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Dohplaydat wrote:Gladiator wrote:Dohplaydat wrote:eurotuner wrote:Lol some real haters in here boy, same will biggup foreign culture, dance Hall reggae and rock crap(all of which I like, but local thing first) over local vibes. Anyways... Don't think there will be one, at all from recent developments within the bigger camps and I agree there should not be any. They will use this time to evolve, just like everything else. Carnival is a money machine... So allot of ppl who are not directly involved OR don't think they're involved may feel a pinch come Jan Feb and March, it has a serious trickle down effect in revenue for businesses.
Yup many people don't realize how much business and money carnival generates. But leave them.
Either way, we can't have Carnival next year, no vaccine, recession in we tail and no vibe.
But don't worry, C2k22 will be epic.
How exactly does Carnival "generate money".... if hypothetically we take $100 million USD out of the system to import food/drink/costumes for Carnival and then sell the fete/band/party tickets in $TTD to the tune of $300 Million TTD how is the forex being recovered? Do we have enough "tourists" coming and spending their USD here to recover all the money spent on Carnival?
Your way of thinking is way too simplistic. Firstly, imagine we didn't import food and drink at all. Who loses out there?
Fete promoters, delivery men, bar tenders, caterers. They all profit from sales. Like literally all retail in Trinidad.
It's not about recovering Forex, who the ass taught you economics? It's about Economic activity and circulation.
Now let's think about the Forex received. We have 40k visitors over this period who would put in at least 1.5k USD each into our economy. That's 400M TT 'recovered'. And it's likely much more than that. In my experience visitors here will pay 10k average in accommodation and/or fetes, then another 5k in costumes. That's average, I not even counting all the thousand of foreigners who will pay 40k TT a week to stay in One Woodbrook Place, buy front line costumes and hit 5 fetes and jouvet for Carnival week. Not to mention all the food and groceries they buying too.
But again, it's not really about that. It's about the associated economic activity. There are tens of thousands of people who earn money from carnival season. These same people now take their money and spend in our local economy.
Generating more business, more taxes and more economic growth.
That's what carnival is about, economic growth and stimulation.
Especially as oil and gas isn't likely to ever go back up and we just killed most of the economy due to Covid-19, Carnival is absolutely needed and any smart government would enhance, improve and market this festival heavily from 2022 onwards.
lawyer, epidemiologist & now economistDohplaydat wrote:Wow please please learn about economics for your own sake.
Duane 3NE 2NR wrote:‘Don’t cancel Carnival’
http://www.guardian.co.tt/article/dont- ... 2ce3aaaa25
According to Ackin, a postponement rather than a cancellation would be a better option.
pugboy wrote:boy you asking hard questions
i always thought the same but was shame to ask them questions
zoom rader wrote:Nice to see men now understanding why to ban carnival.
But the main reason is money laundering and that's why big bussiness dont want it banned.
Brazil carnival is fuel by their local mafia and money laundereds. It's the same in Trini and the government is helping these criminals.
You guys only seeing the man on the ground, but it's the guys behind the curtain that are benefiting.
All this talk that small man have to make a money is a joke.
I suspect these carnival entertainers are all linked to Under world and are use as a vessel for money laundering.
MDtuner70 wrote:pugboy wrote:boy you asking hard questions
i always thought the same but was shame to ask them questions
Lol
Dizzy28 wrote:Jules response was so much better than Dean in that article above.
pugboy wrote:them carnival band and ting does inject back the USD they make from foreign masqueraders and party goers ?
they all throw same them parties in other countries too and ear forex.
asking for a friendMDtuner70 wrote:pugboy wrote:boy you asking hard questions
i always thought the same but was shame to ask them questions
Lol
Dave wrote:I can categorically say absolutely no. The Forex never makes it way to Trinidad and Tobago in the sums that they maybe proporting to imply.pugboy wrote:them carnival band and ting does inject back the USD they make from foreign masqueraders and party goers ?
they all throw same them parties in other countries too and ear forex.
asking for a friendMDtuner70 wrote:pugboy wrote:boy you asking hard questions
i always thought the same but was shame to ask them questions
Lol
Dohplaydat wrote:Dave wrote:I can categorically say absolutely no. The Forex never makes it way to Trinidad and Tobago in the sums that they maybe proporting to imply.pugboy wrote:them carnival band and ting does inject back the USD they make from foreign masqueraders and party goers ?
they all throw same them parties in other countries too and ear forex.
asking for a friendMDtuner70 wrote:pugboy wrote:boy you asking hard questions
i always thought the same but was shame to ask them questions
Lol
Prove it, I'm very involved in the carnival industry and can tell you that you have no idea how much wealth and prosperity carnival creates for tens of thousands of citizens.
