BREAKING NEWS
A MOTHER of all DEMONSTRATIONS is loading......
Starting 25th June
TOTAL SHUTDOWN
No School, No work, No nothing
This time round, he may not survive
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.
Amkeni.
RUTO wants to take a 100B loan against the 1.5% affordable housing tax remittances so he can build 250,000 houses.
We have remitted above 360B so far.
Where is that money since we don't even have 100000 houses built in 4 years?
Impeach Ruto ✊
From selling all the parastatals in the country, selling our Health Data records, inviting criminals like Adani, issuing passports to Warlords & Finally inviting Ebola. Ruto Must be jailed after 2027
Nanyuki residents have voiced strong opposition to plans for an Ebola quarantine facility in their town, arguing it should not be situated near residential areas. They questioned why Kenya should host the facility instead of the DRC, where outbreaks typically occur, and vowed to mobilise against its establishment in Nanyuki or anywhere else in the country.
Vaccines cause autism.
Abortion is murder.
COVID vaccines are bioweapons.
Transgenderism is evil.
Feminism is cancer.
Your government hates you.
The end.