    ICAB promised that they would, but former BLP Minister, Reginald Farley, was the executive director, and I was not allowed to make a presentation – although I was promised that I could. BES and BBA made similar promises.

    On Brass Tacks, I asked ICAB and the BES to review our economic plan. Lynette offered to submit the UPP’s economic plan to these organisations for similar scrutiny. Ryan Straughn stated that he will not be offering the BLP’s plan since it does not need any scrutiny from anybody. I accused him of having a plan of only going to the IMF.

    That Sunday, the Sunday Sun’s editorial called on ICAB and the BES to review all parties’ economic plans. They still would not.

    I had contacted several economists and accountants asking them to review our plan and present their opinion to the public. Not one gave us an unfavorable report. There was one, a member of ICAB to the highest grade of Fellow, who agreed to make his report public.

    I contacted Starcom and did a press statement to prepare the public for this event. That night, Kerry Simmonds savagely attacked my family on the political platform. I got a call from the reviewer who noted that his wife asked him not to do that to her. I later talked to the wife, but to no avail. I cannot blame him. You can see how the resident bullies on BU are allowed to behave.

    I was able to get this concession. The President of ICAB agreed to interview the reviewer to confirm the favourable report. The President also agreed that anyone could contact him for verification. However, he would not be a Solutions Barbados spokesman, and would not reveal the identity of his member. I would have preferred more, but that was better than nothing.

    There is no civility on a political platform. Politics is truly a dirty gutter blood sport for some. As you are well aware from moderating this site, there is no civility from the BU resident bullies either. If the standard remains in the gutter, where we cannot discuss an issue without trying to damage someone’s personal or professional reputation, then nothing will change. The proverbial ball is now in your court.

    Liked by 2 people

  • RE Tron February 11, 2020 12:02 PM “@ Mariposa February 11, 2020 10:19 AM
    Instead of always crawling up the a** of your beloved civil servants, you should think about the economically raped taxpayers.”

    ALL THE EVILS, ABUSES, AND INIQUITIES, POPULARLY ASCRIBED TO BUSINESSMEN AND TO CAPITALISM, WERE NOT CAUSED BY AN UNREGULATED ECONOMY OR BY A FREE MARKET, BUT BY GOVERNMENT INTERVENTION INTO THE ECONOMY.

    Like

  • @Grenville

    You know what they say, if you cannot stand the heat you must consider leaving the kitchen. Some say politics is a blood sport with good reason.

    Like

  • Blog Master What would GP11 say if he knew you with withholding Freedoms Support of his Contribution…Are my Reasoning’s too much Heat BM?

    Freedom Crier February 11, 2020 9:32 AM
    Freedom Crier February 11, 2020 11:02 AM
    Freedom Crier February 11, 2020 11:23 AM
    Freedom Crier February 11, 2020 12:08 PM
    Freedom Crier February 11, 2020 12:34 PM

    Like

  • @Tron February 11, 2020 9:56 AM. “What about increasing the weekly working hours from de facto 20 hours to 45 hours, for example? ”

    Why do you think that 45 hours per week is real work? 45 hours a week is NOTHING. Do you think those of us who raise the work force work 45 hours per week? No, no, no. We work far more than 45 hours per week. We get up at 5 or before, do a couple of hours of childcare, elder care, doking and housework, then we do 8 hours or more on the paid job, then we do do to 4 more hours at home, supervising homework, cooking, cleaning etc.And that is only Monday to Friday. On Saturdays and Sundays we do significantly more.

    We do a minimum of 65 hours per week for decades at a time.

    if you have spent your life doing 45 hours per week, that it cannot be refuted that you are a lazy bum, and need to do at least 20 more hours per week in order to catch up with the real workers in Barbados.

    So I sentence you to 20 MORE hours of REAL WORK per week for the rest of your lazy good for nothing life. In addition our beloved Prime Minister should fire you, you bum.

    Liked by 1 person

  • Vincent Codrington

    @ David Bu

    Are you suggesting tp Grenville II that he leaves Politics and cease commenting of matters of public interests?

    Like

  • There he goes again with his resident bully talk. Has anyone here attacked his wife or family? All we are saying is that Grenville writes crap, sometimes lies and refuses to present his solutions. And that he has a problem with criticism. This makes him unsuitable for the office he seeks. And I stand by what I said. More and more people are starting to see it.

    If he can’t take the heat he really should get out of the kitchen.

    Silly little boy with a big bag of excuses!

    Steupse!

    Like

  • @Vincent

    He is free to comment, it is his right however if he has a party to promote he will have to satisfy public expectation and perception of a politician.

    Liked by 1 person

  • The man comes across as weak and helpless. Not a good look for someone wanting to lead this country.

    They ignore his proposals and what does he do, put them in an envelope and put them under his bed and sulk. You think Eric Fly would have done that?

    Never was there a time as right for an alternative and what do we get? Weekly whining and complaining about how hard it is for GPII.

    The Ministry of Finance hinting of more taxes and BRA threatening to sell people’s property. Spare a thought for the suffering masses man.

    Liked by 1 person

  • “All we are saying is that Grenville writes crap, sometimes lies and refuses to present his solutions. And that he has a problem with criticism. This makes him unsuitable for the office he seeks”

    @Donna name a politician who does not have all of the flaws you listed. They are just good at hiding it.
    I’ve been critical of Grenville, but to hold him to a standard no other politician is held to is disingenuous and unfair.

    I am inclined to believe either you have some personal bias or are incredibly naive.

    Liked by 2 people

  • peterlawrencethompson

    @Grenville
    You appear to have blocked me from responding to or commenting on Solutions Barbados posts on Facebook, so I will ask my question here.

    I do not need to know the name of the ICAB Fellow who agreed to make his report public; I am simply asking that you publish the report in its entirety, including all the detailed numerical calculations, for me and any other member of the interested public to learn from.

