04/01/2023
POLITICS OF CONMANSHIPπ
BOTTOM UP _ "Tuanze Chini, Tukienda Juu".
If you want to know what bottom up economic model is , just research and read what President Biden is implementing in USA.
First of all, Bottom up involves injection of massive SUBSIDIES towards those in the lower level of the Economic ladder.
Bottom up economic model involves massive spending in Social programs like:
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Education (subsidizing education cost),
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Food (subsidizing farming and manufacturing through tax cuts)
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Subsidizing energy costs which includes fuels and power costs.
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Supporting the vulnerable segment of the population through cash Transfers and tax cuts on what they consume.
Bottom Up is founded on the belief that if you increase DISPOSABLE INCOME to the lower and middle class of the society, their spending will stimulate.
On the other hand, increasing the wealth of the already rich Segment of the population will not stimulate the economy because the rich are predisposed towards saving more than spending.
Coming back to Kenya.
Ruto's policies in the recent past are not founded on bottom up economic model. Ruto's policies are geared towards purely Trickle Down Economic model.
He has done away with all the policies cushioning the poor against the high cost of living like Subsidies in Fuel, electricity and school fees on top of scrapping cash transfers to the elderly and Linda Mama.
To help the rich and keep their accumulation of wealth in top gear, he has reintroduced fees on Mobile money and bank transactions. He has also announced cut backs on university Funding, meaning many parents will be forced to take their children to private universities and also pay for private hostels.
Ruto's "bottom up" was only for campaign purposes!
Authored
By I.P.O
Author /Politcal strategist
Weyeta/Khakalundi firm