Apparently when things get tough, the best and only solution is to tax The Bahamian people… some more. That’s how it seems to me.
I mean how much more taxing can we take? Its like every other day i hear about another rate increase or proposed tax! Man I VEX!
The latest proposed tax is courtesy of the Broadcasting Corporation of The Bahamas (BCB). You see after years of mismanagement, nepotism, and cronyism the BCB finds itself in a tight spot.
The FNM government, facing its own financial crisis, has decided its not going to subsidize ZNS to the tone of 11 million per year anymore. Never mind that this administration along with the PLP are the ones directly responsible for the mismanagement of that corporation.
Instead the government has slashed ZNS’ budget some 61% from 11million to 4.25million anually. This is a big blow to the corporation which requires 15 million to run each year. So BCB’s board came up with the obvious solution; make the Bahamian people foot the bill.
BCB executive chairman Michael Moss made the proposal to cabinet
“The board of the Broadcasting Corporation of the Bahamas (BCB) is proposing that the more than 70,000 cable television subscribers in The Bahamas be charged an additional $6 per month to help fund the cash strapped state-owned ZNS Bahamas entity, when it transitions into a public broadcast service in the coming months.”
But thats not all, the proposal also call for the following
- Additional fee of $50 on all satellite dishes imported into the country
- Satellite TV subscribers would be asked to pay $20 per year
- A percentage of the license fees that private broadcasters pay to the Utilities Regulation and Competition Authority (URCA) on an annual basis to be diverted to ZNS’ budget.
All that adds up to more bills on the heads of the poor Bahamian people. Cost of living continues to rise and still everybody looking for us to foot the bill. Before anymore rate or tax increases to support these government run corporations we need to ensure that they are being run in the most efficient manner possible.
Questions for you:
Does ZNS deserve our money? 70 staff members are supposed to be let go, do you think they will/should be? And is that enough? What else could ZNS be doing to better its operations without further taxing the poor man?
I want to know what you think. Please comment and share your thoughts.