Sir, we are living in a country where political parties get funds for their election campaign and own luxuries from corporate heavyweights which must be with exchange offers, "let us come to power , we will take better care for you (at the cost of 80% population of common people)." Country where most of the political cadres are focused on earning luxurious livelihood out of public money, what kind of equality is expected but such disparity?
Sir, this video might be one of the best videos I watched. The analyses, references, presented with clarity and at last explained a well stable solution is awesome. Hats off Sir!!!
What about a farmer who’s denied of a suitable minimum support price for their produce? They’re the most required person to have a NAREGA worker’s to help them out to reduce the production cost
Sujith sir, amazing observation about how taxes are spent. I can tell you from my minimum knowledge about Kerala state, 75% of revenue is spent to pay pension for state employees. Every decision on tax expenditure is political and mostly they are not people friendly.
Beautiful analysis to the point u bring in ur experience as a sales analyser to the political happenings which adds more clarity to the content thank you for bringing such good content ... To the viewers
I agree with Sujit Nair on this issue. One suggestion I have is if the billionnnaires are around 160 odd in number in India, once the annual expenditure budget is announced by the Govt. , the taxes payable by each billionnaire be directly spent on the item budgeted under the supervision of a combined team of Govt Tax personnel and billionaires' finance personnel with the appropriate approval processes. This way, a few goals are acheived 1) no corrupt govt can lay their hands on the tax money 2) the efficiency with which the expenses are met by avoiding money flow via Govt offices is improved 3) the receipients of the tax monies would engage in productivity much sooner. 4) the billionaires will have greater satisfaction knowing where exactly their monies are being spent and inclined more towards transparent accounting.
@@nagapadma216 education and religion are at odds, we are just a whole lot of stupid people entrenched by peer pressure over religion, as of now religion is only holding us back. Nothing good will come from religion that is now void of meaning, it's become a tool of commerce and subjugation.
Sujith Nair is relentless in bringing to the awareness of people the current current economic policies, although there is no guarantee that it touches the conscience of those responsible to govern this country. The editorials are great help to the people to understand the gaps between the rich and ordinary people. Hope Narendra Modi takes time to listen to Sujith Nair's Editorials such as this one, and understands the economic inequalities which have glaringly peaked during his term as PM of this country. Where is the tax money, collected from the economically lower classes going? This is a question which the current political dispensation should be made to answer.
Another view Do these wealth creators have created wealth without the work of common man and money? Money they get from institutions belongs to the citizens of the country.
Inspite of the lesser taxes, people are leaving India. It is always a good practice to have more collection from direct taxes than indirect taxes. Indian government reduced the corporate taxes from 30℅ to 22%. There was no need to do that.
What was saved in corporate taxes was channeled into Electoral bonds !! 🤣🤣 The rich are very cunning... BJP has given them India on a platter, especially the 2 Gujjus, they never had such a free hand during the Cong regime hence they will ensure that the hand that feeds them stays in power
I fully agree sir that there should not be additional burden on Rich instead the fund we have must be utilized in a very efficient way so that the most poor may be benefitted, also health care, social security and future must be safeguarded so that citizens may feel safe
Sir, well explained. Govenment look at the band-aid or quick-fix solution without looking at the cause of the problem. We should think strategic and systemic and short term and long term solutions. We have enough brains available to map the growth of our economy if only polticians give respect to the opnion of experts.
The solution lies in both hard & soft measures... Such as introduction of inheritance & wealth tax (hard measures) & as you suggest moral suasion, progressive taxation system, seamless/hassle-free tax payment system
The most important tax reform is to abolish INCOME TAX as only 6percent of population is paying.Bring Banking transaction tax with small percentage say .01 percent on each transaction done in a Bank.Exempt JANDHAN account holders.With this Black money problem is addressed and entire funds Will come to BANKS
But many of these high net individuals have already taken citizenships in other countries to avoid paying taxes in India, is such recommendations really practical. Its easy to recommend, but difficult to implement.
Appalled to see how many poor people are there in India not in just one or two statesc but in all India but all over India while rich people live in house that cost over a $billions. Grocery items which are essential for sustenance should not taxed at all.
In this government rich become richest,poor becomes poorer and intresting issue is upper middle classes are become lower middle classes and middle classes are become poor in present government ruling. Main moto is to protect the supporting corporate companies to earn huge profits by way of increasing the commodities prices and write off their loans.
Sir, You correctly said the tax collected goes to the luxury of politicians and bogus advertisements. My humble suggestion is that Govt. should ask crorepati MPs and MLAs to volunteerly surrender their pension and freebies. Also pay only one pension to politicians if they really require it. Law should be made and strictly implement politicians are accountable for. Rgds.. krishnan
It is taxing of rich is direct and GST is indirectly paid by all including poor. Singapore GST is only 8% now but India with so much resources tax up to 28%. Finally Money goes to build status and to cover up or to self boosting of those in power.
