deadpoet wrote:It is very simple. The government is beholden to the IMF and western lenders. If they want more taxes, that's what the government will do. That's why Ruto has been saying "increase tax as a percentage of GDP by 2027" blah, blah, blah - he probably doesn't understand the nuances, implications, or effects of such a squeeze. No real effort to boost consumption, attract investment, or cut expenditure - just more tax on those already paying, regardless of how counterproductive they are to consumers and businesses. Plus more loans from all the travel!
Read about the structural adjustment programs of the 1980s.
He who pays the piper sets the tune.
Why blame the IMF and Western lenders when the prior regime (UhuRuto) went on a borrowing spree for projects even the IMF said no to?
IMF was not in favor of the SGR and yet here we are...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett