Undermining money is the main reason for falling living standards in skilled labor, the wages received dont actually add up to as much as they used to do. The purchasing power at its top tier is diverted to those who first receive the newly created cash which is government and its primary dealers in treasury debt who float the whole debt issue out to the rest of the world.
When the rest of the population receives cash its diluted by some level of inflation relative to their contracted wages agreed with data published the previous year. Federal reserve and many other banks now retain a principle objective to always depreciate the value of cash by 2% each year which sounds ok but compounding over a decade it becomes a significant loss accumulating especially if the inflation is greater then recorded.
Topic: That's why we see higher taxes more burden on working people (Read 179 times)
The government must ensure that it has sufficient revenue—primarily through taxation to meet these obligations.
So you want the government to overtax her citizens just for them to generate enough revenues that will serve every needs of the government? That's a very harsh situation I must say because there are so many low income earners in the society that regardless of the little amounts they receive as salary but yet they manage to pay taxes so have you imagined how miserable life will be on them if the government decides to increase taxes?
The goverment debt needs to paid with exacly % to investors.
It was easy decision to borrow funds when was covid19 but now it's time to pay the price.
When governments face rising debt levels or increased obligations due to maturing bonds and interest payments, they may choose to raise taxes as a strategy for generating additional revenue.
This is particularly true if:
1.Economic growth is stagnant or declining.
2.There is an urgent need for funding public services.
3.Existing tax revenues are insufficient to cover both operational expenses and debt obligations.
Once a government issues bonds, it incurs a legal obligation to pay back both the principal and interest on those bonds. This is known as debt servicing. The government must ensure that it has sufficient revenue—primarily through taxation to meet these obligations.
So with higher rates and with another higher fees and Premiums we not told but we slowly paying off the usa debt off course it can not be paid fast but slowly with more taxes and with higher rates everybody pay off the debt you just not told that but you all do.
Whenever the Government of any nation goes to borrow this money, there is always strategic plans from the government and the country they are borrowing from, on how to pay back those loans, repayment can be derived from regular taxes collected by the government and other productive means that government collect revenue in one way or the other. But if the government rely on increasing tax to pay back loans collected, they will be doing themselves a great disservice because increase in taxes will one way or the other snowball into inflation, thereby putting more pressure on demand and supply which will cause a multiplier effect on the hike in food prices and other commodities, which I believe is the same thing the government is avoiding.It was easy decision to borrow funds when was covid19 but now it's time to pay the price.
When governments face rising debt levels or increased obligations due to maturing bonds and interest payments, they may choose to raise taxes as a strategy for generating additional revenue.
This is particularly true if:
1.Economic growth is stagnant or declining.
2.There is an urgent need for funding public services.
3.Existing tax revenues are insufficient to cover both operational expenses and debt obligations.
Once a government issues bonds, it incurs a legal obligation to pay back both the principal and interest on those bonds. This is known as debt servicing. The government must ensure that it has sufficient revenue—primarily through taxation to meet these obligations.
So with higher rates and with another higher fees and Premiums we not told but we slowly paying off the usa debt off course it can not be paid fast but slowly with more taxes and with higher rates everybody pay off the debt you just not told that but you all do.
So government should rather borrow within their limit so it will be easy to pay back and not borrow extreme and later go into difficulties in repaying loans they've collected.
Working class people don't invest on bonds that much, they don't invest at all apart from real estate which becomes a big liability due to their ignorance. Now about the topic, it's way of tricking us to pay more and they always find a reason to do it so.
But increasing the tax would increasing the amount by the investor at the end of tenure? Or am I missing something here.
But increasing the tax would increasing the amount by the investor at the end of tenure? Or am I missing something here.
IN this developed era of civilization, everyone have to pay tax as long as they are withing the jurisdiction of a particular country and they are into a public business in which the government can reach on to demand for in paying tax, but we can also have some extra addition sources of income in which we may not pay tax on and still earn from them, such are like what we have in personal skills and other services in which we may render aside the working class jobs commons to the government.
That could really be an underneath strategies of the government because the causes of inflation has never been unrevealed.
During to he COVID, there was a seized towards economy growth which means to generate funds for public infrastructures became a serious challenge leading to the hike of taxes through inflations at when the government tries to stabilize the financial system.