    Please.

    Liked by 1 person

  • @Grenville Phillips “If you had a responsible employer, then you likely have a retirement savings plan with an insurance company, or a bank. When you reach 55 years of age, the retirement funds must be paid to you.”

    i wonder what percentage of workers in Barbados have “reasonable” employers? I wonder what % workers in Barbados have pension plans? I wonder what % of Bajans over the age of 65 have anything other than their national Insurance pensions?

    Before we talk about steak, I think that we need to talk about bread and butter issues, or maybe I should call them saltfish and breadfruit issues.

    I would bet my first born son that most Bajans can’t put their towards their mortgage at age 55 because no such fund exists.

    My own former employer was not entirely unreasonable, yet decades ago I had to WORK with others in the company to negotiate a defined benefit pension plan for our employee group. It was NOT offered to us on a silver platter, even though the employer was widely regarded as Mr. Deep Pockets.

    In any event i did not put my funds towards my mortgage, as my family [perhaps unfortunately] has a long life expectancy, so I took the 25% that one is permitted to take without negative tax consequences, and I take the balance as a monthly pension to supplement the little NIS berry. Works for me so far.

    Like

  • After the general elections, Prime Minister Mottley, to her credit, acknowledged that the BLP did not have all the answers, and instructed her party that all ideas must contend. But Clyde would not. The BERT leadership publicly admitted that they never looked at our economic growth plan, and dismissively noted that they would never look at it.
    ++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++

    Seriously. Are you suggesting that MAM is as weak as you, or are you demonstrating your inability to get pass ordinary gatekeepers, doormen and bouncers?

    Like

  • @ Donna February 11, 2020 12:59 PM

    Donna for Prime Minister! What a true contribution. I couldn’t have written it better 🙂

    If the opposition is fighting each other here, the voters should stick to the established: our government of wisdom and progress.

    Like

  • @”Donna February 11, 2020 12:59 PM”

    Donna. You very cruel today man. This is not like you.

    Like

  • @ David BU

    I haven’t read any contribution to BU on this issue, in which Mr. Phillips II was ASKED to REVEAL the IDENTITY of the “member of ICAB to the highest grade of Fellow.”

    Instead, contributors have been requesting of him to present the report for their perusal, which, for example, could be posted to this forum in PDF format.

    As such, his historical review of what occurred during the election campaign, who said what or who lambasted whom on the political platform and other events he mentioned in his February 11, 2020 12:27 PM contribution, are IRRELEVANT.

    If Mr. Phillips II believes the traditional media did not give him a proper opportunity to explain his economic policies, then he could use BU. After all, he is given an opportunity post at least two articles to this forum each week.

    Liked by 1 person

  • Sagicor cutting employees
    Speaking of growth barbados needs growth and real quick
    Nothing can grow in a stagnated economy fueled by borrowing and high taxation
    The PM is high above her neck in water
    Mashing up and breking up buildings not gonna help
    Neither building playgrounds which would look like Queens Park in less than a year ghostly

    Liked by 1 person

  • Redguard February 11, 2020 1:15 PM…”I am inclined to believe either you have some personal bias or are incredibly naive.”

    A NARCISSIST IS DISRESPECTFUL, INSENSITIVE, CONTROLLING, A BULLY, much like the “Declared Cyber Bully and Proud of it MADdonna” and other Narcissist Ilk who Disregards others Feelings and Accomplishments, Minimizes and Trivialises, Rages throw Tantrums, is NEVER ACCOUNTABLE, WHO IS A HYPOCRITE, who projects on you.

    A Narcissist who Exploits others because of their Bias, is Arrogant or Condescending, Acts Superior, uses Demands, Commands and Orders, Does Not Listen, IS A KNOW IT ALL, and can have a charming exterior personality until he or she is enraged or things don’t go his or her way. IT BOILS DOWN TO A WEAK IMMATURE BULLY, NEEDING CONTROL, WITH A SENSE OF ENTITLEMENT AND A FALSE SENSE OF POWER.

    February 11, 2020 1:26 PM @”Donna February 11, 2020 12:59 PM” Donna. You very cruel today man. This is not like you.”

    You my Dear Silly Woman fill the latter comment of Redguard final statement…”incredibly naive”, but somehow Freedom Believes that is s Tongue in Cheek statement from you because all on here knows how Cruel a Character that one is!

    Like

  • Vincent Codrington

    @ Simple Simon

    You made a wise financial decision with the split between the gratuity and pension. I wish the younger cohorts will do the same. You are unlikely to starve. Let us hope that a sustainable strategy be in the cards for the NIB going forward and that the MOF reduces its influence on the its financial management.

    Like

  • BAJAN’S BEWARE… MAKE YOURSELVES SHEEP AND THE WOLVES WILL EAT YOU!

    You can see from what GP2 says that the process is corrupt and has been made so institutionally and it is systemic leading to the dictated preferred outcome by the powers that want it so. Stifling debate by saying we who are in charge know best so shut up and follow what we say.

    The frog in a pot with the water getting hot stays in the water until he is cooked. We are all being cooked and refusing to jump out of the water. Do you want to be cooked? Do you want to suffer the corruptness that is here and will only get worse? GP2 is only showing you that the peoples best interest is not considered but a desired outcome by the top people is all that matters. You would do well to heed GP2 warnings.

    AT LEAST GP11 IS TRYING TO DO SOMETHING WHILE THE MAJORITY HERE JUST WARM UP IN THE BU COMPLAINING SOUP WHILE BEING COOKED ALIVE BY THE SO CALLED POWERS THAT BE!!


    Like

  • @ next party 246

    May I humbly suggest that you pubish the top 10 plan you had in 2018 for economic growth in the form of bullet points only, so that we can discuss them based on fact and not fiction.

    I for one would welcome this as we need to come up urgently with a growth plan as a country and I don’t care who it comes from once it works.

    Now as for $1 billion in increased activity in the first 12 months that would mean a 25% increase on a 4 billion dollar economy currently in recession. Personally I think that is an overly ambitious statement.

    Like

  • fortyacresandamule

    I am very old school. I shun debt. I build my house one brick at a time. I spent most of my working professional career has a renter by choice. The few second hand cars I ever owned was paid for with cash. What I bought on credit card, I pay in full at the end of the billing cycle. No oustanding balance. I live a very life simple surrounded by all this modernity. I hate city life. I love the peace, serenity, and simplicity of rural life. Big houses, expensive cars and all the other material crap don’t impress me. I had this mindset from around age 15. I purposely lived a very calculated life so far.

    Liked by 1 person

  • Surplus !

    Like

  • What is happening with Barbadians is because of fewer Opportunities that stems from the Fact of Government Overreach? Big Governments are always very inefficient and because of pandering to the people and corruption we are in the position now where 2/3’s of Government revenue is paid to Service Debt. Imagine 2/3’s. Lots of people believe they’ll be getting free stuff. However a few people actually ARE getting free stuff, at the expense of others. Do you understand what happens when a nation defaults on its loans? NEVER HAS A SOCIETY PROSPERED FROM TAKING FROM SOMEONE ELSE BY FORCE VIA UNCONTROLLED TAXATION.

    From my Simple observation, how does the BLP & the DLP differ in their Ideology??? A Vote for B is a Vote for D…

    THE GOAL OF THE IMF AND FIRST ORDER OF BUSINESS IS THAT WE REPAY OUR DEBT BY MAKING FOREIGN EXCHANGE SO EXPENSIVE WE WILL ALL HAVE TO DO WITHOUT SO THAT THE FOREIGN EXCHANGE WE EARN GOES TO REPAY DEBT. WHEN THE IMF HAS RENDERED US POVERTY STRICKEN AFTER WE HAVE REPAID EVERYONE, WE THEN ARE LEFT ALONE TO MESS UP IF WE HAVE THE SAME TYPE OF LEADERSHIP WITH THE SAME IDEOLOGY.

    I am very concerned that unless we practice Free Market Principles with less Burdensome Rules, Regulations and Controls, the Reaper lies at the Gate!!

    THE BEST FORM OF ECONOMIC GROWTH…

    Society always prospers when the Entrepreneurial Spirit of each individual creates wealth. Collectivism, on the other hand is a scourge on humanity while Individualism is a boon to all humanity. We should always promote individual responsibility, virtue and respect for others and to beware of Envy (It breeds all manner of discontent).

    Free Enterprise (Capitalism) leaves each individual free to think, work, and make as much money as he is willing and able to earn. No other social system on earth does this. In a capitalist society, if a poor person wants to work his way out of poverty—as countless poor people have done—he is fully free to do so. Of course, if he doesn’t want to, he doesn’t have to; the choice is his to make, and no one can force him one way or the other….

    Economic Entrepreneurs are a Boon to society; Political Entrepreneurs are Another Animal Entirely….

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  • GP2/SB

    Did you also have a pay back debt plan ? Especially the foreign debt as we had all but ran out of FX by the last election?

    Also because “clyde” did not look at your plan in the last two years don’t mean that it cannot be look at now government finances has stabilized or in the future.

    I agree with those that are asking you to post it on BU, its no use hiding it under the bed

    Like

  • Vincent Codrington

    What is this obsession with Grenvilles II Economic Plan.? He is not the GoB. Elections have not been called. What useful purpose will this exposure serve? We have plans in all sectors of the private and public sectors many of which will not see the light of day.
    In any case with a changing environment, especially in the last two years, the assumptions on which it was based may no longer be relevant. It is time to move on. It is quite obvious to me that Grenville II has no intentions to expose his plan to further criticism.

    Like

  • @Vincent

    There is no obsession, it is a credibility issue because Grenville makes the plan central to many positions he/SB takes on the economic issues.

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  • Dear All:

    Our plan has been published on our web-site for the past 4 years. It is still there.

    The numerical analysis was shared with accountants and economists, for them to give an opinion. Our numbers were confirmed.

    I have learnt that sharing numerical analysis with extreme partisan supporters is a complete waste of time. They confidently argue that 1+1 = 8.345 and will never back down, despite doing violence to arithmetic. I tried reasoning with such persons 4 years ago, and learnt that the hard way. When people are so blinded by political loyalty, they just will not add correctly.

    If anyone can convince a member of ICAB or the BES to review our plan, then we will happily share it with them, so that they can give an honest opinion in accordance with their code of ethics.

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  • Is anybody demanding to see a growth plan from the government?

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  • @ William

    We tired asking!

    Like

  • Vincent Codrington

    @ William Skinner at 5:13 PM

    NO!
    But they are demanding one from Grenville II and see nothing wrong with that imposition.

    Like

  • @ William.

    Since the birth of BERT we been asking for the MOF based on its content, to explain where was the growth plan. As the word RECOVERY would imply to an independent thinker that growth would have to be a part of it. Mind you they did not call it BEST as that would imply a stop in the deterioration of the economy but no growth. They spoke to a BERT plan which requires growth.

    We were told all kind of tra la la like ” we shall continue to maintain our austerity program while pursing growth,” which is like saying today will be flooding hence a good day for the beach.

    So yes anyone from any party or individual who has a growth plan I for one would love to read it.

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  • @ William.

    To be clear BEST would of meant it was a STABILISATION plan to stop economics decline however net of any growth. That I could understand based on its content would have been an accurate acumen.

