Founding President of Imani Africa Franklin Cudjoe has said that he does not expect Finance Minister Ken Ofori-Atta to introduce new taxes in the mid-year budget presentation today Monday, July 31.
He noted that Some taxes imposed by the government is not only a lazy way of raising money to finance poorly thought policies and a very large and unproductive size of government, it drives millions of severely poor citizens further into extreme penury.
These taxes a reverse of what was promised in the ruling NPP government’s manifesto- from taxation to production.
“Hopefully no new taxes will be announced by the Finance Minister today,” he said in a short statement.
Below is his full statement…
Hopefully no new taxes will be announced by the Finance Minister today.
1.Some taxes imposed by the government is not only a lazy way of raising money to finance poorly thought policies and a very large and unproductive size of government, it drives millions of severely poor citizens further into extreme penury. These taxes a reverse of what was promised in the ruling NPP government’s manifesto- from taxation to production.
- There is no worse tyranny than to force a man to pay for what he does not want merely because you think it would be good for him.—Robert A. Heinlein,
- The wages of sin are death, but by the time taxes are taken out, it’s just sort of a tired feeling.—Paula Poundstone
4..Government’s view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keepsmoving, regulate it. And if it stopsmoving, subsidize it.– Ronald Reagan.
- Giving money and power to government is like giving whiskey and car keys to teenage boys.– P. J. O’Rourke
- The real goal should be reduced government spending, rather than balanced budgets achieved by ever rising tax rates to cover ever rising spending.– Thomas Sowell
- Which countries contain the most peaceful, the most moral, and the happiest people?
Those people are found in the countries where the law least interferes with private affairs; where the government is least felt; where the individual has the greatest scope, and free opinion the greatest influence; where the administrative powers are fewest and simplest; where taxes are lightest and most nearly equal–Frederic Bastiat
- Elections should be held on April 16th- ( April 18th for Ghana??) the day after we pay our income taxes. That is one of the few things that might discourage politicians from being big spenders.–Thomas Sowell.