₦airaland Forum

Faiththatworks:
I always wonder why people believe protests and riot will change the economic fortunes of a country.
There's this economic lie that always precedes any riot or protest, it's the issue of reducing the cost of Governance.
President Ruto sacked all his entire cabinet,reduced the salary of his staff,but that didn't increase the revenue of Kenya.
Africa must accept it's a resource rich continent but cash poor continent.
The earlier we discard the narrative that we are a cash rich continent,and focus on how to make our resources work for us,the faster we will move out of poverty on the continent.
Our young people in Africa should stop all this economic protest but start focusing on how to industrialize Africa,we need a collaboration between countries in Africa to turn out fortunes.
Alh Dangote has shown the way by building the biggest Refinery in Africa,I hope other wealthy Africans will take a cue from him and focus on industrializing the continent,enough of these protest that will end up producing no results.
God bless Nigeria
God bless Africa

Throwback:
How much do the roads all over the country generate for the government?

Yet they are still built with money because the transportation of commuters and goods is a necessity of itself.

oneMalik:
NO nation in the world can prosper without Tax .... all those protesters are just wasting their life and time .

Govt needs money .

Throwback:
It cannot be escaped.

Protest or no protest, government must always raise funds to run the country.

I will only advise every government to focus on more taxing for the fat cats who cannot even stage a protest in the midst of the luxury they already enjoy. But not too much taxation that prevents their creation of jobs for the ever angry mob.

To run campaign as a populist supported by the youth, is not the same reality with taking hard decisions as a leader for the greater good.

CodeTemplar:
if tolled roads can generate plus no stupid loan was usd to fund them. That's different from using loan to build a dormant rail line to Katsona then taxing dead people and renewed hope survivors to repay the capital loan. It is wrong.

InifinteXR:
That's literally not true (a quick google search would tell you that there are at least 14 countries that doesn't collect income tax from citizens and immigrants alike)
Any country rich in natural resources shouldn't need a significant amount of tax from people if the resources are well managed, Also more tax means less purchasing power for the people irrespective of whatever infrastructure the tax is used to procure.

chudez0147:

Throwback:
Transportation is a factor of commerce, and commerce will continue to grow economies.

Throwback:
It cannot be escaped.

Protest or no protest, government must always raise funds to run the country.

I will only advise every government to focus on more taxing for the fat cats who cannot even stage a protest in the midst of the luxury they already enjoy. But not too much taxation that prevents their creation of jobs for the ever angry mob.

To run campaign as a populist supported by the youth, is not the same reality with taking hard decisions as a leader for the greater good.

Faiththatworks:
I always wonder why people believe protests and riot will change the economic fortunes of a country.
There's this economic lie that always precedes any riot or protest, it's the issue of reducing the cost of Governance.
President Ruto sacked all his entire cabinet,reduced the salary of his staff,but that didn't increase the revenue of Kenya.
Africa must accept it's a resource rich continent but cash poor continent.
The earlier we discard the narrative that we are a cash rich continent,and focus on how to make our resources work for us,the faster we will move out of poverty on the continent.
Our young people in Africa should stop all this economic protest but start focusing on how to industrialize Africa,we need a collaboration between countries in Africa to turn out fortunes.
Alh Dangote has shown the way by building the biggest Refinery in Africa,I hope other wealthy Africans will take a cue from him and focus on industrializing the continent,enough of these protest that will end up producing no results.
God bless Nigeria
God bless Africa

Throwback:
It cannot be escaped.

Protest or no protest, government must always raise funds to run the country.

I will only advise every government to focus on more taxing for the fat cats who cannot even stage a protest in the midst of the luxury they already enjoy. But not too much taxation that prevents their creation of jobs for the ever angry mob.

To run campaign as a populist supported by the youth, is not the same reality with taking hard decisions as a leader for the greater good.

post=131496332:
Some of the proposed taxes had included increasing levies on essentials such as bread and diapers.

America thrive on Taxes, that is why it is the best country in the world....

Article 1 of the United States Constitution grants the U.S. government the power to establish and collect taxes.
Article 1 : for emphasis sake!

A U.S. resident's income is generally subject to tax in the same manner as a U.S. citizen.
If you are a U.S. resident, you must report all interest, dividends, wages, or other compensation for services, income from rental property or royalties, and other types of income on your U.S. tax return.
You must report these amounts whether they are earned within or outside the United States.

Make we carry una reach there......
(ka gbeyin debe).....

U.S. residents are generally taxed in the same way as U.S. citizens.
This means that their worldwide income is subject to U.S. tax and must be reported on their U.S. tax return.
Income of residents is subject to the graduated tax rates that apply to U.S. citizens

If you want to know how paying taxes later come to help their citizens,
here we go....

Taxes also fund programs and services that benefit only certain citizens, such as health, welfare, and social services; job training; schools; and parks.
Article 1 of the United States Constitution grants the U.S. government the power to establish and collect taxes.

How much does USA tax its citizens?
Here we go again...

The federal income tax rates remain unchanged for the 2024 tax year at 10%, 12%, 22%, 24%, 32%, 35% and 37%.

