Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Castro to Pocket 92% of Worker Salaries from Foreign Companies
Breitbart ^

Posted on 12/19/2014 10:48:42 AM PST by TigerClaws

Just one day before President Obama announced sweeping changes that would allow potential American investment in Cuba, the Cuban government apparently had begun preparing itself by announcing new measures that would allow Cubans who work for foreign companies to keep only 8% of their salaries.

In an official announcement in state newspaper Granma, government officials announced a system in which employees who work for corporations with foreign capital will be paid two Cuban Pesos for every Convertible Cuban Peso (CUC) the corporation actually pays them. The Convertible Peso (CUP) is almost exclusively for the use of tourists and is of significantly greater value; one CUC is the equivalent of an American dollar and the equivalent of 26.5 CUPs. The other 24 CUPs Cuban workers will not receive amount to 92% of their salaries.

(Excerpt) Read more at breitbart.com ...


TOPICS: Crime/Corruption; Cuba; Culture/Society; Government; News/Current Events
KEYWORDS:
Navigation: use the links below to view more comments.
first 1-2021-40 next last
If a Republican President had done this... NON-STOP stories on the human rights abuses, terrible deal, etc etc.

Obama does it and the lefties are celebrating.

1 posted on 12/19/2014 10:48:42 AM PST by TigerClaws
[ Post Reply | Private Reply | View Replies]

To: TigerClaws

Have no fear, liberals are REALLY stupid and will call this great news because the money will be distributed equally by government.


2 posted on 12/19/2014 10:51:12 AM PST by cripplecreek (You can't half ass conservatism.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: TigerClaws; Georgia Girl 2; FatherofFive

Someone ping Georgia Dirl2 and Fatheroffive. They will clear this obvious lie right up I’m sure...


3 posted on 12/19/2014 10:52:05 AM PST by Norm Lenhart
[ Post Reply | Private Reply | To 1 | View Replies]

To: TigerClaws

The Dems are looking at a 92% income tax rate and salivating like hungry dogs. Ah, if only they could do that here...


4 posted on 12/19/2014 10:53:28 AM PST by Billthedrill
[ Post Reply | Private Reply | To 1 | View Replies]

To: TigerClaws

I don’t understand why the Cubans who oppose the regime don’t rise up now.

This is the perfect time, with all the scrutiny on them. Castro can’t afford to lose face now by violently putting down the demonstrations.


5 posted on 12/19/2014 10:53:39 AM PST by dfwgator
[ Post Reply | Private Reply | To 1 | View Replies]

To: TigerClaws
Coming to a democracy near you


6 posted on 12/19/2014 10:54:46 AM PST by McGruff (Ummm...)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Billthedrill

Piketty is clapping his hands in approval.


7 posted on 12/19/2014 10:55:19 AM PST by C19fan
[ Post Reply | Private Reply | To 4 | View Replies]

To: TigerClaws
Obama does it and the lefties are celebrating.

Shows you how "stuck on stupid" LIBERALS really are.

8 posted on 12/19/2014 10:55:57 AM PST by VideoDoctor
[ Post Reply | Private Reply | To 1 | View Replies]

To: TigerClaws

Americans don’t care...we want cheap stuff. Just look at China.


9 posted on 12/19/2014 10:56:45 AM PST by Wolfie
[ Post Reply | Private Reply | To 1 | View Replies]

To: TigerClaws

Piker! Even Obama wants 98%. (jesting... link below is not source for this)

I Want Your Money (movie)

https://vimeo.com/28379319 vimeo


10 posted on 12/19/2014 10:57:33 AM PST by DoughtyOne (The question is Jeb Bush. The answer is NO!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: dfwgator

“Castro can’t afford to lose face now by violently putting down the demonstrations.”

Stealing from workers, exploiting workers, hobbling individuality, suppressing objections, etc....?

That’s not anything new for Communists... It is a very short step from wage fixing/price fixing to simply allowing wages to soar only to rake your ‘share’ right off the top.

Did I get that right?


11 posted on 12/19/2014 10:58:42 AM PST by SMARTY ("When you blame others, you give up your power to change." Robert Anthony)
[ Post Reply | Private Reply | To 5 | View Replies]

To: McGruff

Don’t laugh... “O” probably salivates over owning a ‘get up’ like that!! :)


12 posted on 12/19/2014 10:59:22 AM PST by SMARTY ("When you blame others, you give up your power to change." Robert Anthony)
[ Post Reply | Private Reply | To 6 | View Replies]

To: TigerClaws
They have started letting their baseball players sign contracts with foreign leagues (NOT MLB) to play after their Cuba league season ends. One signed for about $700,00 to play in Japan, he'll be lucky to get 2% of that.

