Post
Topic
Board Economics
Re: High taxes killing economy it's problem
by
Cookdata
on 01/01/2025, 21:13:03 UTC
The political leaders talking like they want to improve economy but everything they do is taking down people can see that they want to add more taxes well it's a high pressiure on people.
Off course goverment knows exacly that higher taxes killing but keep going, perhaps we have reached to the point when something got be sacraficed in this case small company owners or self employers will take the hardest hit but some how some ways big corporations just keep earning and still pay little or no taxes.
It seems like they really want to kill economy perhaps it's time to let air out and pop the bubble to restart everything again from the down point seems like that's what the goverments are doing now.

If there is inflation or a currency isn't stable with inflation, there will be increment in everything and if there is high increment, you don't expect an amount that has lose 50% of its value government should go to the government. Remember there is also budget padding and announcements, there is always yearly increase, if these money has reduce their purchasing power, there will be increment continuely unless inflation has been resolved to reduce the inflation too.

The only thing I'm not sure about this is reducing the high tax of price has went up. The reason is that government also use this as a way to reduce the money in circulation, they use this event to reduce the inflation in the country but if you are from where price of items doesn't comes down when the price has increase, it's not a good thing to implement.