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Economics 101

Day 1,186, 15:26 • Published in United Arab Emirates USA

• by Commius

For some reason the current government believes that the rules of economics do not apply to the UAE. For some reason they thought increasing taxes would some how benefit the nation or at least their own pockets.

Tax increases should only be implemented when there is an increase in wages. But, after a week of tax increases there has been almost no increase in starting wages. So, what happens is the price of food and weapons increases because of taxes yet the wages that are used to buy those goods are at a standstill.

This is no way to run a country. If the current government wants anything close to legitimacy they need to decrease the current tax rate across the board. 25% is way too high it should be closer to 1%.

Comments

Sean Bateman Day 1,186, 16:09

Taxes are just one problem, another is freakin floating exchange ratio 🙂 Or maybe their government budget - they are paying 400g per month on army - but once Treasury runs out of money, they will be out of game, raiding another new country.

But I don't mind, I live peacefully with 2 grain companies and 1 food company, just as a manager I am able to supply myself with everything I need for free. I do not pay VAT since I always sell myself food for 0.01. I do not need AED at all, I do not need to be employed actually.

Since they have failed in big style, I had to run backup plan 😉
Not giving a f-word is awesome!

Commius Day 1,186, 16:52

I know we are facing hyper inflation as well. The government needs to stop issuing currency. They failed big time.

Luckily Sean will be fine...but I need a food company lol...might invest in one.

abdullah australi Day 1,186, 17:22

you can work for mine if you want, i will donate your wage value (above the minimum wage)in food.

or i encourage you to join the UAE Strike Force (#uaesf on rizon)

PIER5362 Day 1,186, 21:01

Is approved

PIER5362 Day 1,186, 21:02

Is approved

Commius Day 1,186, 22:32

Actually I just bought a food company after I made that comment lol. I have my own economy now. The Republic of Commius.

voice Day 1,187, 03:23

there is always the probability that they do it on intention

Sean Bateman Day 1,187, 04:24

I already work for UAESF grain 😉 I am good soldier, I dont need anything else than minimal salary - no food, no donations. I support UAESF this way 🙂

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