Ngalaka wrote:murchr wrote:
If you tax FB because you feel its a luxury (may be to you) would you not be severely infringing into the rights of the normal wanjiku who uses the platform to showcase what she does (sew mats, do hair, wash cars, cook) yet Wanjiku still pays taxes on these services she offers?
I think our leaders have become lazy or are completely incompetent in raising money. The economy thrives in an environment where taxes are low. Keeping the taxes low attracts businesses bringing jobs which will increase PAYE.
I see your point.
However, the same argument can be made about - beer, Cigarettes, Casino business etc.
How now? Beer Cigarettes are a luxury. That person showing us that they can make mats is not using that notice board as a luxury.
There's a new breed of money makers who have been born by "social media". "Marketing influencers"
Kyle Jenner is to become the youngest billionaire at 21 out of the influence she has on social media.
When Snapchat upgraded their software, she made a comment that "its dead" and the SNAP stock lost $1.3B in a day's trading. Well...its debatable if the tweet really made that to happen but yes it happened.
Marketers have now realized the power of product endorsements by "celebrities" is bigger than traditional ads and many are taking advantage of this new found wealth creation strategy. I think in East Africa no one does it better than Idris Sultan, with over 2M followers local and international brands all want him to endorse their products.
In Kenya, Caroline Mutoko comes in mind and several other female "celebrities" that Nyakundi feels are a threat to the male species. They are not close to what Idris is but they are growing.
The world is changing, the legislature not so much
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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