Margaret Sivers (l) Chris Sinckler (r)

Bajans Overly Taxed and NOT Loving It!

Submitted by Old Onion Bags
Chris Sinckler, Minister of Finance

Chris Sinckler, Minister of Finance

How many of you had any extra money to spend on gifts this Christmas? I bet most of you  (if honest like me) would agree, ‘tings were tight, tight. Over taxation, high food and gasoline prices had people ‘pun lock.’

How much longer can we continue this way though? Better believe me when I say Bajans are overly TAXED nowadays. People all over Barbados need some reprieve Mr. Sinclair (not more taxes as you have hinted). How much longer can they take these draconian measures and not fall through the social net? They need relief and they need it like yesterday. A voice hollering in the wilderness….dun know.

What is the sense of being able to boast of cutting the deficit by a mere 6% and the country’s people are suffering like hell? Jobs a thing of the past, who working, doing  so with fear shivering, peoples’ children who worked hard to achieve  university status, now left with a broken dreams, ( EWB recently emptied promise).

Mr. Sinclair, you are on video boasting in Parliament of the tough times our generation has been through and of how it makes for character. Yes sir Mr. Minister we agree, but are you not forgetting… back in those days you could beg for a breadfruit….a turnover was for 5c….you could eat food at the neighbors’ and\or  find a job if you wanted one. Times have changed sir … they have obviously become harder. What WAS in those days, won’t cut it today.

By taking so much money out of the economy in the forms of increased taxation and surcharge on fuel,   the money supply has decreased.  The money multiplier effect has thereby waned as a result, and there are less dollars to be circulated and personal savings are being withdrawn from the banks. For those so interested….. money creation is the process by which the money supply of a country  is changed. There are two principal stages of money creation. First, a central bank introduces new money into the economy termed expansionary monetary policy…. by purchasing financial assets or lending money to financial institutions. Secondly, the new money introduced by the central bank is multiplied by commercial banks through fractional reserve banking; this expands the amount of broad money (i.e. cash plus demand deposits) in the economy so that it is a multiple (known as the money multiplier) of the amount originally created by the central bank.

Mr.Sinckler,  with this government’s so called mid-term fiscal policy, you all have successfully choked up the country’s monetary plumbing real good. Disposable income has dried up and money is no longer flowing down. The system needs an enema, and real fast….to releases some frustrations and anxieties the hard working and unemployed people are left to bear.

With this administration having just another two years, how many more taxes  do you plan to implement? A new on-coming cell phone tax promised of 22% in 2016,  one wonders what next… a bedroom tax maybe?

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88 Comments on “Bajans Overly Taxed and NOT Loving It!”

  1. Gabriel December 31, 2015 at 10:59 PM #

    Those residents of the areas affected by the shortage of potable water should install a water tank without delay.Seeing that the African scholar and gentleman has made it clear he does not have the wherewithal to bring relief to so many hundreds of households in St Lucy,St Andrew,St Joseph and St Thomas and neither does the octogenarian executive chairman( read an 81 year old pensioner and member of the fatted calf brigade preventing a younger and less tired Bajan earning a decent salary)and when you consider that the Minister with line responsibility for Water Supply and Management is dumb or otherwise silent and ineffective and the the Prime Minister cannot be bothered to speak to the long suffering residents of the affected parishes,then it is time for these citizens to show their disgust in a tangible way and organize a mass protest next Wedneday January 6th when this government launches its 50th anniversary event.

    Like

  2. racehrse January 2, 2016 at 12:52 AM #

    Neither party has offered any real solutions when you think about it. The business sectors lobbying has prevented foreign investment. Gas in the states is $1.50 a gal or 37.5 cents a liter. You can get a to go box(2 pc chicken, roll, mashed potato’s, cookie, and large coke) at KFC in the states for $5.00 US or $10 BBD. Double that in Barbados. The duties at the port/airport are unreasonable, and merchants couldn’t get there goods for a week because of transportation problems. Land taxes aren’t being paid, some water service was received free for 2 yrs, and a dumping fee was instituted, along with a 22% VAT on data usage and you wonder why drugs are being smuggled in, people are being robbed, and they’re dumping garbage all over the island. We have, and have had a bunch of idiots in government elected, or otherwise for years. But, if you look around you can tell the ones living high on the hog. Bring in some competition that will offer better prices, and employ more people. You don’t need any incentives then to make it a level playing field. Agin the business lobby, and import duties are only making the rich, richer……………..

