How did we get here?
- Following the passing of the “Kenya Finance Bill 2023” protesters took to the streets, at which point 6 people were killed by the police.
https://www.aljazeera.com/gallery/2023/7/13/deadly-anti-government-protests-roil-kenya
- Kenya’s public debt currently sits at nearly $80 billion USD, with a debt-to-GDP ratio of 68%
https://foreignpolicy.com/2024/06/26/kenya-ruto-finance-bill-protests-parliament-nato-eu-rutte-bolivia-coup/
https://www.ceicdata.com/en/indicator/kenya/government-debt--of-nominal-gdp
- Kenyan politicians earn 97 times more than the average citizen, the highest politician-to-population income inequality in the world.
https://www.vox.com/xpress/2014/10/21/7027417/politicians-overpaid-Kenya-inflated-wages
- Less than 0.1% of the population (8,300 people) own more wealth than the bottom 99.9% (more than 44 million people).
https://www.oxfam.org/en/kenya-extreme-inequality-numbers
- Immediately after Ruto became president in September 2022, he stopped subsidizing maize flour and fuel in response to the IMF.
https://jacobin.com/2024/03/imf-kenya-austerity-debt-william-ruto
- Ruto was taken taken to the International Criminal Court for his role in the 2007 post-election that killed over 1,300 people, but the case was dismissed on what many consider a technicality.
https://www.theguardian.com/world/2016/apr/05/international-criminal-court-william-ruto-kenya-deputy-president-election-violence
https://www.hrw.org/news/2016/02/17/threat-justice-ruto-decision-cautionary-tale-icc-independence?gad_source=1
Kenya’s Parliament introduced the Kenya Finance Bill 2024 that would:
- Allow the Kenya Revenue Authority to access the financial accounts of any citizen without their consent.
- Increase taxes for use of internet, airtime, data, and money transfers (including but not limited to M-Pesa).
- Introduce a tax on digital content monetization, including income from sale of merchandise, crowdfunding fees, sponsored content, and online ads. This tax is in addition to, not a replacement for, content creator’s normal income tax.
- Increase taxes on fuel, bread, vegetable oil, sanitary products, diapers, batteries, and more.
- Change how taxes are calculated on alcohol and tobacco that could see a 40% or higher increase on items.
https://chatgpt.com/g/g-JBq7D0E5x-finance-bill-gpt