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Forum => Kenya Discussion => Topic started by: sema on April 24, 2023, 01:32:07 AM

Title: Ruto & The Housing Fund: Another unconstitutional Move
Post by: sema on April 24, 2023, 01:32:07 AM
<blockquote class="twitter-tweet"><p lang="en" dir="ltr">President Ruto announced that all civil servants would be deducted 3 per cent of their salary that will be contributed towards the Housing Fund.<br><br>1. This is unconstitutional <br>2. If this is allowed to happen, what will prevent the GOK from forcefully taking public deposits in…</p>&mdash; SokoAnalyst (@SokoAnalyst) <a href="?ref_src=twsrc%5Etfw">April 23, 2023</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
Title: Re: Ruto & The Housing Fund: Another unconstitutional Move
Post by: RV Pundit on April 24, 2023, 07:05:35 AM
Which section of constitution will that violate
Title: Re: Ruto & The Housing Fund: Another unconstitutional Move
Post by: Kadudu on April 24, 2023, 10:55:26 AM
If am not wrong, the last parliament rejected such a bill when it was proposed by the Uhuru led government. Will Ruto bulldoze such a housing fund without going through parliament? What will be its legal status?

Btw, that is an additional tax. So civil servants will be forced to finance a government housing scheme wapende wasipende? The government wage bill will also be inflated by 3%. Already government struglling to pay its workers salaries and still increases another burden on its shoulders.
Title: Re: Ruto & The Housing Fund: Another unconstitutional Move
Post by: RV Pundit on April 24, 2023, 11:46:58 AM
It court that rejected the housing levy - after saying public participation didnt happen.
This is not a tax - this is forced saving or house ownership
Employer pays 3% - employee 3% - until you have raised the deposit for a house.
It's a good think.
Quote from: Kadudu on April 24, 2023, 10:55:26 AM
If am not wrong, the last parliament rejected such a bill when it was proposed by the Uhuru led government. Will Ruto bulldoze such a housing fund without going through parliament? What will be its legal status?

Btw, that is an additional tax. So civil servants will be forced to finance a government housing scheme wapende wasipende? The government wage bill will also be inflated by 3%. Already government struglling to pay its workers salaries and still increases another burden on its shoulders.
Title: Re: Ruto & The Housing Fund: Another unconstitutional Move
Post by: Georgesoros on April 24, 2023, 01:50:23 PM
The easier thing will be float housing bonds at 15%.
Title: Re: Ruto & The Housing Fund: Another unconstitutional Move
Post by: RV Pundit on April 24, 2023, 01:54:59 PM
They will still need to do that to finance mortages of a million.
Housing levy is only for raising deposit.

Quote from: Georgesoros on April 24, 2023, 01:50:23 PM
The easier thing will be float housing bonds at 15%.