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Taxes! Taxes! Taxes!

Taxes and debt have been rising and there has been very little improvement of infrastructure, unemployment is rife and for most citizens the quality of life in Grenada continues to spiral downwards.

Taxation seems to be the tactic that government is banking on, but to what end. If you have a stalled or even worse, regressing economy, where is the money coming from to pay these taxes? Heavy taxation works in buoyant times. However, in a global economic crisis from which recovery is not in sight, it in fact damages our economy, negatively impacting on our way of life and demotivates the nation. Burdensome taxation is the enemy of economic growth. In the short-term, government gets a cash-flow injection, in the medium to long-run, higher taxes make us all poorer.

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