During to he COVID, there was a seized towards economy growth which means to generate funds for public infrastructures became a serious challenge leading to the hike of taxes through inflations at when the government tries to stabilize the financial system.
The government must ensure that it has sufficient revenue—primarily through taxation to meet these obligations.
So you want the government to overtax her citizens just for them to generate enough revenues that will serve every needs of the government? That's a very harsh situation I must say because there are so many low income earners in the society that regardless of the little amounts they receive as salary but yet they manage to pay taxes so have you imagined how miserable life will be on them if the government decides to increase taxes? I know that taxes are necessary in order for the government to generate revenues to run a country but that doesn't mean the government should make harsh decisions that will affect the well being of her citizens and moreover any unfair decision the government takes falls directly to the common people in the society who are struggling to meet up daily needs for their families.
Rather than saying the government should increase taxes, it would be easier for them to cut down their annual budgets to match up with the revenue that is being generated but however, except a country that has good economic system otherwise it is difficult to abstain from borrowing debts from other countries to meet up with the demands to run a country
Agree, by influencing incentives, taxes can also affect both supply and demand. Reducing marginal tax rates on wages and salaries can induce individuals to work more and more. Lowering marginal tax rates on the assets can encourage also saving. Business income can also cause some companies to invest domestically rather than abroad and broader economy till domino effect, just by lowering marginal tax. But on the other side tax reduction had the tendency to have negative supply effects. The long-run effects of tax policies depend not only on their incentive effects but also on their budgetary effect.
If the government reduces marginal tax rates on individuals, the long run effects could be positive or negative depending on whether the resulting impacts on saving and investments.
People don't seem to realize (or they just don't care) that the U.S. government debt is now more than $100,000 per person. It is not feasible for people to pay that amount in taxes, so the debt cannot be repaid. The only way to avoid default is inflation.
This is the future we face -- high taxes and inflation.
This is the future we face -- high taxes and inflation.
That's why things like this and strong community and team work is nessecary where you can join with fund.
https://bitcointalksearch.org/topic/new-way-to-trade-solana-meme-coins-with-our-telegram-channel-etf-system-5504769
The reality, however, at least as far as my country and apparently the US is concerned is that the borrowing is a lot faster than paying. What's allotted to debt servicing simply can't catch up with the growth rate of debt. It doesn't help that there's a crisis every now and then. There's the pandemic, there's an invasion somewhere, another conflict somewhere else, natural calamities every once in a while, and so forth. It seems the government doesn't run out of reasons to print more money than they could afford.
What's even worse, again at least as far as my country is concerned, is that debts aren't acquired to address what's listed in the OP. A bigger slice of these debts go to personal pockets of officials. Needless to say, and as a necessary result, the acquisition of debts doesn't translate into economic growth. As such, the debt-to-GDP ratio is consistently rising. Although there are little improvements every once in a while, the bigger picture continues to provide a bleak outlook.
Things are getting so out of hand that governments are only paying the interest and not the principal of their debt, and soon enough not even that is going to be possible.What's even worse, again at least as far as my country is concerned, is that debts aren't acquired to address what's listed in the OP. A bigger slice of these debts go to personal pockets of officials. Needless to say, and as a necessary result, the acquisition of debts doesn't translate into economic growth. As such, the debt-to-GDP ratio is consistently rising. Although there are little improvements every once in a while, the bigger picture continues to provide a bleak outlook.
So it is clear the current economic system is bound to collapse, however people are so out of touch with this reality that it would not surprise me if it took decades for this to happen, it is because of this that it is key to hold most of our wealth in assets that can at least keep some of their value in the case such a collapse happened, with bitcoin being a good alternative as the thing that is the most scarce at the time is a strong form of money.
The reality, however, at least as far as my country and apparently the US is concerned is that the borrowing is a lot faster than paying. What's allotted to debt servicing simply can't catch up with the growth rate of debt. It doesn't help that there's a crisis every now and then. There's the pandemic, there's an invasion somewhere, another conflict somewhere else, natural calamities every once in a while, and so forth. It seems the government doesn't run out of reasons to print more money than they could afford.
