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{
    "id": 397343,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/397343/?format=api",
    "text_counter": 296,
    "type": "speech",
    "speaker_name": "Hon. Ng’ongo",
    "speaker_title": "",
    "speaker": {
        "id": 110,
        "legal_name": "John Mbadi Ng'ong'o",
        "slug": "john-mbadi"
    },
    "content": "Hon. Speaker, Sir, I wanted just to point out that it is not true that this amendment would destabilize the stock market. What we are trying to do is--- If today hon. Mbadi buys Safaricom shares for Kshs.10 and sells them tomorrow for Kshs.20, he will make a profit of Kshs.10, which should be taxed because it is an income. In this country, the moment you try to tax the rich, they will come up with all manner of arguments, like it is going to discourage investment or you are scaring away investors. Who are these investors? It is us. It is you and I. These hon. Members are protecting themselves; let them not pretend that they are protecting investments."
}