The #1 reason I signed up on SomaliSpot.

[Deactivated]

I think what you are looking for is social-democratic state like that Danish, whom is also build on a homogenous and ethnic supporting the same services.

Not at all, please don't go back to politics.

Wealthy Norwegians are moving thier money out of Norway and into onshore low tax havens like Latvia and even Georgia--fuckin georgia.

Why should be taxed to pay for services that go to non-Norwegians?

Somalia won't have the problem because taxes will go the Somali population and not for some Ethiopian taking social assistance in Somalia.

 

[jugjugwacwac]

What are you babbling about? Who's "we"?

Me and you. Remember all of those things you listed that in your mind makes South Korea third world socially speaking, like high suicide, crazy working hours, image obsession, plastic surgery capital of the world? Can u find a third world country where those same things are a problem? I agree with you that those things are a problem, but they are a result of first-world secular hyper-capitalism, which leads to a lack of meaning and a spiritual void, which in turn fuels materialism and nihilism, leading to the social ills you listed.

 

[Prince Abubu]

The government cannot pay for social safety nets without first having a strong private sector for a tax base.

You're putting the cart before the horse sxb.

We already have a strong private sector. In fact, in Somaliland for instance, it's only the private sector that does anything. But at the same time, millionaires like Dahabshiil, Indodheero etc are allowed to make money, create monopolies without paying any tax.

Ideally, I'd like to get rid of a money-based economy completely, but little steps. The government should nationalise all natural resources and utilities. Water, power, oil, gas, and food should be under public ownership. The income generated from such vital industry would then be put into a Somali Sovereign wealth fund, which would be then used to pay for projects that benefit the public e.g. faster internet, help for disabled people.

The money collected from tax would be used for infrastructure and housing.

 

[Deactivated]

edit: actually yes. If I'm operating a Canadian company, I don't see why not.

It's not a Canadian company! It's Somali owned company.

You make profits in Somalia and take a quick visit to see family in Canada. All of a sudden your passport is suspended and you cannot leave the country until you pay your taxes.

How would you a socialist answer that to a capitalist?

 

[Prince Abubu]

Me and you. Remember all of those things you listed that in your mind makes South Korea third world socially speaking? Can u find a third world country where those same things are a problem? I agree with you that those things are a problem, but they are a result of first-world secular hyper-capitalism, which leads to a lack of meaning and a spiritual void, which in turn fuels materialism and nihilism, leading to the social ills you were describing.

All third world countries, and a lot of first world ones have poor social policies. India, China, Philippines, Vietnam, Somalia, Ethiopia etc..have little to no social welfare. While countries like America and the UK are drastically trying to cut social spending.

 

[Deactivated]

People sleeping on gold while killing each other for Xoolo. The private sector is the way to go bro.

What you just said is:

That's a quote I have above my beds headboard

 

[jugjugwacwac]

All third world countries, and a lot of first world ones have poor social policies. India, China, Philippines, Vietnam, Somalia, Ethiopia etc..have little to no social welfare. While countries like America and the UK are drastically trying to cut social spending.

lol, I'm not talking about poor social polcies. I'm talking about the examples you used to show that South Korea is third world socially speaking. U can't use those examples when they don't even exist in the third world. But I do agree with u that they are definitely problems nonetheless, and I do agree that social policies and safety nets are very important.

 

[black]

It's not a Canadian company! It's Somali owned company.

You make profits in Somalia and take a quick visit to see family in Canada. All of a sudden your passport is suspended and you cannot leave the country until you pay your taxes.

How would you a socialist answer that to a capitalist?

Socialist? I am not a socialist. Are you a Canadian resident living in Canada in this scenario? As a Canadian in Somalia, operating a Somali company, no I do not think you should pay taxes to Canada on profits.

 

[HuunoHunter]

What you just said is:

That's a quote I have above my beds headboard

Somalis need to understand the value of money, not the value of whose clan has more neef than the other.
Yes life is too short, but I want to atleast make sure that the Somali children who will be born in 10-20 years from now, to have a better shot at this transitory life.

 

[Deactivated]

How much do you need for something as complicated as that?

Start small like Samsung and LG.

They started with fishing and trading.
Moved profits into another infant industry and so forth.

Polictians steal from the country. CEO can't do that in Somalia. You need that money go back into the business.

So start small, farming the best way and most practical. Invest in a cash crop like sesame and make value added products from it like oil, hammus and tahini as an example. Brand it and sell it Arabs and Asians.

