Welcome to the newly Finsac'd/taxed

Tuesday, April 29, 2014    

Print this page Email A Friend!


Dear Editor,

We read and listened with very mixed emotions the varied comments on the Ministry of Finance's plans for new taxes to fill gaps/caverns in his 2014/2015 budget.

W, however, have not heard a single mention of the word Finsac, that which has lead the country to the economic state it enjoys today — a state of mendicancy brought on by its incompetent leaders. It's as if that word Finsac has been forbidden or forgotten.

We, the over 40,000 businesses that got Finsac'd in 1990s, were not fortunate enough to be taxed so we could opt to use or not use our credit debit cards. No options were given to us. Our bank accounts, including but not limited to chequing accounts, escrow accounts and all assets (properties, cash funds, etc) were used and misused and swept away into foreign oblivion.

We were, and still have been, unable to recoup any funds and/or assets to this day. No one has explained to us, only a notice by a foreign entity claiming that our properties are about to or have been disposed of and all proceeds dispatched to foreign lands.

Today, under the same government, most of the original Finsac'can no longer afford credit/debit cards. Most of us do not even have a bank account, so fortunately — or unfortunately depending on whether you're standing in Dr Phillips' shoes — we may be exempt from these new taxes. We have very little to contribute to Dr Phillips' 'hold down tek weh' trough.

So we now say to the rest of Jamaica, "welcome to the lifestyle of the poor and Finsac'd. Dr. Phillips has given new meaning to the term "disposable income". Should you need some survival guides on staying alive without the luxury of food, even water at times, a home, a job, a business, all without the use of a deadly weapon, please call us toll-free and tax-free at 1-800-fin-sacd. You have now become the new FINancial SACrificeD.

The moral of this story to the newly Finsac'd: We played by the rules, we got shafted. You continued playing by the rules, now you're getting shafted. As Dr Phillips continues to play by the IMF rules, he will soon get shafted.

Yola Gray Baker

Kingston

ADVERTISEMENT

POST A COMMENT

HOUSE RULES

 

1. We welcome reader comments on the top stories of the day. Some comments may be republished on the website or in the newspaper – email addresses will not be published.

2. Please understand that comments are moderated and it is not always possible to publish all that have been submitted. We will, however, try to publish comments that are representative of all received.

3. We ask that comments are civil and free of libellous or hateful material. Also please stick to the topic under discussion.

4. Please do not write in block capitals since this makes your comment hard to read.

5. Please don't use the comments to advertise. However, our advertising department can be more than accommodating if emailed: advertising@jamaicaobserver.com.

6. If readers wish to report offensive comments, suggest a correction or share a story then please email: community@jamaicaobserver.com.

7. Lastly, read our Terms and Conditions and Privacy Policy



comments powered by Disqus
ADVERTISEMENT
[if "[var sectionurl]" isnot "video"]
ADVERTISEMENT

Poll

Should the next Police Commissioner be recruited from overseas?
Yes
No


View Results »


ADVERTISEMENT

Today's Cartoon

Click image to view full size editorial cartoon
ADVERTISEMENT