Iran Economy NewsA Sad Example of Iran Officials’ Pointless Economic Plans

A Sad Example of Iran Officials’ Pointless Economic Plans

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There is no doubt that Iran’s economic system is a disordered and turbulent market without any control or proper supervision. It is controlled mostly by the government’s officials and IRGC commanders and the economic mafia under the control of the regime’s supreme leader Ali Khamenei.

The people do not benefit from the country’s economy at all, mostly they are the main losers and are being looted by the officials.

Now a new scheme by the government in the country’s economy is hurting the lower classes more than ever.

According to its designers in the government, the capital gains tax is a kind of regulatory tax that does not aim to generate revenue for the government but wants to prevent the tendency of people’s capital towards speculative investments.

Government capital income tax planners assume that most people have no incentive to invest in production, so agiotage must be stopped so that people can invest in production.

But the officials’ designers of such a strange plan must answer the question of whether the few who were motivated for production have succeeded in investing or have faced obstacles?

The designers of the Capital Income Tax are all regime officials. They do not have freelance jobs, and this makes them decide not based on knowledge of investing in Iran but based on common misconceptions in public opinion.

For about 15 years, the government has been obliged to write the conditions of the necessary documents for business licenses in a book or a website only. How then can it still be incomplete?

In a country where studying medicine, pharmacy, and nursing is a dream, and a pharmacy license and a power of attorney license take 20 years, and its banks do not give loans or interest above inflation, and turning the desert into factories, warehouses, and houses is prohibited, it is now forbidden to buy houses, property, and buildings to escape the devaluation of assets in the invasive inflation. Unaware that they cannot block the way to gold, currency and cryptocurrencies treasuring, and God’s land has suddenly become smaller than the corruption of Iran’s government’s officials and their lootings.

The regime’s officials’ behaviors with investors have so far drained hundreds of billions of dollars of the country’s capital and handed over to the United States, Europe, the UAE, and Turkey, and continues to do so. Capital gains tax will intensify this trend.

Analysts say those responsible in the government for such plans did not think about the real situation of the people’s economy. People who are even not able to provide their daily food with the “Mongol invasion of inflation.”

According to statistics published by the Statistics Center of Iran in 2020, the purchasing power of employees has decreased by 28 percent. By the end of the year, that figure had risen to about 40 percent. Food prices have also quadrupled, which means rising poverty rates. Add to this the fact that more than one million people have lost their jobs. The point is the truth is more than what the statistics say.

A country that is suffering from huge inflation taxes. The difference between ordinary taxes and inflation taxes is that ordinary taxes are levied on the wealthy and upper income classes, but inflation taxes are levied on the middle and lower classes. The function of this type of tax is elimination of the middle class and the increase of the poor.

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