What The Finance Bill Amendments Mean For Kenyans- Abraham Rugo
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- เผยแพร่เมื่อ 15 ก.ย. 2024
- Guest: Dr. Abraham Rugo- Country Manager International Budget Partnerships (IBP)
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We are in a sharing economy .It is no longer a good idea to encourage ownership of anything .Ownership raises the cost of anything.What government should consider is to lower the cost of renting houses.This will encourage people to move around the country .
Issues very well articulated by Daktari. Kudos
Great to see many parties involved in the discussion, and pressure applied in the right places to make the bill palatable to the common mwananchi.
Public participation is not only about you being listened to by government or you convincing government. In equal measure, it's also about you listening to the logic of government and you being convinced by government. The best idea, which may not necessarily be your own idea, must be allowed to prevail.
"I have seen in many places housing which has been developed under government influences, but I have never seen any projects in which governments have played their part which have fountains and statues and grass and trees, which are as important to the concept of the home as the roof itself." --" John F. Kennedy, 1962.
The president says the housing fund will create jobs for Kenyans. I think it will result in current employers laying off some employees to cut down on costs. Resulting in reduction of production, lower corporate taxes etc.
If you make it easy for businesses to operate, they will expand and hire more people. With more jobs people can have better housing plans or own.
I am not curious why it found itself in the finance bill. It was deliberate so that it passes because of being bundled in there. By itself out would have been fought vehemently and probably beaten.
Passing is one thing and getting the money is another thing. Increase of taxes without an increase in income of the people causes something economist call stagflation.
The Laffer curve
Real debt is 300 trillion shillings and interest is 30 trillion shillings in dollars denominations. Kenyans lipa next 300 years. More poverty more inequality and rampant corruption. Thats your serekali kikuyu and kalenjin nation enjoy