SEARCH:

search

JOIN OUR NEWSLETTER:

go

Calendar

Bookmark and Share

Thought To Ponder

Competition in the service of consumers is the one and only sure way to produce a prosperity permanently spiraling upward. All political spendings for purposes beyond the protection of life and property are a snare and a delusion
Percy L. Greaves Jr

 Elizabeth Constituency By-Election: Same Government Tax & Spend Policy Choices 
13 February 2010
The Nassau Institute

This past Tuesday night, we witnessed what was billed as the first televised debate in the history of The Bahamas. All things considered, this debate was probably a small milestone in the political history of The Bahamas. We will leave the pageantry and historical value of the night aside.

The Nassau Institute has two comments on the policy choices put forwarded by the different candidates. The term "choices" here is used very loosely, as the four candidates were all promising varying degrees of the same.

The "choices" being offered by the candidates all required two underlying and fundamental policy recommendations:

  • "Government Taxation & Spending"
  • "Cradle to The Grave Politics"

"Government Taxation & Spending": The Bahamian Government cannot spend or give away to a Bahamian that which it does not first take by force from another Bahamian (ever heard the expression "Robbing Peter to Pay Paul"?). Also, the Government can never "create" jobs by taxation and spending. None of these candidates discussed the jobs that are destroyed by Government taxation, because Bahamians residents and companies have less of their own money to spend and invest to create jobs of their own and to employ other people. To state the obvious, you spend your own money far more wisely than tax revenues spent by government bureaucrats.

"Cradle to The Grave Politics": Bahamians need to move beyond looking to be taken care of by others.  Instead, look to yourself, your family & friends, your extended community and (if necessary) private & voluntary philanthropy for your own well being. Stop asking your MP or Government to forcefully take money from your fellow Bahamians and to have that money spent on you.

As encouraging as it was to see new political parties on the debate stage, we need a new "small government & low taxation" mindset, not more recommendations and creative ways to tax Bahamians further.

Help support The Nassau Institute

Comments

Larry - 14 February 2010 23:19
New Party
Why don't you and some folks from the Nassau Institute begin a party, that is based on smaller government, lower taxes etc.?
I know it wouldn't be popular amongst many Bahamians, but I'd think you'd be surprise how many actually agree in some form or semblance with many of your arguments, and with the consequences of the debt getting so large many Bahamians may be open to the idea.
Also, it would be different because it would be the only party that would actually have a real ideology, and not based on personalities etc.
Would you win any seats? probably not, as most Bahamians for generations have grown up with the idea of the govt. being the sugar daddy, but it could be a beginning, and could also force the two major parties to be more fiscally conservative in their governance.

Add new comment:
Name *
E-mail  
Subject *
Comment *
number
In order to prevent "spam entries", we require that you enter the numerical code in the grey box, as you submit your posting. Thank you for your cooperation.
You may edit it as long as you don't exit your browser. After moderator approval, it will be visible for public.