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In the final part of this series, we return to where we began with the Premier and his austerity budget. Austerity budgets and economic recoveries are contradictions in terms — budgets that rely solely on spending cuts to reduce deficits are not cond...

So what can we learn from Bermuda’s 2018 tax reform debacle? Three perennial problems for the island are underscored by these unfortunate events. The first is Bermuda’s lack of competent policymakers — in the One Bermuda Alliance as well as the Progr...

Beneath all the smoke and mirrors of David Burt’s Budget Statement delivered on February 25 lay the stark reality that he was proposing yet another austerity budget. As the Budget details show, Bermuda’s deficit reduction in the coming year will be a...

In the second part of his two-part commentary on inequality in Bermuda, economist Robert Stubbs discusses tax burdens on people of varying incomes. If governments globally are reluctant to publish data concerning poverty, they regard releasing infor...

In the first of a two-part commentary, economist Robert Stubbs examines inequality in Bermuda. My recent column exposing our unenviable, internationally extreme degrees of income inequality and poverty in Bermuda, advocating for the adoption of a th...

Not surprisingly, the island’s extreme income inequality, severe tax regressivity and exorbitant cost of living provide the perfect cocktail for widespread economic deprivation and poverty. Like many jurisdictions around the world, Bermuda has long r...