51–54 of 54 posts
all that can be traced back to the British colonization and exploitation of India's wealth and resources. At least now, folks don't die of hunger.
Earlier quoted context omitted.
This is generally inaccurate and not particularly insightful. Indians by and large aren't "paying tax like first world countries". The income tax rate is comparable to other countries and India actually has extremely low tax compliance. Only employees of medium and large companies report their incomes accurately. As for low quality products, well it's just catering to the price point of the Indian consumer. The numbe…
What you said doesn't refute the point. India has low tax compliance, so people who pay taxes (middle-class, salary jobs, no way to hide income or wealth) shoulder an unfair part of the overall tax burden. This is obviously being worked on by the government, but it remains true. Once you add up the expenditures from double-spending (for example private health insurance, private retirement saving, private school, toll…
> In fact, this has been a long-term structural trend that began even before the pandemic. India has been getting increasingly more unequal, with the top 10% of Indians now holding 57.7% of national income compared with 34% in 1990. The bottom half have seen their share of national income fall from 22.2% to 15%. Yikes, and it’s not like there’s some magic in the free market that “helps” those folks… if anything they’…
Let’s run some numbers for the bottom half. I don’t know what they mean by income data, but let’s use the GDP as a proxy. 2025 GDP (Current USD) - $3.5Tn (actually 2023, but it’s probably still close) Population - 1.45Bn Bottom Half Population - 725mm Bottom Half share - 15% Bottom half share of GDP - $525Bn Bottom half GDP per capita - $725 1990 GDP (current USD) - $320Bn Population - 870mm Bottom Half population -…
Earlier quoted context omitted.
> We pay tax like first world countries but get services like poorest of the poor countries. I asked chatgpt to give a comparison, and I am not sure which country you're comparing against, but it seems people in India pay significantly less than in EU for example. (20% vs 40%, etc...) EDIT: as cliché as it might sound, how about blaming it on the really high level of corruption spread across all layers? Corruption is…
You don't always need to blame corruption. Inefficiencies of all kinds (due to lack of education, lack of infrastructure, etc) also cause most 3rd world countries to have this kind of situation where services are paid for at least twice, once in the form of taxes, and then again to private companies that compensate the lack of quality of the public ones (education, health, security, transportation, etc). The only "ad…
I come from a country where all these issues exist and one thing I learnt: it has nothing to do with taxes. On the contrary, the more you raise them, the more tax evasion will be. And the more you'll need to bribe or cheat the system.