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Will compulsory bank acc. improve our living stds?
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a4architect.com
#31 Posted : Thursday, April 05, 2012 8:15:47 AM
Rank: Veteran

Joined: 1/4/2010
Posts: 1,668
Location: nairobi
....lets hope Githae will also ensure every 18 year old Kenyan gets a job and free education/capacitation.

If he ensures this, then its ok.

He can tax as much as he wants since he will have assisted in the creation of the wealth/money in the account.
As Iron Sharpens Iron, So one Man Sharpens Another.
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gatoho
#32 Posted : Thursday, April 05, 2012 9:02:12 AM
Rank: Member

Joined: 1/1/2010
Posts: 518
Location: kandara, Murang'a
essyk wrote:
http://www.nation.co.ke/business/news/Bank+accounts+to+be+compulsory+for+all+Kenyans+over+18+years+/-/1006/1379498/-/6k2iciz/-/index.html

Finance minister Njeru Githae said the Kenyan economy has matured, which calls for every Kenyan to have a bank account in line with efforts to increase financial inclusion in the country, as per Vision 2030.

Also coming up will be a law compelling every Kenyan above 18 years to open an income tax file with the Kenya Revenue Authority, to help seal loopholes in tax collection. The two will be mandatory irrespective of whether one is earning an income or not.

I would like everybody to have one but is it realistic cz hata wale tunao tunasweat tu.



Maybe this is where they will deposit Alaska-type or gaddaffi-type OIL CHECKs! #Turkanaoil
Foresight..
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vky
#33 Posted : Thursday, April 05, 2012 9:16:17 AM
Rank: Member

Joined: 6/17/2010
Posts: 572

In the same train of thought the government should make having money for every Kenyan compulsory!,this is the height of idiotic statements made by a minister just to please a few bankers without thinking about the mechanics of how its going to work
'One headache for famous medieval holy people was that someone might murder you to acquire your body parts for the relics trade'
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itz
#34 Posted : Thursday, April 05, 2012 2:14:55 PM
Rank: Member

Joined: 3/20/2009
Posts: 348
This is just a plain damn idea.The govt or the minister should not be in the business of forcing people to take certain services.It sounds like a decree and kenya is not china.This is a personal choice issue and should not be an individual mandate.Am suprised that no one on wazua has argued it from this point of view.I am seriously hoping that this guy was misquoted by the media because after the "eat rats" comments and now this,clearly "houston we have a problem".
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Smof
#35 Posted : Thursday, April 05, 2012 2:47:15 PM
Rank: Hello

Joined: 4/5/2012
Posts: 1
Shame on you how so??????
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YesuWangu
#36 Posted : Thursday, April 05, 2012 4:22:41 PM
Rank: Elder

Joined: 8/11/2010
Posts: 1,588

Because, it is immoral to compel people to do something for the banks when the banks find it equally disgusting to be compelled to do something for the people.
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shygal
#37 Posted : Thursday, April 05, 2012 4:27:38 PM
Rank: New-farer

Joined: 12/31/2011
Posts: 90
Let's not crucify this guy. Having an account is not entirely a bad thing. I agree that the banking sector should put their act together so this thing could work. There lots of people using Mpesa and the like to save, transact etc so that means everyone would make use of some form of banking services if it was packaged correctly to appeal to even those who keep their money in the phone. And ideally if things were right, a bank account would be the better option. Mpesa would still be there to complement your bank account or to work together with your bank account.
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  | | Edit by user: Thursday, April 05, 2012 4:31 PM | Reason: Not specified
YesuWangu
#38 Posted : Thursday, April 05, 2012 4:39:16 PM
Rank: Elder

Joined: 8/11/2010
Posts: 1,588
There are some here among us whose money, mostly the almost minimum balance, is used to pay the charges to maintain the account.

They want to show they have bank accounts!

Wajitokeze.
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  | | Edit by user: Thursday, April 05, 2012 4:41 PM | Reason: Not specified
gathinga
#39 Posted : Thursday, April 05, 2012 4:49:50 PM
Rank: Veteran

Joined: 11/30/2006
Posts: 635
chemos wrote:
Ric dees wrote:

..What a rubbish idea, reminds me recently when Tesco (big UK supermarket chain) hired a consultant to find out why water melons above a certain size are not bought and you know what the good consultant came up with after an exhaustive research he found out there is a co-relation between melons and womens bust hence women avoiding BIGGER watermelons...now thats what i call RUBBISH!!! am sure even the butchery man in Kayole can come up with better findings..



huyu jamaaa alifikiria kweli.. must be a harvard graduate..Laughing out loudly Laughing out loudly Laughing out loudly



HEEHEHE princeton graduate....@Smano Liar Liar Liar really earned his pay
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murchr
#40 Posted : Thursday, April 05, 2012 5:31:24 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
YesuWangu wrote:
There are some here among us whose money, mostly the almost minimum balance, is used to pay the charges to maintain the account.

They want to show they have bank accounts!

Wajitokeze.


I understand the "YEA" account, co-op bank doesn't charge anything to its account holders but their age bracket should be 18-29
"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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