When economics of countries goes bad then goverment have to take from rich aways

Yucky

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Quote from: alani123 on September 24, 2024, 05:32:46 PM

You have highlighted one very important problem with capitalism.

Our current system allows the ones that can afford investment to extract value from th labour of the working class and give little to nothing back. Supposedly we have to be grateful for having work, but what if we can't even pay our bills? Shouldn't more money from our labour end back in our pocket? In every financial crisis, governments have taken measures to support the banks and the rich class, but do nothing to tax the rich more to prevent issues like this from continuing.

If only the government will Increase taxes on the wealthy to reduce the inequality on the average mass so they can get funds for other sectors. Also, if fair wages, standard benefits, and reasonable working conditions like the big folks enjoy is a norm for every worker at whatever level then the issue of economic downtime can be avoided.

You notice that some people are working but struggling to pay house rent but if the hobs they wake up so early to everyday covers housing, healthcare, and education, a larger mass will not he poor. But then again the people in government offices fall into the rich category who don't want to sacrifice their comfort.

It's only fair that people who work daily and create wealth through their labor receive a fair share of the wealth generated, rather than simply being grateful for employment.

BADecker

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There is something that the wealthy who are in control need to consider. It's called 'Enlightened Self-Interest'.

The more feeling of freedom an average worker has, the harder he will work for himself, and the more the wealthy will make off him.

It benefits the wealthy to twist government towards freedom for the worker.

Cool

alani123

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You have highlighted one very important problem with capitalism.

Our current system allows the ones that can afford investment to extract value from th labour of the working class and give little to nothing back. Supposedly we have to be grateful for having work, but what if we can't even pay our bills? Shouldn't more money from our labour end back in our pocket? In every financial crisis, governments have taken measures to support the banks and the rich class, but do nothing to tax the rich more to prevent issues like this from continuing.

passwordnow

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Quote from: Fullbear2222 on September 20, 2024, 03:29:33 AM

There is no way the goverments will take from rich.

There is way but they need to be communists. Just like what happened to Jack Ma, he seemed very vocal with his speeches and talks globally but all of a sudden he became quiet and probably gone. I don't know his wherebouts today but that's the case for the countries that have that type of regime. While the other countries that are democractic and have the freedom to their people, sometimes it is the opposite. The riches are the ones that are taking things from the government because money is power.

The power hungry rich and oligarchs are the ones taking into the position for their own self interest. They're even threatening the government that they will move to the other places to operate their businesses because that will be a big less to where they are found. So, it's a case to case basis that we have to consider about it. The entire world is having its own difficulty per country for their economies but for sure the rich ones are also doing their things like making their own bunkers for what?

EluguHcman

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The rich fleeing away out of its countries like the UK due to poor economy? After much working hand in hands with the governments to riddle the economy? Well, that feels a shame upon them on their incapabilities to straighten the outbreaks of their economy failure.

So what happens when they goes to other already standard economy? Going to ear from the already made that is being structured by fellow rich people over there? Still a shame!

Instead they should imply their entrepreneural methodologies in aligning with the economists jurisdiction so that they could reinstall back their attractive economy which in time would be some credits to them, they think leaving the country is an overall alternative for them to maintain their rich portfolios.

Well, when the government is not helping out to build a better economy in the country i don't think if the riches may have the chances to decide on restructuring the situation because Powers of and infrastructures to economy capacities lies on them (government) while the riches are only in partnerships.

Cryptomultiplier

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Quote from: icalical on September 20, 2024, 07:53:18 AM

From what I've read the UK will have to face losing about 9,500 millionaires alone in 2024, a figure much higher than last year. These are thought to be due to superior tax conditions and lifestyle benefits in Dubai, Switzerland, and Monaco. Of course, not all is gloomy for the UK; for every few rich men moving out, many more are still lured in by its stability and possibilities, especially where finance and technology are concerned.

The argument that countries would collapse without the rich, aside from such an event being quite unlikely. Most governments tend to correct their policies as soon as a few rich people relocate to avoid fallout. Much more the countries like UK have to offer other than just base themselves on ultra-high-net-worth individuals. The real problem lies with the middle class taxpayer who has been bearing the main brunt of increased taxes and changes in economic circumstance.

The rich became so having known how to navigate the intricacies of tax paying. That is, in some cases, these rich people don't get to pay their taxes in same way the poor do, because as we see the poor getting taxed from salaries or wages, the rich get their businesses to pay their taxes for them and through these businesses they can acquire property that wouldn't be taxed much because it was bought and paid for by the big business or corporation they oversea.

A rich fellow or family with few cents in their main account may have so much more investments that could span into cryptocurrency ETF, bonds, stocks, real estate, other businesses. So they are always sure to have money one way or another, and when a country is undergoing some financial crisis, these so called rich persons may be called on for financial insights or loans that may require the government to trade information or secrets with them but where such doesn't happen and the rich becomes the target by government to be milked from forcefully or with policies that would make them lose much of their possessions, you then see these rich people leaving to other counties or regions to live and be independent.