Redress10 wrote:I don't think carnival should be banned but it should be regulated, taxed and shouldn't inconvenience people who are not involved in it. POS shouldn't shut down because of it. What's the opportunity costs for the lost productivity for the 6-8 weeks leading up to the event.
What about the societal cost due to this increasing carnival culture/mentality that is now in the country?
Carnival needs to take place in a way that doesn't shut down the country anymore.
Dohplaydat wrote:Redress10 wrote:I don't think carnival should be banned but it should be regulated, taxed and shouldn't inconvenience people who are not involved in it. POS shouldn't shut down because of it. What's the opportunity costs for the lost productivity for the 6-8 weeks leading up to the event.
What about the societal cost due to this increasing carnival culture/mentality that is now in the country?
Carnival needs to take place in a way that doesn't shut down the country anymore.
It is taxed and extremely regulated. The opportunity cost can measured next year, but I can tell you first hand, other than the time lost at school, there is no detriment economically other than the cost of business we lose for ~1 week. But the gains from that one week are easily surpassed by almost 5 to 10x the earnings made from Carnival.
Dohplaydat wrote:Redress10 wrote:I don't think carnival should be banned but it should be regulated, taxed and shouldn't inconvenience people who are not involved in it. POS shouldn't shut down because of it. What's the opportunity costs for the lost productivity for the 6-8 weeks leading up to the event.
What about the societal cost due to this increasing carnival culture/mentality that is now in the country?
Carnival needs to take place in a way that doesn't shut down the country anymore.
It is taxed and extremely regulated. The opportunity cost can measured next year, but I can tell you first hand, other than the time lost at school, there is no detriment economically other than the cost of business we lose for ~1 week. But the gains from that one week are easily surpassed by almost 5 to 10x the earnings made from Carnival.
Dave wrote:How can it be taxed effectively if it pays St Lucia 1%?
I absolutely understand effective tax structures but saying you are patriotic and what have you, ppl not knowing the truth doesn't lend to you credibility.Dohplaydat wrote:Redress10 wrote:I don't think carnival should be banned but it should be regulated, taxed and shouldn't inconvenience people who are not involved in it. POS shouldn't shut down because of it. What's the opportunity costs for the lost productivity for the 6-8 weeks leading up to the event.
What about the societal cost due to this increasing carnival culture/mentality that is now in the country?
Carnival needs to take place in a way that doesn't shut down the country anymore.
It is taxed and extremely regulated. The opportunity cost can measured next year, but I can tell you first hand, other than the time lost at school, there is no detriment economically other than the cost of business we lose for ~1 week. But the gains from that one week are easily surpassed by almost 5 to 10x the earnings made from Carnival.
Dohplaydat wrote:Redress10 wrote:I don't think carnival should be banned but it should be regulated, taxed and shouldn't inconvenience people who are not involved in it. POS shouldn't shut down because of it. What's the opportunity costs for the lost productivity for the 6-8 weeks leading up to the event.
What about the societal cost due to this increasing carnival culture/mentality that is now in the country?
Carnival needs to take place in a way that doesn't shut down the country anymore.
It is taxed and extremely regulated. The opportunity cost can measured next year, but I can tell you first hand, other than the time lost at school, there is no detriment economically other than the cost of business we lose for ~1 week. But the gains from that one week are easily surpassed by almost 5 to 10x the earnings made from Carnival.
shake d livin wake d dead wrote:Ticker on news saying "there should not be carnival next year unless a vaccine is widely available"
Let's just say, there is no carnival, would we still allow people to come in and leave as they close or would the airport be closed??
Dizzy28 wrote:What about overtime for the protective services for Carnival? How much does that cost annually?
