Broke, entitled and extravagant: An odd trinity that may sink the nation - News Summed Up

Broke, entitled and extravagant: An odd trinity that may sink the nation


One would be forgiven to believe the ‘Waheshimas’ really care for the welfare of their electorates to stage such a drastic measure. You can only be from Mars to believe it is all about bursaries for children of the poor voters. Despite credible advisory from experts and sustained protest from the electorates and businesses alike, the political elite ignored them all. More fundamentally, this argument flies against the well-established theory in international economics and international political economy of the impossible trinity, commonly referred to as the Trilemma. How can policy choices ignore tax revenue falls in strategic baskets like VAT, PAYE, fuel levies and sin taxes?


Source: Daily Nation December 08, 2023 21:05 UTC



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