Hello,
My name is Taylor. I love writing articles about anything from the environment to finance to artists. I can write up to 5 articles a day at about $2-$4 an article, depending on length. I will enclose an article I have previously written about debt below. Thank You :)
WORLDLY DEBT: IS THE WORLD GETTING INTO EVEN MORE DEBT???
MANY COUNTRIES AROUND THE WORLD ARE IN DEEP DEBT AND SOME OF THEM DON’T EVEN REALIZE IT. SOME COUNTRIES KNOW THAT THEY ARE IN BAD DEBT, BUT WONT DO ANYTHING ABOUT IT. SOME WONT EVEN GET IN DEBT AT ALL BECAUSE THEY KNOW HOW TO MANAGE THEIR MONEY, WHILE A LOT MORE KNOW HOW TO BUT THEY WON’T TAKE THE RESPONSIBILITY TO ACTUALLY WORK ON THAT DEBT AND TO LOWER THE RATES.
THE MORE THAT COUNTRIES TRADE WITH EACH OTHER OR BUY ITEMS SUCH AS MILITARY ITEMS OR FOOD ITEMS THEY GET IN EVEN MORE DEBT WITHOUT REALIZING IT. IN EVERY DEBT THAT A PERSON OR A GROUP OF PEOPLE HAVE THERE IS ALWAYS INTEREST. INTEREST IS A PERCENTAGE OF EXTRA MONEY YOU HAVE TO PAY. THERE WILL ALWAYS BE INTEREST ADDED ONTO THE WORLDLY DEBT.
SOME COUNTRIES THINK THAT THEY CAN STOP THE DEBT BY MAKING THE PEOPLE OF DIFFERENT COUNTRIES PAY EVEN BIGGER TAXES, BUT WHAT HAPPENS WHEN THE PEOPLE GET OUTRAGED ON ALL THE TAXES THAT THEY HAVE TO PAY?
IN SOME COUNTRIES IT HAS GOTTEN TO THE POINT THAT THE MORE OF A YEARLY INCOME YOU HAVE THEN THE LESS YOU HAVE TO PAY IN TAXES, BUT THE LESS INCOME YOU HAVE THE MORE TAXES YOU HAVE TO PAY. WHAT IS THAT DOING? WE’RE MAKING PEOPLE WHO DON’T HAVE MONEY PAY FOR EVERY ONE TO GET OUT OF THEIR DEBT, WHICH MEANS THEY ARE PAYING MONEY THEY DON’T HAVE WHICH MEANS THEY WILL START TO GET INTO DEBT.
SOME LARGE COUNTRIES KNOW HOW TO WATCH WHAT THEY SPEND AND TRADE WITH OTHERS. SOME HAVE EVEN GOTTEN TO THE POINT WHERE THEY GROW AND BUILD THEIR OWN SUPPLIES THAT THEY NEED SO THEY DON’T HAVE TO GO TO OTHER COUNTRIES. WHY DOESN’T ALL COUNTRIES DO THAT SO THEY WILL START TO GET OUT OF DEBT ALSO. IF MORE AND MORE COUNTRIES BEGIN TO GROW THEIR OWN FOOD AND BUILD FACTORIES TO BUILD THEIR OWN PRODUCTS INSTEAD OF HAVING TO GO ELSE WHERE THEN IN A MATTER OF YEARS THE WORLD DEBT OF $38,656,220,884,450 COULD BE CUT BY A GOOD PERCENTAGE. BUT INSTEAD OF DOING SOMETHING ABOUT IT AND MAKING IT DROP, WE ARE JUST MAKING IT WORSE AND INSTEAD OF DROPPING, THE DEBT IS INCREASING BY ALMOST 10%.