Ethic and dignity of work
The Editor, Sir:
The nation's growth cannot be realised when the ethic and dignity of work is not emphasised. The recession ended years ago, yet there is still economic stagnation.
The Government must take full responsibility for the lack of investment because it has failed to promote and encourage growth in the private sector. This is a sad situation, especially at this time of the year when both high-school and college graduates are searching for employment.
Currently, I think that the Government must stop paying lip service to its willingness to attract new investment into the island and begin to show tangible ways that it will provide long-term guaranteed incentives to attract new investors or assure current investors that there are rewards for risk-taking.
I suggest the return of tax holidays, whereby a firm will set up business on the island and is assured that it will not have to pay any taxes for 25 years. This kind of assurance will enable the investor to access a line of credit at the going rate for start-ups. Now, even if the starting wages are small, there is a great likelihood of the establishment of smaller supporting businesses, giving rise to the creation of more jobs, new products, services and an increasing customer base. Earnings benefit everyone, because money brings comfort and joy.
Glen George Wilson