« Government Incompetence Damaging Abaco's Environment | Main | Religion & Apartheid in the Middle East »

March 13, 2007

Comments

drew Roberts

"This policy will create a multitude of problems for The Bahamas for many years to come."

Yes it will. I think large mistakes are being made.

There is one thing I seldom see discussed with relation to this issue though and I think it does play a part, I am not sure how large. though.

When it comes to the out islands, bahamians do not pay property tax and non-bahamians do. This leads to a conflict of interest where the government, for tax purposes, would prefer the land to be owned by non-bahamians so that the land will generate revenue for the government.

Would anyone care to comment on this and then discuss the whole issue further?

all the best,

drew

http://www.youtube.com/watch?v=ls1QealrmLk

will

What frightens me is that the plp has no statment on this, they just ignore it everytime its raised or say oh well the fnm gave away land too. This must become an election issue! These land give aways are obviously benefitting certain members of the government who think the natives of our islands are too stupid to catch on or to desperate for investment to care it is the result of years of neglect, in the 1990's the bahamas development bank could have lent small sums to aspiring bahamian hoteliers. helped them develop bussiness plans and build small locally owned hotels. but no theyd rather give land on mass to companies who are blantently useing the bahamas!

drew Roberts

And they also turn around and put up roadblocks to deter us from taking our money and investing as we see fit in other countries.

That is another thing that is long overdue for correction.

all the best,

drew

http://www.youtube.com/watch?v=ls1QealrmLk

David

Both PLP and FNM govnt's have grappled with this dilema. One can argue that the negative side is that it prices natives (though we're not Lucayan nor Arawaks, but I'll use the term "native")out of the real estate market. But for years Bahamians were uninterested in the Family Islands. Many of us left the our rural beginnings for the fast-paced high stakes glitz of Nassau while turning our backs on where we came from. Now we want to go back for regatta dis, and fest dat. Now we want to claim Cat Is, Ragged Is., Oh! my Andros....I could go on and on. If we are to become "Global Citizens" and claim our stake in this global economy, there are pros and cons. Bahamians need to step up their game and unleash the inner talents of industry I know us to pocess. Pennsylvania Ave. (Wash. DC) maybe owned by America, but Park Ave. (NYC) surely isn't. If we want to play in this global monopoly game, we'd better do our homework and step up our game. Don't let both FNM and PLP blind you by this outcry about selling out the Bahamas. Both parties would do it regardless. Instead both parties should be creating ways for Bahamians to get in on the game. It's amazing how both parties and the "black" Bahamian Elite keep us Bahamians polarized on insignifacnt issues while they go on setting up their lil under the table deals and what not while you and I fight over the lil peice a cheese they throw out from time to time. If it's one thing that rings true in this world wherever you are and that's "MONEY TALKS, BULLS*T WALKS". Release yourself from the B.S. Foulkes is one a dem too.

drew Roberts

"If we are to become "Global Citizens" and claim our stake in this global economy, there are pros and cons."

So, get rid of the "investment dollar" and set us free to invest where we may on as equal a footing as other country's governments will allow. Then fight on our behalf for those governments to level the fields.

I assume that block is still in place. I certainly haven't heard of it being repealed.

all the best,

drew

http://www.youtube.com/watch?v=vcaf2ThG7q4

Laurie D

The Bahamian government needs to get out of this current economic model which involves the cheap sale of land (at least sell the Bahamas for what its worth)in the country.They supposedly creating "jobs" in our country which these investors make three times their initial purchase of land on.Tourism is the number one industry in the country, not everyones calling is to be a taxi driver, housekeeper, or straw vendor and they also call on bahamians to be entrepreneurs, rather this encourages them to saturate the already overly service tourism sector by catering to the needs of these hotels. One of the characteristics of a developed country involves the development of the country by in large part by its citizens and not primarily foriengers. I mean when is the government going to realize this type of model is not condusive to long term economic growth within the country.Both the current government and the opposition need to look at whats in the best interest of the country and not their own personal gain, or gaining momentum in the race during the political season. This current model is deeply disturbing because soon at this rate there will be no land in the FUTURE for Bahamians to live and invest just enourmous hotels and resorts that facilitates the oh so cherished jobs in the country

David

Laurie D/Drew

Point well taken. I agree. Until we stop looking at this as an FNM or PLP-created problem, it'll never change. Bahamians are some of the most intelligent people on the planet, but the present culture nueters our industrious spirit. Like you said, we are bred and educated to be someone's waiteress, butler, housekeeping, resort specialist, cook, etc.. How can we break that glass ceiling?

Bob Knaus

More food for thought: recognize that not all foreign investment is equal.

Want better jobs than the tourist industry offers? Easy. Let foreigners start businesses in desirable sectors (tech, pharma, logistics, whatever) with no restrictions on hiring 1st-world foreign workers, and no requirement for a Bahamian investment partner. These businesses will bring in a few high-salaried experts from the US & Europe, and fill the rest of their slots with Bahamians. Bahamians will learn the skills to compete globally through hands-on work. Eventually some of them will start businesses of their own.

Do you, as a Bahamian, find the concept of working for a foreiegn firm with foreign bosses to be offensive? Think long and hard. This is exactly what your best and brightest do when they go to college in the US/Canada/UK and don't come back. Would you rather the brain drain continue? Or can you see that swallowing your pride might just get you out of the tourist industry trap?

There is no easy way to get ahead, no way to leapfrog to prosperity. It is work, hard work. I speak from personal experience.

drew Roberts

"Do you, as a Bahamian, find the concept of working for a foreiegn firm with foreign bosses to be offensive?"

Nope, done it, not a problem for me. Especially since I have never considered myself to be somehow inferior to those who have been my bosses nor superior to others I have happened to be the boss of.

"Or can you see that swallowing your pride might just get you out of the tourist industry trap?"

I am not sure what pride you are referring to. I am not sure where you are from either Bob.

The particular issue I have hit here is that while many who come here to invest do not need the permission of their governments to bring their assets here to invest, our government requires us to get permission to take some of our capital to other countries to invest, and the last time I checked, required a hefty percentage of us when they gave that permission.

We are not "Free" by our own laws to get in the global game. And we seem not to be concerned enough to insist our "leaders" set us Free to do so.

"Let foreigners start businesses in desirable sectors (tech, pharma, logistics, whatever) with no restrictions on hiring 1st-world foreign workers, and no requirement for a Bahamian investment partner."

And...

"Would you rather the brain drain continue?"

Actually, I have suggested in the past and will suggest again here. We have a unique advantage here with respect to something like that...

We should take ONE good sized island and implement your plan for that island only. This could be a controlled experiment. We can see if that island does better than the others. We can see if it is better for Bahamians on that island than on the others.

But what I am really calling for in this thread is for our givernment to set us Free to take our capital and play in other people's countries.

all the best,

drew

http://www.youtube.com/watch?v=vcaf2ThG7q4
UFO seen in skies over Winton!

Roddy Lawson

I am interested to hear from anyone who has invested or had dealings with Beka Developments regarding the Boucaan development.

Please contact me at roddylawson@hotmail.com

The comments to this entry are closed.

Become a Fan

Welcome

  • Bahama Pundit is a group weblog that publishes the work of top Bahamian commentators. We welcome your feedback. You may link to this site but no material may be reproduced without permission.

Email this blog

Global Village

  • Global Voices Online - The world is talking. Are you listening?

Site Meter

Blog powered by Typepad
Member since 09/2005

Enter your email address:

Delivered by FeedBurner