It is clear as day that far too many people thought that increasing the income tax threshold meant the money to fund this great initiative was in the skies waiting to be plucked. Austerity was a farce and as a country our economy is booming and we were being sold a lie in previous years. Well you are wide awake an u nuh si nutten yet. I suggest you hole a corner and ride the waves as nutten in life nuh free. All wen u tink a free u a get, sooner or later you will realise the cost was somehow hidden and you were paying all along. The worst part of it all is that you are paying more for getting less. Woiiiiiiiiiiiiii it deyha. Oil prices are set to reach US$50.00 per barrel soon; do the Math’s and the Caribbean has been forewarned. So where do we go from here? Well the brainiacs are appointed and they have promised growth somewhat exponential. All those who thought they had suddenly hit the lottery, spend as much as you can and like many who we have been told according to US lottery winners; lottery curse is real. Meaning a few lottery winners and we are talking millions of dollars ie US$ have ended up broke. Yesssss it is hard for many on the Roc to understand that there are people who actually had millions of US$ and are now worse off than before their short lived wealth. Not to worry, you will figure out how that happens.
As long as Jamaicans believe our indebtedness to the IMF is a figment of our imagination. We have the most productive labour force in the World. We are a rich country financially. Do not be alarmed when we continue to reap what we sow. So when your crop is ready for the picking, just tek wey u get an hole a meds.
Taxi operators demand 50% increase in wake of gas tax
(Jamaica Observer) Friday, May 13, 2016 | 7:47 AM 76 Comments
KINGSTON, Jamaica — Taxi operators group Transport Operators Development Sustainable Services (TODSS) are this morning demanding a 50 per cent fare increase saying that they are not surprised at Government’s move to increase the tax on gasoline.
Minister of Finance and the Public Service Audley Shaw, in opening the budget debate yesterday announced that special consumption tax on petrol will be increased by $7.00 per litre. The expected yield from the new gas tax is $6.489 billion for the remainder of the fiscal year, which will be used to fund the government’s $1.5 million tax relief plan.
“When you need money and you must get it but it must be known there is going to be a rippling effect,” a news release from TODSS said.
It said that the public transport sector will not be able to absorb this seven or up to nine per cent and will now have to make a submission to Government for a fare increase immediately as there is no way transport operators will be able to operate with the increase.
“We are going for a 50 per cent increase,” the release added.
“We have a good working relationship with the Transport Minister Mike Henry and we know we can get an early meeting with him to address this matter. In the mean time, we will continue to service the travelling public with the highest level of professionalism.”