SARS continued threats of going after taxpayers is starting to pay ever greater ''dividends''.
Great job socialists!
You're running out of other people's month fast.
The minister of Finance claiming the government can never run out of money because it can just tax more is coming back to bite them.
Unfortunately, this will lead to ever higher rates of government bonds being issued to cover the shortfall in taxes. Thus increasing the inflation rate even more.
Obviously, this will lead to the Reserve Bank increasing interest rates even more to counter the runaway borrowing from the State.
https://dailyinvestor.com/south-africa/73109/millionaires-dumping-south-africa-2/
Great job socialists!
You're running out of other people's month fast.
The minister of Finance claiming the government can never run out of money because it can just tax more is coming back to bite them.
Unfortunately, this will lead to ever higher rates of government bonds being issued to cover the shortfall in taxes. Thus increasing the inflation rate even more.
Obviously, this will lead to the Reserve Bank increasing interest rates even more to counter the runaway borrowing from the State.
https://dailyinvestor.com/south-africa/73109/millionaires-dumping-south-africa-2/