₦airaland Forum

Billyonaire:
[s]I have no idea why its difficult for you to evaluate your assertions with facts and statistics. No country imposes 70% taxation on Yatches and SUVs. And to escalate the tax from 20pct to 70pct is more of a punitive measure for luxurious and oppulent living than targeted at economic growth. I do not expect you to agree with me, after all, my knowledge of psychology of mental orders and disorders expounds on the fact that some people dont just get it. Some people are not ready to accept defeat even when their assertions are floored simply because they hate to see their ego deflated.

When government increases taxation,[/s] Employers fire save costs and also to send a statement to the lunatic Presidents [s]who have never made millions or billions from their personal sweat. They just wanna purnish others for their own silly mess.

Why must government increase tax from 20pct to 70pct. Na rich people destroy the economy ? No be their mumu land this economy on recession ? Why must the rich pay for government's foolishness ? And to actually know that these tax money will be looted by these imbeciles in politics is really debilitating.

You do not increase taxation during recession.
You do not increase interest rates during recession.
You do not punish the upper class during recession.

What you do during recession are;
You lower interest rates to single digits.
You allocate funds to Bank of Industry to empower manufacturers and investors to produce locally.
You encourage consumer spending
You engage in infrastructural development and hire lots of casual workers and put money in their pockets to spend our way out of recession.

Why the Bleep do we work so hard to acquire luxury only to be taxed 70%. Buhari did this in the past and the country was grounded. IBB had to rescue us. Now he has started again.

This Xmas, there was no Christmas light in most homes.
Lots of people in Lagos hide in their bedrooms and never traveled cos they could not afford to.
Many houses are vacant cos many tenants are downgraded financially.

Let us stop adoring these crazy politicians, all of them except people like Ambode. I owe no allergiance to no fucking buddy, so dont even think my loyalty is to a politician or a party. I am done with the partisan politics.
[/s]

Billyonaire:
I told you I was busy. There is no point trying to lecture me on what is good for my business and what is bad. I do not think you are qualified to advise me on such issues. I have nothing on my name except may be personal effects. And that is how it is supposed to be. I am not an average Joe you meet. Assets are listed under corporate ownership. All corporate taxes are listed as such as I handle the Payee tax, I do not earn much as an individual. As such personal bankruptcy can not affect my Corporate Entities and Trust.

I do not think it is based on economic growth postulates that Buhari seeks to increase taxes on luxury items from 20 to 70%. That margin is way too high and looks more vindictive than visionary.

I will repeat this and it is true. The chief reason people work damn hard, invest damn hard and study damn hard, is to live luxury lives and enjoy the fruits of their labor. If a thieving politician decides to target your taste for luxury items which fueled the passion for your hardwork, then that sort of government is promoting complacency, discouraging enterprise mindset and extolling the virtues of pauperism.

Do not argue to win, always argue to learn. So far I think you are missing that mark.

Enjoy your day, but think differently next year. I have nothing against a uniform increase in tax to meet needs of a country, but using a standard economic models, countries in recession are encouraged to catalyze consumer spending, increase tax cuts to put money into the pockets of the citizens and introduce social welfarism. But in Nigeria, we are unfortunate to have ignorant people managing the Economy.

Does not make sense to me no more. Just hope we havent gotten to a point of no return.

Billyonaire:
You are already scared that I might fire you on all 4-cylinders, but I will not. Not because I am some heavenly bound religious guy, but because I think your line of reasoning though judgmentally myopic has to be respected.

In your warped reasoning, you did not understand that I was speaking for all hardworking employers out there. Why do you think people work damn hard for success ? Most people work so they can afford the luxurious things of life. This is a fact.

So, if a govt is undermining the very reason I worked damn hard, in order to save enough so they can steal, what should an investor do ? You search for a different economy with less vindictive government, stable tax regimes and take breaks for investors and move businesses there, and for the staff in the target country ? They head back to their homes.

You were emotionally occupied with desire to criticisze my point of view, without questioning the reason any govt will 'jack up' tax on luxury products from 20pct to 70pct. Looks more of a punitive measure than Economic revitalization plan. What government doesnt wanna see yatches on her waters and great SUVs on her roads ? Are we Benin Republic now ?

What fucking sense does it make when they will steal all the money anyway and borrow more and still steal them.

I like to pay taxes as long as it is put to great use, but in this country, my taxes end up in the pockets of politicians.

Do not bother to respond, I am busy.

Billyonaire:
So, this is war on the upper class, right ? If my fantasy is yatch and supercars, I will fire most of my staff and save their salaries to cover the difference in taxes as a pay back to this poverty-manufacturing government. So govt will have to contend with their poverty or the impending rise in crime rate.

Why would a goverrnment focus on impoverishing the citizens ? Is it a crime to be rich or to desire luxury products produced by real countries and not some failed sub-saharan oil dependent tribal contraption ?

repogirl:
Watch as it gravely backfires...As usual. There was a reason NOI held off on its implementation but Kemi will rush in without considering other factors.

okonja:
I wonder how this guy became the Sport Minister when we have the likes of Samson Siasia... and Austin Eguavon

Love Machine:
Buhari is endangering the lives of soldiers and civilians.What if there are mines in the forest?They should move borno state governor's lodge and house to sambisa forest.

maximunimpact:
He said troops were already conducting a mop up operation in the forest after the last strong hold of the Boko Haram terrorists was captured.

