Thread by @amitmehra

#Economy: In India, with huge population, most being poor/low income group, high taxes on consumer goods, services, essential items is bad policy. It makes many products/services unviable for a large section of the population, leading to low sales & lower collection of taxes. /1

#Unemployment: High taxes also rob businesses of fair profits. Many work with low profit margins in order to not make pricing (inclusive of taxes) unaffordable. This puts extra stress on quality, R&D, delays growth, restricts market size & impacts jobs creation negatively. /2

#Inequality: High taxes make many products/services out of the reach of the poor/low income group/middle class creating lop sided social/economic growth, increasing social inequality/income disparity, leads to inflation & bad for internal security, happiness index as well./3

#Policies Lower taxes would increase market penetration & size, higher sales, increase in tax revenue due to economy of scale. It would increase social welfare, equality & decrease income disparity as many businesses would expand, create more jobs in rural/semi urban areas./4

#Governance Who you vote matters not on religious/caste identities but competence. Educated, humble leader listens to experts, all stakeholders & creates policies for economic growth like Dr MMS did. Egoistic self serving politicians can't offer economic solutions India needs.