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When The Economy Is Shrinking And Jobs Are Lost, You Don't Tax More - Manasseh Awuni

When the economy is shrinking and jobs are lost, you don't tax more to "help the economy recover." This is according to popular journalist Manasseh Awuni.

He is of the view that Governments spend or give incentives for people and institutions to spend so that the economy will recover. A typical example is Biden's 1.9 Trillion dollar package is meant to boost spending. Introducing more taxes will discourage spending.

And this can shrink the economy further. And why do we need sanitation tax at this difficult moment when we have not addressed the massive fraud in the sanitation sector? They should cut the wasteful expenditure.

The government introduced some new levies that got Ghanaians reacting in different ways. Some think its unnecessary at this time while others say it will help government generate revenue.

Do you agree with him? Do you think the taxes will heap more misery on Ghanaians? Follow me for more exciting updates and attractive stories.

Content created and supplied by: Ibrahim2000 (via Opera News )

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