Minister of
Finance Mr. Pierre Laporte went to the National Assembly to present one of the
most anti- business ,anti- Seychellois, anti FDI budgets ever presented to the one party state
National Assembly last week. There was no debate, no value critic, no
amendments made to the budget worth noting.
The gruesome
one party state budget was just ram rod down the throats of the People of
Seychelles from the poorest Seychellois struggling with years of failed
policies under James Alix Michel Administration, to the Seychellois business person
trying to take a chance in this Communist casino with his money.
Foreigners
are now seeing the high end risk factor of investing in Seychelles, after Eden
Island a mega million Dollar project of villas and marinas ended up having Five
( 5) windmills installed courtesy of PL regime, as its view point , destroying
the value of this investment overnight for the poor soul that bought a place on
Eden Island at a premium in the day of promises of heaven.
Now as
usual, PL delivers the hell part of the deal with Five (5) ugly eyesore
windmills towering over the development. PL will likely place Five (5)
windmills next to every single development that ever is conceptualized and
implemented.
If we want
development to work in Seychelles, the first order of the day is to remove
these PL who make the most stupid, idiotic decisions a retard (intellectually
challenged) could ever dream of. Unbelievable!
The Budget
is pretty much the same story, even though Mr. David Pierre (he claims to be
Spongebob that lives under the sea) played it cool and did not debate the matter
in the one party state National Assembly. Play it cool, to keep the cash cool,
right or wrong? Remember this Spongebob your moustache cannot hide your words
of deception to the People of Seychelles. We all see you as clear as the day
and as clear as your head.
The 6% Salary Increase Joke
Did you see
Minister Pierre Laporte dancing the polka with this 6% salary increase just for
government employees? He danced to the right, then to left, swiped his chin and
checked if his feet were still connected to his legs to do this 6% step dance.
In the end, the money he said could not come in January as is usually the case
with an increment, but it will come in the middle of the year, maybe, in
July…..maybe not.
What kind of
minister exposes openly that his government is so weak that it cannot give a 6
% increase in salary or just shut up about it if you do not have the money?
The truth
People of Seychelles, is Minister Pierre Laporte knows we do not have the money
even for 1% salary increase. But INFLATION which he is tasked to control under
2% per month has in fact been soaring because of fake rates of exchange at 5%
or 8% monthly in Seychelles for the past 24 months. This means the workers of
Seychelles are slowly but surely, as the sun rises and the sun sets, dying a
slow but sure death under Mr. Laporte and PL program with help from IMF.
Only the fat
cats in government with Two salaries like Mr. Laporte himself, or those fat
cats in the opposition like Wavel Ramkalawan and his trail of silent ex MNA
with pensions between 36,000.00 per month to 10,000.00 per month can survive
the reform Mr. Laporte has in mind for
Seychelles. The program Laporte is implementing is making them rich. They do
not even have to work for the rest of their lives.
These SNP
doo-doo opposition will take home Scr. 20 Million in pensions in 10 years, and
Mr. Laporte is ok with that of course. Silence has a price. Who will step forward to defend Ramkalawan
and his gang of sell outs?
People of
Seychelles , open your eyes. When your Christmas becomes painful in the most
beautiful country in the world, there is a problem, because this land of ours
is beautiful enough , to make every single Seychellois live a life of comfort,
dignity and respect.
Anti –Business Budget
FDI Bites The Bullet of PL
Seychelles
is listed as one of the main anti business countries in numerous indices. So
far Eden Island has been able to squeak by with its project, but the resale
value of these units with the new windmills in place besides it and other
windmills soon to come to increase electricity capacity for Mahe, will destroy
Eden Island as an ideal investment. Mr. Heegar has learnt a painful lesson when
dealing with the PL, indeed, unfortunately, it will be more painful for his
buyers.
Customs Corrupt
Mr. Laporte
made not a single announcement to streamline customs procedures in Seychelles.
This system in place is so corrupted, and so difficult to collect goods every
single person or company that imports anything into Seychelles successfully can
qualify for the GOLD MEDAL of business accomplishment. Customs Imports works
well only for the well corrupted in Seychelles. That has been the case since
1977 and it is still the case today.
25% Tax For Stock Exchange Companies
All of a
sudden, out of the blue, Minister of Finance makes an announcement that any
company that registered on the new stock exchange, gets 25% tax rate. Wow!
