Thursday, December 22, 2016

This Gentleman Should Be Commended for His Accurate, Candid Response

Credit: Trinidad Express

Related Article: Law Abiding Citizens Should Be Granted Easier Access To Firearms

The recent incident where a knife wielding home intruder was shot a killed by the owner who happened to have a licensed firearm highlights the urgent need for law abiding citizens to be granted legitimate access to firearms. In this regard state policy should be adjusted to immediately remove the bureaucracy in sourcing firearms for law abiding citizens. 

Undoubtedly, the current system which frustrates licensed firearm applicants ensures only the politically connected, the wealthy business class, criminals and on duty police officers can carry firearms. This scenario emboldens criminals because they know that law-abiding citizens are unarmed and powerless to defend themselves. Consequently the majority of Trinbagonians are potential victims.

Read the rest here:

Monday, November 14, 2016

Unfounded Caribbean Frenzied Fear Over Mass Deportations from US

Trinidad & Tobago and the wider Caribbean are again being misled by the liberal US media (who predicted a Hillary Clinton win) by anti-Trump propaganda regarding deportation. 

People in the Caribbean would be surprised to know between 2009 and 2015 the Obama administration removed more than 2.5 million people through immigration orders, which doesn’t include the number of people who "self-deported" or were turned away and/or returned to their home country at the border by U.S. Customs and Border Protection (CBP) -more people than any other US president in history. 

To put it in perspective the Obama administration has deported more than the sum of all the presidents of the 20th century.

Trump's recent statement on 60 Minutes that he plans to first focus on deporting the 2 million to 3 million alleged undocumented criminals in the US is likely to mean he will largely turn a blind eye to undocumented workers. 

Let not thy hearts be troubled. Indeed expect Trump to naturally adopt a softer pro business stance of not coming down hard on undocumented workers.

Thursday, November 3, 2016

Trinidad & Tobago Doesn't Need A Public Sector Wage Freeze - It Needs Public Sector Wage Cuts. STAT!

If the state doesn't quickly awaken to this reality the entire country will experience perpetual collective wage cuts via further devaluation of the $TT that will be even more painful and protracted.

The thousands of "public servants" who quite frankly do not add value need to be immediately released into the private sector to serve and add value to their fellow citizens in a meaningful way. An added benefit of the above would be that the collective work ethic in Trinidad and Tobago would improve

Apart from currency devaluation if T&T doesn't get its act together and pursues IMF financing and its consequent conditionalities the IMF will come in and publicly "dress us down". We should get our house in order rather than have the forex market and the IMF do it for us. 

Tuesday, November 1, 2016

Why Venezuelans Coming to Trinidad Illegally Isn't Such a Bad Thing

We should have have no objections to law abiding Venezuelans or any immigrant for that manner coming to Trinidad & Tobago to earn an honest living. As according to the Nobel Memorial Prize economist Milton Friedman. "Illegal Immigration Only Helps When Its Illegal".

Wednesday, October 26, 2016

Coercing Trinidad and Tobago's Citizens to Buy Local Unethical

Any Trinbagonian who earns their income honestly, that income is theirs to use as they choose. They may use it to buy foreign tomatoes or tomatoes from a Trinidadian farmer. 

It’s their money -this principle forms the foundation of property rights. Their income belongs neither to the state nor to any local producer of tomatoes. Yet protectionist and nationalist arguments rest on the premise that local tomato farmers have some positive claim a Trinbagonian's income. 

If you are prohibited from buying foreign tomatoes or – disciplined with a tariff or duty for doing so, the state is insisting that local tomato growers have an ethical claim on part of your income.

Its about time these false arguments are abandoned. They are put forward not for the good of the farmer; but for the good of the state -who salivates at the notion of increasing gov't revenue while promising a voting constituent (in this case local farmers) something for nothing. 

Tuesday, October 25, 2016

The Process of Voluntary Exchange Tends to be “Civilizing”

By Don Boudreaux
Quotation of the Day… is from pages 373-374 of Benjamin A. Rogge’s 1967 essay titled “East-West Trade,” as this essay is reprinted in A Maverick’s Defense of Freedom, the 2010 collection of Rogge’s essays that is edited by Dwight Lee:
The process of voluntary exchange tends to be “civilizing” in its social impact on the parties involved, including a greater awareness of each other’s basic humanity and a reduction in sheer uninformed prejudice. This civilizing influence, combined with economic interdependence created by trade, tends to reduce conflict between the parties involved and to make for more peaceful relationships, both within a country and between countries.


The exact opposite occurs in a Trinidad & Tobago government office where by decree interaction with a nameless, rude, obstinate public servant is hoisted upon the individual by force and compulsion leading to constant conflict and frustration.  (Think Wrightson Road, Port of Spain Licensing Office)

Bottom line: the bigger the role government plays in society the more uncivilized it becomes. As the Trinidad & Tobago state grows expect more incivility. 

