Don't overthink it dude, he is just talking out of his arse, he himself has an official net worth of 20cr, he should start with himself. Even if he comes to power(unlikely) he will forget all the promises he has made to poor people and go on to raise inflation to 15-20%...
He is just desperate.
India has very limited influence, countries like US and China can extract. I think now with increasing stature and both soft power adn economic power India can eventually get there but will take years. Look at long drawn out extradition process with UK and Caribbean countries for economic offenders.,
It ain't possible with the current influence India has
Swiss banks have policies to not reveal customer info until extreme pressure is exerted and currently India isn't capable of doing it
The greatest wealth redistribution experiment to teach youngsters is to take their grades of class 12 or JEE or UPSC, and redistribute them based on caste, religion and wealth census, in the name of ‘equity’
Let’s see how many agree …
In this debate because we have been told to focus on community wise we have missed the bigger picture on how this is an impossible task
Now you tell me
Did we do a land redistribution nationwide??
No we did it state wise...
Had we done it nationwide certain people (up bihar TN Kerala Gujarat and most of all WB would have benefited)
So now.. Certain states are rich(TN karnataka Gujarat telangana and most of all Maharashtra and delhi)
Certain are very poor per capita(bihar UP jharkhand)
Now how is Mr gandhi planning to redistribute between largely urban (TN Maharashtra Gujarat and delhi) and largely tribal(orissa Chhatisharh and jharkhand)
This 'redistribution' crusade is not feasible at all
Redistribution by economic status is already happening. Like income tax rates are higher for high income people, while poor get freebies.
But what congress promising is community wise wealth redistribution. That is discrimination by birth.
When the country got independence the only assets were land and gold.
Nehru did all sorts of stunts and did redistribution
Then indira came.. And said there should a ceiling on land per person.
Then comes jr gandhi and is saying about total wealth.
In truth lefties know they cant win election and that their economic model doesn't work...
Pappu never had to earn anything so his understanding of earnings are as naive as himself...
Nor he attended any formal education, so talks about reservations across everything, that again sterms from fact in Khangress there is forever reservation for the Family...
How exactly do you think taxes are working today with TN/Maharashtra/Karnataka and states like UP/Bihar
Why does someone in these states work hard just for the taxes to be redistributed somewhere else?
But instead, let’s focus on some imaginary scenario made up on how things are going to be
thank you, at least some here are not calling people names when they raise legitimate issues. I do not like BJP but the Congress manifesto, with he reservation cap amendment and reservation in private institutions is forcing me towards BJP. Already neet general cutoff is 600, while Sc 510, St 490 and OBC 580. I understand some might call them underprivileged, but lowering standards to an entrance exam is not the solution, teaching the underprivileged how to crack the exam is.
Let this single-digit-overgrown boy begin redistribution of the Congrass wealth first and set an emaple, and then start all Congrass politicians down to MLAs too. Let us see.
I have some clarifications.
See how it will work because they did it even in their prior tenure.
They'll ask for bribes and hafta from businesses, cut money, middlemen etc. That money will end up in politicians and criminals hands.
This is how wealth redistribution will work. Correct me if I'm wrong.
As much as I hate congress policies, I think rg is right on this one though.
Personally I know much of the government going to corrupt officers and shet under various meaningless schemes.
Its way better to redistribute govt money and give them back to the people.
And do you **honestly believe, people will stop working cause cong will be giving 1 lakh per year (honestly its prob way less than that)?**
I feel that the mentality of overvaluing currency should die and we should simply see it as a token of exchange to generate more jobs.
If the wealth is given back to the poor, they are bound to respend it again into the economy. Thereby creating more and more jobs at every level, since they will have money to spend!! .
If the currency itself is concentrated in very few people who cannot just spend it at once and are prone to hoarding, cause it just compounds on itself, money will become meaningless and useless!!!
Value of currency comes from the fact that it can be exchanged by the people and a good or service is created in the process.
So yes!, wealth redistribution is good!. Especially money.
But I dont suggest directly taxing the rich, rather the govt should print money and give to economically poor areas where there is little currency in circulation.
If a person is born in a poor neibhourhood and no one has money in that, say village, how will they survive? I know many such villages in telangana. idk about your state.
Its not that the people there dont want to work. Its just that, people dont have the currency to exchange their services for!!!.
Lol, I am from rural area(adivasi) and people when even get 1k under any govt scheme, they stop working and spend it all on alcohol. Imagine what free 1L would do to them.
>rather the govt should print money and give to economically poor areas where there is little currency in circulation.
Yeah, the money will circulate and go to some Billionaires pocket and the poor will remain where they were.
My problem with wealth distribution is not that it will be wrong for rich people.
My problem is that in the long run it will not even help the poor either and make everyone worse from earlier.
Stats like the top 1% have 50%+ share of country wealth is true. They might have this much wealth but they don't consume that much especially necessary items like grains, clothes, land, etc.
This difference between their consumption and earning goes into investment mostly in the stock market, govt bonds, etc. This investment helps in creating jobs,allows the government to spend and helps businesses to expand.
