On this one, I support Ruto 💯

upepo

Chief Lister
For populations with no means to earn income, throwing a little money their way spurs productivity, which eventually helps grow the GDP and the amount of taxes collected. The absolute lack of access to cash is what traps most people in criminal poverty.
When the government sabotaged betting, it did so because the firms were siphoning cash from the bottom sections, which stalled productivity. This should tell you that small amounts at the bottom can enable lots of productivity. Actually the entire economy rides on the productivity at the bottom.
 
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Denis Young

Chief Lister
For populations with no means to earn income, throwing a little money their way spurs productivity, which eventually helps grow the GDP and the amount of taxes collected. The absolute lack of access to cash is what traps most people in criminal poverty.
When the government sabotaged betting, it did so because the firms were siphoning cash from the bottom sections, which stalled productivity. This should tell you that small amounts at the bottom can enable lots of productivity. Actually the entire economy rides on the productivity at the bottom.
Oh please. They did it to capture revenue because there was a lot of money circulating there. That tax should be illegal because it is taxing unrealized gains when they tax the stake.
 

upepo

Chief Lister
Oh please. They did it to capture revenue because there was a lot of money circulating there. That tax should be illegal because it is taxing unrealized gains when they tax the stake.
You have no idea. Firms were laying off workers left, right, and center because money at the bottom was leaving the village directly for Europe. People became idlers in villages because there was no money in circulation to support economic activity. When one individual uses 100 bob to bet in the morning instead of buying milk, sweet potatoes, and vegetables; that represents revenue loss and idleness to 3 different sectors. When the people in these three sectors fail to get revenue, it means they also cannot buy goods and services from others. And that is how the entire village becomes idle simply because money was short circuited to Europe. Actually, the push to sabotage betting came mostly from manufacturers and not the government.
 

Montecarlo

Chief Lister
DP Ruto yesterday said the Kenyan economy cannot prosper on handouts. He said this while in a function in Mombasa during which he donated foodstuff.

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Look up the definition of a demagogue because that is how they get you. Focus on the actions of a man and his intentions; not his words. It is effeminate to measure a man's character and worth by his words.
His statement is not news to anyone even those with single digit IQs
 

Montecarlo

Chief Lister
For populations with no means to earn income, throwing a little money their way spurs productivity, which eventually helps grow the GDP and the amount of taxes collected. The absolute lack of access to cash is what traps most people in criminal poverty.
When the government sabotaged betting, it did so because the firms were siphoning cash from the bottom sections, which stalled productivity. This should tell you that small amounts at the bottom can enable lots of productivity. Actually the entire economy rides on the productivity at the bottom.
No it doesn't. You are basically pushing for a welfarism mode of governance which perpetuates laziness and makes it difficult to promote frugality in a society.
Governments must do their job which is simply to create an enabling environment by upholding the rule of law. Period! Stop this foolishness that is majorly based on the mediocrity we find ourselves in.
 

Denis Young

Chief Lister
You have no idea. Firms were laying off workers left, right, and center because money at the bottom was leaving the village directly for Europe. People became idlers in villages because there was no money in circulation to support economic activity. When one individual uses 100 bob to bet in the morning instead of buying milk, sweet potatoes, and vegetables; that represents revenue loss and idleness to 3 different sectors. When the people in these three sectors fail to get revenue, it means they also cannot buy goods and services from others. And that is how the entire village becomes idle simply because money was short circuited to Europe. Actually, the push to sabotage betting came mostly from manufacturers and not the government.
A classic case of treating symptoms rather than the disease. If the issue was shuttling monry out of Kenya, the mandate betting companies should only be owned 100% by Kenyans. No foreign betting companies.

What is worse, with the taxes, gamblers are being forced to put in more money because they earn less and play riskier odds so they can make up the losses to taxes.
 

upepo

Chief Lister
No it doesn't. You are basically pushing for a welfarism mode of governance which perpetuates laziness and makes it difficult to promote frugality in a society.
Governments must do their job which is simply to create an enabling environment by upholding the rule of law. Period! Stop this foolishness that is majorly based on the mediocrity we find ourselves in.
Did you pay for your education at every point? Have you been paying for medical services all your life? Do you pay for every road you use? Have you seen the government giving subsidized farm inputs to farmers? Why do you think the government does all this?
 

upepo

Chief Lister
If the issue was shuttling monry out of Kenya, the mandate betting companies should only be owned 100% by Kenyans. No foreign betting companies.
You cannot do this in a liberalized economy. You cannot even out-rightly ban the firms without inviting legal action, unless you ban all forms of betting, including casinos.
 

upepo

Chief Lister
What is worse, with the taxes, gamblers are being forced to put in more money because they earn less and play riskier odds so they can make up the losses to taxes.
With the taxes, the masses have been dissuaded from betting. Those with extra money can continue without hurting the economy.
 

Denis Young

Chief Lister
With the taxes, the masses have been dissuaded from betting. Those with extra money can continue without hurting the economy.
My handy man and his buddies still bet despite the taxes. It is an addiction for most. That is why even if the government increases taxes on alcohol, people still buy it or seek cheaper and sometimes illicit substitutes.
 
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