In episode 454 of #CutTheClutter, Shekhar Gupta analyses the ideas presented by 50 IRS officers to revive the economy after Covid-19 that are reminiscent of 1970s India and Lenin's Soviet Union.
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Too harsh a critic by comparing it to Khilji. The IRS officers must have seen the ground status of super rich. In politics all over the world there are two streams of thought; liberal and conservative. pro rich and anti poor. Some take pride in economic prowess and some lament the growing vulgar economic disparities between rich and poor. While the government role is to check disparities alongwith development rich’s role is to expand economics. Be that as it may, taking such harsh action is disproportionate as if these young officers are contemplating a revolt to bring a Stanilist regime. balance should not be given a go bye.
Indian bureaucracy wants it’s halcyon days back , what is of course needed is even less of indian red tape that Babu’s of yore were most productive at at. Get rid of them.
With respect to increase in taxes as of now it will have serious consequences. Its illogical to push people who earn more to pay for crisis as such. It will demotivate people to earn more and lead them to adopt tax evasion.
With taxing more on industries- The industries are already facing crisis and any increase in taxatiin will further lead deepening of crises and will have a trickle down effect.
With respect to production of items widely consumable and in demand in the present situation, the govt must give incentives to people who opt to new industries in such goods and those already engaged.
Given the present circumstances and the change in the economic structure from 1970’s the ideas mentioned to revive economy may not be fit to deal the present situation and may give a spark to unintended problems which may catalyse the crisis.
As the Editor often says, No power on earth can stop the force of a bad idea whose time has come. Fortunately the government has hit these suggestions out of the park.
Too harsh a critic by comparing it to Khilji. The IRS officers must have seen the ground status of super rich. In politics all over the world there are two streams of thought; liberal and conservative. pro rich and anti poor. Some take pride in economic prowess and some lament the growing vulgar economic disparities between rich and poor. While the government role is to check disparities alongwith development rich’s role is to expand economics. Be that as it may, taking such harsh action is disproportionate as if these young officers are contemplating a revolt to bring a Stanilist regime. balance should not be given a go bye.
Indian bureaucracy wants it’s halcyon days back , what is of course needed is even less of indian red tape that Babu’s of yore were most productive at at. Get rid of them.
With respect to increase in taxes as of now it will have serious consequences. Its illogical to push people who earn more to pay for crisis as such. It will demotivate people to earn more and lead them to adopt tax evasion.
With taxing more on industries- The industries are already facing crisis and any increase in taxatiin will further lead deepening of crises and will have a trickle down effect.
With respect to production of items widely consumable and in demand in the present situation, the govt must give incentives to people who opt to new industries in such goods and those already engaged.
Given the present circumstances and the change in the economic structure from 1970’s the ideas mentioned to revive economy may not be fit to deal the present situation and may give a spark to unintended problems which may catalyse the crisis.
As the Editor often says, No power on earth can stop the force of a bad idea whose time has come. Fortunately the government has hit these suggestions out of the park.