Oluwa-btc

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Quote from: icalical on September 20, 2024, 07:53:18 AM

The argument that countries would collapse without the rich, aside from such an event being quite unlikely. Most governments tend to correct their policies as soon as a few rich people relocate to avoid fallout.

It's definitely gonna hit hard to the government eventually when all this rich men find way to their financial safety due to government exuberant acts and policies and with time they would not be able to balance that in regards to the economic growth and stability, instead of paving way to make things better and easier for individuals they stretch hands towards the rich so they can entirely end up the clan of rich, everyone is concerned about the increased tax rates of a country but even with that it should amount to a country growth rather than fall. And why won't they amend their policies cause the rich relocated, they know there's no much dealings anymore possibly this is why it's needed for a country to be after the individuals financial stability than any political quests and rivalry cause they will still fall back to the rich for such assistance.

iBaba

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Quote from: icalical on September 20, 2024, 07:53:18 AM

The argument that countries would collapse without the rich, aside from such an event being quite unlikely. Most governments tend to correct their policies as soon as a few rich people relocate to avoid fallout. Much more the countries like UK have to offer other than just base themselves on ultra-high-net-worth individuals. The real problem lies with the middle class taxpayer who has been bearing the main brunt of increased taxes and changes in economic circumstance.

While some countries continue to build their rich communities by limiting the circulating the country's economy around just the little influencial people thereby caring less of the other population, some country's are seriously working towards how to decentralize the financial power within the few rich communities and build a strong financial inclusion system by making financial products and services available for small and medium sized businesses.

icalical

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From what I've read the UK will have to face losing about 9,500 millionaires alone in 2024, a figure much higher than last year. These are thought to be due to superior tax conditions and lifestyle benefits in Dubai, Switzerland, and Monaco. Of course, not all is gloomy for the UK; for every few rich men moving out, many more are still lured in by its stability and possibilities, especially where finance and technology are concerned.

The argument that countries would collapse without the rich, aside from such an event being quite unlikely. Most governments tend to correct their policies as soon as a few rich people relocate to avoid fallout. Much more the countries like UK have to offer other than just base themselves on ultra-high-net-worth individuals. The real problem lies with the middle class taxpayer who has been bearing the main brunt of increased taxes and changes in economic circumstance.

Yatsan

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Quote from: Fullbear2222 on September 20, 2024, 03:29:33 AM

There is no way the goverments will take from rich.
For example in UK If rich want to exit from UK to countries then they might pay exit penalty.
The easy times are over and Fed and central banks not capable for this kind of perfomance never anymore like they did year 2021. so not so much easy money anymore.

But can imagine UK specially the London without rich super wealthy people lol ? I cant so the shine of UK will fall
And what about Banks ? Lol they could fall too.

So things goes bad the rich have to make decisions do they leave before too Late or they pay just little fee but they don't sink together with economic Titanic.

And where people all go ? Dubai Monaco and switzerland lately to italy also.

There is also the threat that countries might default on debts...so it means those honest business owners and tax payers will be the ones who need to take all this burden.

This are not looking good and goverments have problems with money.

You raise a few quite pertinent questions in terms of the financial aspects and government policies. Of course, high earners do have an outlet to move if the economics are not perceived to be optimal. And there would be issues for countries dependent upon savings through taxes.

That the rich exist is of importance to the economy equal, if not greater than that of America, or in fact any great country, especially when one takes into account a city like London. I find it quite fascinating. Their investment and spending act as vital fuel to the engines of business, and potential losses really can cause very tangible damage.

The other discourse worrying is that over possible government failure and its burden on honest businesses and taxpayers. It speaks volumes to balance governments have to strike to keep an environment where both wealth and businesses can strive without being forced out.

Shifting the rich to Dubai and Monaco says a great deal about people thinking about their future financial planning within the context of government policy.

Fullbear2222

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There is no way the goverments will take from rich.
For example in UK If rich want to exit from UK to countries then they might pay exit penalty.
The easy times are over and Fed and central banks not capable for this kind of perfomance never anymore like they did year 2021. so not so much easy money anymore.

But can imagine UK specially the London without rich super wealthy people lol ? I cant so the shine of UK will fall
And what about Banks ? Lol they could fall too.

So things goes bad the rich have to make decisions do they leave before too Late or they pay just little fee but they don't sink together with economic Titanic.

And where people all go ? Dubai Monaco and switzerland lately to italy also.

There is also the threat that countries might default on debts...so it means those honest business owners and tax payers will be the ones who need to take all this burden.

This are not looking good and goverments have problems with money.

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