Post
Topic
Board Economics
Re: Reason we pay taxes and why we should
by
davinchi
on 23/06/2018, 08:15:59 UTC
If we didn't pay taxes then how do you think society would be? We would have to go back to being hunter and gatherers. Infrastructure would not be there.
I agree to what you say. I would also add that the government needs taxes because it has to fund its budget and without the masses paying taxes, government is nothing but a naught.

Also the taxes we give tend to reduce the gap between the rich and poor and this gap if finished, finishes many crimes from the society. The income collected as a result of taxes is redistributed by the government among people in the form of facilities.
I don’t understand what are you talking about? Do you mean that taxes are the friendliest jurisdiction for crypto legalization or what? I don’t think that jurisdiction has anything to do with taxes. Anyway a country can stand only on the pillars of taxes. If people do not pay taxes, their economy will down more and more and they will live under the poverty line.
In my opinion, only taxes can drive a country forward be it income taxes or sales taxes. The money goes to the government because the resources of that country are being used in the process of production and this is why the government charges them.

Also the concept of taxation can be instrumental in finishing the gap between the rich and poor of a country and is a key towards redistribution of income. There are some countries that have gone beyond the level of needing taxes as a fund for the government budget and do not tax people like Dubai.