Global debt is record $323 Trillion. Big banks and loan institutions including currency whales make this a bigger problem.
If we start thinking very rational we can figure out that it's not even a world loan because we owe each other and it's accumulated, money is debt which basically means that this is the money in the world currently the high the world debt, the high there is printed money.
In terms of what op is saying, we basically pay this money that he said we don't want to pay but we want more because in a natural sense whatsoever that is money, the tax payers get to fix that through the increment in the tax we pay. So in all sense we are just demanding what we deserve.
Excellent observation on how all this world debt is just money going in and out of pockets. It is almost as though we are all just writing IOUs and saying that it is "wealth". I have been considering this as well: the money of the world is essentially numbers and the more debt, the more money in the system. That is one big balancing act, and yeah, when governments go into more debt, it usually means more money is printed
Who likes to pay when there's nothing in return?
Reading your post sounded like you were talking about my country, i am from Nigeria by the way and most of what you said is also the situation in my country. Nigeria is blessed with natural resources, but where does all the government revenue go to? It is spent on paying politicians all sorts of allowances and paying for their luxury, you would be amazed at how much legislators earn in my country when you compare it to the minimum wage.
That said, i don't have a problem with paying my taxes, but i will feel a lot better if they were used to improve the standard of living to an acceptable level.
Actually many can relate with that. But as for the resources, I think yeah that Nigeria can excel over the others. It is not surprising anymore on why they are still poor but if only their governments are on their right minds, they can easily surpass some countries.
Politicians should not be given by a good salary if they are not doing their jobs well but this is also the reason on why they can kill only to get on their positions. About minimum wage, I think the employer are still free to increase it if they really wanted to but the problem is that many of them are also stingy. They are close to those kind of governments we are talking about earlier.
I think tax system is good to run the country because all people want facility in life and that is, possible by tax system but there should be fair tax application on all people. Rich people are paying no taxes on their assets and they have billions of dollars in the account and they are showing that they are in debt which is making the country in debt because these are important part of country and most of the industries are run by these people, these people could give tax easily but they claim that they are giving jobs and they deserve relief and they are the reason behind accumulation if tax from poor people but countries will stand when all people will give tax and government will be sincere with the people. The coordination between people and government is important to get rid of debt overload.
Taxes are necessary for any country to work well. There is no way we get roads, hospitals, security, or even fair courts without people paying in. I agree, in theory, taxes should be for everyone, and everyone should get something back. That is the dream
But, like you said, the problem is the system is rarely fair. It is not just in one country. Almost everywhere, the richest find ways to avoid taxes. They have teams of lawyers, complicated companies, offshore accounts. Meanwhile, regular people cannot do this, so they pay what is asked, and even more, just to survive
I see the same thing: Big companies say they "create jobs", so they need lower taxes. But this is just an excuse. Jobs matter, but so does everyone paying their part. If only workers pay, and the richest do not, the country cannot be strong for long. The gap just gets wider
What makes it harder is, people lose trust in the system. “Why should I pay if the big guys do not?”, they asked. And when government is not sincere by wasting money or making shady deals, trust goes down even more. It turns into a cycle: more tax dodging, more debt, more frustration
real change has to come from both sides. People need to see where their money goes, and governments need to close loopholes and treat all citizens fairly, rich or poor. If we ever get that, maybe people will actually feel good about paying taxes