Entry Instance

HTTP 200 OK
Allow: GET, PUT, PATCH, DELETE, HEAD, OPTIONS
Content-Type: application/json
Vary: Accept

{
    "id": 955121,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/955121/?format=api",
    "text_counter": 305,
    "type": "speech",
    "speaker_name": "Ndhiwa, ODM",
    "speaker_title": "Hon. Martin Owino",
    "speaker": {
        "id": 13449,
        "legal_name": "Martin Peters Owino",
        "slug": "martin-peters-owino"
    },
    "content": "Capital gain has been mentioned here again and again. Taxing the rich is not taxing them. How about the young people who want to get into real estate? They will be blocked because they are going to be rich. How about the incentives that have been talked about here? If we target the rich with double taxation the way it is proposed to be increased from 5 per cent to 12 per cent, then it means they will look for another good environment for doing business. We lose business when they move away. That should not be the spirit. Capital gains should be paid, but let us not double taxation on it so that we can also encourage those who are coming into business in order to be rich as we also aspire to be there. We need to give them an opportunity. You can call that an incentive. There is a spirit of entrepreneurship that is at risk here. I have just trained 100 young people. Some are graduates but are not employed. In collaboration with Ajira, they are graduating and now getting into business so that they can do business of value. If you want to start taxing those people, in the first place, you do not have jobs for them but they are qualified. They have gone to colleges and universities. That will not grow any economy. When I talk of economy, it is about consumption and services. In a nation where people are not consuming and are not servicing, and the economy is growing at a percentage of 6 per cent of the GDP, you are not making any dent in people’s lives. The same thing will also affect those who are catering. In my constituency, Ndhiwa, those are poor mothers who are trying to make ends meet, and the young people who we are taking to skills-based training institutions like technical colleges to do catering and later on we encourage them to open their small businesses so that they can make a living. Now you want to tax them. That will not be productive. It is counter-productive."
}