Sujit Nair I agree with you we should not hate the wealth creaters. How about rich getting concession in paying taxes. Why you fail take up the issue 70 crore people pay 50% of the GST. YOU SAY NOTHING ABOUT IT. SAD. STOP YOUR PRO RICH STANDS. VERY VERY SAD.
My submission is to stop IT for individuals and tax only the corporates. Instead, we need to have Stake-Holder tax to replace individual IT. Every citizen has a stake in this country and needs to contribute a minimum equally to the exchequer, whatever his state in life is. The poor needs to feel proud that he is contributing as much as the rich to the country.
Biggest problem is each and every person tries to avoid payment of taxes. So we have to find a jnnovative to make people pay taxes regularly and honestly.
Sir, first of all this Govt will nither implement the recommendation of OXFAM nor implement your recommendation, because the financial policies of Govt is Centralisation of wealth - Privatisation of profit and socialization of loss. Do you think the HNIs who are willful defaulter and responsible for large chunk of Bank NPAs will give tax happily?
This is purely an economic issue and I personally feel it should be the game of eminent economist decision. Definitely Not a TV debate OR or a you tube topics for common man . Economic decisions are heavily and meticulously decided based on many internal and external economic factors and political factors ... Economic decisions are mostly beyond the popular demands
The main problem of taxing rich Is indirectly effect poor which will result in more poor.and poor may more taxes. The more tax u impose on rich ultimately poor pays that . So allow rich take up social development activities. We have such asystem every measure ment for poor makes rich more rich
Mr.Nair, Laws are made in Indian Parliament and irony is maximum member comes from common folks, but once elected they become friends of, businessman. And this friendship is for no one's good. So as you sow so you reap. Even Industrialist are frustrated with them.
Just like different cloured ration card, we need to have special aadhaar card for income tax payers. And these adhaar card holders should get few special perks and privileges like I don't know, priority Services from all government bodies without charging extra, some discount in charges like utilities etc. Because right now, the middle and salaried class are having the burden of paying taxes but no benefits for them. (Almost all infrastructure in india has special tax and every service is equally provided to all wether they pay income tax or not)
Sir you rightly mention that poor are poorer and rich become richer day by day due to the inequality in the nation. Govt. Implement the tax just for poor people and forgot about the corporate people who run the whole country and enjoying their life. Corporate people live like a king in the system and they want to rule all over the nation.
Taxing the rich is always there in any country. in fact direct taxes are higher in developed countries. any one who migrate from our country will not be due to tax, but due to lawlessness and lack of justice
To reduce unemployment and modern slavery (making employees work for longer hours yet considering it as a day's work) fixing hourly wage is paramount in an extremely chaotic market place like that of India. Along with fixing hourly wages, weekly work hour per employee should not be more than 40 hours until region wise unemployment data is less than 2%. Stipulated weekly hours will prevent those employed taking extra hours and making many unemployed. Basic hourly wages should be fixed based on living wages or cost of living standards of a particular region carved out based on population density. India cannot have single basic hourly wages until 98% are employed. Suggested rates for 5 regions as per square km population density <
We should always consider. All the rich people earning in white through fair practice would pay higher tax. They work hard and earn money and the government is planning to take 43% of their hard earned money. Ideally which means they will work 5 months for the government. While the so called businessmen in every city with income of Rs 25-30 in cash and who show 5 lac income to the government will enjoy a free ride. Why only the people who earn through checks and pay taxes have to bear the burden. Go to any market in Delhi, let's say a garment shop owner. They would earn 45-50lacs but would show 5-10 lacs in his records, rest would be covered as black money in cash. Now similarly a salaried guy who takes 50 lacs as salary annually, would pay 40% tax while the garment shop owner would be 10%. Isn't this criminal. The salaried guy pays tax entire his life, while shop owners save tax money and build houses, buys cars, support politicians.
Sir Do u think our existing government wd implement yr suggestions? Do you think that our government wd tax to riches? It is pro corporate government Inequality is because of government economy policies.
No one suggests wealth destruction or flight.For voiceless people to live in dignity,wealth & inheritance tax as a partial solution,to lessen the aping gap of inequality.Indian Americans pay what they have to since their lives are going fairly well in 20 trillion dollars economy of 300 million people instead if they had stayed in India they might have suffered from under/mis/No employment or hand to mouth salary in 3.5 trillion economy of 1.5 billion people.Their flight is compelled & logical. Governments should spend money judiciously to uplift humankind. Most miss.India is not an exception.
few of this corporates looted 18.7 lac crores from public sector banks at least government collect that money from all corporates by using one time tax all government banks get survive . If we see no change in personal income tax rates since 8 years where as corporate tax reduced two times in india even though 6 lac people in india cancel their citizen ship instead of reducing corporate tax we would reduced tax on investments corporates would not leave this country and they keep on investing here that way we can create more wealth to India and more jobs.
