India's INTELLIGENT Finance Minister Taxes like Sweden & serves like Afghanistan | India's Tax Fraud

Summary

The speaker passionately addresses India's taxation system, criticizing its over-reliance on indirect taxes that disproportionately affect the poor and middle class. They argue that the majority's misconception that they pay no taxes undermines democratic accountability. The script calls for a wider tax base, reduced indirect taxes, and a more critical public engagement with government policies to ensure better representation and quality of life.

Takeaways

• 🗣️ The speaker emphasizes the importance of critical analysis of government work and active political participation to avoid being governed by inferiors.
• 🌐 The principle of 'no taxation without representation' is highlighted as a foundational element of modern democratic systems, influencing government spending decisions.
• 💥 The speaker warns of the potential for daily riots if the quality of life, including jobs, clean air, and a fair taxation structure, is not prioritized by the leadership.
• 💼 The middle class in India is squeezed by a narrow direct tax base, which forces the government to rely heavily on indirect taxes, impacting all consumers regardless of income.
• 💡 The script points out the irony that while many Indians believe they pay no taxes, they are in fact burdened by indirect taxes, which are regressive and affect the poor and middle class disproportionately.
• 🏭 The speaker criticizes the government's lack of incentive to provide basic services like clean air, leading to the middle class resorting to buying air purifiers, potentially creating a billion-dollar industry.
• 🏠 The high taxes on property purchases, including stamp duty and GST, make it difficult for individuals with limited resources to buy homes.
• 📉 The script discusses the negative impact of tax policies on the stock market, where the government's earnings from various taxes can exceed the profits of retail investors.
• 📊 The reliance on indirect taxes is identified as a major issue, as it leads to an overburden on the poor and middle class and contributes to the high cost of daily commodities.
• 🤔 The speaker calls for a wider tax base and a reduction in indirect taxes to strengthen democratic structures and encourage citizens to hold the government accountable for its spending.
• 📚 The script criticizes the ignorance and arrogance of some Indians who believe that income tax is the only tax and fail to recognize the impact of indirect taxes on their lives.

Q & A

What is the main issue discussed in the video script regarding the Indian government and its people?

The main issue discussed is the over-reliance on indirect taxes in India, which affects all income groups, and the lack of awareness among the majority of the population about the various forms of taxation they are subjected to.

Why is the speaker concerned about the 'narrow tax base' in India?

The speaker is concerned because a narrow tax base forces the government to squeeze the middle class and the poor, leading to a lack of accountability and a weak democratic structure.

What does the speaker mean by 'no taxation without representation'?

The phrase refers to the principle that citizens should not be taxed without having a say in how the tax revenue is used, which is a fundamental aspect of democratic systems.

Why does the speaker believe that the majority of Indians are not aware of the taxes they pay?

The speaker believes this is due to misinformation, lack of education on tax matters, and the reliance on indirect taxes which are not as visible or well-understood as direct taxes.

What is the impact of indirect taxes on the poor and middle class in India according to the script?

Indirect taxes, such as GST and various other cesses, are regressive and impact all consumers regardless of their income, making life difficult for the poor and middle class.

What is the speaker's view on the role of the government in providing services like clean air and quality education?

The speaker criticizes the government for not providing essential services like clean air and quality education, and instead taxing the people further, which is a sign of a lack of care for the citizens.

Why does the speaker argue that the Indian government should not rely on indirect taxes alone?

The speaker argues that relying solely on indirect taxes is detrimental because it is a regressive form of taxation that disproportionately affects the poor and middle class, and it also undermines the democratic principle of accountability.

What is the speaker's opinion on the use of state resources for private gains?

The speaker is critical of the use of state resources for private gains, citing examples such as the Indian Air Force being used for a private wedding, which he sees as a misuse of public resources.

What does the speaker suggest as a solution to the current tax structure in India?

The speaker suggests widening the tax base, reducing reliance on indirect taxes, and increasing the awareness among citizens about the various forms of taxation to promote accountability and improve democratic structures.

How does the speaker describe the attitude of the majority of Indians towards paying taxes?

The speaker describes the attitude as one of ignorance and arrogance, with many believing they do not pay taxes or that income tax is the only form of taxation, which leads to a lack of demand for accountability from the government.

What is the speaker's view on the role of education and media in shaping public understanding of taxes?

The speaker criticizes the reliance on unverified sources of information like WhatsApp University and YouTube for education, stating that they can lead to misinformation and a lack of critical analysis of the government's work.

Outlines

00:00

🗳️ Political Manifestations and Taxation Issues

The speaker emphasizes the importance of political engagement and critical analysis of government actions. They argue that a leader's success is a reflection of the people's desires, warning of potential unrest if the focus is on riots rather than quality of life. The speaker criticizes the Indian taxation system, highlighting the burden on the middle class and the lack of services provided in return. They discuss the principle of 'no taxation without representation,' the taxation of severance checks, and the regressive nature of indirect taxes, which affect all consumers regardless of income. The speaker also points out the irony of a large portion of India's population not paying income tax, yet still being subject to various forms of taxation, contributing to a narrow tax base and potential tax fraud.