Take your profits back and invest in other inefficiencies you fight through your companies process: Example, you might want to invest profits into a farming machine tool business. Because you found it costed you money when your equipment was down. Etc.

In Somalia if you start a business or any kind of business; you will always need someone to solve the inefficiencies your run across. If you follow that rabbit hole method, it actually creates more opportunities for you to start another business, that solves your own problem.

 

[jugjugwacwac]

Start small like Samsung and LG.

They started with fishing and trading.
Moved profits into another infant industry and so forth.

Polictians steal from the country. CEO can't do that in Somalia. You need that money go back into the business.

So start small, farming the best way and most practical. Invest in a cash crop like sesame and make value added products from it like oil, hammus and tahini as an example. Brand it and sell it Arabs and Asians.

Take your profits back and invest in other inefficiencies you fight through your companies process: Example, you might want to invest profits into a farming machine tool business. Because you found it costed you money when your equipment was down. Etc.

In Somalia if you start a business or any kind of business; you will always need someone to solve the inefficiencies your run across. If you follow that rabbit hole method, it actually creates more opportunities for you to start another business, that solves your own problem.

Great stuff man.

 

[Deactivated]

I'm aware of that. I'm not at all against capitalism. I'm against a completely free market, but that's an entirely different debate. You seem to be severely underestimating the importance of politics. It's a foundational building brick to a successful nation with a successful people and businesses.

Can you not see how Korea then as a government, is ahead of us now? Do you think that our government would be able to do what Korea did tonight? I don't mean in theory, but in practice. Yeah.. I don't think so either

Korea had a military that started an "Economic Council" and brought in the leaders of the Private sector. They said "We need trained human capital".

The greatest resource in Korea are the Koreans themselves.

But Dulis like you keep pestering in politics and slowing down the markets.

 

[Deactivated]

All third world countries, and a lot of first world ones have poor social policies. India, China, Philippines, Vietnam, Somalia, Ethiopia etc..have little to no social welfare. While countries like America and the UK are drastically trying to cut social spending.

All those countries you just mentioned don't have what Somalia has: LOW POPULATION.

Somalia cannot be a social state with 100million Somalis breeding like rabbits.

 

[Deactivated]

We already have a strong private sector. In fact, in Somaliland for instance, it's only the private sector that does anything. But at the same time, millionaires like Dahabshiil, Indodheero etc are allowed to make money, create monopolies without paying any tax.

Ideally, I'd like to get rid of a money-based economy completely, but little steps. The government should nationalise all natural resources and utilities. Water, power, oil, gas, and food should be under public ownership. The income generated from such vital industry would then be put into a Somali Sovereign wealth fund, which would be then used to pay for projects that benefit the public e.g. faster internet, help for disabled people.

The money collected from tax would be used for infrastructure and housing.

That wealth fund would have CEOs from the private sector with proven track records in providing returns to shareholders. The fund wouldn't have an incompetent CEO who's a clan leader

 

[black]

Korea had a military that started an "Economic Council" and brought in the leaders of the Private sector. They said "We need trained human capital".

The greatest resource in Korea are the Koreans themselves.

But Dulis like you keep pestering in politics and slowing down the markets.

Are you intentionally being obtuse? There's fucking widespread corruption and sheer ineptitude in the government. HOW IS THAT NOT AN ISSUE? These guys had literally stolen 68% of the budget fairly recently. I have new faith in the new administration, but I doubt much of this will be dealt with quick enough. And you're comparing us to Koreans who made an excellent decision to hand over blank cheques to the right people. Are you doing this on purpose? You even said it yourself, Koreans are killing themselves, Somalis are blowing up markets and hotels. La xawla wala quwwata illa billah

 

[Inquisitive_]

The biggest issue with the quackanomics and quakademic community (whom I consider worse then the hood lumps) is that they simply cannot look outside of that false paradigm/trap/system designed to ensure their perpetual enslavement, even if you give them 1 million years on this earth to figure out a solution! they simply can't! beyond the current models/trends.

Bernard Von Nothaus of liberty dollars was jailed for 15 years minting & circulating a currency designed to compete with the US dollar, this was likened to domestic terrorism by the USA and he was quickly thrown in jail.

This man along with many throughout history understood the elaborate scams taking place because for as long as these oligarch financiers control the 'credit' which they bring into existence from 'nothing' charging interest, you will forever be on the loosing end and even worse at their mercy.

