A viral video criticizing prime minister Narendra Modi and Finance minister Nirmala Sitharaman has sparked a debate over India’s tax policies and economic environment. In the video, a netizen voices frustration with what he describes as an excessive tax burden, drawing a parallel between the current indian government and british colonial rule.

He claims that for every ₹10,000 an individual manages to save, the government collects ₹40,000 in taxes and levies, a ratio that many find alarming. This critique touches on the perceived imbalance between individual savings and the tax burden, suggesting that the indian government’s tax policies discourage wealth accumulation among common citizens, thus making it increasingly difficult for the average person to build financial security.

The video resonates with many indians who feel that the tax structure is both complex and disproportionately demanding. The argument presented is that after earning ₹1 lakh, a person who spends 50% of their income—a relatively standard rate—can only save ₹10,000, while contributing roughly ₹40,000 in taxes. This is perceived by some as a regressive cycle where individuals are forced to contribute substantial portions of their earnings to the government, leaving them with comparatively little for savings and investments. The video’s message has thus struck a chord, amplifying concerns that instead of fostering wealth-building opportunities, the tax regime is making it harder for individuals to accumulate wealth independently.
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SIBY JEYYA

01/11/2024 11:54 AM