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by thrwoer2343423 2075 days ago
The (income) tax base in India is about 5%; they have no voice in the politics of the country unless they are big corps.

In fact, in many ways India can already be said to have UPI. "Farmers" (verified or not, typically rural) have free electricity, fertilizer subsidy, regular loan waivers, ... which were instituted as compensation for a broken market that benefit political cronyism.

This also has the 'benefit' of laundering bribes, without taxes - indeed, a joke about the family of previous Chief Minister of Karnataka (capital: Bengaluru) was that they grew gold in their farms!

1 comments

>The (income) tax base in India is about 5%; they have no voice in the politics of the country unless they are big corps.

Excise on petroleum import affects nearly everyone. I am not only talking about income tax.

Other than this, the soap or detergent or even everyday products we use, contain imported active ingredients and they are taxed at some duty which brings up its price, manufacturer simply adds their own profit margin on top of their costs and passed it onto customers.

Even if most in India have never made payment to customs department, they've still paid considerable sum as indirect duty charged included into product pricing.

If you can just show it to people how much cheaper things will get, they'll give you a chance. This is because Indian voter is very unsophisticated, he will buy your promise atleast once to see if you can really help them by reducing prices.