Does Mr.
Laporte think he deserves a Gold Medal
for encouraging stability in Seychelles? What about all the other
companies that may not trust your Two (2) South Africans based at Eden Island,
who do not want to register with your shady Stock Exchange?
Why do we have to pay a higher tax
rate?
Screwing the
Seychellois business man again? Screwing every single foreign investor again?
How many times does a government screw a people until it has screwed them
enough?
The Why of the 25%
People of
Seychelles and all you good foreign investors that took a gamble on this casino
royal called Seychelles under PL, Minister of Finance Mr. Pierre Laporte has
created this special incentive for the stock exchange listings because no one wants to list their
companies on the stock exchange to sell and dilute their interests to Sheik
Khalifa.
Mr. Laporte,
in full on conspiracy with James Michel will list every single government owned
company like SEPEC, NOUVBANQ. SACOS and other interests like PUC and so on to
sell out the holdings through share transfers.
They will
say they are raising capital to meet demands of projects. But they will at no
time, implement the appropriate legislation, limiting the implementation of
monopolistic ownership of one person or group of key strategic assets of the
country. They will try to sell Seychelles off like there is no tomorrow.
In the end,
it will be the People of Seychelles who will suffer. How do I know? Look at
what has happened at Air Seychelles another conspiracy to sell our national
airline and James Michel was the head of the operation.
Today,
instead of helping Praslin and La Digue, Air Seychelles is killing these two
islands off with high prices, lack of commitment to hold their flights, lack of
cooperation with the Tourism Industry. Flights can cost as much as SCR.
3,000.00 one way Mahe- Praslin. Most of the time, it is 1,500.00.
We have
Tourist in Europe trying to get to Seychelles, but Cramer Ball wants us to fly
to Hong Kong so Etihad can code share 5 flights
week there and make money off Air Seychelles.
PL Tries To Face Debt Repayment in 2013
In 2013 PL
will try to face debt repayment, as first installment is due. Since the stock
market will not kick up successful and will flop like the floppy disk it exist
on, PL will not raise the much needed hard cash to pay off it’s debt
installment.
To make
matters worse, PL is repaying hundreds of millions of rupees of newly listed
debt from Air Seychelles that Col. David Savy left the company with. Now he is
in charge of SKYCHEF and SCAA. It will take years to pay off, since Etihad
stuck us with the bills and Pierre Laporte, James Michel, Danny Faure, all
said: thank you.
When this
fails by the second quarter of the year, the PL will tap into our reserves
again, this time wiping most of it out completely. By July, when government
workers are suppose to get a measely 6% increase in salary, to cope with 5% per
month inflation, our national reserves
will likely be depleted. Do not expect any money from the TANKERS they lose a
$1 Million per month and Captain Guy Adam is no where in site, but the bills
keep coming in. Captain where are you? You had so many great ideas what
happened? Are you willing to pay back the cost of these tankers personally or
are you going to hide, cut and run?
Collapse in 2013
Mr. Pierre
Laporte projects a 3% growth in 2013. This is another joke. I wish this chap
would start taking his job more seriously. No PL growth projection has ever
been true. They lie to you in December, and by the end of the first quarter,
they start to make excuses for the downturn. By mid year, they start cutting
back expenses. By September, they are broke and need a supplementary budget, to
get through the year, and they even print money to do it or tap into the
reserves to get by. PL, you bunch of clowns, you cannot run a country like
that. If you thught you could, then you will know why we are bankrupt and now
under IMF administration and in 2013, intervention.
I would not
be surprise if Rene should raises forces and arms his men and throw you lot out
of office. You PL’s are worse than Mancham and worse then Rene in his worse
moments. Never, has so much national shame been borne upon such a small country
by so many reckless men .
Business Gets It in The Pants
Business
gets it in the pants as usual. Laporte has imposed an unconstitutional
Corporate Responsibility Tax of .05% of gross turnover. As Laporte screws
business, he screw business workers and staff as well. This type of scheme
prevents companies from raising staff salaries, since they are taking money off
the top gross income. It is shameful
indeed. Such a scheme should be voluntary at best. If Government cannot afford
to meet its commitment to the People of Seychelles, it should be brave, like
when James Michel was brave, and Sunday Times covered him standing on the front
of State House, begging IMF to intervene in the country to pay a fuel bill that
Captain Adam could not manage for SEPEC at the time. I wonder why? Can you believe that? A fuel bill!
