taxation

greetings to the PH community I hope you are well and in good health, remember that health is the basis of almost everything in life and even the pandemic represents a danger to us all, I was a while without writing as I suffered from a writer's block that prevented me from finding topics to develop but thanks to read other articles I found a topic with which I felt comfortable to write, I hope you like it and can leave a comment.

One of the things that governments all over the world take care of is that citizens pay their taxes on time in order to finance the state, in theory states collect from their citizens an amount of money that they consider fair according to the citizen's income, in developed countries these taxes are invested in the development of their societies and for this they pay the institutions that regulate the life of the citizen such as the police, health centres and many others.

The problem comes for developing countries where taxes seem to be destined to maintain the lifestyles of politicians who come to power with nothing and in a few years enjoy luxurious lives, in my country Venezuela this reality is quite marked as many of the politicians of the state and also of its opposition come to public office and in a matter of months their life changes without doubt that something is happening with our taxes.

On the other hand, if you are an entrepreneur, the state seems to punish you with an astronomical amount of taxes and a lot of bureaucracy that just makes the process a bureaucratic hell for people who want to have a registered company.

the reason for mentioning all this is that some countries that don't want to recognise coins as money want to tax the earnings of coins, this from my point of view is crazy to want citizens who earned their coins outside the country to pay a tax on an asset that you don't consider money.

Just imagine if you live in a country like Venezuela, Nigeria or India where the state is quite controlling and due to their economic policies you are forced to work remotely to earn in a more stable currency, that money which is generally coins was generated outside the country, now the state which has no control over what you earn tells you that you must declare how much in coins they have and you must also pay taxes for having something that they do not recognise as money.

This is where a local market for products and services that accept coins becomes necessary, so that people who generate their earnings in coins are not forced to change their assets into local currency, people could keep their earnings out of the sight of the state that only wants to tax them to maintain the lifestyle of their politicians.

In conclusion, it is my opinion that taxes should be invested in making society a more pleasant place for its citizens to live like developed countries do, if the state cannot guarantee investment in society then it should not tax its citizens.

created by: @trabajosdelsiglo