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While I didn't initially dislike the idea of BBBEE in principle, in practice it does a lot of making already rich black people even richer even though they’re d
by jonathanlydall 2y ago
While I didn't initially dislike the idea of BBBEE in principle, in practice it does a lot of making already rich black people even richer even though they’re doing no extra work at all, they’re often being given money for doing nothing except sitting in an annual meeting.
Meanwhile, the poor get nothing for it and are still having terrible service from the government in regard to things like education and healthcare.
And entrepreneurs in smallish businesses who happen to be white (like they can control their race) get left with the choice of either not growing their business (which very likely employs a fair percentage of black people) or giving some of it away.
It’s really a bit of an Animal Farm (you should read the book if haven’t) situation here, the black government may not commit human rights atrocities like the apartheid one before, but their level of delivery to the poor is almost as bad while they’re very good at enriching themselves personally.
Meanwhile the middle class (white and black alike) pay huge amounts of income tax, but still have to pay for private education, healthcare and armed response services because the public services are so badly run. So considering how little I get from my tax money, I consider them to largely be a charity to those less fortunate than me, which I’m okay with in principle, but when I see the government being useless or enacting policies which stifle economic growth, it understandably frustrates me.