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<blockquote data-quote="handley" data-source="post: 30569936" data-attributes="member: 567805"><p> <ol> <li data-xf-list-type="ol"><strong>Government Employee Paying Taxes</strong><ul> <li data-xf-list-type="ul">Their salary comes from tax revenue, meaning they are indirectly funded by the taxpayers.</li> <li data-xf-list-type="ul">They contribute to the economy through their taxes and spending.</li> <li data-xf-list-type="ul">However, they do not generate new money into the economy; they circulate existing money.</li> </ul></li> <li data-xf-list-type="ol"><strong>Foreign Income Earner (Tax-Free) Spending Locally</strong><ul> <li data-xf-list-type="ul">This person brings <strong>new foreign currency</strong> into the country.</li> <li data-xf-list-type="ul">Even if they don’t pay income tax, they contribute through <strong>indirect taxes</strong> (VAT, sales tax, etc.) when spending on goods and services.</li> <li data-xf-list-type="ul">Their spending increases demand, supports businesses, and creates jobs.</li> </ul></li> </ol><h3>Who Helps the Economy More?</h3> <ul> <li data-xf-list-type="ul">The <strong>foreign income earner</strong> helps more because they <strong>bring new money into the system</strong> rather than just redistributing tax revenue.</li> <li data-xf-list-type="ul">Their spending boosts local businesses, increases employment, and contributes to economic growth.</li> <li data-xf-list-type="ul">Even though they don’t pay income tax, the government benefits from the <strong>multiplier effect</strong> of their spending.</li> </ul><p><strong>Conclusion:</strong> If the goal is to grow the economy, attracting more foreign currency earners (like freelancers, remote workers, and exporters) is more beneficial than relying solely on government employees.</p></blockquote><p></p>
[QUOTE="handley, post: 30569936, member: 567805"] [LIST=1] [*][B]Government Employee Paying Taxes[/B] [LIST] [*]Their salary comes from tax revenue, meaning they are indirectly funded by the taxpayers. [*]They contribute to the economy through their taxes and spending. [*]However, they do not generate new money into the economy; they circulate existing money. [/LIST] [*][B]Foreign Income Earner (Tax-Free) Spending Locally[/B] [LIST] [*]This person brings [B]new foreign currency[/B] into the country. [*]Even if they don’t pay income tax, they contribute through [B]indirect taxes[/B] (VAT, sales tax, etc.) when spending on goods and services. [*]Their spending increases demand, supports businesses, and creates jobs. [/LIST] [/LIST] [HEADING=2]Who Helps the Economy More?[/HEADING] [LIST] [*]The [B]foreign income earner[/B] helps more because they [B]bring new money into the system[/B] rather than just redistributing tax revenue. [*]Their spending boosts local businesses, increases employment, and contributes to economic growth. [*]Even though they don’t pay income tax, the government benefits from the [B]multiplier effect[/B] of their spending. [/LIST] [B]Conclusion:[/B] If the goal is to grow the economy, attracting more foreign currency earners (like freelancers, remote workers, and exporters) is more beneficial than relying solely on government employees. [/QUOTE]
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