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  • RE They confidently argue that 1+1 = 8.345 and will never back down, despite doing violence to arithmetic.
    JUST LIKE HOW YOU PERSISTENTLY AND PERENNIALLY WRONGLY DIVIDE THE WORD OF TRUTH, DESPITE DOING VIOLENCE TO THE WORD OF GOD

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  • @VC
    “NO!
    But they are demanding one from Grenville II and see nothing wrong with that imposition.”

    And that is what amazes me. As far as I am concerned GP2 is an ordinary citizen who plans to run in the next election. During campaign/election season we should demand and expect more of him. We should hold his feet to the fire.

    But at this time, I fell he owes me no more than I owe him…..

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  • Some of you want the cake and to eat it too. We yearn to see the growth of the third party movement of which SB is part, therefore the public has the right to ask questions to be satisfied third parties are worthy to be considered a good option when an el3ction is called. Stop being hypocritical. We have to be consistent in our debates.

    Like

  • RedguardFebruary 11, 2020 1:15 PM

    “All we are saying is that Grenville writes crap, sometimes lies and refuses to present his solutions. And that he has a problem with criticism. This makes him unsuitable for the office he seeks”

    @Donna name a politician who does not have all of the flaws you listed. They are just good at hiding it.
    I’ve been critical of Grenville, but to hold him to a standard no other politician is held to is disingenuous and unfair.

    I am inclined to believe either you have some personal bias or are incredibly naive.

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

    It seems to have escaped you that we are searching for something and someone different and better than the Duopoly we now have.

    We already know the “pigs” we have. They have nibbled at us, sometimes taking big chunks and causing us great pain but they have not devoured us yet.

    We are not looking to buy a new pig in a poke who may devour us entirely.

    If Grenville wants to distinguish himself from the pack he will have to demonstrate that he is different.

    Even so, if Mia or Verla came to BU I would ask them the same questions and offer the same criticism. But they do not present here and interact with us, do they?

    And how anyone could say that we don’t demand these things from the Duopoly is beyond me. What is it that we have been doing on BU from its inception?????? The only difference is that we are speaking at them and not directly to them!

    Such illogical posts really do astound me! I NEVER could stand lack of logic.

    PS. Silly Woman, I noticed you have been a little more acid lately too. But my explanation is that I can’t stand bullshit every blasted week and whiny little boys who want us to give him a free pass. He wants to be in the battle but he is afraid of battle wounds. He leads a party of people who he says are also afraid of battle wounds. Who wants a soldier who runs away screaming at the sound of gunfire?????

    Get serious!

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  • @ David.

    I agree with you that we should ask ALL who want our vote to lay out their economic growth plan. The reason this becomes more critical by the day, is that as we slip further down based on inflation, the harder recovery will be and the more our plan will require more aggression to achieve it.

    We need however to give all of them a fair hearing and not show prejudice to any.

    Like

  • David:

    I normally answer whatever questions that are asked of me. But I have no intention of wasting time with extreme partisan supporters. I spent one year trying to discuss simple arithmetic with those who did nothing but claim the equivalent of 1+1=8.362. I do not have that time to waste anymore.

    If someone asked my to review some structural engineering calculations, then I would not damage my professional career, and say that they were flawed for political purposes. I do not expect professional accountants or economists would do so either. So you are free to find one or any number whom you trust and let them review it and give you their results.

    I remember asking those who asked us to make our numbers public why they did not ask the same of the BLP or DLP. Their answer was that they had governed Barbados before and knew what to expect. So I asked why they did not ask any of the other 7 ‘third’ parties for theirs. There was no answer, just the typical name calling.

    Liked by 1 person

  • Did we know before hand that the government was going into an agreement with White Oaks?

    Liked by 1 person

  • Where are Atherley and Caswell’s plans? Where are other third parties plans?

    Can we be certain that those who do not have questions are not pursuing a hidden agenda?

    I see a concentrated attempt to keep Grenville out of the starting blocks for 2023. Here they are attempting or to have him jump the gun so that they can disqualify him.

    For an election in 2023, why must Grenville roll out plans in 2019/2020.

    Does anyone know Mia’s plans for 2023? Do you like how her 2018 plans are working out?

    Liked by 1 person

  • Can we be certain that those who have questions are not pursuing a hidden agenda?

    Liked by 1 person

  • Steupse! Atherley does not come here. Caswell is not the leader of any party.

    I see you too have a problem with context.

    Every day we come here and criticise Mia. Mia has indeed given a broad outline of where she wants to go for the next few years. We criticise it. Daily.

    Grenville comes here and presents himself to us. We will ask him what we will. He wants our vote. We do not want his. Are you registered to vote here?

    And just to inform you I don’t give a rat’s ass if you think I have a hidden agenda. My agenda is to come here and comment on what I see presented. if it is crap I will so call it.

    Seems like you had nothing to say and just felt the need to say something.

    Like

  • What party do i support? I criticised the DLP for whom I voted for all my voting life.. I then helped to vote their asses out and voted for the BLP. I have since criticised the BLP.

    I have been called a DLP supporter, a BLP supporter and now what? Am I supporting the PDP? Now why would i do that? I do not trust their leader who so crossed the floor after the election thereby collecting substantial remuneration.

    What party am I supporting, you numbskulls???

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  • What other parties? I don’t even know who they are. Are they still in the race? They do not present here. If they ever come I will ask them the same questions.

    Context. You people do not seem to understand it at all, at all.

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  • From the Solutions Barbados website:

    https://solutionsbarbados.com/frequently-asked-questions/

    How do you plan to address the national debt?

    Barbados needs an improved economy so that all Barbadians have the opportunity to thrive, so that we can afford to maintain our social services and infrastructure, and repay the national debt. We cannot afford to pay the salaries of teachers, police, nurses etc, or the supplies to the QEH and other government departments, or NIS benefits with a weak economy.

