🚨 Breaking: As Kenyans continue reacting to the Rigathi Gachagua ruling, President Ruto has departed
Belgium for Norway aboard chartered private jet T7-BBJ2. We've been tracking the flight for several hours.
One thing I've consistently observed is that whenever a major political event is unfolding in Kenya, the President often seems to be out of the country.
The bigger question is this: after visiting more than 90 countries and announcing over 200 deals and agreements, which of those have significantly changed the lives of ordinary Kenyans?
This isn't even criticism. It's a simple question.
Some people get upset whenever I question these trips. That's fine.
But asking questions is part of accountability.
How many ? Very few; yet in the same country hospitals lack medicines students study under trees etc
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@EtalePhilip Amesema LGBTQ defender Makau Mutua was a useless fellow. Added no value to the campaign team. Kazi yake ilikua kupeleka Raila Odinga, Kenya's most cunning political conman, ulevi
BREAKING: The William Ruto govt is about to pull one of the most selfish financial tricks of his presidency.
A move designed not just to collect the Housing Levy.
But to make sure Kenyans keep paying it for years to come, and no other president in the near future removes it. (Securitization)
Here's the plan.
His government, according to NTV, plans to borrow about KSh150 billion from local and international banks.
The security?
YOUR future Housing Levy payments. So they want to go collect 150 billion and use future housing levy payments as security. (securitization)
This means that if the next government removes the housing levy, Kenya will default on the loan taken by the Ruto government.
Let that sink in.
The government gets KSh150 billion immediately this year.
The money is spent immediately.
But Kenyans remain trapped paying the levy for years afterwards.
This is not an accident.
This is the whole point.
Opposition leaders have repeatedly promised to abolish the Housing Levy.
So what does Ruto's government do?
It moves to tie the levy to a massive loan so that future governments will find it far harder to remove.
In short:
The cash stays with Ruto's administration; they get it and use it before elections.
The bill stays with Kenyans for years
The burden is pushed into the future.
And if the loan is backed by many years of future levy collections, millions of Kenyans could find themselves paying 20 yrs later for a decision long after this government is gone.
That is why this is so selfish.
I warned earlier this year that the new Ruto levies were not just about raising money.
They were about creating assets that could be used to secure more borrowing.
Now we are seeing exactly why.
The question every Kenyan should ask is this:
This is completely evil. We reject all attempts to securitize the Housing Levy.
@itskipronoh While Arsenal just set a new world record as the first team in UEFA Champions League history to go completely undefeated across an entire campaign and fail to win the trophy.
😂😂😂😂😂😂😂