Why Magufuli administration misses the point on Government splurge

[Rutashubanyuma]

Is capital investment not a useful benchmark in determination of profits?

 

[Rutashubanyuma]

Is selling price not a useful guideline in the determination of profits?

 

[Rutashubanyuma]

Who determines profits?

 

[Rutashubanyuma]

The answer is whoever sets costing index and selling price determines profits

 

[Rutashubanyuma]

All these determinant parameters beyond the purview of the legislature and enforcing agencies

 

[Rutashubanyuma]

Will these laws stop cheating?

 

[Rutashubanyuma]

Over invoicing of expenditure bills coupled with under invoicing of revenue is our undoing and these amendments fail to do that

 

[Rutashubanyuma]

To control fully natural resources you must extract them yourself but gunning down to merchants of hire to carry your can only expose us to more grandiose corruption and sellout by those in position of authority....

 

[Rutashubanyuma]

For pettifogger like this professor who applauds ineffective legislative efforts my advice has always been they have never been part of a solution but quintessential part of a problem

So the less we pay attention to their misinformation and misguided propaganda the better

 

[Rutashubanyuma]

Perhaps the biggest casualty in all this is our credit and investment rating will abseil to levels where no foreign banker or investor will consider putting their money into such risk of political and legal uncertainties

 

[Rutashubanyuma]

All investors local or foreign demand assurance of political and legal stability and what is happening now threatens it all

 

[Rutashubanyuma]

Transactional costs like bank fees and taxes following all proceeds be cashed locally only accentuate the cost of doing business in our nation and investors have all the rights to recoup them rendering the whole effort a zero sum game

 

[Rutashubanyuma]

In the beginning we may deceive ourselves we are striding towards the promised land but the reality is sadly the opposite of those hyperbolic expectation

 

[Rutashubanyuma]

The country is slowly but surely descending into political and legal conflicts unseen since independence

 

[Rutashubanyuma]

The cost of living and its outsize inflation will hit dizzying heights

 

[Rutashubanyuma]

TLS has a valid point, too!

 

[Rutashubanyuma]

To cut down the chase, past recommendations of TLS in many ways are captured in the proposed board to control the quality of our esteemed lawyers

 

[Rutashubanyuma]

Reading a leaf from such recommendations one culls the following genuine complaints

 

[Rutashubanyuma]

The Board ought to be independent from the clutches of the executive

 

[Rutashubanyuma]

The best way to do so is to compartmentalize the Board membership where various stakeholders will democratically elect their representatives