You might argue that South Africa needs rebuilding and that the short-term injection of money derived from a wealth and supertax would give the country a Red Bull-type boost to get the rusty cogs of growth moving again.
The problem with distributing the money from taxes rather than keeping it in the hands of growth-hungry entrepreneurs is that it won’t be spent where it can deliver the best return. The problem with distributing the money from taxes rather than keeping it in the hands of growth-hungry entrepreneurs is that it won’t be spent where it can deliver the best return.
These are people who either through design or default find themselves outside the corporate world and use the skills gleaned in large companies to venture out on their own. Often it’s because they have seen an opportunity in the sector they serve and know just how best to exploit it. Even among corporate employees, the odds in a stagnant economy of their voluntarily leaving a secure job for a start-up is unlikely considering that once they have made the leap out of a large company, they are unlikely to land a job at the same level again as companies are reluctant to hire someone who has shown a propensity to jump ship and has big demands in terms of pay.
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Second coronavirus death reported in South AfricaThe total number of confirmed COVID-19 cases in South Africa is 1280. Your caption is missing a lot of information, it's dull Why you updating us late and lately you don't update us about number of cases. There will be many more if these idiots who fill taxi's and stand in lines shoulder to shoulder aren't stopped immediately. Are some people just that stupid? When the locations get infected, they just might get it.
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Source: eNCA - 🏆 49. / 51 Read more »
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Source: TheCitizen_News - 🏆 6. / 75 Read more »