The ANC would harper on about the Gini-coefficient that measures income inequality to motivate something like more stringent BEE codes, but what they would not tell you is that the Gini does not take into account the racial composition of the richest 10%, the social wage earned by the poor and the taxation levied upon the 10%.Nothing will change until this changes.Unfortunately, South Africa is heading in the wrong direction displaying scant respect for entrepreneurship and employment creation.The flip side of the coin is that these poor social grant recipients will vote in droves for a corrupt political party and its bloated and incompetent civil service. Sickeningly, it is the poor who are the primary victims of this corruption.Some see private business as a cow to be milked, others see it as a predatory creature to be shot, but very few people see it for what it truly is; the healthy horse pulling the sturdy cart. We need a robust, unashamedly pro-business political party, which will seek to create real jobs as opposed to handing out social grants. In this way, South Africans will have their dignity restored. In the process South Africa can once more regain its economic stature.
Posted on: Wed, 16 Apr 2014 07:14:44 +0000
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