Tag Archives: Taxation

Is Barbados An Overly Taxed Economy Or Not?

Submitted by Old Onions Bag

Chris Sinckler, the embattled Minister of Finance

“the quality of mercy wanes”

Exactly what is hoped to be achieved by these draconian tax measures? It is about time gurus in the Finance Ministry wake up and see the results of their  ploy. Can Barbados ever be able to recover given the prevailing circumstances and no projected new revenue inflows? Why what then is hoped to be achieved by these continued, less than auspicious ‘undertaken’ methods…. a quick death for some especially the poor, old and degenerate?

A stage now has been set for pensioners and the aged to falter, that is, if the pseudo drugs don’t take them first. There is seemingly no reprieve for them who lodged all their survival savings in CLICO or  BAICO, now that they have both gone belly up. Whatever happened to all the talk of assistance in the form of a structured payment program to assist these aged? Why how much more time do they have ? We are soon moving into the third year since the CLICO debacle.  Some Barbadian families have no recourse but to support themselves and the elderly from saving, that are hitting bottom fast. Yet some continues on this path of high intake thru taxes, with no consideration for the plight levied on the back of citizen Joe…Gran dad in the one hand…Jenny and Jane graduates with no employment in the other. How do they expect poor Joe to cope?

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Slicing And Dicing The Barbados Economy

Submitted by People’s Democratic Congress (PDC)

In the last PDC article on BU, we looked at, et al, the real actual cost of use of the Barbadian people’s money vis-à-vis the supposed total value of the monetary base of the people of this country.

Too, we concluded in that article that, at this present time, the real actual cost of use of money is 83% – which means that out of every Barbados dollar that is used in the political economy and services industry sectors of the country, a staggeringly pernicious 83 cents out of every Barbados dollar represents the amount that is now being paid for from out of the nominal incomes, payments and transfers of the relevant people and other entities in Barbados, in order for the latter to use this dollar on a daily basis.

Now, what we did not query in the previous two PDC articles on BU, on this very cost of use of money theory, but what we are going to ask of BU readers right now, is: that given the cost of use of money is estimated to be 83% (71% of it is used primarily for unproductive, under-used, abhorrent money merchant   tourism peddling purposes), then what becomes of the remaining 17%? Where does it go? What does it represent?

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Lawyers And Doctors Accused Of Not Paying All Their Taxes

Submitted by the People’s Democratic Congress (PDC)

Treasury Building

“When the government fears the people, there is liberty. When the people fear the government there is tyranny”.

Thomas Jefferson

“Men fight for liberty and win it with hard knocks. Their children, brought up easy, let it slip away again; poor fools. And their grand-children are once more slaves.”

D. H. Lawrence

Retired Acting Commissioner of the so-called Inland Revenue Department of Barbados, Frank Forde, must be one of the Princes of Darkness and Evil in the world of Satanism. For how else could he be described when very recently he came right out in defence of this very evil, wicked anti-developmental TAXATION system in Barbados??

That he has actually come right out and done it the way how he has done it indicates, one out of many things, that he has a raging serious personal problem with highly trained, black professional business people EARNING significant incomes in the private sector of Barbados. Indeed, what ALL Ministers of Finance of the government of Barbados – including the present Minister of Finance, and administrative people like Forde, right down to some others serving in various TAX DEPARTMENTS of the government of Barbados, have been despicably doing is showing many people how they can use this already evil wicked TAXATION system – in the most uncharitable and portentous of ways – to perpetually and falsely justify and wage personal grudges, envies, crusades against those neo-classical black private sector persons who EARN middle or high incomes in Barbados – and who – in many cases – EARN more than the monthly salaries  the evildoers. It is not surprising either, that those evil doers think and act in a manner that is synonymous with the interpretation of the Willie Lynch proposal, and secret society behaviour!!

