Quote from: bhadz on Today at 04:22:00 PM

Quote from: SATWAT on Today at 02:40:20 AM

Quote from: bhadz on August 30, 2025, 11:56:56 PM

In the Philippines, you get a land title in your name after you purchase and pay it in full. But, there's still a yearly tax that we have to pay, which is called "amilyar" or real property tax. And you're right that we don't truly own it because it seems that we're still renting from the government and have an obligation to pay it yearly. Also, once you sold the property, we're also obliged to pay a lot of fees, capital gains tax, doc stamp taxes, etc. Too many processes and that's why I have come to that idea that if I'm going to invest, much better if I go with Bitcoin and other digital assets that won't obliged me to pay a lot of fees, and taxes after taxes.

Taxes exist in many countries in different forms in our country many taxes even we are buying home or having other things always paying taxes few are yearly it's not problem because countries are running through these taxes here main talk is communism.
I have no enough facts about this but as things are going into China which is also called once communist country, but now they are changing things through deep roots its surely giving positive view while in Russia things have never been like this here geopolitics also have important role.

AFAIK, there's no property tax in China. Once you buy your property, it's all yours or you'll only have to pay a one-time fee, I don't know. That's what I've read from short comments in social media but I haven't asked that question from a mainlander.

Quote from: SATWAT on Today at 02:40:20 AM

Few things still need to understand no system is complete because pos and cons are in all with few are taking good limelight due to control on media and few things have never been opened up due to restrictions.

You're right, and it also means that there is no system that's perfect. Even the richest ones have some flaws but if it's working well for their citizens, that's the kind of political that gives them peace of mind. Although as the government becomes better, people's satisfaction is never ending and we'll always find a better one and the worse out of it.

Just because of this I already mentioned in many countries not in all countries because few countries always think about their citizens, and they bring policies which always helps them for having peace in mind and live good life.
Most of the developing countries are facing corruption just because of these peoples suffer unexpected and unusual taxes and other problems, but sadly they are having no enough sources to handle these corrupt peoples because they use power and all things for pressing them and keeping them silent.

Rule of law and good education is always brought good changes but its always works in books and theories never works in practical which is dilemma for many countries and societies.