India’s tax collection is growing like crazy; At this speed the politicians will be billionaires
Work_in_progress
Stealth
a year ago
And stadiums
Rise of tax is inversely proportional to the public infrastructures. Government schools are on the decline, public Healthcare on decline, and what not. But tax will keep increasing, we will keep paying until we become poor, and our opinions won't matter because salaried middle class are a tiny droplets in the ocean of population.
Exactly. A lot of progress currently is coming via the private sector which is empowered
Droughtbear
Student
a year ago
Sarcasm?
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Lol pointless figure if you dont share tax as a %age of GDP. Of course taxes as an absolute will increase as GDP increases but is it increasing out of line with it or below it? What is the benchmark with other countries at all sorts of PCI levels?
vanishinggradient
Student
a year ago
GDP contracted during covid
the grew again to a level that is still less than what it was before COVID
before COVID economy was growing at 4%
Most politicians are already billionaires. Check their election commission affidavits. And booming tax collections are a sign of high tax rates as growth is pretty much stagnant
vanishinggradient
Student
a year ago
This is all while corporate tax rate keeps going down
hidden_human_being
Stealth
a year ago
Bold of you to assume they aren't already