If things
are so bad, PL should shift gears, revamp the political playing field of this
country in a serious way.
It is now
obvious PL is collapsing. They are even recruiting former DP every where to
cover their butts and people falling out with Ramkalawan and Volcere are being offered jobs everywhere.
Some are even being told to wait silently until elections, we will buy you. You
can buy a KIA with the money.
Adjust your sails communists, if the wind is
too strong, now that there is no PRC base coming to town, you can look forward
to Santa Claus, but beware, IMF does not believe in Christmas they believe in
you paying up.
Next time be
careful about these slap stick deals you PL like to make, you let people around
the world walk all over us day in and day out.
SFP will not
allow everyone and anyone to walk over us.
You are the
why… not Seychelles Freedom Party (SFP)!
Seselwa Unite!
Sesel Pou
Seselwa!
May God Bless All Freedom Loving
Seychellois!
101 comments:
Good job Gill!
A FREEDOM LOVING SESELWA
KIM IL SUNG DALON PISSEDOFF NOT CHRISTOPHER GILL.
Gill Im Sung
At least Mr Gill has the balls to say something on the budget, he says what he thinks and I think he raised some pertinent arguments. What about you guys? say nothing,-see nothing,- hear nothing, you are all Apes! You have a lot to learn from us Arabs, put the begging bowls aside and start using your brain.
The budget screws the Private Sector, it is quite simply a TAX INCREASE.
I am not sure what the drawing of Pierre, K Roberts and the girl from SIB has to do with the article at all?
Vox
Reply to Vox-
I guess we are start out with a clean slate in life. That is what it means.
Then we either improve on what we have or add fuel to destroy everything we were handed.
What ?
Anti Seychellois, More pensions for Seychellois and less for foreigners like Gill.
Gill sends article to Isaac to upload. He asks him to add photos, Isaac puts what he can find online. We have a rambling article and irrelevant photos. That is the last time I bother to visit here.
This is a really on point article. I do not see what is wrong with Mr. Gill's article.
What is rambling about it? Please explain.
Sour grapes is more like it.
I agree with the last comment. At least Gill stood up and exposed the budget for what it is.
What is wrong with that?
Indeed he sees right through them.
As Laporte pontificates on his discrimatory Buget aim to prop up affiliated,benefitors,calloborators of the system,Not a single monkey in the Aseembly said a word.The reason for their silent is of two fold:1(most of them do not understand economy.,2)They all PP ilks,collaobrators,benefitors and apologists.
Laporte 's buget lacks seriuosness,it does not reflect of how his buget will affect the country?s surplus or deficit.Seychelles under Pp though ,has been running in deficit and since this governemnt continues to follow policies proven to be bad we should not expect any economic improvement ,unless Pp changes its economic policy from fake economy built with foreign aids to real economy built by a Nation's productivity.
I have heard JUDAS(fake oppostion leader)asking for more money.Each year PP seems to wants more money to wasdte ,steal,rob instead of reducing state spending and corruption.PP must stop spending more than the country economy can produce.
laporte gorth forecast ofr 2013 is 3 percent,which we can understand for growth figures product by PP are manipualted, fake but foremost build with foreign aid money,not own National production.That is not real economy but Voodoo economy Pierre.Our ecomony Pierre, is simply not producing enough.It seems while our economy is falling aprt and we must live on cahrity of firegn aids(debts)PP continues to go on an unprecendent spending splurge.
Moreover,Laporte unilaterally thus illegally imposed 5 percent increase of business persons,thus creating another economic durben of businesses already struggling to survive under PP voodoo economy.Many would reduce future investment in their businesses for PP economic policy do not create confidence.What Laporte should do instead is collect taxs.duties,etc on foreign businesses such as EDEN Island kalifa reduce ministers astronomic salaries ,pensions.
BUGET fiddling Pierre is just bad for businesses.Our economy needs flexibility nor more durben on businesses.It neglected the struggling business sectors especially those in the tourism industry and all those directly dependent on tourism.
PP said it does not have influence on free market-In other word,Pp wants us to beleive that high price up by merchants cannot be regulated or the ogvenremnt cannot have any influece because it is a free market.For Pp freemarket means there is no regulation,a merchant can order a Kilo of rice for SR2 from India SR 4 more for transportation and other expensese but still have a right if we beleive Pp to re-sellthe same Kilo of rice for SR 100 on local market.Pirce control or regulation is needed in Seychelles for many merchants are pricing their commodities hundreds time more than the actual value,cost of their produces.Secondly,Pp must stop allowing friends to monopolize our economy,more conpetition means price competition most often leading to price reduction.
Lastly.As to PP ugly,ineffective,useless windmills we would have to remove them once PP is remove in 2016 though free and fair election or else.
Jeanne D'Arc
One more thing,funnily,as Michel preach of the importance of supporting private sectors for that is where wealth is produce,Laporte an economist concocted a bugget that created more financial durben on the private sectors ,instead of encouraging them.Only those Like the owner of EDEN Island plus a few benefitors are not affected by Laporte's bugget for they are previlidge,even foreign aids money that should benefit the peoeple of Seychelles directly are used to bailed out Pp foreign firends businesses while those same businesses do not pay their duties,taxes etc...
Jeanne D'Arc
Laporte buget is historically the worth ever under the one aprty state.Even the Butcher an economic illiterate did better than him while minister of finance.
Laporte must understand that Pp cannot keep sucking out money from the private sectors the same who actively contribute to wealth production of our coutry.Pp cannot rob businesses from their capital to sponosr pp failures and expensive living standards.Laport buget is money grabbing which companies could have manage,keep their companies afloat especially after PP bankrupted us,devaluated our money,and destroy our economy.
Pp governemnt must find money somewhere else,and there are many other sources to get money Pp-u$ 2.5 billions in Swiss bank,collect taxes and duties from Khalifa,Eden island, and all those five star hotels yet not contributing to our economy,Collect money made by IDC from Glenny,etc...
What Pp should do instead is
making the businees sector more productive not destroy it.
Jeanne D'Arc
Ask Laporte about his 8 boats and counting. Where did he get the budget for that so fast?
I guess like every PP apologists by grabing in Tax payers' coffers.it is endemic in the PP gagn.
Cheif-of _Staff of the Army for instance,gifted himself Sr 6 millions,Morgan U$ 4 ,5 million in dubious deal,Lucas in money laundering, etc...
Jeanne D'Arc
Mr. Laporte, tell us how you financed the Eight boats. Also please post pictures of every 8 boats.
Hi Gill A.K.A. Jeanne D'arc
I got my 8 boats the same manner you acquired your properties in Seychelles and Guam.
Is that questionable?
Kind regards
P. Laporte
Finance Minister
Ask Charles Lucas about the nice blue yacht tucked away in Beoliere at his German Friends place...
Reply to "Mr. P. Laporte" alleged Minister of Finance Government of Republic of Seychelles-
First of all Sir,I do not know if you are in fact the Minister of Finance.
Hence, I would expect the Minister, to make himself known at any time these comments falter and do not represent an accurate view of his reality.
In the meantime, we will reasonably assume that you are in fact the Minister of Finance Mr. P. Laporte.
That being the case, let me proceed.
First of all, I acquired properties in Guam and Seychelles whatever I may have, over a number of years. It was not done over night.I started early, and worked late into the night for many years.
Secondly, I am a business person, and have been taking business risks for many years. Sometimes I win, sometimes I lose. The luck of the draw is my good luck and bad luck as it comes, I take it.
To temper the fall or rise, I use my brains, not public funds to do what I do.
Thirdly Sir, what distinguishes what I acquire from what you acquire is the little detail that you are a "Public Servant", working for the Government of Seychelles, subjected to full disclosure of all your assets and how you come about to owning them all.
Maybe you forgot about that, in all the excitement of becoming a Minister in contravention of the Central Bank Act.
I am perplexed that you acquired so much in so little time, given that you complain regularly about the poor salary of a Minister. Hence why, you have demanded also the severance pay (Illegal) of an ex Central Banker.
Please clarify this dubious position for us as more information is coming in as we speak and we do not want to make any error.
I thank those coming forward.
Seselwa Unite!
Sesel Pou Seselwa!
Christopher Gill
Leader
Seychelles Freedom Party
Pierre Laporte, where are you?
What perplexes me is why you have acquired so little support in so much time.
Mr Gill
I am not accountable to you directly nor am I to your shody little forum.
Should the President of the Republic or the National assembly request me to disclose my assets I will do so without hesitation.
P. Laporte
Finance Minister
And further more Mr Gill, if I may also add; because of your impertinance and arrogance you will never go past this forum politically. You are stagnant.
P. Laporte
Finance Minister
Reply to Sir Minister "P. Laporte"-
You say I am arrogant. Fine. Call me what you like.
However,arrogance is really a Public Servant that holds himself out as a business man and sets for himself, the same standards of practice of business persons while they live off a public salary for a living and profit.
This appears to be you Sir, not me.
While this little forum seems to be below you Sir Mr. Laporte as you assert, you have yourself it appears, availed yourself to it-voluntarily.
The President, the National Assembly, and all Seychellois should ask you to declare your assets and declare how you got them all so fast, while working under a mere Ministers salary, which according to Ex Minister Dugasse, i t is barely enough to live off of.
If I am stagnant, why did you avail yourself to our forum, which now is approaching 170,000 views? Is that stagnant to you?
Have you Googled 'Seychelles' and the word 'reality' or 'Seychelles reailty'?
It is top 10 in names when you google 'Seychelles', and No.1 if you add the word 'reality' to it. It even beat "Seychelles REALTY" under its own name.What impact do you think such a site will have on sale of land on Eden Island, knowing that potential buyers know the Minister of Finance is amassing boats to compete with fishermen, drug traffickers perhaps( I said perhaps) and charters? Is that fair in your mind? Is that ok to you?
I suggest you pocket your arrogance Sir, Minister. we are watching your every move, because you are not to be trusted.
You will find no mercy here.
Disclose how you bought Eight(8) boats in such a short time, before we do it for you. While at it, advise us which class of boats, who are you competing against, and how many license for barbarra you intend to obtain.
Once again, I thank the Freedom Loving Seychellois who came forward with this key material information.
There is more, but let us give Minister Laporte the benefit of the doubt.
After all, he is the Minister of Finance.
Seselwa Unite!
Sesel Pou Seselwa!
Christopher Gill
Leader
Seychelles Freedom Party
In that case, we can say that Mr Laporte is just another corrupted government official?
A FREEDOM LOVING ESELWA
You are are accoutnable to the people Laporte ,as their servant.Do not use PP or Assembly as scapegoat to fake for your responsibility,for you know PP, be it in the governemnt or in stooges Assembly are no different than you ,thus they would never ask you to disclose you assets for it would mean they would have to disclose their own.Maybe you can set an example by doing it vonluntarily as part of broader efforts to clean up public life.The purpose would be to prevent positions of responsibility for becoming a source of unlawful gain,and to stem the abuse of power for personal interests.
When a minister get rich on his salary LAPORTE, something is wrong,adnormal,questionable.It could only mean he/she uses public property for personal purposes
..
Jeanne D'Arc
Reply To" Freedom Loving Seychellois" -
In my personal opinion, watching Mr. Laporte present to us a half baked budget, with a half baked strategy,grumbling and moaning over a 6% salary increment, while he literally stole a severance pay from Central Bank since severance to take on an executive post is illegal in itself,Mr. Laporte is not to be trusted.
Now, when we take into account the sudden amassing of assets, what do we see?
We see a guy who is very likely fleecing the Government of Seychelles, and very likely using every opportunity he has to to enrich himself, while at the same time, he cannot give Public employees a raise to cope with Inflation, caused by his own Central Bank policies.
Based on these comments above, His Excellency Minister Laporte, has little tolerance and respect for accountability to the Public.
He enjoys only controlled debate and controlled environments.
So this, we must hold Minister Laporte accountable, until such time that he will respect the People of Seychelles, and those that dare question his Excellency.
How many sea cucumber licenses you have Minister Laporte? Yet you cannot even dive.
Seselwa Unite!
Sesel Pou Seselwa!
Christopher Gill
Leader
Seychelles Freedom Party
Difficult to see how LAPORTE would ever manage to raise public employees salary while being unable to stabilize our currency an important measure to reduce deficits.If he could i am sure he would have done so,for more money in employees hands would have meant an increase in consumption thus more money entering PP coffers , for consumption is usaully the largest GDP component of an economy .
Wake up Laporte!Put money in people's hands not in your bottemless pocket.
