Moderator: 3ne2nr Mods
matr1x wrote:Bring back money stolen in corruption.
Boom! Problem solved
Habit7 wrote:De Dragon wrote:Don't you love how Habit7 and PantyMan Plastic Bag conveniently embrace collective responsibility?
PantyMan Plastic Bag was actually arguing that in 5 years from 2010-2015 the PP wrecked the economy single- handedly. It appears that prior to that, everything was perfect
Not perfect but it was damn good
"Still, according to the World Bank, T&T enjoyed the highest Gross Domestic Product (GDP) per capita in Latin America and the Caribbean during the period 2000 to 2010."
https://www.guardian.co.tt/article-6.2. ... f8f8f560a1
Load beat up belowteems1 wrote:When it's time for the taxpayers to get something, tighten your belt. Subsidies are one of the few places many people see a return on their tax dollars.
Subsidies are almost 50% of our expenditure, personal taxes are nowhere near that as a percentage of our revenue. Govt earns most of its tax revenue from O&G companies and they are paying less and less every year. Nothing PNM or UNC could do to change that.Redress10 wrote:Is Manning who invited Rowley into the PNM and introduced him to politics.
Rowley went up for elections in 1981, who told you Manning invited him into the PNM?
teems1 wrote:The mineral wealth is the citizens.
Not the 1% or financers or party hacks or Calder Hart's.
Foe too long the country's wealth has been allocated to a select few.
They treat the treasury like a personal bank account to finance their extravagant lifestyle to eventually migrate.
They can cut public sector employees but leave the subsidies.
If they do away with the subsidies then reduce taxes because the vast majority of the population do not benefit from it.
De Dragon wrote:Don't you love how Habit7 and PantyMan Plastic Bag conveniently embrace collective responsibility?
PantyMan Plastic Bag was actually arguing that in 5 years from 2010-2015 the PP wrecked the economy single- handedly. It appears that prior to that, everything was perfect
Imbert facking up royally right before our very eyes, and these clowns still find it necessary to mount a full-throated defence, even after Impsy himself has admitted abject failure, and that he lied to us. Thankfully, only LFDRFD PNM clowns like Pornsie and Panty take that chain up
Habit7 wrote:teems1 wrote:The mineral wealth is the citizens.
Not the 1% or financers or party hacks or Calder Hart's.
Foe too long the country's wealth has been allocated to a select few.
They treat the treasury like a personal bank account to finance their extravagant lifestyle to eventually migrate.
They can cut public sector employees but leave the subsidies.
If they do away with the subsidies then reduce taxes because the vast majority of the population do not benefit from it.
It is easy to talk about the nebulous, unquantifiable figure for corruption and not deal with budgeted subsidises which benefit the rich with their 3.0L diesels, subsidised electricity and a flat water rate for their manisons. Both utilities are among the cheapest in region thanks to subsidies. All while we pay no property tax.
Other oil rich countries had begun the process of weaning their population off of subsidies, except Venezuela. But if you believe we should follow Venezuela instead Gulf oil states then we are not on the same page. https://www.bbc.com/news/world-middle-east-20644964
Yours is the position which I spoke about earlier, you want others to be affected (public servants) but not you (keep the subsidies). You also want us to reduce taxes when our personal tax allowance has increased from $60k in 2015 to $84k presently. We have some of the lowest personal and commercial tax in Latin America and the Caribbean.
If T&T has to be fixed, we all have to feel it.
teems1 wrote:Then lead from the front.
Get your house in order before demanding others sacrifice.
Austal Ferry cost 73.5m USD
Incat vessel cost 72.9m USD
Again, money is no problem there but somehow a subsidy for gas is.
Habit7 wrote:teems1 wrote:Then lead from the front.
Get your house in order before demanding others sacrifice.
Austal Ferry cost 73.5m USD
Incat vessel cost 72.9m USD
Again, money is no problem there but somehow a subsidy for gas is.
The Australian ferries were procured by loan and are not a full payment. Nothing is wrong in purchasing a sea bridge, the subsidy is where you only pay $50 for the trip when it costs about $400 but the govt pays the difference. We subsidise the sea bridge to maintain the Tobago economy, but may if we remove the subsidy Tobago will get more competitive out of necessity.
paid_influencer wrote:I read the articles in the Business Guardian today. I was surprised AF to see a direct first-page and second-page attack against the current policy and politicians in the administration.
