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{
    "id": 397638,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/397638/?format=api",
    "text_counter": 591,
    "type": "speech",
    "speaker_name": "Hon. Ng’ongo",
    "speaker_title": "",
    "speaker": {
        "id": 110,
        "legal_name": "John Mbadi Ng'ong'o",
        "slug": "john-mbadi"
    },
    "content": "Hon. Deputy Speaker, I just want to register my disappointment in the way my colleagues have treated this Bill for two reasons. Firstly, one of the cardinal principles of taxation is equity. You tax less the poor and tax more the rich. What I witnessed this afternoon, sadly, is that this House is very good at taxing the poor and protecting the rich. That is why they have rejected the Capital Gains Tax. Who in this country gets involved in capital gains? It is the rich people. It is those who can buy houses and sell them exorbitantly and those who can afford to buy land along Thika Road, which when it is developed its value increases ten-folds. However, the rich people, who have no voice and whose only power is to elect the same individuals who come to Parliament to legislate---"
}