It’s official: the Cayman Islands are ridiculously expensive. From overpriced real estate to the extortionately high cost of purchasing every day items, the Cayman Islands is a huge hole in the middle of the Caribbean Sea where a lot of people put most of their money.
There’s no denying that there is a price to pay for living in paradise, but that price is just too high.
Whether it’s Kim Lund and his merry band of self-serving economic prognosticators telling us how great the market is, or the government running out of money for health care and holding liens on people’s private property so they can get health care that isn’t provided by the sham of a health insurance plan called the “standard contract”; you cannot live and work in Cayman affordably and comfortably unless you make CI $50,000 per year – or have 10 roommates and skip lunch.
I won’t bring up the issue of the under-funded pension scheme, other than to say that the government under funding the pension plan of its civil servants is tantamount to theft. Put simply: the Cayman Islands government is stealing from us. They are thieves. Get it? Good.
What’s worse, any time a local business person tries to do something to add value to the islands, local advocacy groups- bent more on saving face than actual species or ecological manifestations of the islands – slow or impede the only thing that will pull Cayman through this tough time: progress.
And the government isn’t without blame either. Poor decisions and bad governance, coupled with political in-fighting and immaturity, have forced our “leaders” to make knee-jerk reactions to a crisis that reached a critical level over a decade ago. Here’s a tip: treat the disease – not the symptom.
And the expulsion policy in its current and potential state will create an even higher level of economic instability and confidence in Cayman. So there you have it – I’ve jumped on the “Cayman is too freaking expensive” bandwagon.
Is anyone going to do anything about it other than impose tighter immigration controls on much-needed foreign labour with the expertise to guide Cayman through these tough times?
Of course they are – they’re going to lower stamp duty and raise the TAX we pay when we use our bank accounts. Whenever there’s an economic problem – print more money or take it from the popluation in the form of hidden tax.
This government, like it or not, is heading down the road to ruin. Unfortunately that road hasn’t yet been paved, rolled, striped or curbed because our leaders didn’t properly fund the project.
Don’t worry though; they’ll find the money in the same place they always find it – in our pockets.