governments main income is tax, and tax is not just from citizens income but from their spending of that income, which then leads to a cycle. which if repeated fast enough can earn the government alot more the faster people spend their income(live pay-cheque to pay-cheque)
when you spend. you pay sales tax. retailer then pays corporation tax the retailer also then needs to pay workers which is then income tax
so the circle begins again. the faster you spend the faster the cycles cycle
those hoarding value dont circulate it. which hurts governments income streams.
so yes governments want people to spend money as soon as they get it so it circulates faster and they can get several rounds of chunks of tax per year from one allotment of cash
where as those trying to be less reliant on a 'pay-cheque to pay-cheque' lifestyle want to save and invest their income.
Topic: Personal Financial Goals vs Government expectations! - page 7. (Read 1137 times)
Have you ever thought about this, what we are trying to achieve in our personal financial life is completely diverge from what the government expects their citizens to do.
We as Individuals always thrive to achieve financial independence in our lives especially someone who is from the average middle person but what the government expects from the middle class is different and is kind of surprising when we give deep thought about it, The Government highly relies on the middle-class tax payers for the money and most of the taxes collected in the form of indirect taxes so that people may not actually aware that they are paying taxes for everything from their salary, fuel, medicine, anything everything has taxes that eat most our earnings.
So as a result we are paying from 10% to over 50% of our earnings just in the form of taxes in one or another way. So one who really wants to achieve financial independence should find a way to reduce their tax pay legally like how the businessmen do.
Or like the bald guy says, we need to find a way to exit the Matrix.
We as Individuals always thrive to achieve financial independence in our lives especially someone who is from the average middle person but what the government expects from the middle class is different and is kind of surprising when we give deep thought about it, The Government highly relies on the middle-class tax payers for the money and most of the taxes collected in the form of indirect taxes so that people may not actually aware that they are paying taxes for everything from their salary, fuel, medicine, anything everything has taxes that eat most our earnings.
So as a result we are paying from 10% to over 50% of our earnings just in the form of taxes in one or another way. So one who really wants to achieve financial independence should find a way to reduce their tax pay legally like how the businessmen do.
Or like the bald guy says, we need to find a way to exit the Matrix.
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