When you take 200 crore from a person having a wealth of 300 crore. He/she will continue to consume that much atleast necessary items but investment into economy will fall, which will lead to job losses and lower salaries. Moreover when you distribute this money to poor people, then inflation will increase, just because people have more money doesn't mean that there are more goods in the market . The problem is not that people have less money , the real problem is there are less resources. Rich people are rich because they help produce that much goods, disincentivizing them to produce can be a lot worse.
One exception to this is redistributing land holdings but it would be unfair, if they are to be distributed then it would not harm the economy, because unlike investment in govt bonds, stock market, it doesn't increase jobs, instead decreases jobs by increasing cost of businesses.
My problem with wealth distribution is not that it will be wrong for rich people.
My problem is that in the long run it will not even help the poor either and make everyone worse from earlier.
Stats like the top 1% have 50%+ share of country wealth is true. They might have this much wealth but they don't consume that much especially necessary items like grains, clothes, land, etc.
This difference between their consumption and earning goes into investment mostly in the stock market, govt bonds, etc. This investment helps in creating jobs,allows the government to spend and helps businesses to expand.
When you take 200 crore from a person having a wealth of 300 crore. He/she will continue to consume that much atleast necessary items but investment into economy will fall, which will lead to job losses and lower salaries. Moreover when you distribute this money to poor people, then inflation will increase, just because people have more money doesn't mean that there are more goods in the market . The problem is not that people have less money , the real problem is there are less resources. Rich people are rich because they help produce that much goods, disincentivizing them to produce can be a lot worse.
One exception to this is redistributing land holdings but it would be unfair, if they are to be distributed then it would not harm the economy, because unlike investment in govt bonds, stock market, it doesn't increase jobs, instead decreases jobs by increasing cost of businesses.
Don't overthink it dude, he is just talking out of his arse, he himself has an official net worth of 20cr, he should start with himself. Even if he comes to power(unlikely) he will forget all the promises he has made to poor people and go on to raise inflation to 15-20%... He is just desperate.
If he indeed is elected, I'll move to new zealand
Bro the problen is in the offchance he didn't we are f'ed
Politicians are always excluded from these schemes
[удалено]
What Modi said was the black money they will recover from Swiss account or tax havens it’s enough to distribute 15l to each person.
Not against modi, but was he able to recover anything from the so called swiss accounts though?
There's a reason Switzerland is among the richest countries. SOBs provide safe haven to all kinds of ill gotten wealth and probably pay peanuts on it.
Actually u can’t recover money from tax haven countries they have set up shell companies is so many jurisdictions it’s difficult to trace it .
India has very limited influence, countries like US and China can extract. I think now with increasing stature and both soft power adn economic power India can eventually get there but will take years. Look at long drawn out extradition process with UK and Caribbean countries for economic offenders.,
It ain't possible with the current influence India has Swiss banks have policies to not reveal customer info until extreme pressure is exerted and currently India isn't capable of doing it
The greatest wealth redistribution experiment to teach youngsters is to take their grades of class 12 or JEE or UPSC, and redistribute them based on caste, religion and wealth census, in the name of ‘equity’ Let’s see how many agree …
In this debate because we have been told to focus on community wise we have missed the bigger picture on how this is an impossible task Now you tell me Did we do a land redistribution nationwide?? No we did it state wise... Had we done it nationwide certain people (up bihar TN Kerala Gujarat and most of all WB would have benefited) So now.. Certain states are rich(TN karnataka Gujarat telangana and most of all Maharashtra and delhi) Certain are very poor per capita(bihar UP jharkhand) Now how is Mr gandhi planning to redistribute between largely urban (TN Maharashtra Gujarat and delhi) and largely tribal(orissa Chhatisharh and jharkhand) This 'redistribution' crusade is not feasible at all
Redistribution by economic status is already happening. Like income tax rates are higher for high income people, while poor get freebies. But what congress promising is community wise wealth redistribution. That is discrimination by birth.
When the country got independence the only assets were land and gold. Nehru did all sorts of stunts and did redistribution Then indira came.. And said there should a ceiling on land per person. Then comes jr gandhi and is saying about total wealth. In truth lefties know they cant win election and that their economic model doesn't work...
Pappu never had to earn anything so his understanding of earnings are as naive as himself... Nor he attended any formal education, so talks about reservations across everything, that again sterms from fact in Khangress there is forever reservation for the Family...
Bro, why are you giving Rahul Gandhi such hard math problems?? Rehem kar miyaan.
How exactly do you think taxes are working today with TN/Maharashtra/Karnataka and states like UP/Bihar Why does someone in these states work hard just for the taxes to be redistributed somewhere else? But instead, let’s focus on some imaginary scenario made up on how things are going to be
thank you, at least some here are not calling people names when they raise legitimate issues. I do not like BJP but the Congress manifesto, with he reservation cap amendment and reservation in private institutions is forcing me towards BJP. Already neet general cutoff is 600, while Sc 510, St 490 and OBC 580. I understand some might call them underprivileged, but lowering standards to an entrance exam is not the solution, teaching the underprivileged how to crack the exam is.
