In the US people are heavily taxed there @nainaztengra because even when they trade cryptos they are also taxed. Tax is good if it is not grafted by corrupt government officials and workers. But if a country have maybe natural resource like oil at least it will soften the blow from corruption.
Have a good day.
Yes, true and majorly if you see all countries have good amount of natural resources, and a lot can be leveraged from that. In U.S. after retirement a person gets good benefits from the government and does not really have to bother about the old age, but in India that's not the case. You work and pay them all the time while you are earning, after retirement you have no benefits of whatsoever and additionally you have to pay tax on any life saving income you get. Such is the state and it is a sad one