Where do US taxes go?

The majority of this revenue is used to pay for government activities (employee salaries, infrastructure maintenance), as well as to pay for goods and services provided to United States citizens and businesses.
In FY 2023, the federal government spent $6.13 trillion.


We will summarize it all in our below post....

oneMalik:
NO nation in the world can prosper without Tax .... all those protesters are just wasting their life and time .

Govt needs money .

Hemanwel:
If we want an end to hunger and hardship in Nigeria, the solution is Peter Obi! He represents the hope of the common man. I believe he will not disappoint! If after 4 years the status quo remains, he will be booted out! Vote Peter Obi come 2027!

Ikaeniyan0:
So far he carry the people of Kenya along and listen to the people like Tinubu, he will be fine

idanone:
God will help Kenya and the kenyans.... To me his like this kenyans leaders are still much better than Nigeria leaders. Tax is very important as well as accountability is also essential to any growth of the nation.

Throwback:
It cannot be escaped.

Protest or no protest, government must always raise funds to run the country.

I will only advise every government to focus on more taxing for the fat cats who cannot even stage a protest in the midst of the luxury they already enjoy. But not too much taxation that prevents their creation of jobs for the ever angry mob.

To run campaign as a populist supported by the youth, is not the same reality with taking hard decisions as a leader for the greater good.

post=131496332:
Some of the proposed taxes had included increasing levies on essentials such as bread and diapers.

America thrive on Taxes, that is why it is the best country in the world....

Article 1 of the United States Constitution grants the U.S. government the power to establish and collect taxes.
Article 1 : for emphasis sake!

A U.S. resident's income is generally subject to tax in the same manner as a U.S. citizen.
If you are a U.S. resident, you must report all interest, dividends, wages, or other compensation for services, income from rental property or royalties, and other types of income on your U.S. tax return.
You must report these amounts whether they are earned within or outside the United States.

Make we carry una reach there......
(ka gbeyin debe).....

U.S. residents are generally taxed in the same way as U.S. citizens.
This means that their worldwide income is subject to U.S. tax and must be reported on their U.S. tax return.
Income of residents is subject to the graduated tax rates that apply to U.S. citizens

If you want to know how paying taxes later come to help their citizens,
here we go....

Taxes also fund programs and services that benefit only certain citizens, such as health, welfare, and social services; job training; schools; and parks.
Article 1 of the United States Constitution grants the U.S. government the power to establish and collect taxes.

How much does USA tax its citizens?
Here we go again...

The federal income tax rates remain unchanged for the 2024 tax year at 10%, 12%, 22%, 24%, 32%, 35% and 37%.

Where do US taxes go?

The majority of this revenue is used to pay for government activities (employee salaries, infrastructure maintenance), as well as to pay for goods and services provided to United States citizens and businesses.
In FY 2023, the federal government spent $6.13 trillion.


We will summarize it all in our below post....

oneMalik:
NO nation in the world can prosper without Tax .... all those protesters are just wasting their life and time .

Govt needs money .

Throwback:
It cannot be escaped.

Protest or no protest, government must always raise funds to run the country.

I will only advise every government to focus on more taxing for the fat cats who cannot even stage a protest in the midst of the luxury they already enjoy. But not too much taxation that prevents their creation of jobs for the ever angry mob.

To run campaign as a populist supported by the youth, is not the same reality with taking hard decisions as a leader for the greater good.

Ikaeniyan0:
So far he carry the people of Kenya along and listen to the people "like Tinubu", he will be fine

seguntijan:
Fellow Nigerians, let us take a look at Kenya.

William Ruto was elected in 2022. Decided to raise taxes to reduce the deficit and have access to loans. The citizens protested, destroyed and looted the country.

The president cowered, did their bidding , drop the new taxes and reduced the size of his cabinet.

But did that change anything ?. NOPE.

Kenya will be forced to borrow at an expensive rate , will sink further in debt and progress will be slow.

Meanwhile , the protesters continues to threaten the president everyday about another round of protest. They have fully weaponized protest, become a bone in the neck of Ruto and a distraction for his administration

What did Ruto gain by cowering to the protesters?. What did Kenyans gain ?

Safe to say the wheels of progressed is grinding to a halt in Kenya.

Now compare the contrast to President Tinubu who within a year got an improved credit rating for Nigeria from three rating agencies, got our foreign reserves up after paying a backlog of $5 billion within 4 month, paid external debt of $3.5 billion, paid domestic debt of N7.4 trillion amongst other local debt, got our stock market performing the best in Africa, got our Revenue from N 3trillions ( H1 2023) to over 9 trillion ( H1 2024) , oil and gas production up, security and fight against terrorism improved, funding to health and education improved and reform underway, social safety net reform, student loan, minimum wage, credit facility, youth investment funds, to mention a few.

But you want the same man to go the William Ruto way ?.

You clearly don’t want the best for the country nor wish the country well!!!

Throwback:
To run campaign as a populist supported by the youth, is not the same reality with taking hard decisions as a leader for the greater good.