Author Topic: Dark cloud looms. Kenyans have lost hope  (Read 4562 times)

Online RV Pundit

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Re: Dark cloud looms. Kenyans have lost hope
« Reply #20 on: October 07, 2023, 11:20:18 PM »
Njuri wa makamasi me clueless ubwa

Offline hk

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Re: Dark cloud looms. Kenyans have lost hope
« Reply #21 on: October 08, 2023, 10:39:49 AM »
Through painful reforms like high tax collections, digitization, investing in BETA, letting KES to devalue.
And how is uhuru mess being sorted out?
Raising taxes doesnt necessarily mean more collection. Devaluing KES has led to eroding of kenyans purchasing power hence they're more poorer. In addition its worsening debt serving and repayment. Instead of raising taxes the government should have privatized, deregulated and drastically reduce spending. Government spending, especially budget deficit driven spending drives up inflation and in kenya corruption.  The economy will meander along nothing above 6% . If the different measures were taken the economy would have rebounded from covid and debt crisis to about 8% by late 24.

Offline Georgesoros

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Re: Dark cloud looms. Kenyans have lost hope
« Reply #22 on: October 08, 2023, 07:08:39 PM »
Through painful reforms like high tax collections, digitization, investing in BETA, letting KES to devalue.
And how is uhuru mess being sorted out?
Raising taxes doesnt necessarily mean more collection. Devaluing KES has led to eroding of kenyans purchasing power hence they're more poorer. In addition its worsening debt serving and repayment. Instead of raising taxes the government should have privatized, deregulated and drastically reduce spending. Government spending, especially budget deficit driven spending drives up inflation and in kenya corruption.  The economy will meander along nothing above 6% . If the different measures were taken the economy would have rebounded from covid and debt crisis to about 8% by late 24.

You raise taxes when economy is doing good, not when its going downhill. Even in personal finances you cut back, and get rid of a few things when things are bad.