Monday, September 30, 2013

How Much Do YOU Pay in Taxes?

How much do you pay per year for the privilege of "being governed"? 

Unfortunately its a lot more than you think. Most citizens except those who have clawed their way to the elite political class do not receive a commensurate value in government services for what they pay in taxes. 

The main reason for this is that the political system essentially bestows inherent power upon politicians to disburse tax revenues at their discretion with no real oversight; therefore resources go to the highest bidders or the politically connected. In addition, care or concern for value in spending tax payer dollars is thrown out the window as bureaucrats spend other people's money that they are not personally responsible for. 

Monday, September 23, 2013

T&T Government To Use Drones to Fight Crime - Probably not.

As a rule whenever the government engages in supposed security related surveillance of citizens its primary purpose is never to safeguard the public but rather to protect itself. It does this so as to maintain its monopoly power over its respective geographical boundaries. 

With these drones similar to other security surveillance tools (wire tapping, blimps, interceptions of physical or electronic correspondence etc.) will be used to gather intelligence on anyone they determine a threat to their monopoly power. These threats include regular citizens who are in opposition to their policies or who may have intentions of exposing embarrassing rampant abuses of political power. The surveillance will ultimately be aimed at those this or future regimes wishes to tame, destroy or extort. 

Thursday, September 19, 2013

Seven Perverse Effects of Free Tertiary Education in Trinidad and Tobago

They say the things that come for free can be the most expensive in life. This truism couldn't be more true when applied to tertiary level education in Trinidad and Tobago. 

Students are enticed by the prospect of getting something supposedly extremely valuable for free, but unfortunately government involvement in the tertiary education market has tremendous unintended consequences to the ultimate detriment of students. 

1. The Government Assistance for Tuition Expenses (GATE) programme fosters systemic underemployment among graduates, where employment opportunities are insufficient to the education level of graduates

The graduate's newly acquired skills paid for by the tax payer therefore go unutilised. This is a phenomenon that can be very frustrating for graduates especially after dedicating extensive time and energy to attaining academic credentials.

Monday, September 9, 2013

Property Tax - A Tax To Merely Exist

Should a band of twenty nine (29) be able to unilaterally decide to confiscate dues and charges from 1.3 million supposed subjects by way of a property tax?

The imposition of a property tax is the exercise of power without moral limits even whilst citizens are  already taxed unnecessarily on their income, spending and by inflation due to the Central Bank's exponential expansion of the money supply. Even more infuriating is the fact that most tax resources are inefficiently squandered or syphoned to the politically connected.