1094
Wait, giving a fuckton of money to the people with a fuckton of money didnt work?!?!?!?!?!?
(lemmy.world)
this post was submitted on 03 Aug 2023
1094 points (98.7% liked)
Political Memes
5620 readers
3186 users here now
Welcome to politcal memes!
These are our rules:
Be civil
Jokes are okay, but don’t intentionally harass or disturb any member of our community. Sexism, racism and bigotry are not allowed. Good faith argumentation only. No posts discouraging people to vote or shaming people for voting.
No misinformation
Don’t post any intentional misinformation. When asked by mods, provide sources for any claims you make.
Posts should be memes
Random pictures do not qualify as memes. Relevance to politics is required.
No bots, spam or self-promotion
Follow instance rules, ask for your bot to be allowed on this community.
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
I live in Pakistan and we have been going through a terrible economic turmoil. On top of indirect taxes, the salaries of average people are taxed like crazy. Meanwhile, the businesses refuse to even come under the tax net. While inflation and currency devaluation are going crazy, and the government has been begging IMF for a bailout, government departments did mental gymnastics to provide relaxation to 5,000 out of 10,000 big retailers tax relief with bullsh*t reasons like size of their brick and mortar shops. I'm so sick of all of this. Sorry for the trauma dump. I've been incredibly frustrated.
Karachi still largely relies on paper money rather than cashless transactions (I live in the UK and hardly ever carry cash on me). So it wouldn't surprise me if businesses are underreporting their revenue so they can avoid paying taxes. If a business insists on cash in the UK, there's a good chance they're underreporting their revenue.
This is 100% the case. I also don't like to carry cash but the amount of business, even the ones you'd expect to be well integrated with basic payment technologies, will try their best to discourage electronic payments. It is honestly very disheartening.
You know processing electronic payments cost businesses money? I'd encourage cash too, even with perfect reporting.
First of all, the businesses I'm talking about are already pushing the 2% fee on to the customer if you pay via card. Secondly, they throw tantrums even if you ask them to make a bank transfer instead. It's funny when a small corner store is more willing to accept electronic payments than a multistory electronics market. Lastly, all these tax evading mfers get 0 sympathy from me. For all its faults, the government has launched multiple drives to bring these aholes under tax net by offering them ridiculous incentives yet they refuse to, facing 0 reprecussions, while people like me, the salaried, are getting raw-dogged by everyone.
If a business insists on cash in the US, there's a good chance they're selling drugs on the side.
That's absolutely untrue
Most countries have an army, but Pakistan's army has a country.
-Unknown
Same with Egypt as it happens.
Facts.