harrydre wrote:from the link
Quote:MPs are entitled to a car loan of Sh7 million, and a mortgage of Sh20 million, both to be repaid at three per cent interest by June 2017. The MPs would have to repay the loan in four years and three months.
If an MP takes all the loans, they would have to repay between Sh545,000 and Sh570,000 a month from their taxable pay of Sh532,500.
They are using the loans as an excuse! How about reducing the entitlement to 4M for the car and 10M for the mortgage? and do they have to live in the leafy places? indeed they should be living in their respective constituencies.
Using loan repayment as an excuse is a lorry load of
human cow dung!!!
I am sure that if a majority of Wazuans/Kenyans talked to their bank manager, they will "realize" that they have qualified for a loan they haven't taken [yet]! You din't just take a loan because you have qualified for one or one is offering you one! You must know exactly what you want to do with the money and how you are planning to repay it.
And these bloody leeches are getting the loan at 3% interest p.a. Who else gets loans at those rates in Kenya??? Even University students [who don't know if they will EVER get a job and some from extremely poor families] get loans from HELB at 4%. And the loan is not even guaranteed!!
And some of the leeches were there in the previous parliament and got another car and house loan courtesy of Kenyan tax payers!!! Now they want another car and house courtesy of same overtaxed Kenyans. And they actually even want us to pay for them the loan [through a salary increment]? Didn't we just pay their taxes??
I propose we actually take away the right to tax payer subsidised loans and if they want one the go to a bank like their employer [you and I] does!
And who uses such an argument to get a salary hike. You go tell your employer that you are planning to take a car and house loan and you are demanding he hikes your salary so that you can be able to repay the loans. You would come out as the biggest idiot south of Sahara and North of Limpopo. Which is exactly what those members agitating for a hike are!
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.