EDITOR, The Tribune.
Hubert Ingraham sold BTC for effectively $148m to people who themselves valued it at $1.3 billion – after firing nearly a thousand Bahamians; he handed a captive market comprised of the population of New Providence to a monopolised commercial port that will further enrich a small number of already rich people; and he removed the main protection Bahamians once enjoyed over preferential access to land resources, replacing it with an utterly paradoxical high price/low tax real estate regime catering to rich foreigners – in a country that he left with a $150 weekly minimum wage.
Yet today, even with hindsight, his only reaction to accusations of “bad public policy” is to enter a picayune debate focused on one land deal in South Eleuthera.
Talk about missing the big picture.
ANDREW ALLEN
Nassau,
December 12, 2021
Comments
birdiestrachan 2 years, 5 months ago
The question does the Bahamas have to pay the shareholders 51% from our foreign reserves.
The FNM Papa stood on the house floor and he said Bahamians need not apply they will mess it up, Then he grinned and all of the FNMs grinned with him
he was telling the Bahamian people that they were not as good as the people to whom he sold BTC.
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