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CESRA turns up the heat.
The
boiling frog dilemma anecdote describing a frog slowly being boiled alive is an apt description of what is happening here in The Bahamas over the past couple decades.
The political class keeps ratcheting up regulations and taxes without much fuss from the frogs (business community and the taxpayer), as if the economy is their personal stove and pot of water, and we continue sliding toward darker days.
The governing party –
the banner does not matter – keeps assuring us, if they just add a few more regulations that effectively tie the hands of entrepreneurs and business, and tax everyone a few more dollars, all will be well. Yet the effects are obvious. Businesses fail, investors go to Turks and Caicos or elsewhere and Bahamians hold back on investing and many families now encourage their children to stay abroad after school so they can find work. ....

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