this post was submitted on 21 Jun 2024
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chapotraphouse

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They are increasing the regressive taxes on essential goods like fuel and vegetable oil. All of this is fully backed by the IMF.

It they were serious about reducing the fiscal deficits (which isn't the issue) they would raise income taxes on the rich because regressive taxes on the working class (who spend much of their income) shrinks the economy.

Article on IMFs role in this:

https://jacobin.com/2024/03/imf-kenya-austerity-debt-william-ruto

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