Saturday, November 19, 2016

An economic and social review of The Bahamas

by Dr Kevin Alcena

As citizens of a democracy, we are often called upon to make on complex public issues. We express our decision indirectly by for leader who represent or support certain policies. Sometimes, Though less frequently, we express our directly by participating in two public referendum.

Historically, in a democracy the people choose the policies that govern them, or at least the representatives who formulate these policies. When this choice is absent, democracy dose not exist. A despotism, however benevolent, is not democracy.

Public finance, even more than any other branch of the Bahamas economic; suggests the idea of a purposive conduct of economic affairs. In public finance in the Bahamas it is particularly tempting to postulate a single subject and a coherent and objective set of values which guide economic activity.

Moreover, Public finance represents economic 'planning ',I. e. positive intervention, and not just an automatic mechanism as in the abstract economic in the Bahamas of harmony. Therefore the contradictions inherent in fiction of a single collective of and demand for taxation occasionally, regressive taxation we need in the Bahamas 'tax benefit. '

Reduce debt principal and hence interest payments; Provide an extended and flexible reschedule of interest payments; Provide new credit to finance department with precedence over existing loans.

Any one of these would modify the annual flows of real resources from debtors to creditors, flows that are too large and too inflexible. A solution to the debt issues in the must be reduce.we be forced to increase our reserves against the US dollars loans.

There is one important assumption of the principal of ability which is the key to an understanding of later developments.

Like the principal of interest it presupposes a correct distribution of income and property upon which the correct tax system for the Bahamas is imposed. Whether one arrive at recommendation of proportional or of progressive taxation, the tax determined in relation to VAT and property, which are accepted as given.

The general attitude which VAT is not good to increase it be big mistake.

In short, it is estimated that the government collected a substantial amount of money from VAT, while the Bahamian public is actually waiting on a report on the expenditure. We must be cognizant of the fact that we all have a contract with the government, and we have to ask ourselves the question, have they delivered on the contract.

Transparency and accountability is an inherited expectation that we are entitled to in the contract. The Bahamian people have zero tolerance for any form of unfettered power that is displayed without impunity.

Nevertheless, we must safeguard our sovereignty, and embrace solidarity in the global arena with one common goal in mind. Realizing that the Trump administration can possibly derail the true spirit of economic growth in the economic community. Realizing the neocon racist agenda that can effectively impact the Caribbean region.

We must be mindful of the fact that Obama made a comment that he is skeptically optimistic of Trump administration, so we should be equally suspicious of the process in this volatile global community.

We Bahamians, PLP, FNM and DNA must all come together in these uncertain times to protect our fragile industry from the new neocon global economic agenda.

From Dr. Kevin Alcena

Wednesday, November 16, 2016

There is no unity to return to ...Trump ran on dividing not uniting America


 By Gilbert Morris -

 Gilbert Morris's Profile Photo

In May of 2008, I warned anyone who would listen that as wonderfully gracious and intelligent as beautiful a soul as President Barack Obama was, he lacked a "killer instinct", which I find is an essential trait in any leader. I warned at each stage: when he visited the GOP 16 days after being in office BEFORE visiting his Democratic colleagues; the second stimulus; failure to slaughter the banks or prosecute Bush/Cheney/Rumsfeld/Powell/Rice.

When he gave the healthcare bill to Reed and Pelosi, I warned of "strategic cynicism". When the White House health conference was held, I explained it as an exhibition of the failure of power; even worse after he lost Ted Kennedy's seat and so his absolute Senate majority because he refused to go and campaign (as he did for Hilary), and on and on. I won't speak of my warnings about Obama's foreign policy team - Susan Rice and others, foolishly interfering with Putin!

For these warnings, many of my good friends - on these pages - gave me "down-the-road".

I WARN NOW AGAIN: Trump/Giuliani/Gingrich/Palin - for Jesus sake-/etc. cannot discipline Mexico or China or Europe. It's not that kind of world anymore. Trade is NOT the key issue for joblessness. America now has a "Crossroads economy", a sharing economy (because of technology) and a "gig" economy (again because of technology. It is the "Silk Road" of the global economy. Therefore GET THIS NOW: it's almost impossible for America to act in its economic interests alone. It's impact on the world is integrated. As such, promising people their jobs back is bollocks!

Also, more ominously, today, the threat of belligerence can produce a global crisis in which a tiny nation or a single person can bring a superpower to its knees. The bug used to unlock AMERICAN electronic systems by Russia was first secretly used against Iran by the Americans and got away from the Americans into Russian hands.

Also, treacherously, there is a reactionary religious element - just as there was a reactionary progressive element for Obama - that sails on a lunatic fringe in their views that will get many people killed in stupid conflicts based on yet stupider irrationales. The main characters of Trumps inner circle have no record of broad sustained success. They are all hucksters and hustlers; which is fine for oneself. But superpowers can't hustle.

These protests you see now are neither a good nor a benign thing. Mr Trump has made statements which suggests that now that he has the levers of power, he would use it to avenge his thin skinned feelings. There is a danger here so great as not to be overstated and Trump supporters are foolish to pretend otherwise.

I do not think that race is as big a factor as some have made it. Trump's segment of the white vote was almost even with Romney and he lost. So that means Blacks and Hispanics did not turn out; who can blame them as Trump spent his life abusing them and the campaign vilifying them and Hillary? She took them for granted, TWICE!

But just because the majority of Trump supporters are NOT racist does not mean he did not run a racist campaign. He did.

And that is why NOW, someone with wisdom and an eye for social history must create the basis of social accommodation in America - for "e pluribus unum" - because many fools have been inspired by Trump's foolish statements. And nations do not bear up well under "us versus them" scenarios. Word to the wise!

The problem is - and here is the rub - there is no unity to return to and Trump ran on dividing not uniting America.

From Gilbert Morris - Facebook