Most businessmen often manipulate profits to escape large amounts of income taxes. This is a huge crime since they are getting away without paying the amount they are supposed to pay. The final reason is how taxation benefits the society as a whole. Even though most people find it difficult to pay their taxes it should be paid. When people pay taxes as they fell
Until one day, I asked my mother “Do you think you can buy anything with money?” she replied back in a peaceful voice “No son, money can let you experience luxury but you can’t buy trust nor buy a pure friendship.” In that moment, those powerful words shattered the mirror wall of confusion. I realized how I was tainted by a pathetic mind. Many people, because of their desires to have more money will do anything, they will acquire what they really want even to go to every expedient. Money can be acquired in many ways. Most people will work or creating a business to accumulate and increase the amount of money they have.
It is ridiculous that athletes make millions of dollars a year, and yet demand more. The entertainment that these athletes provide is only entertainment; it is not necessary to the function of society. These athletes are getting paid ridiculous amounts of money to play a game that they love. They shouldn’t have to be paid this much to do something that they grew up doing for free. The minimum
Furthermore I also find it hard to believe the fact that a lot of the professional athletes complain to the world that they can’t support their families. How is that even possible when everyone else in the world finds a way to make it with just a portion of the money that the athletes make. The athletes just start out greedy and continue to get even greedier. But really they have nothing to get mad about they can buy a house that cost less than 10 million dollars just like anyone else can. Maybe they need a good slap to the face and we should not pay them what they want, so what if they said they won’t play because I guarantee there are people out there that will play for way less money.
When it comes to money there are usually two kinds of people, those that save and spend their money wisely and those that feel like they should spend, spend, and spend every penny they earn. Most of us come across these two groups of people everyday either at the store, just passing by or even in our own families. In today’s society money is on everyone’s minds, what they choose to do with it is another story. Well the familiar words, “I wish I could win the lottery,” or “That’s not in the budget right now.” Money is the number one cause of stress. One can pick out the reckless spenders from the money managers relatively easy in public.
o One dad struggled to save a few dollars. The other simply created investments. SIX LESSONS ABOUT THE RICH Lesson #1 – The Rich Don’t Work for Money Most people have no guts, they give up every time life pushes them. If you’re that kind of person, you’ll live all of your life playing it safe, doing the right things. But the truth is, you let life push you into submission.
Most millionaires live well below their means. That is precisely why they are millionaires. Most people who earn high incomes are not rich, and they fail to accumulate any lasting wealth. They spend their money as fast as they earn it. In order to accumulate wealth, the authors suggest that people need to play “good offense.” You must budget, budget, and budget.
Meaning that the number of people working is undetected. The downside to this is the macro economic policies are likely to be too expansionary and social policy too excessive. The second issue is these underground economy wages are escaping taxation which causes a loss in tax revenue. Lastly it shows that the citizens and the government have an unhealthy relationship. The taxpayers are not happy with the public services from the government and seek help with out having to pay taxes.
Many tend to associate money with power while others may associate it as a cure for their problems. Even though having money has its good side, there are things that having a lot of money can’t provide for you such as happiness and freedom. In the article Buying Happiness: The Depressing Reality of Materialism, Dodson states “the assumption of course is that people who have a high standard of living, with the requisite happy family and abundant material goods, should be happy” . But in reality all the money in the world doesn’t equal up to love, being rich doesn’t teach life skills, and contrary to popular belief money doesn’t alleviate all problems. People know that being very wealthy and having all the amenities of a rich person, such as fancy cars, expensive clothes, and a cottage overseas are all things that may very well attract the opposite sex.