Post
Topic
Board Economics
Re: Personal Financial Goals vs Government expectations!
by
Kliss
on 26/06/2024, 07:49:15 UTC
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. Cheesy
It's true that individuals often try hard for financial independence which can sometimes be dispute with the tax burdens imposed by the government particularly on the middle class. It can be frustrating to see a significant portion of your hard-earned money vanish into taxes, especially with indirect taxes adding to the burden. The system does seem designed to keep the middle class in an unending cycle of just getting by without truly growing. Breaking out and achieving real financial freedom requires more than just hard work, it's about understanding the system and playing it smarter like those at the top do. By mastering the rules and finding ways to hold them to your advantage, you can build lasting wealth. It's natural to question a system that sometimes feels like it's holding us back instead of moving us forward.

To go through the system and move closer to your vision of success, it's  critical to adopt a strategic approach that aligns with your aims. One effective strategy is to focus on financial education. By understanding the details of taxes, investments and personal finance, you can make good decisions that work in your favour. Searching for approach like tax efficient investing, diversification and long term wealth building can help you break out of the cycle and build a more secure financial future.