Economy
Kenyan Fiscal Crisis: Why More Taxes Could Backfire
In agreement with the protesters, fiscal professionals say history teaches no country can reasonably tax itself to success.
Shereefdeen Ahmad
July 5, 2024
In agreement with the protesters, fiscal professionals say history teaches no country can reasonably tax itself to success.
“It’s an indirect tax on the masses. The service providers will not feel it that much. They will accommodate it and add it to their cost of services, and the masses will keep suffering.”
He worked very hard to succeed in his small-scale business, but the harder he tried, the tougher it turned. Yusuf Taiyelolu, a local hand-weaver in
The essence of financial freedom lies in the ability to make choices aligned with personal interests and goals, and this new policy appears to curtail that autonomy.
President Tinubu needs to promote policies that incentivize hard work, innovation, and investment… Instead of relying on top-down solutions, there is a need to empower individuals and businesses by reducing regulatory hurdles and promoting entrepreneurship.
And yes, we had a wonderful and an amazing ride in 2023. We can’t thank our partners and collaborators enough. This year, we promise to do more better; launch more initiatives and extend our tentacles in championing liberty, individual rights, and free markets.
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Get new insights on pro-freedom issues and current events. Subscribe to ‘Letters of Reasoning’ for weekly expert commentary and fresh perspectives.
