Senator Ledama Bill to force kenyans to save 40% with the government, untaxed

Narok Senator Ledama Ole Kina wants to introduce a bill that will force every Kenyan to save 40 percent of his/her cash with the government. 

He said that the savings will help the future of the country. A special government fund will also be introduced and it will be tax-free. He. that the kit will be separate from the existing NSSF.

" Enough is Enough! We must change the future of Kenya. Every Kenyan must be guaranteed for the future. To do so,  soI shall introduce a bill in parliament, which mandates every Kenyan to save 40% of their earnings (untaxed) in a special Government fund and do away with tax CAPITAL GAINS" he said.

Narok Senator Ledama Ole Kina in a past function. PHOTO | BNC

" Once the Fund is in place, the Government can borrow from it and pay for development projects and stop borrowing from foreign countries. Citizens can also use their credit towards buying their own homes regardless of their contributions. Whatever is not utilized earns an interest," he added.

" For those who don’t work, we pay for their training until they get a job. We must now build our Human Resource and Create Jobs for our Citizens. Watch this space! Inculcate self-reliance through work, not welfare, " he started.