EnEnPeecee:
Thunder fire shekau and Buhari




Meanwhile, Sambisa has been captured where are the remaining Chibok girls

sucess001:
Nigerians doing article on how to cook lake rice like it's some technological discovery...chai!

Teewhy2:
We are to wasteful in this part of the country, we spent money too start a project but we abandon it half way either due to improper planning for the project or because of politics ( the person that started the project is not from my party or tribe) without considering the benefit of the project to the citizen or the amount of money that has been spent on that project .If you go around the country you will see a lot of abandon NIPP projects, This projects are initiated to provide electricity to small community around the area but are not functioning.
Some of the projects are 70-85% completed, while we have communities around the area not having light for more than 10 years, take mowe-ibafo for instance no light for 10 years and we have a power plant at akute which has refuse to work and keep gulping money for like how many years now.
I will say if Nigeria is to develop we need to inculcate continuation process in our government, look at the amount of money that was spent on light rail that was abandoned in rivers state, what I expect from the new government is to continue with this project and if you feel you need to review somethings either cost or the route it is understandable.

baum1:
Bro, you are free to take your position. That's okay. The fact remains that in computing the O'level GPA, an assumption was made and it was that the student either made an F in the 8th subject or registered for the 8th subject and didn't take it or worst of all took less than 8 subjects. The assumption turned out wrong. The problem was even compounded by the fact that the uni's portal failed to accept some of the subjects that the girl took. If they had addressed these issues, not sure such an excellent student would have been omitted. The student has faults for not whistle-blowing, but IFE has a greater fault for creating an inefficient admissions portal and making assumptions. I believe this should be clear. Please read the other thread for the proof that the girl's subjects, some where not entered

If a university wants to develop, the university's admission process is vital. No room for assumptions, get results from the horses' mouth. It's that simple. Scratch cards are available. Admissions office can't be lazy. And if IFE wants to near the kind of level they are aiming for, an efficient admissions system is very vital. It's that simple.

You see, to avoid this kind of problem, a university should follow more efficient processes. Get the results from the main source. It's that simple and it is what many universities across the world do.

Meanwhile, another area I need a proof is that 'it was clearly spelt out that 8 subjects would be used to calculate the final marks of students'. Because it is possible that some of the rookie students were thinking 'abi I passed 5 relevant subjects, so anything less than 5 go do'. One of the major issue here which I suspect, although I stand to be corrected, is a lack of initial transparency. Students didn't have a clear idea of the entire process, leading to the many assumptions from students and, unfortunately, the university officials. Would be good to get a view on this..

baum1:
Guy, what are you trying to defend inefficiency? I have a degree from Stellenbosch University and the picture you are trying to paint is untrue.

Stellenbosch does not admit you if they are unsure that you have supplied ALL information about your past education. This is a school I attended, so I know.

See, no need to try and defend IFE. They have made a mistake here. I don't want to push more. I am sure you know what certified copies of results are. In case you don't, it means copies of original results statements/transcripts signed and stamped by the court of law or notaries public. At some points, some of these foreign universities were even requesting scratch cards from West African students in order to check their results online. I'm sure you know that certified results are not the same as results entered online. To certify something, the originals must be seen and copies signed and stamped by someone as evidence that original had been seen.

See bro, I'm beginning to suspect that I have been around for a longer time in the world than you, just as others have been around longer than me. That's fine. I like the way you're trying to defend your position, and an older person truly does not know all, but on this one, IFE did inefficiently.

Please don't let me expose myself..Already giving too much info. IFE made a costly assumption on this one, and I cannot see how they are right here. We should desist from defending what is not correct or blaming someone who has some innocence.

baum1:
Guy, what are you trying to defend inefficiency? I have a degree from Stellenbosch University and the picture you are trying to paint is untrue.

Stellenbosch does not admit you if they are unsure that you have supplied ALL information about your past education. This is a school I attended, so I know.

See, no need to try and defend IFE. They have made a mistake here. I don't want to push more. I am sure you know what certified copies of results are. In case you don't, it means copies of original results statements/transcripts signed and stamped by the court of law or notaries public. At some points, some of these foreign universities were even requesting scratch cards from West African students in order to check their results online. I'm sure you know that certified results are not the same as results entered online. To certify something, the originals must be seen and copies signed and stamped by someone as evidence that original had been seen.

See bro, I'm beginning to suspect that I have been around for a longer time in the world than you, just as others have been around longer than me. That's fine. I like the way you're trying to defend your position, and an older person truly does not know all, but on this one, IFE did inefficiently.

Please don't let me expose myself..Already giving too much info. IFE made a costly assumption on this one, and I cannot see how they are right here. We should desist from defending what is not correct or blaming someone who has some innocence.

baum1:
The truth in all these matters is that IFE has made an assumption which turned out to be unfactual, unfortunately.

