Too much taxation is bad for an economy

[chizo89]

Can the Minister of Finance state what monetary policy we are implementing currently?

High marginal tax rates can discourage work, saving, investment, and innovation, while specific tax preferences can affect the allocation of economic resources.

A certain amount of government spending is required in the military, the police, and the court system. A country which does not spend an adequate amount of money in these areas will have a depressed economy. Too much spending in these areas is wasteful.

A country also needs infrastructure to have a high level of economic activity. Much of this infrastructure cannot be adequately provided by the private sector, so governments must spend money in this area to ensure economic growth. However, too much spending or spending on the wrong infrastructure can be wasteful and slow economic growth.

 

[Mzigua90]

More Tax
More Government Expenditure
You feel me????

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[chizo89]

But expenditures not within the country

 

[Kamundu]

Serikali ikikuza uchumi watu watakuwa na pesa na kila kitu kina kodi. Sasa badala ya kukuza uchumi ukienda kutafuta wafanyabiashara ambao wanafanya biashara kihalali na kuongeza kodi ni kujila mwenyewe

 

[BAK]

....but consumers with less money to spend in order to strengthen the economy, au?

Less disposable income is not good for economy.

More Tax
More Government Expenditure
You feel me????

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[FaizaFoxy]

 

[chizo89]

The government is spending too much on outside markets and taxing too much inside? How will that work for our economy

 

[chizo89]

Tukiambiwa ukweli tunaanza wanashirikiana na mabepari

 

[bababikko]

Tukiambiwa ukweli tunaanza wanashirikiana na mabepari

Magufuli is starting to understand after every step he took went astray

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[Mangi PhD]

If the tax collected from various sources are distributed equally to the social services of the common people, i would support it. But it is for abstract thing then, we can ask ourself for what more tax!!!

 

[chizo89]

As you can the government still has debts on contractors especially those from within but those from ouside are paid and can run their projects effectively example in standard gauge. Now it's time to check on our spending

 

[chizo89]

As you can the government still has debts on contractors especially those from within but those from ouside are paid and can run their projects effectively example in standard gauge. Now it's time to check on our spending