Your day submissions are completely faulty as the report says that rich pay lowest tax in terms of their earning which means how much tax against income of we calculate rich pay lowest tax and middle class pay highest and poor pay second highest. Even after this they want to run away from our country. Also why the corporates don't have any responsibility towards the country is the biggest question in mind. You mentioned that people would be afraid to become rich as they would be afraid to pay tax but in our country poor and middle class pay highest tax So people should be afraid to be poor or middle class and not rich. Employment generated by rich is far too small compared to employment generated by middle class entrepreneurs like insurance agents and even smaller than grocery store owners present in every nuke and corner of our country but the government wants to close these profession and small businesses and bring huge unemployment and maximize profits of these jobless corporates. Corporate greed has taken over our country which was always very sensitive towards the needy.
Why INC not talking against TTML ? Why Tata mutual fund haven't invested in TTML? Lakh people's deposit got halved Why TATA not giving employees TTML share like zomato adani Where is TATA's responsibility towards investors who trusted TATA brand Can't biggest brand TATA or tech company TCS gives million share to employee to raise TTML for investors Why INC not raising it , only before elections they might well will raise it again
How many percentage of people in India know about this or think about is the problem. Most of us are carried away and twisting in whirlwind of false and hate created by vested intrests.
Economic disparities did not make countries' trillion dollars economies....it is the common masses' effort to make counturies so. Upliftment of impoverished classes is paramount....Big economic disparities are the grestest hurdles ....The big few shift all their capitals to other countries and leave the common populace further impoverished. It is a bitter truth but everyone is helpless ,,,,powerless,,,,in this cycle of disparity.
The argument that if rich are taxed, then they will leave the country is silly. Many rich of the world locate their businesses in tax havens. The British PM's hedge fund is located in the Bhamas❗️🤔 He is richer than the king. India's tax to GDP ratio is 10 %. Canada's is 33%.
No taxing rich is not the solution, but building psu with 49 Percent equity with one company having 15 percent maximum share and president rule to be of 20 years minimum and 0.01 percent salary of GDP. Unless and until king have maximum profit of industry and he is not giving anything equivalent or higher to what he has to his children will not be successful model. Democracy will result in corruption, every democracy is corrupt communism of china is less corrupt, simple comparison is that in China politician control industrialist and doesn't allow absolute monopoly while democracy has absolute monopoly and they choose who will be pm.
So now you know it did you Indians not know it when the Modi government gives 80 crore free rice how many percent is that of 134 crore population? And you'll waiting for Oxfam to come out with a report shameful for all media to even discuss it even a school going child will know the existing poverty.
Noooooo taxing the riches will lower the wealth of India..... Taxing the poor on all essentials.....like needle ,thread,biscuits,....and the list is never ending.... After all this is "Ram rajiyam"...
This BJP government has reduced Corporate tax from 30 percent to 25 percent. If this tax is hiked back to 30 percent, the Government will have more funds for welfare schemes. Corporates will not run away from India, as their market is India.
All political parties without sweat making money with the help of their own corporates. Common man paying tax. Once I paid income tax from my salary , why I should pay tax again each every areas .either this way that way. Corporates getting exemption..what a logic.. no standard of medical rates, no standard of traveling facilities , especially roads... . One side .how to get one more term, opposite how to reach there?
Mr.Nair no body is ready question the govt which has collected 40 odd lak crores from exise duty on fuel and 100 lak crores which our chor PM Modi had borrowed from IMF and 1.5 lak crs snatched from RBI by the central government and also about 1.75 lak crs from LIC.
_Something which needs to be done by the managers of our country with immediate effect... i.e from the coming financial year 2023-24...if they really care for the country..._ 👇 All arrangements for free Schooling, Skill training and Health Care... should be made the foremost and sole responsibility of the corporates and super rich industrialists... they should be handed over land and old infrastructure (wherever available) ... and asked to repair/ improve / built run and maintain the same as per standards already laid down by the government for public sector educational skill training and health facilities... this should be done by the corporates as a part of their CSR (corporate social responsibility)... no money of the CSR needs to go to government agencies who inturn hand it over to NGOs... let the corporates decide the NGOs and fund them and work with them in coordination for an educated and healthy rural India... *_This at present is the only visible solution of the actual problems being faced by our country..._* 🙏
Sir, your efforts to bring attention the realities what's going on the country. Why not you are campaign to bring back BALLOT PAPERS to SAVE COUNTRIES from SINKING STAGE.
