Post
Topic
Board Economics
Re: The “Want Everything, Pay Nothing” Problem
by
Abiky
on 17/07/2025, 19:22:27 UTC
Apart from tax payers money is there no other ways government generate revenue? My country is rich in mineral resources which is basically enough to hand most of the government budgets of every year without tax payers money.

So I ask do we still need to pay more tax to get what the people deserve? it might be very different in every one's country but yet for a country like the US with about 37T trillion in debt and still find a way to sponsor wars in other countries wouldn't that be budget to satisfy the desires of the tax payers than take more debts and make them pay more just to use it to sponsor criminal groups like Isis, bokoharam of Nigeria and other internal was of different countries through the so called IMF funds?

If we make a rational thought about tax payers money and how it is controlled it's nothing more than a device to keep the poor being poor, because obviously that's what the debts are meant to do, as long as you earn bigger you pay bigger making you remain in the same cycle so I do not agree that the people want more but don't want to pay more because indirectly we already pay more than we request of the government!

Tariffs can be seen as another way to generate revenue. US President Donald Trump said import tariffs were going to be enough to eliminate the income tax. That hasn't materialized yet, but if it works, it will allow people to live comfortably without paying taxes. Leaving taxes on top of tariffs will generate even greater revenue for governments, but will result in greater economic burden for people.

I understand most young people don't want to work these days, so it's going to become harder for governments to collect taxes in the long run. Future generations will depend completely on government assistance to survive (freeloaders). We can blame recent technological advancements for this (especially AI). Eventually, a UBI (Universal Basic Income) will be established, allowing anyone to earn "free" money without doing nothing. Who's going to work with such a system in place? AI will do all of the work, while we sit back and relax. We'll see how sustainable this will be for mainstream governments in the long run.