stakehigh
JF-Expert Member
- Aug 9, 2019
- 39,746
- 40,085
I used 1% as an example but in reality, the government has to look for ways to get the 100B from increase in tax, what the amount will be charged is a government thingI can see the lessons are closely getting into your head. First and foremost 15% of 1M is 150k.
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One bale of 2kg maize flour which is among the most expensive ones is 1840, 1% of that bale is 18 shillings only, most family in Kenya are 4-6 at most, meaning that bale watamaliza nayo almost 3-4 months with it.
In real sense they will only get a tax of 3*18=54 on the lower side or 4*18=72 on the higher side per year.
Sasa ebu niambie, What's 54 or 72 shillings per year compared with 150k per year? After 15yrs interest earned will 2.25M but only 810 will be the 1% on Unga after those 15yrs.
You are an idiot.
2) Bond is a stupid business you cant earn 2M in 15 years and congratulate yourself that you have done business, inflation in kenya is around 5% annually, so the amount you receive annually is useless in respective to purchasing power of the nation (although its out of the scope of this topic)
3) In total kenya has to pay back 145B for both loan + interest, THE 100B was just for the interest alone, now lets do the maths! Maintaining a modern stadium to keep up to its standard as per google costs minimum $2 to $10M, lets go with the minimum of $2M (200M KSH)
now adding both the payback amount and cost to maintain it, Kenya needs 200M KSH for the maintain cost + 44B to pay back to the initial principal, now lets do the maths! How much does kenya league generate annually? Using kasarani as an example, how much has it generating annually? if you consider all these facts its clear that even the maintenance cost will still have to fall on the tax payers! again how much they will increase no one knows but taking all these into facts you get a clue whats the fate of kenyans after AFCON, however it was wise to take lessons from kasarani before it was finally abandoned
NOW:
with all these remarks, is it worth it?