My two leading theories:
1. The Guardian (1% news outlet) really wants to get political against the PNM. This is extremely unlikely.
or
2. The Guardian (1% news outlet) is laying the groundwork to enable the administration carry out the post-election phase of policy. (very likely)
Dohplaydat wrote:paid_influencer wrote:I read the articles in the Business Guardian today. I was surprised AF to see a direct first-page and second-page attack against the current policy and politicians in the administration.
My two leading theories:
1. The Guardian (1% news outlet) really wants to get political against the PNM. This is extremely unlikely.
or
2. The Guardian (1% news outlet) is laying the groundwork to enable the administration carry out the post-election phase of policy. (very likely)
It's probably a combination of the 2. The 1% isn't too unified these days, especially the younger generation 1%, they have little power, but their influence is growing.
Also, 2 is very likely, whether it is intentional fore-warning or not, we are definitely to expected mass layoffs at:
1. CAL
2. TSTT
3. WASA
4. T&TEC
5. NGC
6. Many others....retrenchment figures I'm hearing is around 50%, with paltry separation packages to boot. (2 to 1 at best).
Gladiator wrote:Dohplaydat wrote:paid_influencer wrote:I read the articles in the Business Guardian today. I was surprised AF to see a direct first-page and second-page attack against the current policy and politicians in the administration.
My two leading theories:
1. The Guardian (1% news outlet) really wants to get political against the PNM. This is extremely unlikely.
or
2. The Guardian (1% news outlet) is laying the groundwork to enable the administration carry out the post-election phase of policy. (very likely)
It's probably a combination of the 2. The 1% isn't too unified these days, especially the younger generation 1%, they have little power, but their influence is growing.
Also, 2 is very likely, whether it is intentional fore-warning or not, we are definitely to expected mass layoffs at:
1. CAL
2. TSTT
3. WASA
4. T&TEC
5. NGC
6. Many others....retrenchment figures I'm hearing is around 50%, with paltry separation packages to boot. (2 to 1 at best).
Bandit Association of T&T would be hiring...
DMan7 wrote:Gladiator wrote:Dohplaydat wrote:paid_influencer wrote:I read the articles in the Business Guardian today. I was surprised AF to see a direct first-page and second-page attack against the current policy and politicians in the administration.
My two leading theories:
1. The Guardian (1% news outlet) really wants to get political against the PNM. This is extremely unlikely.
or
2. The Guardian (1% news outlet) is laying the groundwork to enable the administration carry out the post-election phase of policy. (very likely)
It's probably a combination of the 2. The 1% isn't too unified these days, especially the younger generation 1%, they have little power, but their influence is growing.
Also, 2 is very likely, whether it is intentional fore-warning or not, we are definitely to expected mass layoffs at:
1. CAL
2. TSTT
3. WASA
4. T&TEC
5. NGC
6. Many others....retrenchment figures I'm hearing is around 50%, with paltry separation packages to boot. (2 to 1 at best).
Bandit Association of T&T would be hiring...
I heard they are commission based.
MORE THAN 1,700 workers were retrenched from July-November 2020, the Central Bank said on Thursday in its Economic Bulletin. The bulletin also reported a contraction in domestic economic activity and reduced revenue, which contributed to a larger deficit in the last half of 2020.
The bank said through its monitoring of retrenchment notices, it counted 1,728 retrenchments in the five-month period. For the same period the year before, there were 577 retrenchments. The report said the number represents a 200 per cent increase.
The finance, insurance, real-estate and other business services served the most notices, with 802 people getting pink slips. Distribution, restaurants and hotels jettisoned 285 people, the energy sector let go 176 people and manufacturing let go of 171 people.
daring dragoon wrote:imbutt aint go fire not one govt worker. these same 'lazy' workers as you all say are the same that go shopping for the 2 hour lunch and spend money to keep the economy ticking . try take loans, use public transport, buy doubles etc. any economist know if you stagnate the economy people will stop spending and less taxes and all hell break loose and we go into a depression. no luxury item would be sold, crime will go up in terms of black market items like alcohol and cigarettes and is more pressure. it easier to pay the workers and have the economy ticking. money will come eventually when covid ends
death365 wrote:thank you ..
