Lolest! wrote:@innovateguy, are you Jaindi Kisero. Your views look like a summary of his article last week. But from a political angle, this sounds wrong esp because it comes from the same guys who promised us cheaper life. Jubilee was opposeds to wage increment preferring prices reductions. You cannot hit low income earners that hard. Life is hard enough. I find it unbelievable that Uhuruto allowed this to get to parliament. If we want more money, increase VAT rate to 18
Very disappointed by UhuRuto. They promised and I was actually expecting they would reduce the cost of living which is already ridiculous as it is! How do you reduce cost of living by increasing taxes on basic commodities? This is a classical 'mtado?' moment!
One fellow here says that the poor don't use these BASIC commodities - like unga [Kenya's staple food is ugali], pads, milk etc. This bullcrap argument on two levels. First, because they do - common sense! Secondly because it is preposterous to argue that because there are some Kenyans who cannot afford some of these BASIC needs we should make them even more expensive! Seriously?
Another fellow argues that the government needs money to operate. Of course it does and that is why we are already paying taxes through the nose. But didn't the former Finance Permanent Secretary say we loose a whooping 40% of revenue through corruption? Seal those loopholes and you have more than enough. Equity Bank introduced a system that sealed loopholes and saved 3B [Yes, Billion] a year in corruption related losses in Masai Mara alone. We all know how that ended! Haven't we all seen the county budgets? You want me to finance that with the 2/3 of my salary after the goverment GRABBED 1/3 at source. Should I finance the laptop project? Car grants for Mpigs? Their house and car loans? Kibaki's office? Ruto's re-modeling? Refurbishment of PERSONAL several houses belonging to governors? 53 million for entertainment for one governors office? Kabogo's 1.7 Billion for "office of the governor" [on clear explanation what it will be used for!]
We need to stop looking for simple solutions to complicated/compound problems. If you give your son 20k pocket money per term and it is still not enough because he uses the money on alcohol, drugs, gambling and women, do you dip into your savings or get second job because your son "needs money to 'operate'"?
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.