Rich Indians are happy to taxes in US because of the privileges they get, what about we poor Indians in our own country without privileges or who can't efford it but pay more taxes than those 10 riches Indians who avail all facilities and privileges from Govt
Allow super rich to have 100 crs liquid cash on their annual turnover... Rest all the networth get deposited with Govt of India. In return govt of india will be the guarantor of that person international loans & acquisition... Why a 5 lac crores wealth of Ambani should reside ideal rather govt of india can use the money to repay govt loans to IMF.. 🤷🏼♀️🤷🏼♀️
5 lac cr do not lie with अम्बानी it is valuation is stock market. So the money is mostly in form of share and debentures and bonds which mister Ambani or adani himself can't use directly. Well if you are aware of the interview which Elon musk gave last year in thay interview he said i only own few million dollars in cash rest of 370 billion dollars are as company shares, same is the case with reliance and adani. Relainace pays mister Ambani approx 20000 cr as dividend each year as he is owner of 51 percent shares of reliance industries 🤠
So how did the rich get so rich & why is the country suffering so much? They should be investigated, audited, all their wealth confiscated & sent to jail! Why report about all this when nothing can be done about this? What recommendations are you talking about? All talk & no action makes this nation a poor nations!
Your point about more people will leave is imagining futureand a flimsy excuse. Ambani and Adani, Piramal, Tatas, Mahindras will not leave. . It doesn't matter if some other HNIs leave taxes will come from others who are not leaving.The rate of increase of inequality and the rate of decline in affordability of goods and services for the bottom 70 Crore will have far more serious impact than a few fatcats leaving India.
Shaikh mohammadji, why will MPs and MLAs agree not to accept pension and freebies? They want their future generations to simply sit and spend money accumulated by illegal methods. Moreover, they raise their salaries and perks periodically without any discussion. If PM brings laws to stop pension, perks of MPs and MLAs, who will support him to form the government? If the government taxes the rich industrialists proportionate to their wealth and earnings why will they donate funds which is required by all the political parties to spend for elections. Nothing will change in this country.
Can we think some original thoughts for a change - ??? wealth creators ??? who ??? what abt feel good for those who give taxes but don’t get “ privileges “. - all these “rules” , who makes them n for whom. ??? and why these rule r still used , when all they do , is creat chaos. ?
You are correct sir. But if you tax the farmers you will be back with another vedio. So what is your suggestion. When will these elite news editors start publishing some solutions also.
Seems like most of these suggestions are implemented in Kerala. But look where they ended up - bankruptcy. Now after tactical introdution of Neethi ayog by Modi, state is allocted with almost no central funds as those funds are allocated for bettering all these basic amnities in states which lacks those. This was a clear foul play by Mr. Modi where he intentionally allocated nothing for these basic amnities and used those funds for subsidizing industries to attract those to Gujarat. Once he captured the center, he came up Neethi ayog just to pay his bills in expense of other states which invested their major funds on improving peoples lives.. Perfect looting..
How democratic govt can give all the assets of country behalf of privitisation especially two or three companies benefits. This is a real political brokering. Still they saying they dont have any consideration getting from govt. How simply they make us foolish 😊. They underestimates the common peoples commonsense.
Sir, we are living in a country where political parties get funds for their election campaign and own luxuries from corporate heavyweights which must be with exchange offers, "let us come to power , we will take better care for you (at the cost of 80% population of common people)." Country where most of the political cadres are focused on earning luxurious livelihood out of public money, what kind of equality is expected but such disparity?
The real problem is all benefits going to rich and poor get nothing.
so whose getting government schemes and homes, aliens i guess.
Let all institutions give their statistics.We have an egoistic Unpad PM who will not listen to reason.
Sir, this video might be one of the best videos I watched. The analyses, references, presented with clarity and at last explained a well stable solution is awesome. Hats off Sir!!!
What about a farmer who’s denied of a suitable minimum support price for their produce? They’re the most required person to have a NAREGA worker’s to help them out to reduce the production cost
Sujith sir, amazing observation about how taxes are spent. I can tell you from my minimum knowledge about Kerala state, 75% of revenue is spent to pay pension for state employees. Every decision on tax expenditure is political and mostly they are not people friendly.
75% probably should be for salaries and pensions. Just pensions is very frightening
I've been looking for this answer for quite a long time now and yes I've found it here... Can't thank you enough sir 👍🏼
Beautiful analysis to the point u bring in ur experience as a sales analyser to the political happenings which adds more clarity to the content thank you for bringing such good content ... To the viewers
I agree with Sujit Nair on this issue.
One suggestion I have is if the billionnnaires are around 160 odd in number in India, once the annual expenditure budget is announced by the Govt. , the taxes payable by each billionnaire be directly spent on the item budgeted under the supervision of a combined team of Govt Tax personnel and billionaires' finance personnel with the appropriate approval processes. This way, a few goals are acheived 1) no corrupt govt can lay their hands on the tax money 2) the efficiency with which the expenses are met by avoiding money flow via Govt offices is improved 3) the receipients of the tax monies would engage in productivity much sooner. 4) the billionaires will have greater satisfaction knowing where exactly their monies are being spent and inclined more towards transparent accounting.