Jeanne D'Arc
1,200% increase in political party funding for PL and fake opposition.
6% maybe for workers.
Seselwa Unite!
Sesel Pou Seselwa!
Christopher Gill
Leader
Seychelles Freedom Party
Pierre Laporte approved proposed 1200% increase in political party funding to keep PDM and PL in Assembly.
Whocan trust someone like that?
Not even PL or SPPF/
Remember he was DP under Mancham.
I agree there is something very greasy about Pierre Laporte.
Good job, keep the pressure on and expose him. Everyone should come forward with more information. Perhaps pictures of boats, licenses, articles of incorporation, let us see who his partners are in the background and see how that ties in with drug trafficking in Seychelles and of course, barbarra trade.
Gill is a angry animal,he is not happy with himself
He beat up his own mother ,he cannot do anything right,
let me tell you your ballon will pop very soon.
there a saying, when you leave in a glass house you don't throw stone.
Laporte is literally strangling the baby in the crib by denying a sensible budget for the country economic plight.
In this hard economic times,the jhighest of folly to target businesses for a mojor tax increase equates economic suicide.You canot crearte growth for the ogvernemnt at the expense of buisnesses ability to expand,invest and create private sector jobs.it is obviously more difficult to make the case for more governemnt spending,wastage,and theft when legitimate distrust reasonably exists of dyfunctional fianacial and governement systems.
Moreover,the high rate inflation is already posing a powerful threat to investors goals,It is killing investors' confidence instead of encouraging them.
On the other hand themost important steps Laporte should have taken to guard against High rate of inflation is to maintain a stable currency.Mostly,accomplishing by running balanced budget and avoiding significant deficits.
Stop squeezing cash from busisnesss Laport to financial Pp lavish lifestlyes.Instead,freeze your astronmic pension for life,reduce your salary,control governemnt wastage and spending,stop Pp theft etc...
Jeanne D'Arc
Jeanne D'Arc
10.18 Pm
Was it not Michel who executed his own son becuase he was anti-communist?
Reply to "Angry Animal"-
You make stretching attacks on me and say I am an angry animal?
Are you serious?
I am hardly an animal and I am hardly angry at any one.
This is how you discuss issues of national importance such as corruption and the National Budget?
There is indeed a saying: "that when one lives in a glass house you do not throw stones".
This saying does not apply neither to discussion of the national budget or corruption in government.
As for popping balloons, pop all you want, it will not change the fact that we are bankrupt as a country, and we are getting poorer everyday as a people.
Seselwa Unite!
Sesel Pou Seselwa!
Christopher Gill
Leader
Seychelles Freedom Party
Anonymous said...
Perhaps pictures of boats, licenses, articles of incorporation, let us see who his partners are in the background and see how that ties in with drug trafficking in Seychelles and of course, barbarra trade.
December 18, 2012 8:39 AM
Isaac, start forging them.
Gill, google shows your own activities on the internet. I have googled Seychelles and did no tsee your blog in the first 10 pages. I stopped.
idiot.
Gill pourquoi quand je google Gill the only "reality" that comes up is the fraudulent land acquisition of you and your brothers in Guam?
Bougla o, desist with all this bragging about reality on Google parce que ou ganny afronte!
....and I just try google again and get BULLCRAP,I put on my gro-loop and I get BULLSHIT. Try one more time before going to play matouloumba I get BOOBLE and start GIGLING.
Tie a chicken wing around your neck when you Google.
It might help ou google more effectively and accurately.
Gill, aimez-vous les wings de chicken?
Best part of the kuku non?
Oui, moi j'aimes les ailes de poulet. Aussi le jus de pruneau qui ma aider de travallie dur pour tous les seselwa rasin et derasine seulment. Arab? pas du-tou! Mon copen Jean-Paul est tres gayar, il presque fini son on-line course de neuro.
Time to stop giving foreign loan to PP thugcracy.In the last four years Pp governmentnt have been pocketing multi-millions on foreign which were mostly aimed to be invested in the people which in most cases have never been the case under PP thugs.
Foreign aid is not helping Seychellois but making them poorer,it has created an atmosphere of dependency at all levels of society.As a way to illustrate the heavy reliance of foreign aid"Just 30 years ago .for instance.Malawi.Burkina faso,Burundi were economically head of China on a per capita income basis.today those countries like Seychelles becuase od corruption,bad management,theft are one among Africa's poorest countries.
