Sunday, December 21, 2008

Why Government is Awash With Cash

Because it has been taxing us to death (we've been paying way too much for everything including oil prices since Sithanen returned as Finance Minister in 2005), has cancelled personal exemptions with the dumb flat tax (an independent study recently confirmed that) and has been budgeting billions without actually spending them (Empowerment Fund spent only Rs 400 million over two years instead of the Rs2 billion budgeted and I wonder what percentage of the last three capital budgets has been spent). 

Ramgoolam obviously doesn't know what he is talking about when he's saying that they got all this money from the so-called 'reform'. Or is he taking us for a bunch of idiots?

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