    Like

  3. TheGazer January 2, 2016 at 2:08 AM #

    @racehrse
    For the record, I think your US prices are on the low side (at least – not applicable to NJ)

    Like

  4. Well Well & Consequences2 January 2, 2016 at 4:08 AM #

    If they do the commonsense as racehrse proposes, then in their minds, the politicians and others will have to not only cut down on their bribe intake, but a cross section of the taxpayers will also start benefitting financially without having to become yardfowls and enablers.

    The politicians would see this as not being in their own best self-interest. You are dealing with leaders in the lowest sense of the word, who lack morals and any degree of ethics.

    Like

  5. racehrse January 2, 2016 at 11:08 AM #

    @TheGazer

    Check http://www.gasbuddy.com They track the price at the pump by City, State, or Zip code and even give you what stations offer the best price. If you minimize the national map it shows color coded prices across the country. $1.40 to $2.60 a gal.

    Like

  6. balance January 3, 2016 at 2:37 AM #

    “ac December 30, 2015 at 8:21 PM #

    The International Monetary Fund (IMF) is projecting positive GDP growth for Barbados this year as a result of increased tourism arrivals and accelerated growth in key markets.”

    Don’t you think that after seven years of incompetence that it is time a miracle occur.

    Like

  7. Donna January 4, 2016 at 10:56 AM #

    Question:

    If the world economy determines how good or bad our economy is how come when it is bad it’s the world economy’s fault and when things appear to be getting better it is the government’s policies that must be applauded?

    Like

  8. Donna January 4, 2016 at 10:58 AM #

    We have not had a leader with vision in a very long time. It is more than our water reservoirs that are running on empty.

    Like

  9. Donna January 4, 2016 at 11:05 AM #

    If I were a person living outside of Barbados I would not spend good money to come to this filthy place. What tourism product what!

    On New Year’s Day my garbage was finally collected after an extended period. The guys said they were as usual borrowing a truck which kept breaking down. My neighborhood was a mess. Those guys were working like madmen to get the place clean. If Lowe worked as hard and as conscientiously we wouldn’t be the rat’s nest we are.

    Like

  10. Artaxerxes January 4, 2016 at 11:56 AM #

    Donna January 4, 2016 at 10:56 AM #

    “Question: If the world economy determines how good or bad our economy is how come when it is bad it’s the world economy’s fault and when things appear to be getting better it is the government’s policies that must be applauded?”

    You have raised a very interesting point, which contains “TRUTH” and “FACTS,” two “elements” some yard-fowls are always alluding to.

    Like

  11. Artaxerxes January 4, 2016 at 11:58 AM #

    Donville Inniss is one of the guest on today’s edition of “Brass Tacks,” which is focusing on a review of business in 2015.

    Like

  12. Better believe it January 6, 2016 at 11:58 AM #

    I hear $1.5 million of the TAXPAYER’s monies being spent tonight, on this 50th Ann. indep. Celebration…$250,000 fireworks even. How could such be spent on this kind of nonsense and Bajans struggling? Some could not even afford a HAM this Christmas, far-less pay taxes still owed and outstanding? Yet this administration blowing up money like Guy Falkes and it aint even November or Old Years. The real cost to the country however, is the business and structural adjustments to be made starting mid-day. Retailer Massy wisely has closed its Btown businesses from 2.30 pm to avert losses whilst many others are seemingly following suit…

    Like

  13. Hants January 7, 2016 at 8:21 PM #

    Will Flow follow.

    TELECOMMUNICATIONS PROVIDER DIGICEL has saved local mobile phone users some serious dollars.

    See more at: http://www.nationnews.com/nationnews/news/76414/digicel-absorbs-cell-tax#sthash.PHLY1lv1.dpuf

    Like

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