Govt = major employeer.... Public service, teachers, stat boards, contracts positions* , make work programmes etc. so they responsible for more than 75% of employment directly.
* just incase yuh dont kno - contract post are equal to the public service posts in Govt service.daring dragoon wrote:imbutt aint go fire not one govt worker. these same 'lazy' workers as you all say are the same that go shopping for the 2 hour lunch and spend money to keep the economy ticking . try take loans, use public transport, buy doubles etc. any economist know if you stagnate the economy people will stop spending and less taxes and all hell break loose and we go into a depression. no luxury item would be sold, crime will go up in terms of black market items like alcohol and cigarettes and is more pressure. it easier to pay the workers and have the economy ticking. money will come eventually when covid ends
daring dragoon wrote:DMan7 wrote:Gladiator wrote:Dohplaydat wrote:paid_influencer wrote:I read the articles in the Business Guardian today. I was surprised AF to see a direct first-page and second-page attack against the current policy and politicians in the administration.
My two leading theories:
1. The Guardian (1% news outlet) really wants to get political against the PNM. This is extremely unlikely.
or
2. The Guardian (1% news outlet) is laying the groundwork to enable the administration carry out the post-election phase of policy. (very likely)
It's probably a combination of the 2. The 1% isn't too unified these days, especially the younger generation 1%, they have little power, but their influence is growing.
Also, 2 is very likely, whether it is intentional fore-warning or not, we are definitely to expected mass layoffs at:
1. CAL
2. TSTT
3. WASA
4. T&TEC
5. NGC
6. Many others....retrenchment figures I'm hearing is around 50%, with paltry separation packages to boot. (2 to 1 at best).
Bandit Association of T&T would be hiring...
I heard they are commission based.
imbutt aint go fire not one govt worker. these same 'lazy' workers as you all say are the same that go shopping for the 2 hour lunch and spend money to keep the economy ticking . try take loans, use public transport, buy doubles etc. any economist know if you stagnate the economy people will stop spending and less taxes and all hell break loose and we go into a depression. no luxury item would be sold, crime will go up in terms of black market items like alcohol and cigarettes and is more pressure. it easier to pay the workers and have the economy ticking. money will come eventually when covid endsMORE THAN 1,700 workers were retrenched from July-November 2020, the Central Bank said on Thursday in its Economic Bulletin. The bulletin also reported a contraction in domestic economic activity and reduced revenue, which contributed to a larger deficit in the last half of 2020.
The bank said through its monitoring of retrenchment notices, it counted 1,728 retrenchments in the five-month period. For the same period the year before, there were 577 retrenchments. The report said the number represents a 200 per cent increase.
The finance, insurance, real-estate and other business services served the most notices, with 802 people getting pink slips. Distribution, restaurants and hotels jettisoned 285 people, the energy sector let go 176 people and manufacturing let go of 171 people.
Habit7 wrote:De Dragon wrote:Don't you love how Habit7 and PantyMan Plastic Bag conveniently embrace collective responsibility?
PantyMan Plastic Bag was actually arguing that in 5 years from 2010-2015 the PP wrecked the economy single- handedly. It appears that prior to that, everything was perfect
Not perfect but it was damn good
"Still, according to the World Bank, T&T enjoyed the highest Gross Domestic Product (GDP) per capita in Latin America and the Caribbean during the period 2000 to 2010."
https://www.guardian.co.tt/article-6.2. ... f8f8f560a1
Load beat up belowteems1 wrote:When it's time for the taxpayers to get something, tighten your belt. Subsidies are one of the few places many people see a return on their tax dollars.
Subsidies are almost 50% of our expenditure, personal taxes are nowhere near that as a percentage of our revenue. Govt earns most of its tax revenue from O&G companies and they are paying less and less every year. Nothing PNM or UNC could do to change that.Redress10 wrote:Is Manning who invited Rowley into the PNM and introduced him to politics.
Rowley went up for elections in 1981, who told you Manning invited him into the PNM?
KM_2NR wrote:death365 wrote:thank you ..
Govt = major employeer.... Public service, teachers, stat boards, contracts positions* , make work programmes etc. so they responsible for more than 75% of employment directly.