'Richest 1% bag nearly TWICE as much wealth as the rest of the world put together over the past two years' - Oxfam 16-Jan-2023 Report.
Here it’s the cost of governance and cost of collection which eats up
An audit is needed to find source and application of amount collected
First we need a Educated PM most importantly, Modi just wants India to become Superpower in Pakoda 😆 🤣
Modi govt is no way less than Dr.MM Singh's UPA Govt in execution of monetary & fiscal issues and Tax Administration of the Central Govt.
To understand what education means, one should be educated in the first place. Not your fault. It's the system.
@@devarajjangamiah974 nice try 🤣
first you get educated your personality shows all
@@nagapadma216 education and religion are at odds, we are just a whole lot of stupid people entrenched by peer pressure over religion, as of now religion is only holding us back. Nothing good will come from religion that is now void of meaning, it's become a tool of commerce and subjugation.
Sujith Nair is relentless in bringing to the awareness of people the current current economic policies, although there is no guarantee that it touches the conscience of those responsible to govern this country. The editorials are great help to the people to understand the gaps between the rich and ordinary people.
Hope Narendra Modi takes time to listen to Sujith Nair's Editorials such as this one, and understands the economic inequalities which have glaringly peaked during his term as PM of this country.
Where is the tax money, collected from the economically lower classes going? This is a question which the current political dispensation should be made to answer.
Absolutely agree with you sir
Sir
I agree with the diagnosis you made.
Not rich but oligarchs rise a new trend in Indian democracy
Good analysis Sir,I agree with you.
Another view
Do these wealth creators have created wealth without the work of common man and money?
Money they get from institutions belongs to the citizens of the country.
Inspite of the lesser taxes, people are leaving India. It is always a good practice to have more collection from direct taxes than indirect taxes.
Indian government reduced the corporate taxes from 30℅ to 22%.
There was no need to do that.
that was the dire need of this govt or where will they get funds for elections and buying MLA'S the common man is happy with jumlas
What was saved in corporate taxes was channeled into Electoral bonds !! 🤣🤣 The rich are very cunning... BJP has given them India on a platter, especially the 2 Gujjus, they never had such a free hand during the Cong regime hence they will ensure that the hand that feeds them stays in power
I fully agree sir that there should not be additional burden on Rich instead the fund we have must be utilized in a very efficient way so that the most poor may be benefitted, also health care, social security and future must be safeguarded so that citizens may feel safe
Too good an analysis
Sir, well explained. Govenment look at the band-aid or quick-fix solution without looking at the cause of the problem. We should think strategic and systemic and short term and long term solutions. We have enough brains available to map the growth of our economy if only polticians give respect to the opnion of experts.
Absolutely correct !!
The solution lies in both hard & soft measures... Such as introduction of inheritance & wealth tax (hard measures) & as you suggest moral suasion, progressive taxation system, seamless/hassle-free tax payment system
Beautiful debriefing the facts of this report.... Great Journalism, at the Era of Godi Media. Hat's off your efforts & research team..
The most important tax reform is to abolish INCOME TAX as only 6percent of population is paying.Bring Banking transaction tax with small percentage say .01 percent on each transaction done in a Bank.Exempt JANDHAN account holders.With this Black money problem is addressed and entire funds
Will come to BANKS
But many of these high net individuals have already taken citizenships in other countries to avoid paying taxes in India, is such recommendations really practical. Its easy to recommend, but difficult to implement.
Appalled to see how many poor people are there in India not in just one or two statesc but in all India but all over India while rich people live in house that cost over a $billions.
Grocery items which are essential for sustenance should not taxed at all.
In this government rich become richest,poor becomes poorer and intresting issue is upper middle classes are become lower middle classes and middle classes are become poor in present government ruling. Main moto is to protect the supporting corporate companies to earn huge profits by way of increasing the commodities prices and write off their loans.
Excellent awareness great
Unfortunately, today, America does not even give a Tourist Visa to an Indian for years. Why?
Haj subsidy waved off, and on over put tax of 18 % on haj expenditure earning hundreds of crores
Sir, You correctly said the tax collected goes to the luxury of politicians and bogus advertisements. My humble suggestion is that Govt. should ask crorepati MPs and MLAs to volunteerly surrender their pension and freebies. Also pay only one pension to politicians if they really require it. Law should be made and strictly implement politicians are accountable for. Rgds.. krishnan
Excellent analysis. Now many countries are offering citizenship for an investment in their countries . Even upper middle class can afford the above .
Superrich should be allowed to disclose their political funding.
It is taxing of rich is direct and GST is indirectly paid by all including poor. Singapore GST is only 8% now but India with so much resources tax up to 28%. Finally Money goes to build status and to cover up or to self boosting of those in power.
Sujit Nair I agree with you we should not hate the wealth creaters. How about rich getting concession in paying taxes.
Why you fail take up the issue 70 crore people pay 50% of the GST. YOU SAY NOTHING ABOUT IT. SAD. STOP YOUR PRO RICH STANDS. VERY VERY SAD.
My submission is to stop IT for individuals and tax only the corporates. Instead, we need to have Stake-Holder tax to replace individual IT. Every citizen has a stake in this country and needs to contribute a minimum equally to the exchequer, whatever his state in life is. The poor needs to feel proud that he is contributing as much as the rich to the country.
Yeah but government won't do this, or they don't have will
Biggest problem is each and every person tries to avoid payment of taxes. So we have to find a jnnovative to make people pay taxes regularly and honestly.
Sir, first of all this Govt will nither implement the recommendation of OXFAM nor implement your recommendation, because the financial policies of Govt is Centralisation of wealth - Privatisation of profit and socialization of loss. Do you think the HNIs who are willful defaulter and responsible for large chunk of Bank NPAs will give tax happily?
This is purely an economic issue and I personally feel it should be the game of eminent economist decision. Definitely Not a TV debate OR or a you tube topics for common man .
Economic decisions are heavily and meticulously decided based on many internal and external economic factors and political factors ...
Economic decisions are mostly beyond the popular demands
The main problem of taxing rich
Is indirectly effect poor which will result in more poor.and poor may more taxes.
The more tax u impose on rich ultimately poor pays that .
So allow rich take up social development activities.
We have such asystem every measure ment for poor makes rich more rich
You mean ‘trifurcate’ not ‘bifurcate’
Yes yes yes
Where do the money collected as tax go. And very correct what do they get in return. Answers are available easily.
Sir , we the senior citizens are paying 18 percent GST on our health insurance premium. Is it desirable?
Mr.Nair, Laws are made in Indian Parliament and irony is maximum member comes from common folks, but once elected they become friends of, businessman. And this friendship is for no one's good. So as you sow so you reap. Even Industrialist are frustrated with them.
Just like different cloured ration card, we need to have special aadhaar card for income tax payers. And these adhaar card holders should get few special perks and privileges like I don't know, priority Services from all government bodies without charging extra, some discount in charges like utilities etc. Because right now, the middle and salaried class are having the burden of paying taxes but no benefits for them. (Almost all infrastructure in india has special tax and every service is equally provided to all wether they pay income tax or not)
Sir you rightly mention that poor are poorer and rich become richer day by day due to the inequality in the nation. Govt. Implement the tax just for poor people and forgot about the corporate people who run the whole country and enjoying their life. Corporate people live like a king in the system and they want to rule all over the nation.
Modi govt doen't want tax funds, it only wants chunavi chanda from big corporations. Aam Aadmi Party ko lana hai.
Change foreign policy and be in dialogue with neighbours and business partners
Stop taxing the rich!
Simple solution is India should implement hourly wages for non-exempt employees.
Taxing the rich is always there in any country. in fact direct taxes are higher in developed countries. any one who migrate from our country will not be due to tax, but due to lawlessness and lack of justice
To reduce unemployment and modern slavery (making employees work for longer hours yet considering it as a day's work) fixing hourly wage is paramount in an extremely chaotic market place like that of India. Along with fixing hourly wages, weekly work hour per employee should not be more than 40 hours until region wise unemployment data is less than 2%. Stipulated weekly hours will prevent those employed taking extra hours and making many unemployed.
Basic hourly wages should be fixed based on living wages or cost of living standards of a particular region carved out based on population density. India cannot have single basic hourly wages until 98% are employed.
Suggested rates for 5 regions as per square km population density <
Reduce expenditure on luxurious life of politicians
Abolish all taxes to that of only one TurnOverTax with compulsory TDS without any reservation then laundering money will never arise.
We should always consider. All the rich people earning in white through fair practice would pay higher tax. They work hard and earn money and the government is planning to take 43% of their hard earned money. Ideally which means they will work 5 months for the government. While the so called businessmen in every city with income of Rs 25-30 in cash and who show 5 lac income to the government will enjoy a free ride. Why only the people who earn through checks and pay taxes have to bear the burden. Go to any market in Delhi, let's say a garment shop owner. They would earn 45-50lacs but would show 5-10 lacs in his records, rest would be covered as black money in cash. Now similarly a salaried guy who takes 50 lacs as salary annually, would pay 40% tax while the garment shop owner would be 10%. Isn't this criminal. The salaried guy pays tax entire his life, while shop owners save tax money and build houses, buys cars, support politicians.
This govt is anti-poor & lacking 💯 percent compassion . very unfortunate for the poor and the middle class.
Sir
Do u think our existing government wd implement yr suggestions?
Do you think that our government wd tax to riches?
It is pro corporate government
Inequality is because of government economy policies.
No one suggests wealth destruction or flight.For voiceless people to live in dignity,wealth & inheritance tax as a partial solution,to lessen the aping gap of inequality.Indian Americans pay what they have to since their lives are going fairly well in 20 trillion dollars economy of 300 million people instead if they had stayed in India they might have suffered from under/mis/No employment or hand to mouth salary in 3.5 trillion economy of 1.5 billion people.Their flight is compelled & logical.
Governments should spend money judiciously to uplift humankind. Most miss.India is not an exception.
few of this corporates looted 18.7 lac crores from public sector banks at least government collect that money from all corporates by using one time tax all government banks get survive . If we see no change in personal income tax rates since 8 years where as corporate tax reduced two times in india even though 6 lac people in india cancel their citizen ship instead of reducing corporate tax we would reduced tax on investments corporates would not leave this country and they keep on investing here that way we can create more wealth to India and more jobs.
Your day submissions are completely faulty as the report says that rich pay lowest tax in terms of their earning which means how much tax against income of we calculate rich pay lowest tax and middle class pay highest and poor pay second highest. Even after this they want to run away from our country. Also why the corporates don't have any responsibility towards the country is the biggest question in mind. You mentioned that people would be afraid to become rich as they would be afraid to pay tax but in our country poor and middle class pay highest tax So people should be afraid to be poor or middle class and not rich. Employment generated by rich is far too small compared to employment generated by middle class entrepreneurs like insurance agents and even smaller than grocery store owners present in every nuke and corner of our country but the government wants to close these profession and small businesses and bring huge unemployment and maximize profits of these jobless corporates. Corporate greed has taken over our country which was always very sensitive towards the needy.
Why INC not talking against TTML ?
Why Tata mutual fund haven't invested in TTML?
Lakh people's deposit got halved
Why TATA not giving employees TTML share like zomato adani
Where is TATA's responsibility towards investors who trusted TATA brand
Can't biggest brand TATA or tech company TCS gives million share to employee to raise TTML for investors
Why INC not raising it , only before elections they might well will raise it again
How many percentage of people in India know about this or think about is the problem. Most of us are carried away and twisting in whirlwind of false and hate created by vested intrests.
Economic disparities did not make countries' trillion dollars economies....it is the common masses' effort to make counturies so. Upliftment of impoverished classes is paramount....Big economic disparities are the grestest hurdles ....The big few shift all their capitals to other countries and leave the common populace further impoverished. It is a bitter truth but everyone is helpless ,,,,powerless,,,,in this cycle of disparity.
The argument that if rich are taxed, then they will leave the country is silly. Many rich of the world locate their businesses in tax havens. The British PM's hedge fund is located in the Bhamas❗️🤔 He is richer than the king. India's tax to GDP ratio is 10 %. Canada's is 33%.
No taxing rich is not the solution, but building psu with 49 Percent equity with one company having 15 percent maximum share and president rule to be of 20 years minimum and 0.01 percent salary of GDP. Unless and until king have maximum profit of industry and he is not giving anything equivalent or higher to what he has to his children will not be successful model. Democracy will result in corruption, every democracy is corrupt communism of china is less corrupt, simple comparison is that in China politician control industrialist and doesn't allow absolute monopoly while democracy has absolute monopoly and they choose who will be pm.
So now you know it did you Indians not know it when the Modi government gives 80 crore free rice how many percent is that of 134 crore population? And you'll waiting for Oxfam to come out with a report shameful for all media to even discuss it even a school going child will know the existing poverty.
Noooooo taxing the riches will lower the wealth of India.....
Taxing the poor on all essentials.....like needle ,thread,biscuits,....and the list is never ending....
After all this is "Ram rajiyam"...
Justice must be applicable to all otherwise law officials are unjust....
Jb
This BJP government has reduced Corporate tax from 30 percent to 25 percent. If this tax is hiked back to 30 percent, the Government will have more funds for welfare schemes. Corporates will not run away from India, as their market is India.
All political parties without sweat making money with the help of their own corporates. Common man paying tax. Once I paid income tax from my salary , why I should pay tax again each every areas .either this way that way. Corporates getting exemption..what a logic.. no standard of medical rates, no standard of traveling facilities , especially roads... . One side .how to get one more term, opposite how to reach there?
Well said sir ...but the oligarchy model what we are pursuing now.
You scratch my back I scratch yours
Simple u should vote for 2004-14 Manmohan govt to implement this. He had all these policies In his govt.
Kejriwal proved correct!
None of the recommendations of oxfam is being followed by reluctant govt.
🤣🤣🤣🤣😂🤣😂🤣😂🤣😂🤣😂🤣😂🤣😂🤣😂🤣😂🤣😂🤣🤣😂🤣😂💪💪💪💪💪💪💪💪😂🤣😂💪💪💪😂💪🤣😂
Mr.Nair no body is ready question the govt which has collected 40 odd lak crores from exise duty on fuel and 100 lak crores which our chor PM Modi had borrowed from IMF and 1.5 lak crs snatched from RBI by the central government and also about 1.75 lak crs from LIC.
