@MsoMuthoni Hii tungeacha mbwa wakule na damu isafishwe. Alafu tuchinge ingine. This is a despicable state of affair. Athuri mûciî ûcio haha naho ti thaayû!!
@aomenya You gotta know that men are now a prime market. After years of oppression and promotion of girl child campaigns for years, toxic femininity and laziness among father's has exposed young men to a market that manipulates their thirst for personal development. And it's big.
The National Treasury Cabinet Secretary has presented the highlights of Kenya's Budget 2025/26 before the National Assembly.
Just like Finance Bill '25, I found it to be lean on scope but relatively heavy on technicality unlike what we are used to.
So what stood out for me?
A 🧵
Food for thought...🧵🧵
Mwaniki, now in his early 60's is in his retirement days.
He enjoys a good cup of coffee every morning before he goes to check on his farm and animals...
The only legal way to escape tax is to earn more from your investments than from your salary.
The wealthy will always find ways to pay lower taxes through their investments.
1. Infrastructure bonds - Tax free
2. Eurobonds - Tax free
3. Dividends - 5% WHT
4. Fixed coupon bonds: 10 - 15% WHT
5. Interest from MMFs and bank deposits - 15% WHT
Compare these with the 25 - 30% income tax subjected to respective income brackets.
This is not taught in school!
Treasury CS Prof. Njuguna Ngung'u during his vetting last year:
"please do not raise tax rates to the point where it becomes an inducement for you to evade taxes. That is, you're killing the goose that laid the golden egg unless you want to say bye bye to the golden egg"
I believe as Kenyans we should AMEND the Constitution to ensure that:
1. We have the Office of the Opposition Leader and Shadow Cabinet funded by the tax payer to ensure that they can do their oversight role without intimidation.
2. That a two time Governor should not vie for any other electoral position for at least 2 electoral cycles and o ensure they are audited for management of their resources as Governors
3. Scrap the Women Rep Position
4. Ensure that the Speaker Of the National Assembly does not belong to the same Political Coalition or Party with the President and his/her Deputy
5. Ensure that the Speaker of the Senate does not belong to the same Political affiliation with the Presidency and the National Assembly.
Point 4 and 5 are to safeguard the integrity of The two houses and protect them for the influence of the Executive and ensure that they can check the Executive properly, especially on budget and expenditure matters.
6. Constitutionally put targets for deliverables for key Constitution commissions and offices like for example; put a target of successfully prosecuted cases of corrupt individuals every financial year.
7. Upgrade the punishment for corruption to a capital offenses that will attract the death Penalty.
8. Constitutionally enforce that all Government officials and elected officials and civil servants will be treated in public hospitals and if they seek treatment elsewhere, the they pay out of pocket. That all their kids go to public institutions.
9. Constitutionally outline governance structures at the County level to manage and account for public resources.
10. Constitutionally ensure that the enter police and military recruitment be focussed on other parameters other than the number of teeth one has.