The Chinese have woken up working on a Gold back Yuan, so are the Russian's (both hording Gold), the Iranian's use mixture of bartering/gold to conduct their trades were actual things of value are exchanged.

None of this abject poverty ever existed in Africa before the advent of Western Fiat money, people either bartered or traded commodities when precious metals were in short supply, large storage vaults existed and people for quick convenience traded receipts with signatures until the end of the month when the accounting was done.

When the trade deficits were large, armed guards moved the goods from one vault to another (same vicinity) most of the time not much is moved (the same way those buying gold just get a certificate of ownership rather then the metal itself when trading), there was no such thing as thieves as it was simply useless stealing signature receipts because it's impossible to monetise as it requires the person on the other side of transaction when accounts are taken, there was an exchange market on virtually every city.

Our Geeljire's were the kings of bartering, their nomadic lifestyle gave them that advantage and they could carry more load then anyone else, this is how trade was conducted before the fiat money financiers rolled in destroying everything in sight plunging the continent into poverty, by first destroying this elborate system, then our agriculture bread basket, culminating to our livestock industry.

The idea that you could work within this lunatic system and prosper is an utterly ridiculous notion, the system is designed to enrich the oligarch bankers and financiers, until this day the Saudi's are forced to buy garbage US treasury bonds in the billions along with their arms further enriching the parasites while allowing them to continue printing more fiat money.

 

[Deactivated]

Koreans who made an excellent decision to hand over blank cheques to the right people.

Ahhh now you are starting to wake up. Keywords: "The Right People".

The money stolen from Donor countries has nothing to do with the private sector. Once a politician with zero business acumen steals money and tries to open a business in Somalia they will ultimately fail. Why? Because they will realize they cannot steal from thier own company and expect growth at the same time.

The next leader of Somalia will emerge from the private sector with a militia of Internal Auditors to reform everything. We need a fuckin CEO at the helm of Somalia. Not your uncle.

 

[black]

Ahhh now you are starting to wake up. Keywords: "The Right People".

The money stolen from Donor countries has nothing to do with the private sector. Once a politician with zero business acumen steals money and tries to open a business in Somalia they will ultimately fail. Why? Because they will realize they cannot steal from thier own company and expect growth at the same time.

The next leader of Somalia will emerge from the private sector with a militia of Internal Auditors to reform everything. We need a fuckin CEO at the helm of Somalia. Not your uncle.

My god. The issue is the Somali government not carrying out basic GOVERNMENTAL duties. Is Somalia comparatively a safe country to invest in, yes or no? Answer me that.

Secondly, I never disputed that warya, don't push narratives on me. You're jumping all over the place. I didn't even discuss capitalism or any other economic system Somalia should be implementing.

 

[Deactivated]

false paradigm/trap/system designed to ensure their perpetual enslavement

Try saying that in a sales presentation or cold call.

Why do you speak like a conspiracy theorist? You should be thrown out head first in a Somali Board Room.

Your talking to Capitalist here not a conspiracy theoriest. We know the game is rigged be still have to play and the market will decide our fates.

I love your posts and they are very informative. You actually mentioned unwittingly several times the actuall business I'm starting in Somalia and they model to sustain it. I wouldn't have validated that if you weren't a possessed politician. Theres several gems that fell from your branches.

But I want to be honest with you. You and your likes will not survive in Private Equity Environment of Somalia. You are a paranoid little oday who battles blame and points fingers.

I once told you I invest in the market and your answer was "It's going to crash and burnnnnnn"

Why should anyone be around someone like that?

The day you invest in the market as a Somali is the day you find out how insecure, victim vile and intolerant Somalis males in the diaspora have become.

Thank god the future of the Somali Market will never be kind to the likes of you.


...still love your posts though

 

[Deactivated]

My god. The issue is the Somali government not carrying out basic GOVERNMENTAL duties. Is Somalia comparatively a safe country to invest in, yes or no? Answer me that.

Secondly, I never disputed that warya, don't push narratives on me. You're jumping all over the place. I didn't even discuss capitalism or any other economic system Somalia should be implementing.

Somalia is the safest place for Somalis to invest in.

If you had read what I said earlier and you still refuse to answer my question because it crushes your socialist securities.

"If I make revenue in Somalia should I be taxed in Canada"?

There's only two outcomes out of this.