EDITOR, The Tribune.
An international report places The Bahamas as Number six as the most expensive places to live. Is it equitable - fair?
Government is unwilling to increase minimum wage… a year ago they increased VAT to 12% and last quarter say they increased collections by a whopping $130m 33.7%. If VAT was up we must have imported considerably more than the previous year.
Excise up $20m plus…Trade Taxes up $30m…Gaming wow up $10m…Motor licensing basically same...Business Licence only up $4m (how that can be with VAT up so much and Trade and Excise also?)
Food most today has no duty but hard as hell to leave store without a $110 bill… Electricity, oh yes, the mostly costliest in the Caribbean… Clothing 100% over Miami as most other things… Diesel and Gasoline 100% more than Florida.
Air travel basic flying is probably no more than $10-$12.00, but Taxes and PSF/service fees and the US Pre-clearance pushes that up… Health costs out of control… insurances so high we really can’t afford them, but the property insurers want to make it compulsory after mortgage cleared that we all have cover – whose got $1,600-3,000.00 a year without Comprehensive…
As they would say the list goes on and no relief! It is a miracle so many survive!
February 5, 2020.