Who pays it Dean, Jules or Ronnie?Dohplaydat wrote:Redress10 wrote:I don't think carnival should be banned but it should be regulated, taxed and shouldn't inconvenience people who are not involved in it. POS shouldn't shut down because of it. What's the opportunity costs for the lost productivity for the 6-8 weeks leading up to the event.
What about the societal cost due to this increasing carnival culture/mentality that is now in the country?
Carnival needs to take place in a way that doesn't shut down the country anymore.
It is taxed and extremely regulated. The opportunity cost can measured next year, but I can tell you first hand, other than the time lost at school, there is no detriment economically other than the cost of business we lose for ~1 week. But the gains from that one week are easily surpassed by almost 5 to 10x the earnings made from Carnival.
Dohplaydat wrote:Redress10 wrote:I don't think carnival should be banned but it should be regulated, taxed and shouldn't inconvenience people who are not involved in it. POS shouldn't shut down because of it. What's the opportunity costs for the lost productivity for the 6-8 weeks leading up to the event.
What about the societal cost due to this increasing carnival culture/mentality that is now in the country?
Carnival needs to take place in a way that doesn't shut down the country anymore.
It is taxed and extremely regulated. The opportunity cost can measured next year, but I can tell you first hand, other than the time lost at school, there is no detriment economically other than the cost of business we lose for ~1 week. But the gains from that one week are easily surpassed by almost 5 to 10x the earnings made from Carnival.
Carnival visitors historically average about TT$9,000 per visitor for a total of about TT$340M in external spending.Gladiator wrote:Dohplaydat wrote:Redress10 wrote:I don't think carnival should be banned but it should be regulated, taxed and shouldn't inconvenience people who are not involved in it. POS shouldn't shut down because of it. What's the opportunity costs for the lost productivity for the 6-8 weeks leading up to the event.
What about the societal cost due to this increasing carnival culture/mentality that is now in the country?
Carnival needs to take place in a way that doesn't shut down the country anymore.
It is taxed and extremely regulated. The opportunity cost can measured next year, but I can tell you first hand, other than the time lost at school, there is no detriment economically other than the cost of business we lose for ~1 week. But the gains from that one week are easily surpassed by almost 5 to 10x the earnings made from Carnival.
You really are lost in space yes, you ever see VAT on a fete ticket... Carnival is totally TAX free, other than VAT and Duty paid on imports and whatever other local trade, from the snow cone man to the big promoter and the performers that get paid $500k a night, they all pay no taxes on those earnings.
That's why fete promoters saying don't cancel Carnival... its their cash cow!!!
The real cost of Carnival cannot even be measured, all we know is the direct cost due to Govt subventions. All of the indirect forex costs for imports of alcohol, mas materials, printing materials, lighting and sound equipment, foreign meat and foodstuff, disposable wares, sanitation supplies, IT related costs, decorative materials, promotional cup and bandanna etc are not even quantified. But they all cost USD... that we have limited forex to spend on.
But you is d economiss... so I guess you think that they take a feed bag of blue notes and go Scotland and buy 10 containers of Johnny Black Whisky... that patrons fulling up a tall glass with and leaving half glass all over on the ground to throw way. Or the bandanna and flag that you take and wave around in the air for a couple hours then throw in the dust bin on your way out the gate.... HOW IS THAT SUSTAINABLE???
Dizzy28 wrote:What about overtime for the protective services for Carnival? How much does that cost annually?
Who pays it Dean, Jules or Ronnie?Dohplaydat wrote:Redress10 wrote:I don't think carnival should be banned but it should be regulated, taxed and shouldn't inconvenience people who are not involved in it. POS shouldn't shut down because of it. What's the opportunity costs for the lost productivity for the 6-8 weeks leading up to the event.
What about the societal cost due to this increasing carnival culture/mentality that is now in the country?
Carnival needs to take place in a way that doesn't shut down the country anymore.
It is taxed and extremely regulated. The opportunity cost can measured next year, but I can tell you first hand, other than the time lost at school, there is no detriment economically other than the cost of business we lose for ~1 week. But the gains from that one week are easily surpassed by almost 5 to 10x the earnings made from Carnival.
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