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Topic: What are some not so obvious things that damage a country's economy? - page 2. (Read 6505 times)

hero member
Activity: 2100
Merit: 546
Leading Crypto Sports Betting & Casino Platform
Things that damage the economy indirectly.

For example I feel that fast food and an unhealthy lifestyle leads chronic health problems that probably affects the economy not just monetarily.

Of course we can't just deny these people care, just promote a healthier lifestyle.

What are other things that we can change that will affect the economy in a positive way?

Cost of healthcare is a big problem in some countries like America. Some people have to ration their prescriptions rather than use the proper dosage because they can’t afford them. Some even go bankrupt because of healthcare costs.
In my honest opinion, we should not consider government as someone who really cares about us. Even Denmark, which is popular for providing basic facilities for free, takes huge amounts of tax from its citizen. So in order to improve our own economy we should invest in Bitcoin and try day trading with it. Bitcoin can solve our financial problems with ease. The earlier we invest in it, the more we will make from it.
hero member
Activity: 2044
Merit: 784
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What are other things that we can change that will affect the economy in a positive way?
I think overvaluation of worthless things can lead the economy downhill... It's very common nowadays, for an example the overvaluation of worthless culture: movies, music, tv shows, behaviors. Countries that go this way renounce their potential to produce good content to export it to the world.
They lose their status and become a second or third class country. The content they produce will be priceless, reflecting on the economy results. Sadly even very advanced countries are committing these mistakes.
hero member
Activity: 1750
Merit: 589
Things that damage the economy indirectly.

For example I feel that fast food and an unhealthy lifestyle leads chronic health problems that probably affects the economy not just monetarily.

Of course we can't just deny these people care, just promote a healthier lifestyle.

What are other things that we can change that will affect the economy in a positive way?
Negligence, no one notices it and no one even thought of it. People are so blinded and so used to their "I won't do it, someone out there would do it anyway" mindset and its slowly eating up the whole society like a cancer. If we'll start looking on the smaller picture, for instance an individual who constantly thinks that their vote won't be of any effect because they are thinking that its only one vote, but then on the bigger picture there are lots of them who thinks the same way making the country lose thousands of votes which could've done something positively only if they didn't neglect their voting responsibility. This is only one of so many instances where negligence is the one that is accountable for big failures.
hero member
Activity: 1008
Merit: 510
Things that damage the economy indirectly.

For example I feel that fast food and an unhealthy lifestyle leads chronic health problems that probably affects the economy not just monetarily.

Of course we can't just deny these people care, just promote a healthier lifestyle.

What are other things that we can change that will affect the economy in a positive way?

Cost of healthcare is a big problem in some countries like America. Some people have to ration their prescriptions rather than use the proper dosage because they can’t afford them. Some even go bankrupt because of healthcare costs.
legendary
Activity: 2590
Merit: 1882
Leading Crypto Sports Betting & Casino Platform
~snip~

Today, what can positively affect a country's economy is undoubtedly that politicians do not handle it, because due to erroneous decisions they can generate inflation and crisis.

Today, many economies in some countries, especially in Latin American countries, make decisions based on politics and not as economic measures, obtaining more liquidity for those in charge of power, but at a very high price of inflation, so that people seek refuge quickly for their money, gold and Bitcoin are the best alternatives so far, that is what they are currently taking as an option in Argentina, Venezuela, Chile ... and the trend will continue to increase, because the debt increases every day in each nation.
member
Activity: 459
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I think some of the ambiguous things that damage the economy in my country are social networks, social networks that have been so developed over the last 20 years, people spend most of their time on them, reducing productivity at work, in addition to corruption is also a huge flaw, the governments in my country are not really clear, transparent also the transportation system is not well developed yet, often traffic jams cause delays of work, economy.
hero member
Activity: 2366
Merit: 793
Bitcoin = Financial freedom
If the taxes are such that quality alcohol becomes prohibitively expensive for the majority of consumers, people will start using some poisonous shit instead (this is a sad reality in Russia, for example). And then the government will have to spend these taxes on healthcare dealing with the victims of cheap and low-grade drinks, which would make the whole effort of raising more taxes counterproductive, if not outright destructive to the economy and people in general
Exactly,then again they will spend little on healthcare and make more money from those taxes only exceptions were few countries which are providing high class health care for free to all their citizen.
sr. member
Activity: 532
Merit: 284
Agrees that complete ban on alcohol will put the country into chaos but increasing taxes for these products will not decrease the consumption so they want the taxes from it as well.

