The ultimate goal of modern governments is to ensure the rapid progress and safety of their nations. Presently, some people reckon that paying higher taxes is salient to strengthen the financial budget of government so that it can cater all the basic needs of masses. By contrast, others cite that administration should look for other ways to accumulate funds. Here, i would like to account for both sides with my own perception.
There are manifold points to shore up the former view. First and foremost, heavy levy received from public can contribute remarkably to maximize the financial budget of a nation for its betterment. Government of a nation can easily manage the astronomical outlays of transportation, education, health and other sectors. Taking a real life example into consideration, recently, Indian governments has passed out the act of goods service tax known as (GST) in order to boost the financial budget. Funds collected from (GST) and income taxes are supposed to be utilized for the welfare of common people in terms of accommodation, transport, education and medical amenities. Needless to say, the role of surplus taxes to accelerate the rate of development is terrific. On the contrary, others have conflicting views.
They think that inflation has already got on nerves of people in this modern context especially in thriving nations. Therefore, imposition of heavy tax is expected to be backbreaking for common people as they could find it onerous to manage their living expenses. What is more, government of developing nations should invite international companies to set up their branches so that import and export, commercial dealings and employment opportunities could be availed for financial prosperity. It is advisable to make strategies and policies to hike the productivity of workings sectors such as industries, agriculture instead forcing people to pay higher levy.
In my notion, both aspects have their own significance. Undeniable, public funds are a major source of revenue. However, middle and low class people are likely to live miserable lives under this approach and this is highly unjustifiable. Administration needs to promote commercialization, import and export, ways to enhance productivity instead taxing immensely.
To recapitulate, collection of funds is a big deal for governments worldwide. Charging heavy taxes is not the only way to strengthen the budget; governments should explore other alternatives.
The ultimate goal of modern
governments
is to ensure the rapid progress and safety of their
nations
.
Presently
,
some
people
reckon that paying higher
taxes
is salient to strengthen the
financial
budget
of
government
so
that it can cater all the basic needs of masses. By contrast, others cite that administration should look for
other
ways to accumulate funds. Here,
i
would like to account for both sides with my
own
perception.
There are manifold points to shore up the former view.
First
and foremost, heavy levy received from public can contribute
remarkably
to maximize the
financial
budget
of a
nation
for its betterment.
Government
of a
nation
can
easily
manage the astronomical outlays of transportation, education, health and
other
sectors. Taking a real life example into consideration, recently, Indian
governments
has passed out the act of
goods
service
tax
known as (GST) in order to boost the
financial
budget
. Funds collected from (GST) and income
taxes
are supposed
to
be utilized
for the welfare of common
people
in terms of accommodation, transport, education and medical amenities. Needless to say, the role of surplus
taxes
to accelerate the rate of development is terrific.
On the contrary
, others have conflicting views.
They
think
that inflation has already
got
on nerves of
people
in this modern context
especially
in thriving
nations
.
Therefore
, imposition of heavy
tax
is
expected
to be backbreaking for common
people
as they could find it onerous to manage their living expenses.
What is more
,
government
of developing
nations
should invite international
companies
to set up their branches
so
that import and export, commercial dealings and employment opportunities could
be availed
for
financial
prosperity. It is advisable to
make
strategies and policies to hike the productivity of workings sectors such as industries, agriculture
instead
forcing
people
to pay higher levy.
In my notion, both aspects have their
own
significance. Undeniable, public funds are a major source of revenue.
However
, middle and low
class
people
are likely to
live
miserable
lives
under this approach and this is
highly
unjustifiable. Administration needs to promote commercialization, import and export, ways to enhance productivity
instead
taxing
immensely
.
To recapitulate, collection of funds is a
big
deal for
governments
worldwide. Charging heavy
taxes
is not the
only
way to strengthen the
budget
;
governments
should explore
other
alternatives.