Your hard-earned money is as good as you can manage it and not even the best of financial analysts, investment managers or accountants can come in between. As Kenyans we can deal with the statutory deductions like NHIF, NSSF, and taxes, that’s fair enough but a statutory deduction into a savings scheme is subject to endless debate.
Not with what we have seen with our naked eyes how some public servants have climbed the wealth ladder embezzling these funds, looting and stealing from the public like we are their slaves. We know better than to trust a government scheme for pooling our savings.
Narok Senator Ledama Olekina in his official Twitter handle today, said that he is looking to change the future of Kenya, by guaranteeing each of us one. To do so, he is proposing to introduce a bill in parliament, which will mandate every Kenyan to save 40% of their earnings (untaxed) in a special Government fund and do away with on capital gains.
He goes ahead to propose that those who don’t work, the government will pay for their training until they get a job, in the spirit of inculcating self-reliance through work and not welfare and that as a country we must build our Human Resource and Create Jobs for our Citizens.
While Senator Ledama, said to be a results-oriented leader with a proven track record in attracting investments to promote social development and economic growth, sits in a position of power and influence, his idea could be the magic bullet to set the country into its rightful course, Kenyans have been quick to boldly express their lack of trust in the government system.
1. Damn right, betting is better off.
That is untenable in Kenya. Go have a walk to penison house and see how pensioners are harassed. Heri niweke pesa yangu kwa sportpesa kuliko kwa mkono ya hawa wezi.
— Adam Birik (@adambirik) December 16, 2019
2. Louder for the people at the back.
Ati the government to do what??? pic.twitter.com/Mw3lG4ra8A
— Distinct Distinction (@DistinctDistin2) December 16, 2019
3. We barely have enough to take the risk
Yaani you sat down and after a serious thought this is what you came up with. How many do you think are left with 40% of their income after they have met their obligations. Not everyone earns millions like you.
— Helmut Herzsprung (@HelmutHertz) December 16, 2019
4. NO WAY!
— Dillinger Kamau 🇰🇪 (@Reubente) December 16, 2019
5. Good thinking
Are you sure the money won't be stolen?
Why not introduce a bill on all new business by anyone under 35yrs old not to pay any taxes for the first 6months?
This will have a much larger impact
— Kenya Rising (@Jose_Wangondu) December 16, 2019
6. With the cost of living this high?
Bring the cost of living down and Kenyans will save. Contributing to a fund that can be looted will not go far…. your work is to create an enabling environment for investment and citizens do do business, save , live etc
— Njugi (@dnjugi) December 16, 2019
