Today the government has become a giant money-sucking and business-grappling machine that any monies that are earned will be sucked into the government coffer in direct and indirect taxes of one kind or another.
Even as a wage earner he cannot survive and as such cannot spend to sustain the business vibrancy. If he is in business, he is already three-quarter way to failure with very little chance to breakeven nowaday until he is a rare breed of entrepreneurs.
So there is no way our economy is going to grow from here. Government must return all the upfront easy double and triple taxes to let monies flow back to the people so that these monies will wheel the private sector businesses into life and grow the economy again.
We have the lowest taxes among nations of the world. Have you been to western countries? They even have inheritance taxes to screw you and your parents.
What are you talking about?
And it is because of our low taxes that we have thrived.