I never thought about that, if we didn't learn from our history, these same incidents will occur again. The reasoning of increased tax for the goods should be transparent from the government, I'm pretty sure they will do that (well, depends on the type of government).
I expressed opinion based in what is happening in my country,they say they will not allow people to addict alcohol but they still allowing more bars which means they just aim for the revenue not about the promises they made before and you know it has biggest chunk of total revenue comes from taxes on tobacco,alcohols,etc.

Then we have nothing to argue--but there's still something we can compare. If your country has a really high tax on tobacco, alcohol-related products, then this might really affect the majority of its citizens. After all, it is very casual for people to drink, or smoke. So in the end, raising taxes on these products doesn't really resolve the issue, at least in your country. But here in my country, normal citizens can still buy these products as it's still considered as cheap, why(?), because the cheapest beer of bottle here only costs $1~$2, and $1~$3 for a pack of cigarette (in fact they've already raised the tax of these products, before it was half of that). But I've seen in some news that they're still going to raise it for a bit. But aside from that, confectionary-related products are also included, so they're going to be even more expensive as it is.
legendary
Activity: 3514
Merit: 1280
English ⬄ Russian Translation Services
This is a very, very complicated issue

The government can't just ban alcohol as the outcome of this effort is well-known to us. As a matter of fact, the US government did actually try to do exactly that in 1920's (the so-called Prohibition), and instead of solving one problem, that of alcohol consumption (which it didn't solve anyway), it had created a whole bunch of other problems such as the rise of organized crime (the image of Al Capone should instantly emerge in one's mind as the epitome of that era), political corruption, clandestine production, and bootlegging business, to name but just a few
Agrees that complete ban on alcohol will put the country into chaos but increasing taxes for these products will not decrease the consumption so they want the taxes from it as well

And this, in turn, can lead to a plethora of negative consequences of its own

If the taxes are such that quality alcohol becomes prohibitively expensive for the majority of consumers, people will start using some poisonous shit instead (this is a sad reality in Russia, for example). And then the government will have to spend these taxes on healthcare dealing with the victims of cheap and low-grade drinks, which would make the whole effort of raising more taxes counterproductive, if not outright destructive to the economy and people in general
hero member
Activity: 2366
Merit: 793
Bitcoin = Financial freedom
Agrees that complete ban on alcohol will put the country into chaos but increasing taxes for these products will not decrease the consumption so they want the taxes from it as well.

I never thought about that, if we didn't learn from our history, these same incidents will occur again. The reasoning of increased tax for the goods should be transparent from the government, I'm pretty sure they will do that (well, depends on the type of government).
I expressed opinion based in what is happening in my country,they say they will not allow people to addict alcohol but they still allowing more bars which means they just aim for the revenue not about the promises they made before and you know it has biggest chunk of total revenue comes from taxes on tobacco,alcohols,etc.
sr. member
Activity: 1148
Merit: 252
Poor education system and bad governance ruins the economy of the country. Lack of education leads to chaos, I believe if people are well educated the likelihood of them voting a corrupt leader would be less, and they will know how and when to stand if they see that something is off or wrong in their leaders governance.
it is true that you convey the country's economy can be destroyed because the economy's perpetrators use it for their own interests over the interests of others and one of them as you submit corruption with crypto currencies all kinds of corruption will be detected very clearly because of the nature of transparent currencies
hero member
Activity: 1274
Merit: 519
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Poor education system and bad governance ruins the economy of the country. Lack of education leads to chaos, I believe if people are well educated the likelihood of them voting a corrupt leader would be less, and they will know how and when to stand if they see that something is off or wrong in their leaders governance.
member
Activity: 672
Merit: 14
The economic status of a country is determined by the value of the currency of that country. An what brings value to a country's currency may include foreign exchange, tourism, importation and exportation of goods, etc. For a country to have high value for its currency, it must be able to export more products to foreign countries than the rate of importing goods. This also raises its foreign exchange status.
sr. member
Activity: 1148
Merit: 251
There's a lot of thing damage the country economy like education some countries poor education, social media that kills bond of family and government that some of them are corrupt take the advantage of every poor people. If we help each other and be aware to everything it will solve all the damage in every country enonomy but we know that it's not easy.
sr. member
Activity: 532
Merit: 284
So we can say that companies paying taxes and collecting the paid amount from us,if you not aware of it go and see the something you bought it recently it will clearly explains how much taxes you have been paid for buying it unfortunately many people not aware of they were paying taxes to everything while purchasing.

