Tuesday, January 17, 2017

Money talk

What is the currency in your country?

The currency in my country is the Macedonian Denar.

What is the exchange rate with the Euro/US dollar?

1 Euro is equal to 1.06 US Dollar.

Whats the rate of income tax and VAT in your country?

The Personal Income Tax Rate in Macedonia stands at 10 percent.Along with the Standard VAT Rate stands at 18 percent.

How would society work without money?

It is no secret that money makes this world go round.That little piece of paper is enough motivation for all us to wake up early in the mornings,work all day and stay all night to think of other ways to make even more money.It is a strange currency to be honest.It is also a big headache.In my personal opinion our lives would be much more different IF our society never knew what money is.For starters we would do the job that we LIKE.Not some difficult job that probably the majority of people dread to get up in the morning and go to.They say if you chose the job you love you'll never work a day in your life.And it's very true.

Do you think poor countries should be required to pay their debts to the rich countries?

It depends mostly on the countries that are involved.If the poor country is poor for reasons that the people in it are lets say lazy and don't really work to pay their debts,then there should be consequences.However if the country is truly poor then other rich countries should tolerate and help other countries as much as they can. 

The world's richest three men have more money between them than the world's poorest sixty countries-should there be a redistribution?How?

Yes of course there should be redistribution by the men themselves.They should choose differently how they spend their wealth and invest more in charities and to these poor countries.


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