    As a country, we are heavily in debt. We are in so much debt that those who are currently working can never pay it off at the current rate of spending. It will be left for our primary school age children and grand-children to pay our debts. Getting our children into debt was intentional. It is an economic instrument called debt financing which was only designed to be used for a short period. But it has become permanent because both political parties lacked the discipline to avoid abusing it.

    One of our Prime Ministers tried to justify burdening our children with our debts by explaining that since our children would benefit from the roads, that they should have to pay for them. That type of irresponsible thinking partly got us in this economic mess.

    We did not ask for this debt. We simply wanted our political leaders to manage the economy properly by not overspending. They could not do even that. Their current strategy appears to be to keep the national debt alive for our children and grandchildren to pay. How irresponsible is that?

    The interest on the debt is paid by increasing taxes on Barbadians and Barbadian-based businesses. This means that Barbadian people have less money to spend, and Barbadian businesses must increase their prices. The result is that Barbadians on reduced incomes are forced to buy the less expensive non-Barbadian products.

    Our position is that it is irresponsible for the current voters to pass on national debts to the next generation of voters.

    On 21 April 2017, I attended a public meeting by the Barbados Private Sector Association and was disappointed by their austerity-based solutions to Barbados’ dire economic situation. The Government, private sector merchants, financial institutions and individual economists are warning us to brace for austerity. Eight years ago, austerity meant forcing most Barbadians to access their savings in order to survive. Today, it means to force our fellow Barbadians into poverty.

    On 1st July 2015, Solutions Barbados published a plan to bring Barbados back from the brink of economic ruin without the austerity promised by others. The plan is based on proven solutions. However, the DLP, and now the BLP administration continues to ignore this plan while stubbornly pursuing its austerity based IMF strategy.

    We shared our plan with anyone who will listen, including the BWU, NUPW and CTUSAB. It was also published in both print and on-line news media, and also on the radio. To-date, the responses have been overwhelmingly positive, because the plans are proven and workable. The published plan consists of 4 main steps – none of which require laying-off civil servants, reducing their wages, incurring additional Government spending, or begging other countries to lend us money.

    Step 1 is to increase Government’s local currency revenues to run the Government and pay local currency debts. This can be done by reducing taxes on personal and corporate revenues to 10% of gross revenues – with no deductions. This will make taxes easier to calculate, pay and audit. It is also fairer.

    Currently, businesses pay taxes on net-profits. Therefore, it is possible to run a successful business for decades without paying any corporate taxes. However, since the Government must obtain revenue, the taxes that such businesses currently legally avoid paying are extracted from the rest of us. Well, not under a Solutions Barbados administration.

    To facilitate the prompt payment of all taxes, all taxes previously owed to all Government departments will be forgiven and VAT will be abolished. Businesses are currently being forced to pay VAT when they issue an invoice, rather than when they receive payment. This is unfair, because businesses may not get their invoices paid until months later – or never. Taxing businesses before they receive payment is an insidious method of taxation that can both prevent businesses from growing, and reduce their competitiveness.

    The forgiveness of debts to Government should have happened as part of our 50th anniversary jubilee celebrations. However, only a few select persons benefitted financially from those celebrations. Therefore, everyone will start with a ‘clean slate’. In exchange, all new non-payment of taxes will attract a penalty of 10 times the value of the outstanding amount for those who blatantly refuse to pay. Those who refuse to pay taxes under a Solutions Barbados administration will be competing unfairly in our economy, and that will not be encouraged.

    Step 1 also includes increasing foreign currency revenues in order to pay for imports and foreign currency debts. This can be done by temporarily reducing taxes on all foreign currency earnings to zero.

    It should be noted that the 10% corporate tax rate on revenues only applies to companies competing in Barbados’ market. International Business companies will operate as they currently do, with taxes applied to their profits.

    Companies with relatively large profits (like some professional services), will likely pay the tax out of their profits, so that they can keep their fees competitive.

    Companies with large expenses and low profits, will likely increase the cost of their products by 10% in order to collect the tax, much like a sales tax. Therefore, they will maintain their marginal profits. They will likely maintain their market share since everyone will be taxed in the same manner and at the same rate.

    Companies with moderate profits will have the most flexibility. They can pay the tax from both their profit and by increasing the cost of their products. For example, they may pay 4% from their profit and increase the cost of their products by 6%. They can iteratively change these combinations in order to optimise the benefit to their business.

    The market will check greed. If a profitable business greedily increases all products by 10% and his competitor does not, then the market will punish him.

    Step 2 is to effectively address corruption by fining those who receive and pay bribes up to 10 times the value of the bribe, and rewarding the whistle-blower with the full value of the bribe.

    Step 3 is to increase productivity in both the public and private sectors, and reduce wastage and unnecessary costs in the public sector. This can be done by managing all public services to the international customer-focused ISO 9001 Quality Management System. Parts of the ISO 9001 system can be implemented across the entire public service within hours, to the benefit (and relief) of those who deliver and receive Government services – at no additional cost to Government.

    One low hanging wastage fruit is to stop public workers from paying income taxes. Currently, the private sector must pay additional taxes, which are then given to public sector workers, who then give it to the Government. The accounting bureaucracy and costs required to manage the taxation of an estimated 25,000 public workers can be avoided.

    Step 4 is to depoliticize the public service. In a Solutions Barbados administration, public workers will be selected and promoted on merit alone.

    Any of these steps taken by themselves will not pull Barbados back from the brink, because frustrated public services can frustrate the entire process. Therefore, they must all be taken together. We need an increase in local and foreign currency revenues, and a better managed and depoliticized public service. The Minister of Finance is strongly advised to examine our plan before we run out of viable options.