Income tax is another thing and its depends on the annual income so its just extra tax from our income to be paid.

I can say you,I never drink alcohol but I am a smoker at least 20 per day. Cheesy

I get it, that's why I brought it, and that's not the point. But merely increasing the tax or rather sin-tax on products such as tobacco, alcohol-related goods, will not damage the economy entirely. In fact, it is also a strategy by the government if the economy is in shambles (or for instance if the country has a debt in the world bank and this is one of their strategies to cope up, like here in my country)--thus inflation will take effect.

I'm not really a hard drinker, only occasionally, when I and my friends or relatives gather for such a long time, being busy and all that. I can't sympathize your level of smoking, you see, my lungs aren't strong when I was a kid and I had to take medication because of dust, smoke, etc. and even if I'm ok now, I had that habit of not intaking any of it as possible.

And what is that responsible promoting of alcohol? They want their citizens to die slowly? because they need taxes from them

This is a very, very complicated issue

The government can't just ban alcohol as the outcome of this effort is well-known to us. As a matter of fact, the US government did actually try to do exactly that in 1920's (the so-called Prohibition), and instead of solving one problem, that of alcohol consumption (which it didn't solve anyway), it had created a whole bunch of other problems such as the rise of organized crime (the image of Al Capone should instantly emerge in one's mind as the epitome of that era), political corruption, clandestine production, and bootlegging business, to name but just a few
Agrees that complete ban on alcohol will put the country into chaos but increasing taxes for these products will not decrease the consumption so they want the taxes from it as well.

I never thought about that, if we didn't learn from our history, these same incidents will occur again. The reasoning of increased tax for the goods should be transparent from the government, I'm pretty sure they will do that (well, depends on the type of government).
hero member
Activity: 2366
Merit: 793
Bitcoin = Financial freedom
<....>
1) You need to understand companies are not paying taxes, we (consumers) paying it,so no matter how much tax has been out of for a product it will just weigh on the consumers (smokers and alcholic).

2) I too knew only when people got better life from a country can be considered as strong economy but is there any country being like that?

3) And what is that responsible promoting of alcohol? They want their citizens to die slowly? because they need taxes from them.

1) Are you sure about that(?) because this one says otherwise. After you read those, maybe you'll have a change of opinion, looking forward to that.

2) Every country is divided into classes (high>medium>low), rich to poor if simplified. I know this may sound discriminating but that's how it goes.

3) Don't tell me you haven't had alcohol before(?), I don't wanna pry on you but sometimes alcohol is the catalyst in creating/tempering relationships in general. I'm not sure about smoking tho, that's the real poison. And like I said, it is to promote moderation--and prevent overconsumption of an individual should.
So we can say that companies paying taxes and collecting the paid amount from us,if you not aware of it go and see the something you bought it recently it will clearly explains how much taxes you have been paid for buying it unfortunately many people not aware of they were paying taxes to everything while purchasing.

Income tax is another thing and its depends on the annual income so its just extra tax from our income to be paid.

I can say you,I never drink alcohol but I am a smoker at least 20 per day. Cheesy
And what is that responsible promoting of alcohol? They want their citizens to die slowly? because they need taxes from them

This is a very, very complicated issue

The government can't just ban alcohol as the outcome of this effort is well-known to us. As a matter of fact, the US government did actually try to do exactly that in 1920's (the so-called Prohibition), and instead of solving one problem, that of alcohol consumption (which it didn't solve anyway), it had created a whole bunch of other problems such as the rise of organized crime (the image of Al Capone should instantly emerge in one's mind as the epitome of that era), political corruption, clandestine production, and bootlegging business, to name but just a few
Agrees that complete ban on alcohol will put the country into chaos but increasing taxes for these products will not decrease the consumption so they want the taxes from it as well.
legendary
Activity: 3514
Merit: 1280
English ⬄ Russian Translation Services
And what is that responsible promoting of alcohol? They want their citizens to die slowly? because they need taxes from them