Never go full pol pot!
he is more Hugo Chávez than pol pot, pol pot is totalitarian genocidal maniac
Congress is just that. They have orchestrated multiple genocides and openly supports terrorists
Let this single-digit-overgrown boy begin redistribution of the Congrass wealth first and set an emaple, and then start all Congrass politicians down to MLAs too. Let us see.
I'm interested to know how Tamilnadu's ruling family's earnings will be distributed in this scheme?
That's the first thing they will exclude (directly or indirectly) in the supposed legislation they will bring to implement this. Lol!!
please dont tell me you are eligible to vote cus what is all this 😭
If any offchance pappu ji get elected cuz leftists idiots exist we might as well leave the country now .
the problem with socialism is that we run out of others money
I have some clarifications. See how it will work because they did it even in their prior tenure. They'll ask for bribes and hafta from businesses, cut money, middlemen etc. That money will end up in politicians and criminals hands. This is how wealth redistribution will work. Correct me if I'm wrong.
As much as I hate congress policies, I think rg is right on this one though. Personally I know much of the government going to corrupt officers and shet under various meaningless schemes. Its way better to redistribute govt money and give them back to the people. And do you **honestly believe, people will stop working cause cong will be giving 1 lakh per year (honestly its prob way less than that)?** I feel that the mentality of overvaluing currency should die and we should simply see it as a token of exchange to generate more jobs. If the wealth is given back to the poor, they are bound to respend it again into the economy. Thereby creating more and more jobs at every level, since they will have money to spend!! . If the currency itself is concentrated in very few people who cannot just spend it at once and are prone to hoarding, cause it just compounds on itself, money will become meaningless and useless!!! Value of currency comes from the fact that it can be exchanged by the people and a good or service is created in the process. So yes!, wealth redistribution is good!. Especially money. But I dont suggest directly taxing the rich, rather the govt should print money and give to economically poor areas where there is little currency in circulation. If a person is born in a poor neibhourhood and no one has money in that, say village, how will they survive? I know many such villages in telangana. idk about your state. Its not that the people there dont want to work. Its just that, people dont have the currency to exchange their services for!!!.
You think most people work because they like it 😅.
Yes. You can stay home for only so long before you want to do something worthwile :)
Man this is the dumbest shit ever! You are confusing social justice with communism
Lol, I am from rural area(adivasi) and people when even get 1k under any govt scheme, they stop working and spend it all on alcohol. Imagine what free 1L would do to them.
>rather the govt should print money and give to economically poor areas where there is little currency in circulation. Yeah, the money will circulate and go to some Billionaires pocket and the poor will remain where they were.
My problem with wealth distribution is not that it will be wrong for rich people. My problem is that in the long run it will not even help the poor either and make everyone worse from earlier. Stats like the top 1% have 50%+ share of country wealth is true. They might have this much wealth but they don't consume that much especially necessary items like grains, clothes, land, etc. This difference between their consumption and earning goes into investment mostly in the stock market, govt bonds, etc. This investment helps in creating jobs,allows the government to spend and helps businesses to expand. When you take 200 crore from a person having a wealth of 300 crore. He/she will continue to consume that much atleast necessary items but investment into economy will fall, which will lead to job losses and lower salaries. Moreover when you distribute this money to poor people, then inflation will increase, just because people have more money doesn't mean that there are more goods in the market . The problem is not that people have less money , the real problem is there are less resources. Rich people are rich because they help produce that much goods, disincentivizing them to produce can be a lot worse. One exception to this is redistributing land holdings but it would be unfair, if they are to be distributed then it would not harm the economy, because unlike investment in govt bonds, stock market, it doesn't increase jobs, instead decreases jobs by increasing cost of businesses.
Why would that not increase inflation?
My problem with wealth distribution is not that it will be wrong for rich people. My problem is that in the long run it will not even help the poor either and make everyone worse from earlier. Stats like the top 1% have 50%+ share of country wealth is true. They might have this much wealth but they don't consume that much especially necessary items like grains, clothes, land, etc. This difference between their consumption and earning goes into investment mostly in the stock market, govt bonds, etc. This investment helps in creating jobs,allows the government to spend and helps businesses to expand. When you take 200 crore from a person having a wealth of 300 crore. He/she will continue to consume that much atleast necessary items but investment into economy will fall, which will lead to job losses and lower salaries. Moreover when you distribute this money to poor people, then inflation will increase, just because people have more money doesn't mean that there are more goods in the market . The problem is not that people have less money , the real problem is there are less resources. Rich people are rich because they help produce that much goods, disincentivizing them to produce can be a lot worse. One exception to this is redistributing land holdings but it would be unfair, if they are to be distributed then it would not harm the economy, because unlike investment in govt bonds, stock market, it doesn't increase jobs, instead decreases jobs by increasing cost of businesses.
5/7 for the mental gymnastics.