What's even worse, again at least as far as my country is concerned, is that debts aren't acquired to address what's listed in the OP. A bigger slice of these debts go to personal pockets of officials. Needless to say, and as a necessary result, the acquisition of debts doesn't translate into economic growth. As such, the debt-to-GDP ratio is consistently rising. Although there are little improvements every once in a while, the bigger picture continues to provide a bleak outlook.
What's even worse, again at least as far as my country is concerned, is that debts aren't acquired to address what's listed in the OP. A bigger slice of these debts go to personal pockets of officials. Needless to say, and as a necessary result, the acquisition of debts doesn't translate into economic growth. As such, the debt-to-GDP ratio is consistently rising. Although there are little improvements every once in a while, the bigger picture continues to provide a bleak outlook.
People don't seem to realize (or they just don't care) that the U.S. government debt is now more than $100,000 per person. It is not feasible for people to pay that amount in taxes, so the debt cannot be repaid. The only way to avoid default is inflation.
This is the future we face -- high taxes and inflation.
This is the future we face -- high taxes and inflation.
the debt however is spread generational, the debt is not a per year debt. meaning the $100k figure you gave would be like only $10k per year on a 10 year redemption or $5k on a 20 year redemption
its also a display of mis-management of funds.
many times we see local and national governments get a budget and instead of being economical they instead have a mindset that if they dont spend it they lose the budget in the next year. so they spend funds on needless things to get the budget to zero by year end.
however simple changes to budget procedures could actually change how the funds are spent more wisely to then not incur debts and instead pay off debts over a number of years
The government must ensure that it has sufficient revenue—primarily through taxation to meet these obligations.
So you want the government to overtax her citizens just for them to generate enough revenues that will serve every needs of the government? That's a very harsh situation I must say because there are so many low income earners in the society that regardless of the little amounts they receive as salary but yet they manage to pay taxes so have you imagined how miserable life will be on them if the government decides to increase taxes? I know that taxes are necessary in order for the government to generate revenues to run a country but that doesn't mean the government should make harsh decisions that will affect the well being of her citizens and moreover any unfair decision the government takes falls directly to the common people in the society who are struggling to meet up daily needs for their families.
Rather than saying the government should increase taxes, it would be easier for them to cut down their annual budgets to match up with the revenue that is being generated but however, except a country that has good economic system otherwise it is difficult to abstain from borrowing debts from other countries to meet up with the demands to run a country
People don't seem to realize (or they just don't care) that the U.S. government debt is now more than $100,000 per person. It is not feasible for people to pay that amount in taxes, so the debt cannot be repaid. The only way to avoid default is inflation.
This is the future we face -- high taxes and inflation.
This is the future we face -- high taxes and inflation.
The goverment debt needs to paid with exacly % to investors.
It was easy decision to borrow funds when was covid19 but now it's time to pay the price.
When governments face rising debt levels or increased obligations due to maturing bonds and interest payments, they may choose to raise taxes as a strategy for generating additional revenue.
This is particularly true if:
1.Economic growth is stagnant or declining.
2.There is an urgent need for funding public services.
3.Existing tax revenues are insufficient to cover both operational expenses and debt obligations.
Once a government issues bonds, it incurs a legal obligation to pay back both the principal and interest on those bonds. This is known as debt servicing. The government must ensure that it has sufficient revenue—primarily through taxation to meet these obligations.
So with higher rates and with another higher fees and Premiums we not told but we slowly paying off the usa debt off course it can not be paid fast but slowly with more taxes and with higher rates everybody pay off the debt you just not told that but you all do.
It was easy decision to borrow funds when was covid19 but now it's time to pay the price.
When governments face rising debt levels or increased obligations due to maturing bonds and interest payments, they may choose to raise taxes as a strategy for generating additional revenue.
This is particularly true if:
1.Economic growth is stagnant or declining.
2.There is an urgent need for funding public services.
3.Existing tax revenues are insufficient to cover both operational expenses and debt obligations.
Once a government issues bonds, it incurs a legal obligation to pay back both the principal and interest on those bonds. This is known as debt servicing. The government must ensure that it has sufficient revenue—primarily through taxation to meet these obligations.
So with higher rates and with another higher fees and Premiums we not told but we slowly paying off the usa debt off course it can not be paid fast but slowly with more taxes and with higher rates everybody pay off the debt you just not told that but you all do.
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