    Like

  • I am still searching the site but i still haven’t found anything about a costing fr Grenville’s plans.

    Maybe somebody else can help?

    https://solutionsbarbados.com/

    Like

  • It is not my intention to engage or interact with in anyway.
    I made some general observations .
    Have a great evening.

    Liked by 1 person

  • Silly Woman,

    Why are you doing Grenville’s work for him? That being said, we shall take a look at it.

    Like

  • To tax a company 10% on gross sales would basically close every company on the island.

    If you look at the financials of public companies published you will notice their profit runs between 2% to 4% of sales. So for a company to pay 10% of sales and maintain the same profit, they would have to increase their markups by a massive amount. Also taxing the 10% off the top as a final tax would completely destroy expansion plans involving equipment, as the ability to depreciate the asset will be gone. This point clearly has not been properly thought out as you are asking a company for example to take a $500,000 asset purchase and swallow it in a single year as an expense.

    Like

  • @Donna February 11, 2020 8:33 PM “Silly Woman, Why are you doing Grenville’s work for him? ”

    i’ve worked in the garden, looked after the grands, finished all of my housework. read the news both local and international, still have energy left.

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  • The independent expert confirmed that we could achieve $1B in surplus during our first year, without borrowing, laying off a single public worker, or reducing salaries.

    Mascoll was being charitable when he labeled the above Voodoo Economics rather than David Copperfield Economics. I can’t believe someone who wants to be taken seriously continues to argues he could have taken an almost bankrupt, debt laden country, which ran a large current accounts deficit for close to a decade, and magically earn a record surplus in one year.

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  • Anything is possible for a man who went from deadly bad cholesterol levels and flab to perfect cholesterol balance and ripped in three weeks. That was a David Copperfield workout and diet plan too.

    Grenville wants us to be more charitable as Mascoll. He wants us to believe because the “man of integrity” says so.

    Like

  • @ the Honourable Blogmaster

    your assistance please with an item here

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  • TheOgazertsFebruary 11, 2020 8:26 PM

    It is not my intention to engage or interact with in anyway.
    I made some general observations .

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

    In other words you were dropping remarks.

    You don’t really expect that to fly, do you?

    Steupse!

    Like

  • Interesting article in today’s Nation paper. A poll of 132 countries was carried out and it concluded that Barbados was the twelve most expensive country in the world to live in! Food for thought.

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  • Again

    This pan was made for the 2018 elections. The CS loan was due shortly after the election and if we had paid it on time we would have been “out” of FX.

    how would we have continue paying our external debt and imports unless we has defaulted one way or the other?

    in the possibility of someone/business being unable to or totally refuses to their !0% (tax, penalty or whatever) then what steps would be taken? close the busniess to recover the 10%? lock up the individual?

    Like

  • . M. LuderFebruary 11, 2020 1:20 PM

    After the general elections, Prime Minister Mottley, to her credit, acknowledged that the BLP did not have all the answers, and instructed her party that all ideas must contend. But Clyde would not. The BERT leadership publicly admitted that they never looked at our economic growth plan, and dismissively noted that they would never look at it.
    ++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++

    Seriously. Are you suggesting that MAM is as weak as you, or are you demonstrating your inability to get pass ordinary gatekeepers, doormen and bouncers?

    See his recent contribution entitled, “Pay the Ransom”.

    In it Grenville reveals that he could not even get a lowly customer service rep to reconnect his phone service, even though he was actually in credit. He could not do without his phone service and so was forced to “pay the ransom”. Even though he was in credit on his last bill.

    I, on the other hand, had mine reconnected immediately without paying any ransom. No way I was paying them money when they actually owed me!

    So no, Grenville cannot get past the gatekeepers. This man who would be prime minister cannot get a customer service rep to take him seriously. All he could do is come to BU and complain that he was held hostage and made to pay a ransom.

    Whine, whine whine.

    All the time.

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  • @ the Disinterested

    De ole man knows that this single matter has been said no less than 6 times here regarding the SILVER BULLET & NO SOLUTIONS PLAN

    But bear with me cause, as an octogenarian (behave wunna selves) de ole man need to develop me ideas slowly cause, if de ole man get up to quick, de head does get giddy!

    De grandson axe me to help a cousin to build one of dem assembled tables causing he wukking in de Bahamas now so he ent heah to help she.

    I gone to she apartment and de box dat the desk come in tear apart and everyting pun de floor AND SHE IN A STATE! talking bout how she been trying to put de table together for 2 hours!

    so i looking bout, and in de box, and she axe me whu i looking for and i tell she, “de instructions”.

    And she gone quiet and gone in de kitchen and bring back de instructions and de ole man sit down for a few minutes and look at dem den sort out A, B, C, D, E in de order dat de instructions was in and 35 minutes later, de table assembled AND SHE CALLING DE OLE MAN, de wisest man in de world!

    heheheheheheheh

    Granville Phillips aka Bedroom Policeman aka Iso Taliban aka Buy Wunna Caskets is asking we to give him, an untested obvious liar and megalomaniac A CHANCE in the House of Assembly!

    Dis is not like you buying salt bread of a light sweet, or vanilla or chocolate icecream!

    After Pornville we bajans starting to understand dat dis is not an effing game!

    Mek de wrong choice and we bajans getting bull till 2034!

    “Cuh dear give he a chance” WILL MEAN GETTING bull with Windmill Pepper sauce pun de doggi*

    Alll we the average citizen is asking Granville for IS THE INSTRUCTIONS and his Voodooo and Obeah plan.

    Remember, as Donna said here is a man who “…lies and refuses to present his solutions. whohe has a problem with criticism…”, possesses characteristics that “make him unsuitable for the office he seeks….”

    It would appear that after all the intellectual blows that wunna getting from this Clown every RH week that wunna is now PUNCH DRUNK!