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Factors Compromising The Growth Of The Economy

Submitted by the People’s Democratic Congress (PDC)

The PDC believes 'economics' has been made to be politically inverted and denuded by economists

Some months ago, in a PDC article on this BU blog site, we had promised that, in a later article – we would expound on the proposition that  the Agriculture Sector, the Manufacturing Sector, the Construction Sector, the Freight  Sector (which is the corollary of the Material Sectors), and any relevant sub/Sectors, are the ONLY sectors to have ever been constituting the political economy of Barbados; and that the Tourism Sector, the Financial Sector, the Government Sector, the Public Transportation Sector, the Wholesale Retail and Distribution Sector (which is distinct from the Freight Sector),  and any other relevant sub/Sectors, are NEVER  and have NEVER been sub/Sectors forming  part of the political economy of this country.

In addition to examining those propositions, we had also promised, at that same time, to look at some of the adverse implications of these circumstances for the integrity and functioning of the said political economy of Barbados, and for the further  growth and development of the country – given that – over the last 30 years or so – more and more of the nation’s resources and assets, and more and more of the skills and services of the multitudes of people in Barbados have been devoted towards those sub/ Sectors that do NOT form part of the local political economy .

So, such are the motivations for this present article!!!

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The Method of Taxation, An Illegal Undertaking By Government

Submitted by The People’s Democratic Congress (PDC)

Flashback to The PDC demonstrating outside BL&P

Having in the last PDC submission illuminated, to some extent, the close relationships between the Taxation policy of the government, and the financial policy of both the government and the financial private sector in Barbados, we now take this opportunity to use this column, this time around, to effect the five following goals.

  1. To state categorically that government CANNOT TAX money (only INCOMES, PAYMENTS, TRANSFERS)
  2. To prove once again that there are many fundamental differences between money and nominal income, nominal wages, etc
  3. To attempt to convince as many people as possible in Barbados that there are definite casual relationships between TAXATION policy and increased mass suffering and misery that is taking place among the broad masses and middle classes of people of this country.
  4. To show once again that inflation is a bogus false economic concept
  5. To give BU visitors and readers and some members of the Barbadian electorate another opportunity to gain a little more insight and understanding of the very profound rationalizations and syncretisations behind this very liberating powerful political philosophy of NO-TAXATION

Under this virtually centralized nominal TAXATION process in Barbados the government of Barbados CANNOT TAX money – coins, bills, and cards. It cannot therefore TAX 1 cent, 5 cent, 10 cent, 25 cent, 1 dollar, 2 dollars, 5 dollars, 10 dollars, 20 dollars, 50 dollars, 100 dollars, either in themselves or altogether.

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The Mechanics Of Money In Our Neck of The Woods

Submitted by the People’s Democratic Congress (PDC)

In this article, the PDC duly returns to the phenomenon of the relevant people, businesses and other entities in Barbados despicably atrociously paying for the use of the Barbadian people’s money. And, we do so cognizant of the fact that the level at which most people and other entities in Barbados continue to pay for the use of the Barbadian people’s money, is so horrendously high and unbearable, that it will continue to help cause unprecedented massive decay and decline in the material production and distribution structures and processes of the country.

But, before we present yet another path-breaking foray into a greater understanding of some of the ramifications of this very destructive phenomenon, we must BASICALLY reiterate a couple of things that we would have so far stated in our previous articles on this subject (plus a few other new additions):

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Government Public Private Partnership Housing Strategy Comes Under Attack

Submitted by the People’s Democratic Congress (PDC)

Michael Lashley, Minister of Housing

A local home building firm charges the NHC/Government BDS$1.6 million for building 20 wall bungalow-type homes on so-called crown lands in a particular region in Christ Church.

The Government intends “to sell” these houses to prospective “buyers” on the local commercial housing market for BDS $ 1.8 million. But, being in no position to finance the building of  these houses on its own, the government treacherously lay waits portions of the relevant incomes of the relevant persons, businesses and other entities in this country, and brutally seizes them, to disgracefully diabolically pay this home construction business this BDS  $ 1.6 million.

However, before this happens, this firm goes and draws down on some of its savings and gets some institutional loans as well,  in order to help get the building plans, the workers, the resources, the equipment, the necessary building and building related approvals, and other such things together, so that it would be able to  construct the houses and turn them over to the government at the agreed time.

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