[ad_1]
Akshat Shrivastava (@Akshat_World), an entrepreneur and investor, shares some fascinating details about our Indian economic system in a Tweet thread. Let’s delve into them.
[1] In keeping with a 2012 RTI submitting, there have been 8Lakh folks with greater than 1Cr in Agriculture earnings, who paid ZERO taxes in India.
Such conditions exists as a result of governments function on political feasibility (break the again of salaried of us), not financial arguments.
— Akshat Shrivastava (@Akshat_World) April 10, 2022
[2] Nepal has 0 Oil refineries, however India has 23.
Curiously, the petrol costs in Nepal is roughly 22Rs lower than in India.
In truth, folks from Bihar’s Araria and Kishanganj districts attempt to purchase petrol from Nepal and promote it in India.
Double whammy for the salaried class
— Akshat Shrivastava (@Akshat_World) April 10, 2022
Rationale given: wealthy folks pay for petrol/diesel. And, the cash collected is used for the welfare of the lots.
Extra particulars on my video right here: https://t.co/QkjksHHxHY
— Akshat Shrivastava (@Akshat_World) April 10, 2022
[3] Excessive crude costs result in extra inflation in India. And, impacts the poor.
Inflation impacts folks with much less discretionary discretionary earnings essentially the most (i.e it impacts poor greater than the wealthy).
This makes poor folks poorer.
— Akshat Shrivastava (@Akshat_World) April 10, 2022
[4] India has one of many highest oblique tax buildings in creating economies.
This hits the poor A LOT.
— Akshat Shrivastava (@Akshat_World) April 10, 2022
[5] If you happen to combination all these details, you get a really clear image:
a. Tax whom you’ll be able to, so long as it’s politically possible. The salaried class is a transparent goal.
b. Spend on freebies to construct a story that state helps the poor.
— Akshat Shrivastava (@Akshat_World) April 10, 2022
[ad_2]
Source link