Wednesday, October 19, 2016

T&T's Incremental Income Tax of 30% on Income Above $1 Million Misguided....

Incremental Income Tax of 30% on Income Above $1 Million aka The Tax to make the Trinidad & Tobago economy even more uncomfortable for the persons who are the most productive, take the most risks, add major value and/or create the most jobs.

Apparently these same miscreants need to "pay their fair share"

Sadly budgetary policy based on class war fare and envy is now the order of the day.

P.S. these higher income earners who obviously are quite sophiticated with find find creative ways of legally avoiding the tax e.g. larger expense accounts, paid vacations, company vehicle, company housing etc.

Wednesday, October 12, 2016

Anaemic T&T Economy Suffering Under Bloated Government

Trinidad & Tobago's economic troubles are simple. There are too many people ridding in the wagon and not enough people pulling the wagon. Of course the ones ridding in the wagon are the politicians, the politically connected, government contractors, "public servants" etc who consume resources but not produce. 

Even worse are the bureaucrats who further drag down the economy by impeding productive citizens via rules, regulations and policies they dream up. In years past the largesse could have continued fairly unnoticed; however now that the country's resources have become ever more scarce the the problems are becoming even more glaring. 

Looking for "additional sources of government revenue" is not the solution; rather reducing the parasitic nature of state is the appropriate and moral option. 

Thursday, July 14, 2016

Child Labor and Globalization

Nothing wrong in buying goods produced with child labour. Best way to "save the children" is increased trade with countries with child labour. 

Monday, June 27, 2016

Formal education isn't for everyone--Thomas Sowell

How Education Gets Watered Down in a Government Controlled Education System

Thursday, April 14, 2016

The Truth About the Trinidad and Tobago Economy

The Trinidad and Tobago economy is spiralling downward; and while the government of the day attempts to arrest the situation they fail to fully grasp the real cause of our anemia. 

At the core of our economic deficiency is not low energy prices. This is tantamount to an over weight person commenting that the cause of their obesity is high caloric food. No. The cause of your obesity is your indiscipline and lack of self restraint -as politically incorrect as it may sound. In other words behaviour and character flaws of the person or country in question must be identified not exogenous factors. 

Trinidad and Tobago has a simple problem which is not being identified by politicians, bureaucrats and intellectuals who all feed at the TTTT the Trinidad & Tobago Treasury Trough in some form or fashion and have a vested interest in maintaining the status quo. 

Tuesday, March 22, 2016

Median US Household Income for Various Ethnic Groups

Culture, the content of your character and work ethic more important and skin colour. 

Via NYT:

There are some black and Hispanic groups in America that far outperform some white and Asian groups. Immigrants from many West Indian and African countries, such as Jamaica, Ghana, and Haiti, are climbing America’s higher education ladder, but perhaps the most prominent are Nigerians. Nigerians make up less than 1 percent of the black population in the United States, yet in 2013 nearly one-quarter of the black students at Harvard Business School were of Nigerian ancestry; over a fourth of Nigerian-Americans have a graduate or professional degree, as compared with only about 11 percent of whites.

Monday, March 14, 2016

Arcelor Mittal Should Die a Natural Death

In short, Arcelor Mittal should go into bankruptcy and all its assets frozen and put up for sale to recoup funds necessary to pay its creditors without any government involvement. 
As with normal bankruptcy proceedings investors, creditors etc. would have to join the pecking order to receive portions of outstanding debts. 

No pumping of tax dollars into a failed company, no tens of millions of dollars on a moot commission of inquiry with high priced lawyers, no selling of assets at discounted prices to political friends, no corporate welfare or bail out. 

Surely, workers would permanently loose their jobs but this is the risk involved in operating in any market place. 

Workers are now free to serve other citizens of Trinidad and Tobago's market place - i.e. a form of "creative destruction".

When it is all said and done; poor assets would have rightly been liquidated and other entrepreneurs would have the opportunity to purchase these assets and apply a more sound business models. 

Note well that failure also serves as a warning signal to other companies to avoid undue risk and mismanagement. 

P.S. This philosophy should also apply to state companies.

Monday, February 8, 2016

The Truth About the Zika Jumbie

Would recommend persons in Trinidad and Tobago watch this interview before they frantically consider aborting babies and/or delaying child birth due to the supposed Zika jumbie hiding under our beds. 

James Corbett is a respected alternative media source while Jon Rappoport is an award winning investigative journalist. Well worth viewing. 

The Truth About the Zika Virus: Jon Rappoport on The Corbett Report

Thursday, January 14, 2016

Political Correctness Doesn't Trump Property Rights

On the night of Friday Dec 11th, Aria Lounge staff on Ariapita Avenue denied the “ladies only free entry 9.30—10 pm” policy to a female club patron, because, according to the club said she was “projecting the image of a man” and therefore had to pay a man’s admission fee.