Why foreign aid is not working?On e of the reasons is that Foriegn donors continue throwing money at the same problems and same situations in place not likely to achieve a different end.
A constant stream of FREE money is aperfect way to keep inefficent governemnt in power.As aid flow there is nothing for the governemnt to do.Stuck in an aid world of no incentives,there is no reasons for governemnt to find better,effective ways to raising development finance.The aid system encourage ogvernemnt to just pick up the phone and ask donor agencies for more capital./0 percent of public purse under Pp come from foreign donors.
There is what is called DUTCH DISEASE a term that decribes how large flow of money can kill a country's export sector foreign aid has the same effect.
Foriegn aid has created a dependence-mentality among the Pp members ,ilks etc...that hampers innovations and enrerpreneurship in society.In order for country to benefit from the global market it nees to enhacne its strengths rather than even out its weaknesses.FOREIGN AID does the opposite.It seeks out the miserable,and consequently it turns Seychellois into passive and incapable being,.who would rather live on charity than finding their own income.
Stop feeding Pp beasts IMF!
Jeanne D'Arc!
i mean: 70 percent of public purse
Apres son qualification ils va effectuer la chirurgie dan la crane de Totof pour retirer la virus de haine qui la effectuer depuis son l'enfance
MESSAGE TO ALL AT SFP!
PLEASE DON'T FORGET TO SEND ME YOUR CHRISTMAS LIST IN TIME.
I NEED TO CHECK IF YOU'VE BEEN NAUGHTY OR NICE...
TI JOHNNY-LE-GAY I HEAR THAT YOU HAVE BEEN A BAD BAD BOY...
JEANNE D'ARC I WILL PUT YOUR FOUL MOUTH DOWN TO YOUR STUTTERING SO YOU ARE FORGIVEN...
ZAN POL IZAAQ, THE FACT THAT I AM A HINDU SANTA I CANNOT FORGIVE YOU FOR ALL THE ROSBIF YOU'VE BEEN DEVOURING EVERY SUNDAY SO YOUR LIST WILL GO IN THE BIN...BUT...I WILL SEND YOU A CORRESPONDANCE COURSE ON BASIC INGLIS FOR DUMMIES!
COMETAN, NOTHING FOR YOU MISTER BECAUSE I HAVE NOTHING THAT YOU CAN PUFF ON!
GILL WHAT CAN I SAY...THERE IS ONLY ONE FAT GUY HERE AND HIS NAME IS SANTA SO EITHER YOU GO ON A BLOOMING DIET OR I WILL FORCIBLY DEPORT YOU TO ETHIOPIA BECAUSE THIS PAGE IS NOT BIG ENOUGH FOR THE TWO OF US!
HO! HO! HO!
ST. NICHOLAS
CONNU COMME SANTA
Santa
A question .Do we need a froced CSR tax on Businesses to pay for a corrupt,debt addicted,irresponsible,and thuggish regime like PP,that simply want to suck out more money from the few economically fragile businesses left to pay the 5 percent of the 6 percent salry increase in the public sector by PP thugs.?Obviously, ithink Not,it is boondoggle.
This could be a good thing in a world where markets are efficent and when governemnt does waht it has to do.When a governemnt forced an undemocratic process without consultation with those concern and affected by the Laporte's dictation,companies interest and the interest of society are not congruent:if it would congruent,companies could ,for instance,increas their profits and increase their socail welfare simultanously.This is exactly what FREE MARKET (capitalism)is all about.
With a market failure and when interest of comapnies and the interest of society deverge from each other,as it is the case under Pp one-aprty state,it is not realistic to expect or forced companies who have a fiduciary responsibility to their stakeholders,to sacrifice their already meager profits for the sake of social welfare.In a healthy and functionalable economy CSR should even be uncourage ,but best is to uncourage businesses to do it voluntarily not by forced regulation as Laporte did,to strangle the private sectors.private sectors however should in any way be paying for PP mis-management,and psonsors thier lavish lifestlyes at the profit of the private sectors.
Find a life Laporte!
Jeanne D'Arc
Santa you look real good grabbing rouldolf!
