Kwame Owino Profile picture
Libertarian at a Kenyan Think Tank trying to make sense by asking: Why are we here?
Sep 19, 2018 5 tweets 1 min read
After parliamentary group caucuses yesterday, it appears MPs will pass the amendments proposed by the executive and load more taxes on Kenyans. The problem is MPs think this is a one time tax raise to fix things this year but we are on the debt treadmill so next year they will have to feed the Leviathan again.
Sep 18, 2018 4 tweets 1 min read
The narrative in Kenya has changed to the claim that this administration is incompetent because we lack a strong opposition. Folks, do we ever listen to ourselves talk? Kenyans, we must not deceive ourselves. We are in a problem that requires sound knowledge of the modern economy and how it works. Competent economists must have a voice or you just see the worst economic management entrenched.
Sep 15, 2018 6 tweets 1 min read
Folks, reduction of the VAT rate on fuels from 16 % to 8% doesn't mean that the revenue generated will fall by half. You only think like that if you haven't cared to go to class or borrow an economics text book to understand elasticity and tax incidence.
Sep 2, 2018 10 tweets 2 min read
Folks, I look at all national papers covering this VAT on fuel news and think it's nothing but "Manufactured rage". The reason I call this manufactured rage is that the time to have expressed this rage was four years ago when public sounding started rising by 200-300 billion every year, with parliament's approval
Aug 14, 2018 7 tweets 2 min read
Folks, irony is that people are blaming IMF and World Bank for no reason yet they were giving high fives for promises for stadiums, tablets for school kids and last mile connections to nowhere. The mad spending sprees that GoK went on since 2013 was pure bread and circuses policy of throwing money at problems and acting as if it's a benevolent parent with unlimited money
Mar 25, 2018 17 tweets 5 min read
Folks, @KNBStats is one of the few government bureaus that @IEAKenya gives five star for accuracy of information Very rarely does it publish incorrect data for mischief and never obfuscates about it's publications
Feb 16, 2018 20 tweets 3 min read
Folks, I hate to give stick to the Kenya press corps but coverage of incident I which an MP was arrested for Treasury Bill fraud is not being explored. This implies that someone found unauthorized ways to add to the total public debt.