In short, Aria should be defended over its decision to deny entry for what ever reason to any potential patron it doesn't want on its premises. The debate that should be had which all the "legal scholars" and opinion leaders have not acknowledged is the nature of private property rights. 

Society and civilization doesn't work when one or more rambunctious persons seek to use a mob or the strong arm of government via political correctness to diminish the property rights of another.

Do remember that that the very essence of property rights postulates that ownership must include the ability to exclude others from using ones property. 

Therefore if a homeowner or club owner or grocery owner cannot exclude others from the use of his property then the owner does not actually own it, for without the right to exclude, the “owner” is reduced to little more than a hapless caretaker.

Wednesday, January 13, 2016

Asking a Woman’s Father For Her Hand In Marriage

By Brett and Kate McKay
So you’ve stopped hanging out with women and started dating them. Consequently, you’ve found a woman who has become your best friend, and you know she is the one. Things have been serious for quite some time now and you’re ready to take your relationship to the next level: marriage.
One tradition that has been slowly fading away from Western society is asking a woman’s father for her hand in marriage. Many argue that the whole idea smacks of sexism and chauvinism and harks back to times when women were treated like chattel.
Whatever. I think it’s just respectful to ask your future bride’s father for his blessing as you start down the path towards matrimony. It lets your girlfriend’s father know that you’re sincere in your intentions and a true gentleman. It’s an important tradition, a rite of passage, and a bonding experience between you and your future father-in-law. Plus, most women we asked think it’s a sweet gesture.
But it’s no easy task; the experience can make any man a nervous wreck. I remember when I had the talk with my father-in-law; I was sweating bullets. Hopefully, the guidelines that follow will help ease the stress and make the experience bearable if not enjoyable.
1. Talk to your girlfriend first. Before you go and sit down and talk man-to-man with your potential father-in-law, make sure you and your girlfriend are on the same page as far as the whole marriage thing goes. Is she ready to commit? Does she even want to get married? If so, how soon does she want to get hitched? You don’t want to get your girlfriend’s father’s blessing to marry his daughter, just to have his daughter turn you down when you propose.
2. Try to meet him before you ask. If it’s possible, try to meet your girlfriend’s parents a few times before you decide you want to marry her. While my wife and I were dating, I had the opportunity to visit her parents on several occasions. I got to know them rather well before we got engaged. It made sitting down with her dad and discussing my wish to marry his daughter a bit easier because we had already established a relationship. Again, not all situations will allow this, but if you can, do it.
3. Sit down with him man-to-man. There are several ways you can go about this, and I think it all depends on what kind of man your girlfriend’s father is. Consider taking him out to dinner or going to a bar or coffee shop. Breaking bread with him might make the situation a bit more comfortable. If that’s not a possibility, during a visit just ask if you can speak to him in private. If her dad lives far away, try to time the conversation for a trip home which has already been planned, perhaps during the holidays. If this is not possible, it’s okay to conduct the talk over the phone.

Read the rest of the article.

Thursday, January 7, 2016

Debunking the notion: "Better salaries for MPs could reduce corruption"

Expert: "Better salaries for MPs could reduce corruption" 
"This is the hypothesis of parliamentary oversight expert and World Bank consultant Prof Rick Stapenhurst, who delivered a lecture on Tuesday evening at the Hamilton Maurice Room, ­Tower D, International Waterfront ­Centre, Port of SpainIn response to a question on whether there was a correlation between increased compensation for MPs and a reduced level of corruption, Stapenhurst said: “I would think so.""Via:
Government essentially a high priced auction
While attempting to eliminate or reduce corruption is a noble endeavor paying "Public Servants" higher salaries is not the solution. 

On the contrary the very nature of government ensures corruption will remain a pervasive scourge on Trinidad and Tobago.

A higher salary would never be enough compared to what rent seekers are willing to pay to get politicians to act in their favour. 

The flawed political system essentially bestows inherent power upon politicians to disburse massive tax revenues at the discretion of the politician. They have the power to award and cancel contracts, give hand outs, approvals and special favours. 

What should be done therefore to mitigate this unpleasant reality? Shrink the power, scope and size of the state, thereby limiting the politician's ability to dole out favours and tax payer dollars at their discretion. A gradual move to a less centrally planned more free-market environment with smaller government, would lead to less corruption in the distribution tax dollars.

Wednesday, January 6, 2016

Milton Friedman: Illegal Immigration Only Helps When Its Illegal

In the T&T context because of the limited availability Trinidad and Tobago workers due to generous social welfare programmes and make work programmes like CEPEP illegal Guyanese, Jamaican and Indian workers etc end up filling employment vacancies.