What looks good about Santa is that he has at least a good idea-He visit people once a year only.Maybe Michel should follow in Snata's foot step by stopping roaming around the country the whole year round to fool and distrub the people in their houses.
Santa was wishing Rouldolf Merry Chrismas,and he also had a present for him but unfortuantely Santa forgot to remove the price tag on the present which irritated Rolf, for the present costed 1 rupee, too cheap for a VIP like Rolf.
Jeanne D'Arc
Eoula Gill it's NOT Roudolf bez ou manman. It's R-U-D-O-L-F!
No presents for you next Christmas because you've been a bad bad bad disrespectful fatty boy!
No comments bez ou manman?
StAnge brought tourists for Gill to shut him up.
200.000 for the whole year of 2012,while Maldives made more than 2oo.000 in the first three months of 2012 .Is that an achievement for us to praise dog?
2013 gonna be double hard than last year.
During a financial crisis the best way to get out of recession is by tax cuts and reducing governemnt spending.It is important to create incentives for working toward economic recovery,and it is vital for governemnt to encourages saving and helps provide these means by tax cuts.The more investments that enters the system,the less businesses need to borrow,thus making easier for those businesses to employ and expand.Since ,tax cuts provide a multitude of investors,the rate of fialed investments will be much lower than if governemnt makes huge lump sum expenditures in large investments.
Moreover,by providing tax cuts the governemnt will not fall into a pit of spending that only provide süarks and stifling the private businesses that can make blating positive changes in economy.
An example of how tax cuts and reducing govt. spending in crucial for a recovery:When recession hit the USA in 1919,a series of tax cuts over nine years period kept the USa economy stable,and the recession itself as over in two years only.It was only after governemnt increased in the 1930s inreponse to the 1029 Stock Market Crash ,that the economy plummeted into the true depths of its depression.
Tax cut means new investment and jobs creation.Only private businesses can really create long-term stability ,and jobs creations and provide employees with purchase power which is also fundamental in getting out of recession.If employees do not have purchase power they cannot spend,and if consumers are umemployed spending cannot increas as long as they are unemployed.
Furthermore,this years Laporte introduced VAT on businesses,thus there was no need to durbened Businesses with extra tax.
Lastly,Laporte proposed budget plan ,is politcally motivated ,for the more Tax Laporte in imposing on businesses is solely aim at financing PP expensive promises to its supporters,and the lack of governemnt to conduct genuine economic reforms that stimulate economy.PP lack revenues to cover its promiseed and intended prpose and gaurantee that governemnt can afford to continue the spending it promises.So someone must pay for PP wastage and sponsor PP to keep its promise to its supporters.Without enough revenues to sponsor all those expensive promises,PP will suffer a free fall in its support and fianlly collapse.So to avoid that,Laporte want private businesses to pay for PP expenses regardless if it good for the economy or not.
Laporte might arguie that governemnt sopending can increae jobs:Yes Laporte,but unfortunately it won't be enough to get us out of recession.Secondly,any governemnt investment or spending when done in a recession should be aimed at stimulating the economy and this is achieved by investing in industries thar produce economic growth .For instance,since our economy depand exclusively on Tourism,instead of Pp wasting millions to build huge building with shiny windows but without furnitues and unocuppied,the money could have been used to boost AirSeychelles,get it re-start its Operate to our main market EUROPE which would then have a direct effect on our economy.
Jeanne D^Arc
that only provide sparks and stifling
"2013 gonna be double hard than last year.
During a financial crisis the best way to get out of recession is by tax cuts and reducing governemnt spending."
Maybe you should speak to Francois Hollande and David Cameron about this because considering the size of their economy they are doing the opposite!
Gill you are calling for a tax cut only to fill your pocket you sneaky beady-eyed con-man!
People let us say a prayer for Hugo Chavez that he may overcome his illness.
He is one of the last true remaining hero of the people!
Long live Hugo Chavez!
Long live Fidel Castro!
Long live France Albert Rene!
Pissedoff Le Rouge
One of the last remaining true Soldat Rene
Albert Rene a.k.a pissedoff go F... yourself. Since you are old now and no woman wants you.
He had already done it.For christmas and new year he leased F.Larue's as...hole making Manoo jealous and angry.
Only because Ti Johnny-Le-Gay's arsehole wasn't available, it was being used as en petard holder par les Allemanges
Oops...bugger! I meant les Allemands!
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