Next scheduled rescrape ... never
Version 1
Last scraped
Scraped on 29/07/2025, 19:41:42 UTC
I wonder if we are all trapped in the same game. We want more help from our governments, but we do not want to pay higher taxes. We want good schools, healthcare, safe streets, but also lower bills. I am just as guilty. I like cheap services and extra support too. Who doesn't?
But after reading more about the global economy as a new hobby of mine, I see a problem. The richest countries are spending and borrowing like never before, even when things are calm. For example, countries like the US, UK, Japan, they all owe more than their entire yearly income (Japan owes double!). But nobody seems to care much. We keep getting tax breaks, handouts, help from the government. Governments keep borrowing money to make us happy. It feels good, but deep down, I know it is not free. And interest payments alone are as big as military budgets
Half of all this debt comes due soon, in just a few years. If interest rates go up more, there is no easy way out. The system works only if people trust it. If that trust breaks (through a political fight or money crisis, ANYTHING) everything can change overnight
People just want more services, but not higher taxes or less help. Politicians promise both, and then just borrow more. In my own life, I benefit from this too: cheaper healthcare, more support, but I know someone will pay for this later. Maybe our children
Is it fair to leave this bill to our kids, just so we can have comfort now? I do not have a perfect answer
Wonderful visualization from visualcapitalist
Half of all this debt comes due soon, in just a few years. If interest rates go up more, there is no easy way out. The system works only if people trust it. If that trust breaks (through a political fight or money crisis, ANYTHING) everything can change overnight
People just want more services, but not higher taxes or less help. Politicians promise both, and then just borrow more. In my own life, I benefit from this too: cheaper healthcare, more support, but I know someone will pay for this later. Maybe our children
Wonderful visualization from visualcapitalist
I don't know which country you belong to, so I'm not going to generalised, because I don't know what the citizens of other government have experience with their government, neither do I know or understand their political system. Is like you are experiencing good governance in your country that's why you are speaking in favour of the government.
But as for my country is a different case. I just can't said that the taxes we paid is too low, because no matter how little it is, in a country where there is more than billions of people living in, I strongly believe that the taxes we pay will be able to bring changes to the country, and also contribute to the growth and development of the country. What I find very difficult to understand is that, the citizens pay their taxes and the country is not improving, every government that comes into power will borrow a huge amount of money and still there is no any improvement. The country has a huge debt on it shoulder. We don't know the fate of the country, and we don't know what the future may bring, but we always hope for the best.
Original archived Re: The “Want Everything, Pay Nothing” Problem
Scraped on 29/07/2025, 19:37:06 UTC
I wonder if we are all trapped in the same game. We want more help from our governments, but we do not want to pay higher taxes. We want good schools, healthcare, safe streets, but also lower bills. I am just as guilty. I like cheap services and extra support too. Who doesn't?
But after reading more about the global economy as a new hobby of mine, I see a problem. The richest countries are spending and borrowing like never before, even when things are calm. For example, countries like the US, UK, Japan, they all owe more than their entire yearly income (Japan owes double!). But nobody seems to care much. We keep getting tax breaks, handouts, help from the government. Governments keep borrowing money to make us happy. It feels good, but deep down, I know it is not free. And interest payments alone are as big as military budgets
Half of all this debt comes due soon, in just a few years. If interest rates go up more, there is no easy way out. The system works only if people trust it. If that trust breaks (through a political fight or money crisis, ANYTHING) everything can change overnight
People just want more services, but not higher taxes or less help. Politicians promise both, and then just borrow more. In my own life, I benefit from this too: cheaper healthcare, more support, but I know someone will pay for this later. Maybe our children
Is it fair to leave this bill to our kids, just so we can have comfort now? I do not have a perfect answer
Wonderful visualization from visualcapitalist
But after reading more about the global economy as a new hobby of mine, I see a problem. The richest countries are spending and borrowing like never before, even when things are calm. For example, countries like the US, UK, Japan, they all owe more than their entire yearly income (Japan owes double!). But nobody seems to care much. We keep getting tax breaks, handouts, help from the government. Governments keep borrowing money to make us happy. It feels good, but deep down, I know it is not free. And interest payments alone are as big as military budgets
Half of all this debt comes due soon, in just a few years. If interest rates go up more, there is no easy way out. The system works only if people trust it. If that trust breaks (through a political fight or money crisis, ANYTHING) everything can change overnight
People just want more services, but not higher taxes or less help. Politicians promise both, and then just borrow more. In my own life, I benefit from this too: cheaper healthcare, more support, but I know someone will pay for this later. Maybe our children
Is it fair to leave this bill to our kids, just so we can have comfort now? I do not have a perfect answer
Wonderful visualization from visualcapitalist
I don't know which country you belong to, so I'm not going to generalised, because I don't know what the citizens of other government have experience with their government, neither do I know or understand their political system. Is like you are experiencing good governance in your country that's why you are speaking in favour of the government.
But as for my country is a different case. I just can't said that the taxes we paid is too low, because no matter how little it is, in a country where there is more than billions of people living in, I strongly believe that the taxes we pay will be able to bring changes to the country, and also contribute to the growth and development of the country. What I find very difficult to understand is that, the citizens pay their taxes and the country is not improving, every government that comes into power will borrow a huge amount of money and still there is no any improvement. The country has a huge debt on it shoulder. We don't know the fate of the country, and we don't know what the future may bring, but we always hope for the best.