On a journey; exploring 'Isms' through prisms of various epochs.
And Justice For All; Nothing Else Matters!
Jul 30, 2022 • 5 tweets • 2 min read
The amount of tax salaried class pays after getting screwd throughout the year, it feels that we only work to pay taxes. There's no social security, no health benefits. Govt has been increasing taxes on all possible investment vehicles. Even insurance attracts 18% tax
#ITRFiling
There has been 100% inflation over the last 2 decades in India. Commensurate with it people's salaries have also grown, but there is no increase in 80C deduction limit. India's savings rate is coming down for a reason. People can't save money, and govt is digging...
Sep 30, 2019 • 14 tweets • 3 min read
In every political system, that is the percentage of wealth ownership. It could be a few percenntage points here and there. But neither democracy, nor communism or any other form of govt has been able to find solution to it. Things begin to hurt when there's no growth in wealth
India's current problem is decelerarion in growth. That happened because govt stopped wealth creation for the bottom 60% through farm product price control and demonetization. GST ate into the margins of informal sector aggravating the situation.
