Max Getuba retweetledi
Max Getuba
845 posts

Max Getuba
@GetubaMax
Substack Creator @ The Impactful Capitalists | We are on a mission to elevate the culture of enterprise in Africa
Kenya Katılım Eylül 2022
326 Takip Edilen72 Takipçiler
Max Getuba retweetledi

@MwangoCapital So stupid for the government to pay 18% tax less interest for infrastructure development or anything else. It’s a complete scam to pay such high interest rates for infrastructure, and we, the taxpayers are the ultimate victims.
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Btw IFBs were meant to fund infrastructure development but are now just used to fund government recurrent spending
Mwango Capital@MwangoCapital
Treasury CS on IFBs: "You're earning 18% from a bond, and you're paying zero tax. Yet someone who earns very little money by selling fruits on the roadside pays tax. Is that fairness? It is not. There are taxes that we must discuss" Looks like IFBs will be taxed.
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@AfroEconomicus There’s no evidence of geopolitical factors contributing to this.
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@francis_ngannou Congratulations champ! You’re an inspiration for all of Africa!
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The real problem is that after decades of so called progress - these commodities are still our biggest exports. It’s the failure of the government to craft sustainable plans for industrialization, and the influence of the unholy trinity of the imf, world bank and wto that are keeping us here.
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Debt will kill this country if we are not careful. Fortunately, debt is seen a proportion of GDP. So what really matters is our ability to create and sustain rapid economic development. That is done through industrial policy - which is policy that directly protects and nurtures local industries, creating opportunities for local entrepreneurship, and highly productive jobs. Why haven’t we done it yet? The unholy trinity of the world bank, imf and wto have made it impossible since the majority votes of the developed countries enable their corporations to make policies in developing countries that are only beneficial to them.
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@elonmusk Hoping that you clear away the undemocratic deep state, and free America and the world of their corruption.
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The real problem is that private debt is too expensive for the government - and this taxpayers. It causes financial repression since it takes away critical investable capital from the private sector, and puts it all into the government… that’s why bank loans are too expensive for businesses to use them for investment.
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The proposed change in law to start taxing infrastructure bonds at 5% doesn't make sense. IFBs were made tax-free in order to make it easy to raise funds for infrastructure development. The Treasury CS's view that this is unfair since other people pay tax is as good as saying that we should do away with IFBs.
The problem we are having is that the government is using IFBs to raise money for recurrent spending. This indiscipline and abuse of the IFB concept is what needs to be addressed. IFBs were never intended to be a tool to deal with the government's fiscal pressures.
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@LarryMadowo @KRACorporate Shameful, what this government is doing. Tarnishing the dignity and name of the country.
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@BD_Africa Then four years ago when Trump lost, his trade deal with Kenya was thrown into doubt cause Biden was president.
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@jumaf3 Kenya and many other developing nations spend more on debt than education, health and other essential government services combined, unfortunately. Most of Africa’s debt is owed to Western financial institutions.

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@chamath Fake intellectuals and activists - take them off the public airwaves.
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@iamkathambi I don’t understand this unscientific suspicion of GMOs. No health risks have been linked to them. Also GMOs yield more food, which can lead to lower prices and less starvation. It’s pretty obvious when you look at the facts
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@ephraimnjegafan @WilliamsRuto The problem is bigger than any one person, it’s a destructive ideology called progressive neoliberalism that supports corporate interests of the most powerful organizations in the world.
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@BillAckman @KamalaHarris She barely got through the interviews, we have to expect less
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