Why the Wealthy Should Shoulder More of the Tax Burden
image by Steve Buissinne from Pixabay
I've heard people saying riches should pay more taxes instead of milking a common person who's just trying to make a living but he still have to pay the taxes every now and then.
Also the taxes we pay end up funding some war or in leaders pocket or incase like my country it goes to army pocket instead of using that tax money for the development of infrastructure etc.
Draw the Line: Riches need to pay more taxes
Rich do pay taxes but way less than they should give. We have like our army and they do business such as running cement industry and other businesses.
When it comes to pay taxes they go ahead and bring "their company made this losses negative earnings in 2024" so they escape all those taxes easily.
Other than that our tax money goes to fund army budget which is about 70% of total budget goes to army.. rest for civilians.
image by Dimitris Vetsikas from Pixabay
While on the other countries like US their tax money is usually spent on other countries funding war like giving aid to Ukraine etc.
Meanwhile the elites who are 1%... they pay taxes as if they're doing charity or donations and they come clean all the time.
Non filers are in loss big time
There's two kind of people when it comes to taxes: filers and non filers. So, the filers are those who have declared their wealth and income to government and according to their networth or salary they have to pay taxes
image by Mariann Szőke from Pixabay
But there's second type that's non filers who are people with no clear record of wealth declaration, income or salary.
Non filers are actually in loss big time because government have made a big difference between taxes on product purchase/withdrawal from banks and other real time purchases/bills..the non filers get more taxed than the filers.
So when you're withdrawing 50,000 as a non filer you'll have to pay like 7% tax but as a filer it'll be 3-4%.
Common people who do 9 to 5 everyday are one who's non filer and they usually end up paying more taxes than the riches.
Taxes are more like stealing money
Yeah they say economy will collapse if we don't pay taxes because our economy is built or run due to responsible citizen paying taxes. Is it even true?
image by bgs_digital_creator from Pixabay
Economy is already miserable when people are paying taxes. They're still printing and making sure people pay tax so at the end of the month they don't have enough savings to make end meets.
The thing is they want to control people through taxes like paycheck to paycheck living after getting done with taxes.
But for the rich ones it's not even a big deal, they don't run out of money but ends up making more money.
Nothing is fair at all in current system so it'd be better if rich ones have to deal with more taxes than the common man.
Wrapping Up...
In the end anyone can escape taxes except the one poor or common person trying to make a fair living in this tough world.
So as long as people are chill and sleeping on it.. we'll have to keep paying those taxes no matter how much we hate it.
But who knows at some point riches pay more taxes than average person and makes it easy for average person. Feel free to share what's your thoughts on this in the comments.
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