They can't have a non-communist party citizen living so far about the $20 per month level of the average Cuban.

13 posted on 12/19/2014 11:00:03 AM PST by fungoking (Tis a pleasure to live in the Ozarks)
[ Post Reply | Private Reply | To 1 | View Replies]

To: SMARTY

He likely owns one and wears in in the WH. Thats why he’s never seen much. Valerie allows it as a consecration.


14 posted on 12/19/2014 11:00:41 AM PST by Norm Lenhart
[ Post Reply | Private Reply | To 12 | View Replies]

To: TigerClaws

Obama is not alone in his insensitivity towards the suffering of the Cuban people. Republicans, as Arizona Congressman Flake, have been for many years in the front of Castro’s sycophants defending the Cuban Communist regime.

There many as Flake in Washington, women - bankers, business owners, government officials and others that support freer American travel to Cuba. They continue ignoring the blood and tears of hundreds of thousands of Cuban heroes and martyrs while they feast and party with the tyrant.

“An Arizona Republican, Rep. Jeff Flake, is sponsoring an amendment prohibiting the Treasury Department from spending money on enforcing the four-decade travel ban.”

Representative Flake, in proposing a project of law forcing the Executive power to ignore and violate the laws already in force that were promulgated by the Congress and signed by the President, denotes his faithful loyalty to his last name (a person marked by eccentric behavior or thinking). He wants to institute in our country a cafeteria rule of law in which each one picks whatever laws they want to obey or to ignore.

“Flake believes that by traveling more freely to Cuba, Americans will bring with them ideas and values that will help end the communist regime.” In other words, the contact with hundreds of thousands of European, Canadian, and Latin American tourists, have not been able to infest the Cubans with the virus of democracy. According to Rep. Flake, only by the contact with the American tourists, the virus of democracy and freedom can be transmitted.

Is Obama as delirious as Flake? Unless the Americans he has in mind are the Marines.


15 posted on 12/19/2014 11:04:59 AM PST by Dqban22 (Hpo<p> http://i.imgur.com/26RbAPx.jpg)
[ Post Reply | Private Reply | To 1 | View Replies]

To: TigerClaws
The Cuban government is going to take 92% of their salaries.

And Obola looks on in envy.

16 posted on 12/19/2014 11:06:04 AM PST by E. Pluribus Unum (Any energy source that requires a subsidy is, by definition, "unsustainable.")
[ Post Reply | Private Reply | To 1 | View Replies]

To: TigerClaws

Cuba is setting an example for the Democratic Party to follow, and for the Republican left to envy. Even with plundering to that extent, Cubans will be making much more than what they would otherwise make. The despots are renting out their serfs to foreign corporations.


17 posted on 12/19/2014 11:06:12 AM PST by pallis
[ Post Reply | Private Reply | To 1 | View Replies]

To: TigerClaws

Obama idolizes Fidel Castro. He is everything that Obama wants to be.

A communist dictator who remained in complete control of his country for 50 years, only to turn power over to a close relative.


18 posted on 12/19/2014 11:12:36 AM PST by Bubba_Leroy (The Obamanation Continues)
[ Post Reply | Private Reply | To 1 | View Replies]

To: TigerClaws

Obamanistas must need to change their shorts. 92% income tax rate. That is fantastic. Who was the idiot who said “we don’t have a spending problem, we have a paying for it problem.” Well with a 92% tax rate we can pay for everything. Do they even need 8% of their income? They have the best free medical system in the known universe, it is a workers paradise where everyone has a classic car, and their education system is top notch.


19 posted on 12/19/2014 11:15:17 AM PST by Organic Panic
[ Post Reply | Private Reply | To 1 | View Replies]

To: TigerClaws

20 posted on 12/19/2014 11:15:40 AM PST by Vendome (Don't take life so seriously-you won't live through it anyway-Enjoy Yourself ala Louis Prima)
[ Post Reply | Private Reply | To 1 | View Replies]


Navigation: use the links below to view more comments.
first 1-2021-40 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson