VI has lost its 'middle class'- Hon Penn
The middle class is defined as a social group situated between the upper and working classes, often characterised by a combination of education, occupation, income, and lifestyle. It's a broad category encompassing a wide range of individuals and families who are not typically considered very wealthy or impoverished, but also not in the lowest social strata.
“I am seeing now, as I sit in my district office on a daily basis, persons that are coming forward, who for the last 10 to 12 years I have been in office, never come forward before, we’ve lost the middle class,” he said during the conversation with Hon Ronnie V. Skelton (AL), host Bishop John I. Cline and guest Mr Aaron F. Parillon.
Hon Penn said the VI’s middle class is “shrinking” and “disappearing”.
People in the territory, he said, are one bad [situation] or emergency away from bankruptcy.
Gov’t has no plan
Hon Penn said the current environment is not conducive for small businesses, accusing the government of not having a proper plan for assisting small businesses.
The government system, he said, is too bureaucratic.
“When you need to get technical support and financial support, you lose the ability to get to these individuals.”
Hon Penn also questioned the effectiveness of the Mirco, Small and Medium Enterprises (MSGrant Programme that gives successful small business applicants up to $7000 in grants.
“If you see the list of things they are asking businesses to do. They have to be in good standing,” he said.
Hon Penn stated that by the time these businesses that are not in good standing get there, they would have maybe spent ten to fifteen thousand dollars just to qualify for a $7000 grant.
“So you’re seeing that the environment or the government of the day doesn’t have a real plan to help the small businesses who are the engine and drivers of the economy.”
Agreeing with him, Hon Skelton added that the big businesses alone cannot help drive the economy, as small businesses combined employ more people.
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11 Responses to “VI has lost its 'middle class'- Hon Penn”
We just a hair line away from total destruction and bankruptcy
The sad reality is that most people in this world have accepted the word "race", (human classifications) in reference to ethnicities diversities. Race in reality is competitive by practice, but ethnic diversities don't have to be competitive, in regards to human co-operation, but is. That's why no single ethnic should be blame for rivalry among ethnic diversities, but all.
Exit the bubble mindset, and begin to thing, act outside the box, so to speak, people of the B.V.I, for a better future for us, for our children, and grand children, and those not yet born,
Give some people who grow up with little money a little opportunity and they up and down calling themself the upper echelons. Now catch this they can’t afford not to work or they will lose everything. Worse They can’t afford to stop tearing others down in order to bully their way into holding positions.
The bvi is majorly middle class sir. Stop making people laugh an unfounded mutterings by leaders who should be the best of bvi.
Think carefully about the following below.
We are living in a world of diversities, simalarities, ethnicities, complexities, personalities of choices.
We all speak, and acts from our own thoughts, and sometimes from from others we trust. But if adopted others way, and practices with careful examination, it is natural, and spiritual to think, and act as they do.
We can, and do classification of items of value, but in reference to human beings, we who are other human equal in value cannot classified their human value. Only the sole (One) of the creation can. Believe it or not. Receive or not. Neither you nor I nor any other living creatures can change or make this truth void through false narative deceptive schemes. I rest my case.