Comments on: MoveHub: Bermuda Is Most Expensive Country https://bernews.com/2017/03/bermuda-most-expensive-country-world/ Bermuda's #1 source for 24/7 breaking news, photos & videos Mon, 13 Apr 2026 16:29:08 +0000 hourly 1 http://wordpress.org/?v=3.7.5 By: Joe Bloggs https://bernews.com/2017/03/bermuda-most-expensive-country-world/#comment-3385590 Mon, 06 Mar 2017 13:45:11 +0000 http://bernews.com/?p=620493#comment-3385590 Bermuda is said to be the second most isolated group of islands in the world, after St. Helena. We do not have ferries or other relatively inexpensive transport to the mainland. Almost everything we buy has to be imported from somewhere and shipping and air transport cost money.

Of course, import duties add an additional cost to everything.

We priced ourselves out of most competition in the 1980s and we have not recovered from that yet.

]]> By: Decent Citizen https://bernews.com/2017/03/bermuda-most-expensive-country-world/#comment-3385085 Sat, 04 Mar 2017 13:51:01 +0000 http://bernews.com/?p=620493#comment-3385085 If you get rid of the 60/40, how would that help Bermudians?

We’ve all seen what extreme globalization has done for the USA jobs market? We’ve already had our taste…how many jobs did HSBC move overseas?

Locals need to have jobs! Have to always consider the social impacts of significantly disrupting the local employment market and opportunities. Local businesses would be wiped out! Less substantive jobs would remain…higher unemployment, and so on.

Careful what you wish for!

Smiths

]]> By: sid https://bernews.com/2017/03/bermuda-most-expensive-country-world/#comment-3384829 Fri, 03 Mar 2017 15:53:31 +0000 http://bernews.com/?p=620493#comment-3384829 JYD: sports tourism has great potential in Bermuda, I 100% agree.
But unless you have something unique in the world, cost is a huge factor.

Nepal can charge $100,000 to climb Mount Everest because there is only one Mount Everest. But there are plenty of places in the world with great sailing conditions and a subtropical climate.

Until the government changes its tax, labour and business laws, sports tourists will tend to go to cheaper places.

]]> By: sid https://bernews.com/2017/03/bermuda-most-expensive-country-world/#comment-3384826 Fri, 03 Mar 2017 15:47:02 +0000 http://bernews.com/?p=620493#comment-3384826 Don’t blame IB: Bermuda’s prices are driven up by taxes and monopolies.

The import duties are some of the highest in the world (we all know that. That’s 25% extra cost on absolutely everything.

Bermuda has no anti-monopoly law. In fact, Bermuda’s laws protect monopolies: the 60/40 rule, the milk import ban, the anti-chain restaurant law, the electricity and telephone laws, the ban on rental cars.

Change the tax laws and get rid of pro-monopoly laws and Bermuda’s cost of living would drop by 25% in one year.

]]> By: Jus' Wonderin' https://bernews.com/2017/03/bermuda-most-expensive-country-world/#comment-3384810 Fri, 03 Mar 2017 14:54:09 +0000 http://bernews.com/?p=620493#comment-3384810 1. If the PLP/UBP were in we’d still be “getting more expensive” FACT

2. We are a “tax haven.” Why do you think so many offshore businesses/IB is set up here? FACT

]]> By: JUNK YARD DOG https://bernews.com/2017/03/bermuda-most-expensive-country-world/#comment-3384626 Fri, 03 Mar 2017 01:06:56 +0000 http://bernews.com/?p=620493#comment-3384626 Bermuda is 50 years behind the times.

I have been telling you for some time now that
” Bermuda sport tourism” will float our boat.

That has not been a good idea unless its yours.

The America cup will unite us all, as every one will do their part,
we open our homes and our hearts to the world.

People come here to have wonderful experience and a good time and that should not cost an “arm and a leg” either.

The sky is the limit.

That opens the door to the Bermuda “TT”::: Intl’ Bermuda go~cart :::
Bermuda formula one::: and much more.

Hospitality is the name of our game.

]]> By: Smarter441 https://bernews.com/2017/03/bermuda-most-expensive-country-world/#comment-3384513 Thu, 02 Mar 2017 19:58:42 +0000 http://bernews.com/?p=620493#comment-3384513 Would be interesting to see the highest paid countries and compare

]]> By: gcode4lyfe https://bernews.com/2017/03/bermuda-most-expensive-country-world/#comment-3384493 Thu, 02 Mar 2017 19:15:52 +0000 http://bernews.com/?p=620493#comment-3384493 its a shame

]]> By: bdaboy https://bernews.com/2017/03/bermuda-most-expensive-country-world/#comment-3384450 Thu, 02 Mar 2017 17:36:20 +0000 http://bernews.com/?p=620493#comment-3384450 ” and we’re about to get more expensive after the OBA’s latest budget, ”

…but still not as expensive as the PLP made us…you guys will always win that one :)

]]> By: San George https://bernews.com/2017/03/bermuda-most-expensive-country-world/#comment-3384399 Thu, 02 Mar 2017 15:28:53 +0000 http://bernews.com/?p=620493#comment-3384399 Good, keeps de small man out! That’s why we get more MRI’s than anywhere else in the world, that’s why golf courses cost $24 million to cut grass instead of the $4 million budgeted.

]]> By: Wrong https://bernews.com/2017/03/bermuda-most-expensive-country-world/#comment-3384381 Thu, 02 Mar 2017 14:38:02 +0000 http://bernews.com/?p=620493#comment-3384381 Perception is reality, so Bermuda is known for Triangles and Tax Havens. International Business has driven up inflation, made Bermuda too expensive for blue collar workers, but they still expect to be praised for being Bermuda’s economic messiahs.

]]> By: Not a tax haven https://bernews.com/2017/03/bermuda-most-expensive-country-world/#comment-3384356 Thu, 02 Mar 2017 13:17:28 +0000 http://bernews.com/?p=620493#comment-3384356 I agree with us being expensive, and we’re about to get more expensive after the OBA’s latest budget, but we aren’t a tax haven! Someone needs to correct them and they need to issue an apology.

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