    “…A term derived from boxing (campaigning) where a boxer (VOTER) gets hit by his opponent (WANABEE REPRESENTATIVE GRANVILLE) so many times that his disorientation is described as and similar to being drunk. punch-drunk or punch drunk…”

    It would appear like if some of us are impervious to Grenville’s punches and WILL KEEP SHOWING HIM TO BE a wuss who has no plan and always is referring to this NO SOLUTIONS option

    De ole man is committed to helping him contribute to the Barbados Treasury AND MEK HE LOSE HE DEPOSIT!

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  • Teaching the African descended their real history that they did not know existed, many others did not know either, a lot of real Black history is still being hidden by cousin Boris and his ilk.

    blob:https://www.facebook.com/b07c10d3-2cdb-4ae8-a9d2-649a785d34af

    Like

  • Proof beyond measure that the black slaveminded still exist and still presenting themselves as leaders too, this cannot be twisted into anything other than what it is, no matter how slaveminded the mental gymnastics. That is why the more intelligent among us are taking them to task for this and their nasty plans for Africa’s riches.

    The cousins in buckingham palace through their repulsive representatives at #10 Downing were all quite aware of the UN’s 30 Articles of Human Rights ratified in 1948, but that did not stop them from launching slaveship Windrush 6 months before, using the descendants of African slaves to rebuild UK after Hitler bombed them and continuing their slave ships from the Caribbean for decades after that, then had the nerve to use these same descendants to pay off slavemasters for their loss of Black human property, their ancestors, all the way up to 2015.

    You could not pay me to trust a black leader from the Caribbean, don’t want to see not one of those sell out negros,who are wll aware that all up to the 90s, African descendants could not create their own destiny, still considered human property by the savages in the palace, despite all the bullshit talk about independence and “crafters of our fate”…or some such useless shite….but open ya damn eyes and see clearly that with cousin Boris’ blatant disrespect, they still do not even acknowledge your existence unless it serves their greedy purpose…and they sure as hell don’t acknowledge it with regards to being entitled to any of Africa’s wealth as is your birthright, they still believe it all belongs to them and you are still their property…well they have to be RELIEVED OF THAT PSYCHO NOTION..

    .we don’t expect any help from the slaveminded or weak black sell out, greedy, tiefing leaders in that regard, but who needs them.

    You are welcome that we know what to do.

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  • Don’t mind Grenville, he saw the savage UK royals being taken to task on FB and the little negro jumped out to save the day for them, not realizing it is a family matter, despite the savage description..he will learn that ya can’t save family from family.

    Like

  • Apparently this one still thinks the awake were waiting for him to tell us how racist and useless the parasitic churches are in the lives of the African descended and always will be THEY ARE ALL LIARS AND FRAUDS…always have been …only the fast asleep and slaveminded still dont know…that is their comfort zone.

    Like

  • As a matter of fact they can apologize 400-1000 years worth, still would never go near them…too poisonous, cancerous and toxic.

    https://www.facebook.com/groups/sohee/permalink/2734477189978170/

    Like

  • peterlawrencethompson

    @TheoGazerts
    “For an election in 2023, why must Grenville roll out plans in 2019/2020“
    ++++++++++

    You will have to ask Grenville that question because it is he who rolled out this article; nobody forced him.

    I have studied the economic plan in great detail and spent many hours in dialog with Grenville about it. When he first wrote about it on BU I was among the first boy voices urging people to give it a chance and careful analysis before criticizing it.

    A key plank of the plan is the replacement of the corporate income tax with a 10% tax on a company’s sales. Another key plank is doing away with VAT.

    A tax on a company’s sales is a sales tax, no matter what fancy name you dream up for it “corporate revenue tax,” “flat tax of 10% of gross revenues,” etc. A tax on a company’s sales is a sales tax; and you know who will end up paying a sales tax. You will.

    Liked by 1 person

  • Ya nasty Caribbean negro governments DID BEFORE AND WILL AGAIN SELL YA INTO SLAVERY without thinking for one second….all they see is money for their pockets…it is all coming out little by little….COME OUT THINGS..

    https://m.facebook.com/groups/269202760462518?view=permalink&id=488102675239191

    Like

  • @Piece the Legend February 11, 2020 9:59 PM “De grandson axe me to help a cousin to build one of dem assembled tables causing he wukking in de Bahamas now so he ent heah to help she. I gone to she apartment and de box dat the desk come in tear apart and everyting pun de floor AND SHE IN A STATE! talking bout how she been trying to put de table together for 2 hours! so i looking bout, and in de box, and she axe me whu i looking for and i tell she, “de instructions”. And she gone quiet and gone in de kitchen and bring back de instructions and de ole man sit down for a few minutes and look at dem den sort out A, B, C, D, E in de order dat de instructions was in and 35 minutes later, de table assembled!”

    You shudda call me. I good at many things including assembling flat pack furniture.

    Liked by 1 person

  • Even today, those who work on farms in Canada and other places work under the most deplorable conditons…slave like…and not a peep from the rats in parliament demanding better for their people.

    Not unlike the 1905 colonial rats.

    Liked by 1 person

  • It is time for the opposition in Parliament to ask govt serious questions relating to Barbados economy
    Recently there were a flow of words coming from the mouth of Atherley insufficient and not enough to give good reason that Atherley voice is a voice of compassion for those who were suffering under the BERT program and that govt need to implement new policies which would remove the burdensome task of taxation off the shoulders of bajans
    Also a question which should be asked of govt
    How much annually would be the cost of maintaining the new park which govt have planned on building

    Liked by 1 person

  • @ John A February 11, 2020 8:42 PM
    “To tax a company 10% on gross sales would basically close every company on the island.
    If you look at the financials of public companies published you will notice their profit runs between 2% to 4% of sales. So for a company to pay 10% of sales and maintain the same profit, they would have to increase their markups by a massive amount. Also taxing the 10% off the top as a final tax would completely destroy expansion plans involving equipment, as the ability to depreciate the asset will be gone. This point clearly has not been properly thought out as you are asking a company for example to take a $500,000 asset purchase and swallow it in a single year as an expense.”
    ++++++++++++++++++++++++++++++++++++++++++++++++++++++++

    Such a proposal to completely transform the corporation tax system- which would effectively get rid of the Income Tax Act and tax accountants- can only come from the fertile imagination of a person closely connected to Don Quixote without the guidance of the level-headed sidekick Sancho Panza the Moor to keep the airhead tied to the ground of reality.

    GP No. 2 has already been challenged about the legality and practicality of implementing such a simplistic form of corporate taxation which, by whatever measure, is simply a SALES TAX as consistently pointed out by Peter Lawrence Thompson et al.

    The ‘idealistic financial expert’ pushing this pipedream of taxation has refused to state whether his proposed regime will apply to the international business sector and those involved in the ‘sale’ of financial services.

    Would it also apply to small businesses which have been incorporated for ‘strategic’ trading purposes but not generating sufficient net profits to justify the distribution of retained earnings in the form of dividends?

    Like

  • I have to agree with Donna.

    Could someone please explain to me how 2 or 3 contributors asking Grenville to post the accountant’s report to BU for their perusal, could provoked the ire of at least 2 or 3 contributors, to the extent that one described it as an “obsession” and another one interpreted it as “a concentrated attempt to keep Grenville out of the starting blocks for 2023,” and persons “pursuing a hidden agendas.”

    …… yet, these same 2 or 3 contributors have not found it necessary to condemn the offensive behaviour of 2 or 3 other contributors, who are obsessed with persistently hurling insults and pejorative remarks at Grenville on a weekly basis.

    How can these 2 or 3 contributors’ simple question, affect Grenville’s chances of being elected or Solutions Barbados becoming the next government administration of Barbados?

    “Can we be certain that those who (insult Grenville) are not pursuing a hidden agenda (as well)?”

    I guess certain individuals “blood boils,” when they see certain names.

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  • Artax,

    Grenville is not blameless here. I wrote my criticism of his contribution and was informed that i was “bringing poison”. Not expressing an opinion with which he disagreed but bringing poison as usual. So, I am a toxic person. Then he proceeds to declare me “envious of people who are better than I am”. Now that was a double whammy! First he declares me as an envious person. Then he declares himself as better than I am.

    Nobody has EVER called me envious before. I am known to revel in the excellence of others. There is nothing that satisfies me more than to see others using their talents to the maximum. Great music, art, dance, literature give me goosebumps. Great buildings, scientific discoveries etc etc. What would the world be like without people of excellence? My life would be miserable without them. Their presence and the jobs well done can only enhance my life. How I wish that Grenville was an improvement on the current lot!

    But sadly, he is not. That is my opinion. I am entitled to it. I will express it. Every week if he continues to show no improvement.

    He whines, lies, has a problem with criticism, strings together Bible verses without regard for context in a slap dash, hodge podge, willy nilly manner and most tellingly thinks he is BETTER THAN OTHER PEOPLE.

    He is therefore not suited for the office he seeks.

    And for the slow among us, some of the same applies to the current lot. If they present themselves on BU I will tell them so. Right now I am looking for better. Grenville presents himself as “better.” Let him show it!.

    Steupse!

    Like

  • Stay away from the evil churches and this toxic colonial system, the PAPAL BULL-SHIT is still very much in effect TODAY..you will become more victims of genocide….these are their criminal edicts against Africa and her descended.

    “The papal bull (aka. Vatican law) Romanis Ponifex of 1455 made it official Church policy to cede rightful ownership of any lands to the first Christian conqueror to lay claim to them. It also gave the Pope’s permission to enslave any indigenous or pagan peoples who inhabit that land. This and other laws, such as Dum Diversas (which consigned “pagans” to “perpetual slavery”) and the Inter Caetera, served to establish the Doctrine of Discovery (remember how Columbus “discovered” America) and the age of imperialism, while also having great effect on the slave trade. These papal bulls are still in effect today, despite pleas from many indigenous tribes to have them repealed. The precedent has had an impact on federal law in the United States since 1823, forcing countless millions of indigenous people from their ancestral homelands with consequences on culture, health, and well being that further constitute genocide.”

    Like

  • @ miller.

    If you look at Goddards Enterprises last published financials you will notice their pretax profit was around 4% of sales. Now look at the asset base they have invested to make that 4% and then add in the retained earnings and you will get an idea of how much capital they have invested to make this profit.

    If you place a final tax on sales what you are doing is destroying a companies ability to buy new assets and depreciate them. You would also be throwing away their right to book the Interest expenses on these capital expansions yearly. In other words companies will simply work their existing equipment into the ground and then shut down.

    I would like to meet the accountant that recommended a final tax of 10% of gross sales as an option.

    Also is he aware that although supermarkets turn millions in sales their pre tax profit runs between 1 and 2% of sales? What you think a 10% final tax would do to them?

    Before a clown jump up and say we pay vat at 17.5% please remember you are allowed to right off all vat on the input side against the vat collected on sales.

    Wheel and come again.

    Like

  • Has Solutions got an economic spokesman? Who are the other officers? Is there a public relations officer?

    Like

  • @ John A

    Is that the GEL chaired by Charles Herbert? Where are the sales coming from?

    Like

  • Well we look forward to cousin Boris going into Africa to tief riches and getting his ass deported. Corbin said he confessed to dabbling in class A drugs and conspired to beat up a reporter and then he thinks he is so special..

    Like

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