The
last few months, Kenyans have witnessed an ever bulging national debt occasioned
by the need to finance the various capital expenditure projects as envisioned in
vision 2030 however, I tend to opine that the executive is being held captive
by the legislature due to selfish and political interests, the clamor by our
lawmakers forcing the Salaries and remuneration commission to award them huge
pay perks in country where the GDP per Capita is USD 800 only widens the gap
between the have and the have-nots. The president was arm twisted into
accepting their salary this would in return mean legalizing VAT ACT NO 35 meant to tax the poor on
basic needs, this raises another pertinent question will the taxes be used
effectively repay the Chinese loans or shall we as country always revert to
soft target taxation groups while major tax evaders and offenders are let loose,
the so called fat cats take advantage of the political divisions in the country
to advance their imperialist cum capitalist interests.
As
a realist accountant I do concur that capital investments in infrastructure and
energy have multiplier effects on the general populace; however as country we
ought to realize that capital investments only will not spur industrialization
unless the government creates an enabling environment that can effectively fend
off proponents of the flying geese model, a point in case is the recently completed
Thika Eight lane highway that has seen multinational companies such
Pepsi, Foton and the emergence of new Golf Resort Cities e.g. Thika Greens
targeting the affluent while the poor can only be offered jobs that are technologically
dead and low paying , the current and future governments should devise and give
priority to policies that are agro friendly and tech savvy driven by setting special investment deductions incentives for companies and individuals willing
to set up novel local firms with novel
ideas along such infrastructural establishments but this calls for moral respect of intellectual
property laws and investing in quality education.
Lastly
I must commend positively to what our kaka
zetu Tanzania are doing, their
resolve to establish new port in bagamoyo and the port of Dar-es- salam reengineering has given Kenya wake
up call to remove trade barriers along the Mombasa – malaba highway and even
think of a modern railway inter alia that in itself has been demonstrated in the recent meeting between EAC
heads of state member but it begs the question do you have to wait for neighbor
to wake you up - in a nutshell it’s high time Kenyans stopped reasoning along
partisan lines address real issues like the cost of living, immigration,
security ,Education ,devolution as opposed to thinking using their surnames
when indeed addressing their own personal and political interests.
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