My Thoughts on Growing Inflation Rates
Assalam-O-Alaikum, Everyone |
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edited by canva |
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How are you all? Hope you are well. I am also fine by the grace of allah. First of all, I would like to thank steem for Bloggers for giving us an interesting topic for writing.
Inflation is taxation without legislation.
Milton Friedman
First of all, we have to know what inflation is. Inflation is that day by day, the prices of our daily products that we use in our lives become higher and beyond our reach. Whenever inflation rises, the middle class and the working class are the most affected.
There are many reasons for the rise in inflation in Pakistan. Pakistan is an under-developing country which has not fully stood on its feet yet, perhaps since the first day till today, Pakistan has been burdened with debt. A child who is not even born has a debt on his head in Pakistan which he has to pay in one way or another.
Inflation is not caused by the actions of private citizens, but by the government
AYN RAND
There is no political stability, due to which the political parties that exist today have fights among themselves, one party goes and the other goes. So, by taking loans etc., they have their needs, politicians own expensive cars and the burden of these debts falls on the people, so what the people earn through their hard work is also taken out of their pockets.
Taxes are levied on basic necessities only to meet their needs, which are collected from the poor people, leading to inflation. The main reason is that there is no check and balance, the owners of big industries increase the price at will and nobody asks them.
"The way to crush the bourgeoisie is to grind them between the millstones of taxation and inflation."
Vladimir Lenin
As I already mentioned , inflation doesn't matter to the elite class because they already have so much money, they have certificates that are running, so they are not affected much. It is the middle class and the poor working class who are affected by inflation, even if they have to buy a packet of oil, they have to pay tax on it. That one match box, If it is worth three rupees, then two rupees he has to pay tax, then where will the poor man go?
This inflation is only for the poor class, it does not matter to the rich class because the rich class is receiving money in the form of taxes, it is getting richer from the rich and the poor is getting poorer from the poor. It's happening.
Inflation makes the wealthiest people richer and the masses poorer.
-James Cook
Due to inflation, people are not only killing their children but have also become enemies of their own lives. But those who are in power are sitting so apathetically that they have no sense of anyone, that is, the fear of God has disappeared from their hearts. Just for the sake of money, these people are playing with people's lives.
INFLATION TAKES FROM THE IGNORANT AND GIVES TO THE WELL INFORMED
VENTA VANCARPEL
How can we play our role as citizens? We can join together to protest against things that are expensive so that the poor are not affected. But we do not have enough courage because we have become blind, dumb and deaf.
How far the poor man will protest. Whenever the people have taken to the streets against inflation, the army which the government has kept for its protection, the police which have been kept, they drive the people home by beating them with sticks, so the poor who are in it cry out against inflation.
Can't cry for anyone else. Actually, people have lost honesty, everyone wants to earn money only by legitimate and illegitimate means. Even if the citizens are united, the shopkeepers have colluded, they are all selling at the same price, so there is no question of doing more or less.
Thanks for reading my post.
Now it's a time to invite friends to participate in the contest.
@moyeon
@danish578
♥️♥️ Best Regards ♥️♥️
♥️♥️ @Samina-meenu ♥️♥️
Thanks alot samina-meenu sis i will definitely took part in this contest in coming days inshAllah thanks again. And i also read your post and learned alot about inflation that its means increase of rate of things which we are using in our daily life so know it is very easy for me to explain it in my own words thanks for invitation.
@danish578 (64) brother, first of all Thanks for positive response,and Yes, it's very good topic, you must write. Best of luck.
Yes really I have learnt a lot and today I Insha Allah start writing article on this and your blog will help a lot in this.
@danish578 (64) Thanks brother and best of luck.
Your most welcome
Hey your post on inflation is thought-provoking. You've really highlighted some key issues affecting Pakistan. It's clear that inflation hits the middle and working classes the hardest, and the lack of political stability only adds to the burden. Your insights shed light on the real struggles faced by everyday people. Great job!
@nooruleman (64)Yes of course inflation is increasing and so are our problems. Thank you for reading my post,and valuable comment on my post. Best wishes
Pakistan ka Allah hi hafiz hai
Your post reminds me of a book rich dad poor dad.
Rich people have loopholes to avoid taxes legally or by breaking laws.
It's the poor who pays the price.
I can recall the history of taxes in west. It was imposed on the rich first to help out poor people.
Now you can see in the world who pays the taxes and who gets its benefits.