Showing posts with label Renganaden Padayachy. Show all posts
Showing posts with label Renganaden Padayachy. Show all posts
Sunday, June 07, 2026
Dawnlod Nu Liv Gratis Pu Konpran En Ta Zafer Mari Vit
Labels:
Books,
BRP,
Chagos,
fact-check,
Flat tax,
Food Security,
Health System,
IPP,
Navin Ramgoolam,
Paul Berenger,
Pravind Jugnauth,
Rama Sithanen,
Renganaden Padayachy,
Trickle-down economics
Sunday, August 10, 2025
Padayachy Statements That Don't Survive A Fact-Check
1. Mauritius is in an economic boom (2024). His justification in August 2025 is that we've clipped growth rates higher than 5% for the preceding three years. The only reason we've clipped these growth rates is, as the following chart pulled from WTVF shows, that the economy has been rebounding from the nearly 15% contraction caused by Covid in 2020. We should also note that Mauritius has been one of the last countries in the world to get back to its pre-Covid levels of activity.
Friday, June 04, 2021
World Bank Not Shutting Down Yet, Publishes Another Sloppy Report Instead
The Country Economic Memorandum (CEM) for Mauritius that came out recently is typical of the dumb reports that the World Bank (WB) dishes out non-stop. Skimming through it immediately brings back to mind Lee Kuan Yew’s famous observation:
What Harry Said
About the WB
“The World Bank report’s conclusion are part of the culture of America and, by extension, of international institutions. It had to present its findings in a bland and universalizable way, which I find unsatisfying because it doesn’t grapple with the real problems. It makes the hopeful assumption that all men are equal, that people all over the world are the same. They are not.”
Sunday, March 29, 2020
Padayachy is Two Budgets Late
He should have presented one early in January to put back corporate and personal tax rates on a sustainable and progressive path – raise maximum personal rates to 40% or more and the corresponding numbers for corporates not below 30% – because fourteen years of trickle-down economics were about to send our economy crashing into a wall. As chart 1 shows GDP for 2020 was expected to reach Rs530 billion before Covid-19 appeared on the scene instead of the Rs918 billion needed to keep the regressive tax code. That’s a shortfall of Rs388 billion. 2021 was supposed to be the year our GDP crosses the Rs1 trillion mark. That was not going to happen and our economic output would have still fell short of that milestone by a lot even in 2024. In fact the gaps between the two variables would have kept on increasing with GDP in 2024 less than half where the Sithanen flat tax had promised to bring it.
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