Looting government eyeing taxpayers with fancy schemes

When robbers have successfully carried out a heist and squandered their loot, the most important question becomes: “Who do we rob next?”

Such is the question the gang of looters who run our government are now desperately asking themselves.

We have all seen evidence of unbelievable looting by senior thieves deployed by the ANC in various government entities. This has brought our state to the brink of bankruptcy. Simply put, our government is broke. About 80% of government expenditure is financed through debt.

Indeed, the debt situation has been worsening under President Cyril Ramaphosa. When he took over the reins in 2018, the government’s debt-to-GDP ratio was 56.71%, rising to 62.15% in 2019 and to 77.06% in 2020. As you can see, we are now very close to a government det-to-GDP ratio of 100%.

When you squirm under such a heavy debt burden, lenders simply refuse to give you more money. That is exactly where the South African government finds itself today; its potential to default is real.

Thus, the most important question for those who run our government is: Who do they rob next? To answer this important question, the looters have now fixed their eyes on taxpayers’ pockets.

The looters recently announced their intentions to introduce a dodgy scheme that would require workers earning above R276,000 a year to pay up to 12% of their earnings into a looting scheme euphemistically called the National Social Security Fund (NSSF).

South Africans were not fooled. We all understood that the whole scheme was a ploy to pauperise us. After bankrupting the state, our looters in government wanted to raid workers’ pockets.

Both employers and workers made it clear that they would not allow toy gun-wielding government thieves to pickpocket them. The public’s rejection of the NSSF was unequivocal and forceful.

When thugs realise that their robbery plot has been unearthed, they quickly abort their mission and run. But that does not mean they will not stage another robbery elsewhere.

Hardly a month after the NSSF was aborted, our looters in government (through the department of public enterprises)  (DPE) made another public announcement: to form a new investment company (asset manager) to manage the government’s stakes in state-owned companies.

When politicians want to steal money they use technical jargon and language designed to confuse the layman.

The first large-scale post-1994 robbery by our looters in government was carried out through what the looters called the South African Strategic Defence Procurement Package. The essence of the scheme was to buy arms that our country did not need in order to enable the looters to steal money. Analysts who were not fooled called it “the arms deal”.

Again, South Africans must not be fooled by the technicalities of the DPE’s so-called new “investment company” or “asset manager for state-owned companies”. The aim of the looters is simple: to steal money from Eskom, Transnet and other companies in the name of “investment”.

The people who must be most worried are workers whose pension funds are managed by Eskom, Transnet, and so on. In other words, if you have a father, mother or uncle who works for these companies, please tell them that our looters in government are devising a scheme to access those pension funds.

The other scheme that our looters in government have been exploring for many years is the idea of a state-owned bank. Recently, this idea has been championed by Blade Nzimande on behalf of his Mickey Mouse communist party.

If you want to know what would happen to money in a state-owned bank, look at what the looters have been doing to the Land Bank. Don’t be fooled by examples from China, which Nzimande likes to cite, without telling you that the Chinese Communist Party kills its corrupt senior officials, something the ANC does not do.

Noam Chomsky, one of America’s greatest thinkers, has told us that it is the responsibility of intellectuals “to expose the lies of governments”. So, let no one lie to the people of SA.