Fri 30th Nov 2018


The economy gone!

The economy gone! This is the cry that is being heard all around the country.

Many businessmen and businesswomen have told Warrant Officer Ivan O’Neal BSc (hons), MSc, MBA, that the ULP regime is out of its depth and the economy is gone. They are disappointed with the ULP regime which has been a big failure to our people and our country.

Business owners complain about the same thing: lack of customers and lack of sales. Their businesses are struggling and many are being forced to close. The sales figures for some businesses are in a worse position than 40 years ago.

It must be said that our graceful country has been mashed up by this incompetent government.

The people have zero confidence in the ULP regime’s ability to create a strong and sustainable economy. Just recently, on Monday 19 November 2018, a senior and prominent businessman said to Warrant Officer Ivan O’Neal BSc (hons) MSc, MBA ‘tell Ralph the economy gone’.

It is quite amazing that in this day and age, a government can give away more revenue in tax exemptions than it puts into the Treasury. The super-rich, white migrants in Mustique and Canouan and the dirty dog Taiwan pay no tax or customs duty to the SVG Treasury.

According to Warrant Officer Ivan O’Neal, who has a BSc (hons) degree in Accounting and Finance and Economics at Brookes University, Oxford, England, we cannot build infrastructure, provide high-quality healthcare and provide free, high-quality education from pre-school to university, if we put peanuts in to the SVG Treasury and give away billions in tax exemptions.

Gonsalves' economic strategy of begging and borrowing from around the world is an economic failure. It has caused our country to continually have a fiscal deficit and massive public debt. The situation is totally unacceptable; Gonsalves must resign for his gross incompetence and warped policies.

No country can progress positively without competent leadership. All countries with strong economies have strong leaders. Leaders have to be visionary, creative and must know their subject. The leaders in SVG are confused and incompetent; consequently and sadly, our economy gone and the country is falling apart.

Rather than begging and wasting of taxpayers' money on useless projects, SVG needs a government focused on building a revenue base and mass employment. A Green government would focus on utilising SVG's indigenous resources for agro-processing, exporting fresh drinking water, creating an Atlantic Ocean tuna fishing and processing industry, renewable energy production and educating the people with our own SVG university.

We must urgently change direction from negative thinking to positive development. Businesses need a strong economy for them to flourish. In SVG, the economy is dangerously weak. No money is circulating and the high taxes, such as VAT, are punishing businesses.

Small businesses are the beating heart of a healthy, strong, growing economy. SVG businesses need a strong economy in which to grow. We need money to be circulating in SVG.

The economy gone! The economy gone!

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