Articles

Fri 13th Sep 2013

The white, super-rich must pay property tax, as black Vincentians do

The new property tax is upon us, but we have to ask: are the white, super-rich of Mustique and Canouan paying it? As black Vincentians suffer under this new property tax, are the white super-rich being let-off?

Under the new Property Act in SVG, the charge one has to pay is 0.08 of 1% of what your property is deemed to be valued at. So, if your property is valued at $100,000, you will pay $80 per year, and if your property is valued at $1,000,000 you will pay $800 per year.

Mustique has many super-luxury properties, most with swimming pools and some a golf course. Apparently, recently a pop star bought one for about $24 million.

Mustique land and properties are conservatively estimated to be valued at about $5 billion dollars. Based on this estimate, the white, super-rich of Mustique should pay the SVG Treasury 0.08 of 1% of $5 billion, which is $4 million dollars a year in property tax.

Canouan land and property at Canouan resort is valued at about $1.25 billion dollars. Based on this, the white, super-rich of Canouan should pay the SVG treasury $1 million every year in property tax. Combined, this is $5 million a year.

With this $5 million a year collected from the white, super-rich parasites, we could provide all school children with free school books and free uniforms. For the sake of our children, this property tax must be collected from the white, super-rich of Mustique and Canouan.

Many poor parents cannot afford to buy their children books, uniforms and even shoes. We must help all children and ensure all children get free school books and free school uniforms.

This second phase of colonialism in SVG is immoral, unconstitutional and punishes the poor. The differential laws giving the white, super-rich of Mustique and Canouan blanket customs and tax exemptions must be abolished.

This economic apartheid system is being pushed down the throat of black Vincentians. Our people are being made to suffer for no reason. The white, super-rich parasites of Mustique and Canouan must pay the new property tax.

What is the basis on which the financially incompetent ULP regime grants blanket tax and customs duty exemptions to the white, super-rich in Mustique and Canouan? If it is the belief of job creation, then let us look at this foolish pretence.

Let's assume that 1,000 persons are employed at an average salary of $1,100 per month. Over a year this equates to salaries of 1,000 x $1,100 x 12 =$13.2 million per year. However, the ULP regime gives away far more than that with the blanket tax and customs duty exemptions - Mustique and Canouan have been exempt of hundreds of millions of dollars in tax and customs duty. Everything these people buy 'including aircrafts and yachts' is tax free.

Any argument that Mustique and Canouan provide jobs in return for exemptions just does not hold water. It is far better to abolish these apartheid laws and collect all the tax due from these parasites. The money can be used to give our children free education, free school books and free school uniforms. The imbalance is too great and more jobs can be created with the tax collected.

The white, super-rich must pay property tax.

SVG Green Party

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