No Income Tax in Cayman

Gordon Barlow wrote:

Our government gets a third of its spending-money from Import Duty on all goods brought into Cayman. This Duty is reflected in the high retail price of everything. The tax-haven clients pay most of the rest, with some help from our tourists. As for what government spends all its revenue on - don't get me started! A huge, huge amount is wasted. I have posted some severely critical comments on this topic on my personal blog. If you're thinking of living here, you should read them; but if not, never mind.

Hello Gordon, 

In St. Lucia, the Government is the sole importer of sugar & flour, which of course translates into revenue in commissions and also in regulated price control, which I think it’s good.
Small quantities of flour are now imported privately in SLU, but not to compete with Government.

Do you agree or disagree with this type of G’vmt generating a  revenue?

In Barbados they have a widespread work-share plan in place whereby Tom goes to work on Mondays till Wednesdays and Harry goes on Thursdays till Saturdays.  Next week they change.  This way everybody gets a few dollars and also gives everybody free time to work for 2-3 days as self-employed persons.
Every island finds ways to make life easy for its people, and after living for 22+ in the tropics I realize how difficult the available options and decisions on new directions is for officials in small communities like island nations.

I believe in Internet power and in the next generation of islanders (those who are now 10- 12 of age) who will find plenty of work to do online instead of chasing after old-style jobs (the way jobs are now).
Finding work in the next decade will be a function of (1) public demand switching from subsistence thinking into innovative thinking for ways of using the computer and (2) employers changing habits to accommodate such new and modified demand.
We are now in 2013 in the Stone Age period of the computer era and this has to evolve the same way the Stone Age evolved.

I also believe in self-employment through cyber-trading securities (stocks, Forex, futures) privately as the only means to achieve spiritual & financial freedom (even if not riches! … ) and the only way to really restore human dignity.
More than the citizens of big countries, islanders should be the first in line for these changes to occur and these changes should be the first & last prayer at Sunday Mass, not what it is now.

These are three unrelated ideas for us, islanders.

I’d like to hear from you.