Thread by @asadowaisi

THREAD: In an economic crisis with mass unemployment, who should get relief from burdensome taxes & service fees? Should it be big business or YOU? Who’s more in need of “relief”: industrialists or working people?

Why’s @nsitharaman in such a giving mood?
m.economictimes.com/news/economy/p…

The cost of this magnanimity is ₹ 1.5 lakh crore. Instead of going to the public’s purse, it’ll line the pockets of big businesses

GST collections fell by another 1.5 lakh crore. Where is @nsitharaman going to find 3 lakh crore of revenue to fund essential public work?

The government had already foregone ₹ 1. 08 lakh crore in revenue, so why increase it even further? Why is there no “stimulus package” for working families, including reduction in tax rates?

Corporations get loans written off & their tax liability is slashed.

Debt-ridden farmers & unemployed young men with education loans are asked to fend for themselves

Rob the poor, reward the rich

You raided the RBI’s coffers because it was short on revenue, but cannot show the same determination in increasing corporate tax revenue.

Username: stimulus package
Password: enrich only big businesses