Hot take: We have policies that can satisfy the poor, the problem is we have no policies to satisfy the rich.
Because the rich want to get richer. Enough is never enough.
Something I learned from my late great Tuft’s economics professor Linda Datcher Loury, when the split between capital and labor is roughly 50/50, shareholders and owners taking their share, workers taking theirs, the country does very well.
There are higher living standards and a stronger middle class.
When that starts to shift and capital takes more of the economic rent for itself, people get angry.
Right now we’re at 53/47 in favor of capital and you can see the results everywhere.
Teddy Roosevelt understood this intuitively.
He saw that there were one or two people sitting on two and a half percent of the entire GDP of the country.
So he told them to knock it off. We need that leadership again.
Someone willing to walk into the room and tell the people with all the money that the game has to be fair enough for everyone else to want to keep playing it.
@MarkJGolding 💯 How can any well meaning Jamaican support billions of dollars of tax payer funds being allocated without the application of basic tenets of governance? No bank, securities dealer or pension fund management company would by authorized in such a manner.
@DamienWKing After a certain level of wealth I don’t think it matters. If you are applying wealth taxes to billionaires for example, the issue is society has decided that the primary issue of fairness relates to the fact that the billionaire has enough wealth to give some to help others
@JuniorB16439795@MarkJGolding They have the legal authority of the Parliament of Jamaica to do their work. When their reports are made public everyone is able to comment and decide on the efficacy of the report. You should be advocating for the report to be made public if you think the report is substandard
@DamienWKing Who is paying for the cost of exploration? If the Government of Jamaica is paying then that say a lot about what oil companies think about the likelihood of discovering oil that is profitable to extract.
@BeckyQuick Big up to you, Matt and your entire family for sharing your life with your beautiful daughter Haylee. One of my daughters struggles with clinical depression so I know the feeling of being a parent who can only be as happy as their least happy child. You rock!
I didn't know that territorial sovereignty was a concept that Venezuela even knew about since just this year they threatened to annex about a third of Guyana. Remember that?
Let me put this in other terms. The country has been hit by a disaster costing more than a third of its GDP, and S&P's outlook is "shrug, no worries". That's the importance of a solid, low-debt fiscal foundation.
@marshall_d33672 This is a great example of someone trying to rewrite history. PM Holness’ administration has only been able to achieve the successes with Jamaica’s debt to GDP ratio and record foreign reserves because of the decisions taken by previous PNP and JLP administrations.
Emancipation Park, Sunday evening. Vibrant. Full of energy and joyfulness. This lot used to be a barren dust bowl. Can we take this lesson and do the same for the dustbowl that is Heroes Park. Is it only uptown ppl that deserve attractive public spaces?