This is a very, very complicated issue

The government can't just ban alcohol as the outcome of this effort is well-known to us. As a matter of fact, the US government did actually try to do exactly that in 1920's (the so-called Prohibition), and instead of solving one problem, that of alcohol consumption (which it didn't solve anyway), it had created a whole bunch of other problems such as the rise of organized crime (the image of Al Capone should instantly emerge in one's mind as the epitome of that era), political corruption, clandestine production, and bootlegging business, to name but just a few
sr. member
Activity: 532
Merit: 284
<....>
1) You need to understand companies are not paying taxes, we (consumers) paying it,so no matter how much tax has been out of for a product it will just weigh on the consumers (smokers and alcholic).

2) I too knew only when people got better life from a country can be considered as strong economy but is there any country being like that?

3) And what is that responsible promoting of alcohol? They want their citizens to die slowly? because they need taxes from them.

1) Are you sure about that(?) because this one says otherwise. After you read those, maybe you'll have a change of opinion, looking forward to that.

2) Every country is divided into classes (high>medium>low), rich to poor if simplified. I know this may sound discriminating but that's how it goes.

3) Don't tell me you haven't had alcohol before(?), I don't wanna pry on you but sometimes alcohol is the catalyst in creating/tempering relationships in general. I'm not sure about smoking tho, that's the real poison. And like I said, it is to promote moderation--and prevent overconsumption of an individual should.
hero member
Activity: 2366
Merit: 793
Bitcoin = Financial freedom
Do you know how much tax has been asked for medicines,alcohol and cigarettes,in most countries it is about 30 to 60% so this give huge revenue to government,Isn't it?

If government making huge revenue then it could leads to make them stronger economy,Isn't it?

Mass production of something will lessen the production cost not going to increase it.

If government care about the younger generation then should have to ban it but increasing or decreasing the taxes doesn't alter the usage or consumption it will makes more revenue.

I apologize because honestly, I have to chuckle on you for that.

60% is too much for a tax, even 30%. I think 15% or less is more realistic. But given the situation that the government wanted to tax as high as 60%, then the company that produces alcohol and tobacco (cigarettes) will lessen its production, thus only increasing its price, but will still yield the same revenue--as they will have less raw materials to process and fewer workers to work with. If they mass-produce even if they know that the government is taxing those products by 30% or 60%, then they're not good businessmen, and they will probably get bankrupt.

Mind you, yes the government influences the economy, but they're not entirely tied to it. I don't know how you view taxes, government, and economy but you should definitely need to do your assignments.

And no, they have no plans on banning alcohol or tobacco, the main purpose of it, is to promote responsible drinking or smoking, and to avoid too much a person should consume.
You need to understand companies are not paying taxes, we (consumers) paying it,so no matter how much tax has been out of for a product it will just weigh on the consumers (smokers and alcholic).

I too knew only when people got better life from a country can be considered as strong economy but is there any country being like that?

And what is that responsible promoting of alcohol? They want their citizens to die slowly? because they need taxes from them.
sr. member
Activity: 532
Merit: 284
Do you know how much tax has been asked for medicines,alcohol and cigarettes,in most countries it is about 30 to 60% so this give huge revenue to government,Isn't it?

If government making huge revenue then it could leads to make them stronger economy,Isn't it?

Mass production of something will lessen the production cost not going to increase it.

If government care about the younger generation then should have to ban it but increasing or decreasing the taxes doesn't alter the usage or consumption it will makes more revenue.

I apologize because honestly, I have to chuckle on you for that.

60% is too much for a tax, even 30%. I think 15% or less is more realistic. But given the situation that the government wanted to tax as high as 60%, then the company that produces alcohol and tobacco (cigarettes) will lessen its production, thus only increasing its price, but will still yield the same revenue--as they will have less raw materials to process and fewer workers to work with. If they mass-produce even if they know that the government is taxing those products by 30% or 60%, then they're not good businessmen, and they will probably get bankrupt.

Mind you, yes the government influences the economy, but they're not entirely tied to it. I don't know how you view taxes, government, and economy but you should definitely need to do your assignments.

And no, they have no plans on banning alcohol or tobacco, the main purpose of it, is to promote responsible drinking or smoking, and to avoid too much a person should consume.
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