Ha to get Rich in order to get tax benefit
_Something which needs to be done by the managers of our country with immediate effect... i.e from the coming financial year 2023-24...if they really care for the country..._
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All arrangements for free Schooling, Skill training and Health Care... should be made the foremost and sole responsibility of the corporates and super rich industrialists... they should be handed over land and old infrastructure (wherever available) ...
and asked to repair/ improve / built run and maintain the same as per standards already laid down by the government for public sector educational skill training and health facilities... this should be done by the corporates as a part of their CSR (corporate social responsibility)... no money of the CSR needs to go to government agencies who inturn hand it over to NGOs... let the corporates decide the NGOs and fund them and work with them in coordination for an educated and healthy rural India...
*_This at present is the only visible solution of the actual problems being faced by our country..._*
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Billionaires will pay taxes happily 😂😂😂 I want what u smoke???
Equal opportunity
Security
Justice
Rule of law
Sir, your efforts to bring attention the realities what's going on the country.
Why not you are campaign to bring back BALLOT PAPERS to SAVE COUNTRIES from SINKING STAGE.
Rich Indians are happy to taxes in US because of the privileges they get, what about we poor Indians in our own country without privileges or who can't efford it but pay more taxes than those 10 riches Indians who avail all facilities and privileges from Govt
Allow super rich to have 100 crs liquid cash on their annual turnover... Rest all the networth get deposited with Govt of India. In return govt of india will be the guarantor of that person international loans & acquisition... Why a 5 lac crores wealth of Ambani should reside ideal rather govt of india can use the money to repay govt loans to IMF.. 🤷🏼♀️🤷🏼♀️
5 lac cr do not lie with अम्बानी it is valuation is stock market. So the money is mostly in form of share and debentures and bonds which mister Ambani or adani himself can't use directly. Well if you are aware of the interview which Elon musk gave last year in thay interview he said i only own few million dollars in cash rest of 370 billion dollars are as company shares, same is the case with reliance and adani. Relainace pays mister Ambani approx 20000 cr as dividend each year as he is owner of 51 percent shares of reliance industries 🤠
So how did the rich get so rich & why is the country suffering so much?
They should be investigated, audited, all their wealth confiscated & sent to jail!
Why report about all this when nothing can be done about this?
What recommendations are you talking about?
All talk & no action makes this nation a poor nations!
Your point about more people will leave is imagining futureand a flimsy excuse. Ambani and Adani, Piramal, Tatas, Mahindras will not leave. . It doesn't matter if some other HNIs leave taxes will come from others who are not leaving.The rate of increase of inequality and the rate of decline in affordability of goods and services for the bottom 70 Crore will have far more serious impact than a few fatcats leaving India.
Shaikh mohammadji, why will MPs and MLAs agree not to accept pension and freebies? They want their future generations to simply sit and spend money accumulated by illegal methods. Moreover, they raise their salaries and perks periodically without any discussion. If PM brings laws to stop pension, perks of MPs and MLAs, who will support him to form the government? If the government taxes the rich industrialists proportionate to their wealth and earnings why will they donate funds which is required by all the political parties to spend for elections. Nothing will change in this country.
Can we think some original thoughts for a change - ??? wealth creators ??? who ??? what abt feel good for those who give taxes but don’t get “ privileges “. - all these “rules” , who makes them n for whom. ??? and why these rule r still used , when all they do , is creat chaos. ?
BERNARD ARNAULT IS KING OF MONEY $290 BILLION DOLLARS
Read it correctly sir. For workplace you read workshop
You are correct sir. But if you tax the farmers you will be back with another vedio. So what is your suggestion. When will these elite news editors start publishing some solutions also.
We should have presidential form of govt and remove linguistic states.
Unemployment woman safety, gst tax ,riots hate ,farmer ,rich more rich middle poor ,poor more poor
Nirmala don't know the economics and finance that's the problem, Modi....😭😭
Detoxing helps
It's high time to make the no tax limit is 12LPA.....🤬....
Seems like most of these suggestions are implemented in Kerala. But look where they ended up - bankruptcy. Now after tactical introdution of Neethi ayog by Modi, state is allocted with almost no central funds as those funds are allocated for bettering all these basic amnities in states which lacks those. This was a clear foul play by Mr. Modi where he intentionally allocated nothing for these basic amnities and used those funds for subsidizing industries to attract those to Gujarat. Once he captured the center, he came up Neethi ayog just to pay his bills in expense of other states which invested their major funds on improving peoples lives.. Perfect looting..
How democratic govt can give all the assets of country behalf of privitisation especially two or three companies benefits. This is a real political brokering. Still they saying they dont have any consideration getting from govt. How simply they make us foolish 😊. They underestimates the common peoples commonsense.
What incentives to rich to pay taxes❓️🤔