* There are two classes of people in the Indian Economy :- 1) The villager, proletariat, manufacturer of basics, below poverty line. 2) The urban, intellectual, elite, industrialist, above poverty line. We need an economic policy which encourages the former even if it is partially adverse towards the latter. Unfortunately, our economic policies are encouraging the latter more than the former.
* Successful economics should mean minimum variation of pricing between producer and consumer.
* Businessmen never give tax. Tax is given by producer and consumer. Trader is only a medium.
* Tax and controls are springtime for traders. These are very helpful in corrupt trade practices.
* Taxes and controls are the root of corruption. The more they are in numbers and quantity, higher will be the prevalence of corruption.
* Massive mechanized industrialization is beneficial only if a weak consumption area lies outside the industrialized area. These areas eliminate unemployment in that area but generate manifold unemployment outside it.
* As prosperity increases, so does dependency and usage of non-renewable energy. As poverty increases, so does dependency on labor and bread.
* The statistics of the Indian development reflects that 33% of the proletariat have grown at 1% and the elite 33% have grown at 17%. The government proclaims the mean growth rate at 9%. Even today 23% of the Indian population subsists on less than Rs. 21/- daily.
* The easiest way to eradicate economic inequality is to hike labor cost. The capitalist and the intellectuals work diligently on the above conspiracy to regress labor cost. Rightists and leftists in India are in the same boat as far as labor exploitation is concerned. The leftists declare themselves as labor friendly and at the same time vociferously oppose energy cost hike.
* Most of India’s socio-economic problems can be unraveled within the ambit of hiking labor cost.
* Inflation means decreasing purchasing power of the rupee and it results in indirect tax burden upon liquidity
* Inflation does not affect people who do not have cash or bank balances.
* Inflation and price rise are different topics. Inflation does not affect the common man whereas price rise does. Price rise means increase in the cost of products in proportion to peoples’ purchasing power.
* Price rise occurs in specific goods and not in all products. If there is an across the board rise in prices, it is called as inflation.
* In India: - 1) Gold, silver and real estate prices have gone up piercingly. 2) Government jobs have become modestly costly. 3) Lentils, labor and artificial energy costs are stable. 4) Grains, Textiles, and other consumer products have become cheaper. 5) Conveyance, paper, mail, watches, pens, phones and electronic gadgets have become incredibly cheap.
* Economic disparity has grown rapidly. Rich have grown rapidly and poor have grown slowly. This disparity is incessantly increasing.
* Increasing economic disparity is the reason behind public discontent.
* In the last 60 years land prices have increased unbridled. The fascination for land has also bloated.
* Bread, clothes, medicines are taxed in India to nullify the effects of pollution emanating from an internal combustion engine.
* Population explosion is a global phenomenon. To blame it for all of India’s ills is spreading falsehood.
* It is the very nature of The State to provide overt tax& covert privilege to those it wants to reward, and provide covert tax & overt privilege to those it intends to cheat.
* In India the elite is overtly taxed & covertly privileged (income tax v/s subsidized gas, energy) whereas the poor are overtly privileged & covertly taxed (various subsidies, schemes, NREGA, v/s everyday consumables are heavily taxed). We need to reverse this trend by taxing energy heavily and freeing consumables from tax vice.
* It is a misconception that cities pay more tax than villages. 70% of India is rural dweller and their everyday consumables are taxed. The calculation thereafter is simple.
* As prosperity increases, so does dependency and usage of non-renewable energy. As poverty increases, so does dependency on labor and bread.
* The statistics of the Indian development reflects that 33% of the proletariat have grown at 1% and the elite 33% have grown at 17%. The government proclaims the mean growth rate at 9%. Even today 23% of the Indian population subsists on less than Rs. 21/- daily.
* The easiest way to eradicate economic inequality is to hike labor cost. The capitalist and the intellectuals work diligently on the above conspiracy to regress labor cost. Rightists and leftists in India are in the same boat as far as labor exploitation is concerned. The leftists declare themselves as labor friendly and at the same time vociferously oppose energy cost hike.
* Most of India’s socio-economic problems can be unraveled within the ambit of hiking labor cost.
* Inflation means decreasing purchasing power of the rupee and it results in indirect tax burden upon liquidity
* Inflation does not affect people who do not have cash or bank balances.
* Inflation and price rise are different topics. Inflation does not affect the common man whereas price rise does. Price rise means increase in the cost of products in proportion to peoples’ purchasing power.
* Price rise occurs in specific goods and not in all products. If there is an across the board rise in prices, it is called as inflation.
* In India: - 1) Gold, silver and real estate prices have gone up piercingly. 2) Government jobs have become modestly costly. 3) Lentils, labor and artificial energy costs are stable. 4) Grains, Textiles, and other consumer products have become cheaper. 5) Conveyance, paper, mail, watches, pens, phones and electronic gadgets have become incredibly cheap.
* Economic disparity has grown rapidly. Rich have grown rapidly and poor have grown slowly. This disparity is incessantly increasing.
* Increasing economic disparity is the reason behind public discontent.
* In the last 60 years land prices have increased unbridled. The fascination for land has also bloated.
* Bread, clothes, medicines are taxed in India to nullify the effects of pollution emanating from an internal combustion engine.
* Population explosion is a global phenomenon. To blame it for all of India’s ills is spreading falsehood.
* It is the very nature of The State to provide overt tax& covert privilege to those it wants to reward, and provide covert tax & overt privilege to those it intends to cheat.
* In India the elite is overtly taxed & covertly privileged (income tax v/s subsidized gas, energy) whereas the poor are overtly privileged & covertly taxed (various subsidies, schemes, NREGA, v/s everyday consumables are heavily taxed). We need to reverse this trend by taxing energy heavily and freeing consumables from tax vice.
* It is a misconception that cities pay more tax than villages. 70% of India is rural dweller and their everyday consumables are taxed. The calculation thereafter is simple.
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