Indian Govt today announced the CHARITY package. This Govt's obsession with EAT and SHIT economic model is the real reason behind the current economic mess
The problem with Eat and Shit economic model - It depletes your resources with no real progress. It's an endless vicious cycle and is done in the garb of morality. After all who can argue against helping the poor without realizing that you are not helping the poor. [Classic Left]
In any crisis, there are two segments of the population who need no help: (1) People at the top; and (2) People at the bottom. People at the top have resources to weather any storm and People at the bottom have nothing to lose. It's people in the middle that needs the help
When any Govt helps people in the middle - it results in
Trickle Up: demand creation for businesses
Trickle-down: more jobs for people at the bottom
A successful economy means the expansion of people in the middle. They are the most loyal patriotic people
Trickle Up: demand creation for businesses
Trickle-down: more jobs for people at the bottom
A successful economy means the expansion of people in the middle. They are the most loyal patriotic people
One of the biggest problems over the last 4 years has been - the middle class is not expanding at an appropriate pace. A country does well - when the middle expands and more people get kicked up towards upper-middle-class and when that happens, society flourishes economically
This segment of the population has been ignored by Modi Govt. They have been asked to do patriotic duty, pay more taxes, say Modi Modi and they have been badly treated by the ruling zamindari class.
Power and Morality crushes people
Power and Morality crushes people
