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Kenya's economy creating more wealth
obiero
#11 Posted : Thursday, October 04, 2018 7:18:19 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,321
Location: nairobi
radiomast wrote:
MugundaMan wrote:
radiomast wrote:


3. Real estate billionaires are old money types who were given valuable tracts of land in and around big towns. Or were able to simply grab this land.


Laughing out loudly

Did you read this part of the article?



Quote:
Realtor Knight Frank has, for instance, published a report showing that Kenya created 180 new dollar millionaires in 2017, increasing the number of persons with net-worths of more than Sh500 million to 1,290.

Knight Frank said that out of the 1,290 dollar millionaires, less than 10 had a net-worth of over Sh50 billion, while 90 were worth Sh5 billion and above.




How does this negate anything I said?

Kidero & William must be on the above 50B
COOP, IMH, KEGN, KQ, MTNU
MugundaMan
#12 Posted : Thursday, October 04, 2018 7:25:12 PM
Rank: Elder

Joined: 1/8/2018
Posts: 2,212
Location: DC (Dustbowl County)
radiomast wrote:

3. Real estate billionaires are old money types who were given valuable tracts of land in and around big towns. Or were able to simply grab this land.

...

How does this negate anything I said?


There are a few real estate billionaires who are NOT old money types and did not grab vast tracts of lands. I posted one story of the kamzee prof who bought hundreds of acres of barren land in Western that is now worth over a billion. He is by no means corrupt nor an old money type who stole vast tracts of land as far as we know.
aemathenge
#13 Posted : Thursday, October 04, 2018 9:06:17 PM
Rank: Elder

Joined: 10/18/2008
Posts: 3,434
Location: Kerugoya
MugundaMan wrote:
But who says the lower economic rungs are not benefitting from the growth, my broda Laughing out loudly


I DO.

I live among them here in the pishori rice fields of Mwea.

It is so bad that when our Women Representative Member of Parliament dishes out plastic "shoes" to school going children in public primary schools, she is viewed as a goddess.

So spare me the nauseatingly condescending attitude and smug smirk.
aemathenge
#14 Posted : Thursday, October 04, 2018 9:20:28 PM
Rank: Elder

Joined: 10/18/2008
Posts: 3,434
Location: Kerugoya
MugundaMan wrote:
Or would you rather jail all the millionaires so that everybody can be "equal" and the economy can drop down into airtight and permanent abject poverty for everybody?


Another irritatingly condescending and smug remark.

I acknowledge that we live in a "capitalistic" society and not a communist or socialist state.

The current and immediate occupants on the House on the Hill have a background in Public Economics from prominent alma maters.

As such, this economy fails miserably when it fails to uplift every citizen equally.

Let the multi-millionaire become a billionaire. Let the millionaire become a multi-millionaire, and may those in the middle income ascend into the upper-middle-income range.

Conversely, let the poor join the middle income, et al.

His Excellency Kibutha Kibwana and his mango factory come to mind.

In a nutshell, The Title "Kenya's Economy Creating More Wealth" is an obscene insult to the many languashing in abject poverty while mere speculation on land makes a few billionaires.

I rest.
jamplu
#15 Posted : Thursday, October 04, 2018 9:38:14 PM
Rank: Veteran

Joined: 3/25/2010
Posts: 939
Location: Nai
MugundaMan wrote:
https://mobile.nation.co.ke/news/More-Kenyans-get-super-rich/1950946-4791234-bri96f/index.html

But why is it 'puzzling'to this journalist. That's what economies growing at 5%+ for the past 16 years do 😎



Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Joke of the century. Mugundaman seems you in business with them.
Mike Ock
#16 Posted : Thursday, October 04, 2018 9:39:04 PM
Rank: Member

Joined: 1/22/2015
Posts: 682
@MugundaMan I hope you are talking recklessly while you are part of the "connected economy." Kama wewe ni hustler hapa just being a psychofant, I feel sorry for you
MugundaMan
#17 Posted : Thursday, October 04, 2018 10:08:25 PM
Rank: Elder

Joined: 1/8/2018
Posts: 2,212
Location: DC (Dustbowl County)
aemathenge wrote:
MugundaMan wrote:
But who says the lower economic rungs are not benefitting from the growth, my broda Laughing out loudly


I DO.

I live among them here in the pishori rice fields of Mwea.

It is so bad that when our Women Representative Member of Parliament dishes out plastic "shoes" to school going children in public primary schools, she is viewed as a goddess.

So spare me the nauseatingly condescending attitude and smug smirk.


Speak for yourself my broda! The statistics are quite clear:

https://borgenproject.or...verty-decline-in-kenya/

If you are lazy there in the rice fields of Mwea hating money, crying sirikari saidia from dusk to dawn and refusing to invest in something within your price range shauri yako! Do not blame anyone but yourself for your woes.
MugundaMan
#18 Posted : Thursday, October 04, 2018 10:11:03 PM
Rank: Elder

Joined: 1/8/2018
Posts: 2,212
Location: DC (Dustbowl County)
Mike Ock wrote:
@MugundaMan I hope you are talking recklessly while you are part of the "connected economy." Kama wewe ni hustler hapa just being a psychofant, I feel sorry for you


I am busy taking advantage of the vast opportunities in our red hot economy, baba. These opportunities are available to anyone who is not lazy, is willing to work hard and invest wisely. Not sitting idly in Mwea while my rice rots on the field then blame serikali for my poverty jameni. So many farmers have pulled themselves out of poverty farming rice!
MugundaMan
#19 Posted : Thursday, October 04, 2018 10:13:43 PM
Rank: Elder

Joined: 1/8/2018
Posts: 2,212
Location: DC (Dustbowl County)
jamplu wrote:
MugundaMan wrote:
https://mobile.nation.co.ke/news/More-Kenyans-get-super-rich/1950946-4791234-bri96f/index.html

But why is it 'puzzling'to this journalist. That's what economies growing at 5%+ for the past 16 years do 😎



Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Joke of the century. Mugundaman seems you in business with them.


Economic growth is not a joke at all my broda Laughing out loudly
Corruption is bad and we all condemn it, but on a personal level, I have never worked for gava nor benefitted from a single tender my whole life. So it amuses me royally when those who have worked hard to achieve a modest level of success in Kenya are broad brushed as " corrupt/looter/politican crooks!" yet I have not seen a coin of NYS or Goldenberg money since I was born! The opportunities a growing economy provided are what have been my meal ticket.
obiero
#20 Posted : Thursday, October 04, 2018 10:43:10 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,321
Location: nairobi
MugundaMan wrote:
jamplu wrote:
MugundaMan wrote:
https://mobile.nation.co.ke/news/More-Kenyans-get-super-rich/1950946-4791234-bri96f/index.html

But why is it 'puzzling'to this journalist. That's what economies growing at 5%+ for the past 16 years do 😎



Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Joke of the century. Mugundaman seems you in business with them.


Economic growth is not a joke at all my broda Laughing out loudly
Corruption is bad and we all condemn it, but on a personal level, I have never worked for gava nor benefitted from a single tender my whole life. So it amuses me royally when those who have worked hard to achieve a modest level of success in Kenya are broad brushed as " corrupt/looter/politican crooks!" yet I have not seen a coin of NYS or Goldenberg money since I was born! The opportunities a growing economy provided are what have been my meal ticket.

We are not talking about middle class socialites.. Here we are referring to people like this guy https://www.businessdail...791814-bsx341/index.html
COOP, IMH, KEGN, KQ, MTNU
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