Barbadians are being portrayed as over 90 percent literate, but we must ask ourselves if this literacy entwined our behaviour regarding how we are raped by certain multi national monopolies whose only language are Profits, Assets, Dividends and Price Increases. In the last budget speech, Barbadians were fed a rough diet of taxes that are choking us, yet we keep our mouth shut and digest the said diet of bitter pills.
Once before we use to look at homes with electricity, with telephones and with a car as luxuries, but these things are now a necessity. We thought that with the implementation of cell phones was for the wealthy, but we now find that it is a precious instrument for communication. Unfortunately, the PM acknowledged that over 290,000 mobile phones are in operation, thus the excellent reason (in his opinion) to relieve us of $4.00 per month. Owners of cell phones will grease the Consolidated Funds with healthy net revenue of $13.9 million per year.
Cable and Wireless made BDS$659.71 NET PROFIT for every man, women and child on Barbados for financial year ending March 2008.
Are we as a people really analyzed how these monopolies rape economies? Are our leaders really looking at the bottom line especially when these companies have the audacity to let us know that they enjoy a $91 million after tax profit? This is the area where I am angry, fed-up and sick of the raping of our people by companies and our leaders. I am stating that the budget could have embraced monopolies who surpassed a certain profit margin to be taxed accordingly. Would C&W be affected by releasing some of these profits to the consumer?
If as stated by the PM that all these cell phones are in operational, that mean the service provider will be receiving approximately $20 to $40 per month per consumer multiply by 290,000, but alas!, the budget by passed them and imposed the harsh penalty on the consumer. I am saying that Cable & Wireless have been raping us for years and now seeing fit to remove certain costs that should never been imposed in this first place.
This is the time for an open telecommunication market where we will be able to enjoy far better rates. We deserve better Barbados, let’s start putting pressure on these money grabbing entities.
By the way, C&W is now a lean machine due to the downgrading of staff and electronic answering services. What say you Technician?
Written by BFP Reader Tell Me Why.
The phrase in red was suggested by another reader.
Nation News: $91m To C & W In 2007/2008