* just incase yuh dont kno - contract post are equal to the public service posts in Govt service.daring dragoon wrote:imbutt aint go fire not one govt worker. these same 'lazy' workers as you all say are the same that go shopping for the 2 hour lunch and spend money to keep the economy ticking . try take loans, use public transport, buy doubles etc. any economist know if you stagnate the economy people will stop spending and less taxes and all hell break loose and we go into a depression. no luxury item would be sold, crime will go up in terms of black market items like alcohol and cigarettes and is more pressure. it easier to pay the workers and have the economy ticking. money will come eventually when covid ends
Didn't even realized this till you pointed it out.
The Government, through the Public Service, is the largest employer in the country, but systems and management processes within its vast bureaucracy have not kept pace with standards for enterprises operating on that scale
Interesting.
Redman wrote:De Dragon wrote:Don't you love how Habit7 and PantyMan Plastic Bag conveniently embrace collective responsibility?
PantyMan Plastic Bag was actually arguing that in 5 years from 2010-2015 the PP wrecked the economy single- handedly. It appears that prior to that, everything was perfect
Imbert facking up royally right before our very eyes, and these clowns still find it necessary to mount a full-throated defence, even after Impsy himself has admitted abject failure, and that he lied to us. Thankfully, only LFDRFD PNM clowns like Pornsie and Panty take that chain up
Dragon you again are lying.
Full bore shameless frigging lying.
Just point out where I said unc wrecked the economy.
They missed the opportunity to change the direction of the economy..is what I said.
dam baxide.
"It is a simple matter for ivory tower economists to prescribe bitter economic medicine which would undoubtedly inflict deep suffering on an ailing population because most will never have to look the patient in the eye or swallow their own jagged little pill." This was the statement made by Minister in the Ministry of Finance Brian Manning on Saturday in response to recent comments by local economists calling for the government to take decisive action to correct the country’s economic problems.
Manning said some of the recommendations now being floated are "archaic, outdated, lacking context and should be dismissed" because they are dangerous and damaging to the well-being of the people of T&T.
In Thursday’s Business Guardian magazine one of the recommendations made by economist Dr Terrence Farrell was a reduction in the headcount in the public service.
Manning said this move could force hundreds, or even thousands, of people "into an already crowded labour market with little hope of being absorbed by a wobbled private sector."
Manning said what Farrell and the others are recommending was reminiscent of action taken by the National Alliance for Reconstruction (NAR) government in 1986 which failed then and today is considered "outdated, uncaring and almost cruel economic policy."
Instead, Manning said the current Government has embarked on a strategy of investment designed to restructure the T&T economy while preserving lives and livelihoods.
"This is what people-centred policy is all about. We make no apologies for that," Manning said.
"While these textbook recommendations would improve our economic indicators they would also so severely impugn the standard of living for the average Trinbagonian that no one would care."
daring dragoon wrote:"It is a simple matter for ivory tower economists to prescribe bitter economic medicine which would undoubtedly inflict deep suffering on an ailing population because most will never have to look the patient in the eye or swallow their own jagged little pill." This was the statement made by Minister in the Ministry of Finance Brian Manning on Saturday in response to recent comments by local economists calling for the government to take decisive action to correct the country’s economic problems.
Manning said some of the recommendations now being floated are "archaic, outdated, lacking context and should be dismissed" because they are dangerous and damaging to the well-being of the people of T&T.
In Thursday’s Business Guardian magazine one of the recommendations made by economist Dr Terrence Farrell was a reduction in the headcount in the public service.
Manning said this move could force hundreds, or even thousands, of people "into an already crowded labour market with little hope of being absorbed by a wobbled private sector."
Manning said what Farrell and the others are recommending was reminiscent of action taken by the National Alliance for Reconstruction (NAR) government in 1986 which failed then and today is considered "outdated, uncaring and almost cruel economic policy."
Instead, Manning said the current Government has embarked on a strategy of investment designed to restructure the T&T economy while preserving lives and livelihoods.
"This is what people-centred policy is all about. We make no apologies for that," Manning said.
"While these textbook recommendations would improve our economic indicators they would also so severely impugn the standard of living for the average Trinbagonian that no one would care."
Great is the PNM, great is the Manning name. Again i say this should be the next leader of the PNM
daring dragoon wrote:if someone wants to open their own business where would there start?
1. where would they get startup capital
2. what business can they start (business ideas)
3.where do they turn to get stock, infrastructure etc
generally the first thing is whats a good business idea ?