The sole purpose of this thread was to point out very easy ways for the DR government to generate funds. Most of the ideas that I have suggested can be accomplished simply by insuring people do the jobs that they were hired to perform. There have been other suggestion that would require a substantial amount of work to bring about but almost all of them are good ideas.
When taxes go up in this country it affects all of us but not to the extent that it affects the average Dominican. When I look at such things as the quasi-fiscal deficit, which last I heard was RD$28 billion, it occurs to me that if the government were to use their heads correctly, other then their outlandish spending, there would be no need for the Central Bank to offer all those CD?s and bonds at the rates that they offer.
When looking at those bonds and CD?s that the Banko Central offers with their high rates of return, quasi-fiscal deficit, it becomes apparent that the only people benefiting from them are the rich Dominicans and foreigners. The average Dominican can hardly come up with a thousand pesos much less the 50,000 pesos required for these high return options which must then be out of reach for at least a year.
It?s a continuous case of the rich getting richer and the poor getting poorer. The debilitating effect that this has on the average Dominican is not even known by said Dominican due to them not knowing how the system works nor the things that their government is doing to them.
Full circle, that lack of education.
Rick
When taxes go up in this country it affects all of us but not to the extent that it affects the average Dominican. When I look at such things as the quasi-fiscal deficit, which last I heard was RD$28 billion, it occurs to me that if the government were to use their heads correctly, other then their outlandish spending, there would be no need for the Central Bank to offer all those CD?s and bonds at the rates that they offer.
When looking at those bonds and CD?s that the Banko Central offers with their high rates of return, quasi-fiscal deficit, it becomes apparent that the only people benefiting from them are the rich Dominicans and foreigners. The average Dominican can hardly come up with a thousand pesos much less the 50,000 pesos required for these high return options which must then be out of reach for at least a year.
It?s a continuous case of the rich getting richer and the poor getting poorer. The debilitating effect that this has on the average Dominican is not even known by said Dominican due to them not knowing how the system works nor the things that their government is doing to them.
Full circle, that lack of education.
Rick