I will write exactly this and send to the honourable prof after receiving his response to my first email. I think we should give the prof some credit. It's not easy for people holding high offices in Nigeria to be accountable to 'the low levels'

baum1:
Good one bro. The student needs OAU more, that is one. Two, they made a heavy assumption in the data provided and this was even clearly their fault as their system didn't have space for some of the subjects that the young girl took. That's quite clear, no? Check the other threads where people have discussed this. They assumed the student must have either gotten an F or registered for the exam but didn't do it. That is a hasty assumption..If I am doing analysis and I get data from the world bank and the data points from the world bank are missing in some years, it is reasonable to assume that the data truly does not exist when I have not done my due deligence to establish this fact by either checking the country's government website (horses mouth) or checking other data sources such as the IMF, Trade Websites etc?

From every angle that we bring it, it is evident, and become increasingly evident, that the school made an assumption, a hasty one, that turned out to be untrue. I bet they didn't know if would go this far.

baum1:
Guy, this is not about spoon-feeding. This is about doing things the right way. Let's not bend the issue at hand. A university does not base admissions decisions on assumptions. It bases them on hard facts. And the most robust ways to get hard facts is to get them from the horses mouth, the examining bodies. Bro, not sure, but I hope this is not what you are arguing sha. Because that would mean it is fine that our universities, even the very best ones by naija standards, remain at the very bottom of the barrel in the admissions process. I rate IFE really high, that is why I'm providing such sensible suggestions. A university that has class cannot base admissions decisions on assumptions. It is clear that this one was based on assumptions that turned out untrue - on both parties' angle.

IFE has fault here, just as the naive student has fault. Who is supposed to be more sensible in academic matters? 17 year old or an institution that has been around for close to 50 years and parades some of the best profs in the country and perhaps in Africa?

Can't believe we are debating this.

baum1:
That's the point bro. You can see for yourself that the admissions process was based on hasty assumptions that turned out to not hold water and unfortunately destroyed the chances of this brilliant girl.

To avoid such stories, the universities should get the grades from the examining bodies. Simple. And then do whatever GPA calculus they want to do..Not put the weight on naive 17 year olds who may think they are being smart but are actually acting foolishly. IFE should learn from this..I will definitely send this advice to the professor himself, with the required respect and humility.

seriousstudies:
This is absolute nonsense, am into academics and i can authoritatively reveal that this girl was denied admission for no just cause. here are the questions to answer.
1. How many people scored 320 and above who applied for medicine in OAU?
2. how many who had such mark also have a good o level result.?
The provost should rather show us the comprehensive list of students admitted to study medicine with their scores and o'level. This is absolute thrash, the poor girl was simply denied admission. He is telling the public stories.....

Dreyl:
Nonsense!

Jafar1:
MR BUHARI, IF U CANT PQY ALL THOSE SALARIES TODAY OR TOMORROW, THEN U RE STUPID COS WE NEED SALARIES BEFIRE XMAS NOT AFTER XMAS

mengho:
whatever, we be team virgin & purity till wedding night

mengho:
what a wonderful write up, may God bless you

Brightgem:
Shut it abeg! what an insult to women, girls and ladies who actually lead their lives with dignity. who havnt slept with dozens of guys. "you lots" refers to ur sisters, cousins, anuts, nieces ryt? I guess ur daughters too will be sent to twerking school. Men are the bigger hoes cuz all those u call hoes are satisfying the needs of "men" men were made to lead, when they raise their standards too, we will have better women. Again! shut it.

I888:
i knew someone, likely a lady, would take your stance.

Not saying what he did was right, but we have no idea what the lady did that could make him take such action.

Newton 3rd law of motion: To every action, there is an equal and opposite reaction.

Some actions are proportional to a reaction.

I know for sure I have been driven to think nothing bu evil towards my ex, the only person I couldn't forgive for more than 2 years, except for God's grace that held me back.

iykedare:
The past can't just be the past like that. She is a h0e. Who told you he was interested in being her groom? I'm sure if some of you are asked why you sleep with dozens of guys before you get married, your answer will be that they weren't good enough to be the groom(s).
You girls are pathetic. Why do people still waste their hard earned money sending you lots to school?

You lots are better off in a twerking school or a bj school since that is what y'all do so well.

Efe16:
the ex is so childish. if u were good enough u would have been the groom. the past is in d past.. let her b.. after spoiling the wedding what did he gain?. in his small mind he has revenged.. no wonder they broke up he is a boy fool not a man

frankloloko:
How does it taste ? What's the difference between 12 and 19k ? Nigerians are just too stingy . Has anyone here tasted sealed rice ? That's is what all these politicians eat . Imagine obj is more than 80yrs and still going strong . Good food is the key to healthy living . I can't risk my life buying this rice .

gbadexy:
I was at teslim Balogun stadium earlier but the process seems too strenuous.

seguno2:
Perhaps the inadequacy of the "civil ways" to promptly and rightly deal with such painful deprivations.