05:00

😤 The Arrogance and Ignorance in Tax Perception

This paragraph addresses the ignorance and arrogance of some Indians who are misinformed about the tax system. The speaker refutes the belief that only the rich pay taxes, pointing out that even the poor contribute through indirect taxes, which are regressive and affect everyone equally. They discuss the consequences of a narrow tax base, which forces the government to rely on indirect taxes, making daily commodities expensive. The speaker also criticizes the lack of political and economic understanding among the public, which leads to weak democratic structures and a lack of accountability from the government. They argue that a wider tax base is necessary for a stronger democracy and better government services.

10:03

🏦 The Impact of Tax Policies on the Middle Class and Beyond

The speaker discusses the negative impact of current tax policies on the middle class and the wealthy, using examples such as the taxation of severance checks and the high cost of buying a house in Bombay. They argue that the middle class is doubly burdened by income tax and indirect taxes, while the wealthy can easily avoid these burdens. The speaker also criticizes the government's use of state resources for private gains, as exemplified by the Indian Air Force's involvement in a private wedding. They call for a change in tax policies to reduce the reliance on indirect taxes and to prevent the brainwashing effects of misinformation from sources like WhatsApp University and YouTube. The speaker concludes by urging people to think beyond party politics and to consider the long-term benefits of a wider tax base for the country.

Keywords

💡Quality of Life

Quality of life refers to the general well-being of individuals and societies, encompassing aspects such as health, comfort, and happiness. In the video's context, it is a priority for the people of India, who are seeking improvements in their living conditions. The script mentions that when people prioritize quality of life, it will lead to positive changes in India.

💡Critical Analysis

Critical analysis is the process of evaluating and interpreting information or arguments in a thoughtful and systematic manner. The video emphasizes the importance of critically analyzing the government's work to avoid being governed by inferiors and to hold leaders accountable for their actions and policies.

💡Taxation

Taxation is the compulsory financial charge or some other type of levy imposed upon a taxpayer by a governmental organization. The script discusses the issue of taxation in India, particularly the reliance on indirect taxes, which are regressive and impact all consumers regardless of income, leading to a narrow tax base and squeezing the middle and poor classes.

💡Representation

Representation in a political context refers to the act of being represented in a legislative body or by an elected official. The video references the principle of 'no taxation without representation,' highlighting the need for citizens to have a voice in how their taxes are spent and the importance of a broad tax base for a healthy democracy.

💡Middle Class

The middle class is a social group that falls between the working class and the upper class in terms of income and social status. The script points out the challenges faced by the Indian middle class, such as high taxes, lack of clean air, and the need to buy air purifiers, illustrating the impact of taxation policies on this demographic.

💡Indirect Taxes

Indirect taxes are levies collected by an intermediary from the person who bears the economic burden of the tax. The video script criticizes India's over-reliance on indirect taxes like GST, road tax, and fuel tax, which are regressive and affect the poor and middle class disproportionately.

💡Accountability

Accountability refers to the obligation of individuals, organizations, or governments to report on and be responsible for their actions. The video argues that a wider tax base would lead to greater accountability from the government, as more citizens would feel the impact of taxation and demand transparency in government spending.

💡Social Contract

The social contract is a philosophical concept that describes the relationship between individuals and their government, suggesting that citizens agree to abide by the government's rules in exchange for protection and services. The video discusses the importance of this concept in ensuring that citizens feel invested in their government and hold it accountable.

💡Narrow Tax Base

A narrow tax base refers to a limited number of taxpayers or a limited range of taxable goods and services. The script argues that India's narrow tax base is problematic because it forces the government to rely heavily on indirect taxes, which in turn puts a financial strain on the middle and poor classes.

💡Income Tax

Income tax is a tax imposed on individuals' or entities' income, which is a direct tax. The video script points out that a misconception among many Indians is that only the rich pay income tax, while in reality, indirect taxes affect everyone, regardless of income level.

💡Democracy

Democracy is a system of government where power is vested in the people, who can elect representatives to make decisions on their behalf. The video emphasizes the importance of a broad tax base for a strong democracy, as it ensures that citizens feel invested in the government's actions and can hold it accountable.

Highlights

The speaker emphasizes the importance of critical analysis of government work and the dangers of political apathy.

A call to action for citizens to demand better quality of life, including jobs, clean air, and fair taxation.

The principle of 'no taxation without representation' is highlighted as a cornerstone of modern democratic systems.

Criticisms of the Indian taxation system, particularly the over-reliance on indirect taxes which disproportionately affect the poor and middle class.

The issue of only 4.8% of India's population paying income tax, leading to a narrow tax base and increased indirect tax burden.

The impact of indirect taxes on daily commodities, making life expensive for Indians regardless of income.

The speaker argues that the lack of broad tax participation weakens democratic structures and accountability.

The assertion that the government's use of state resources for private gains is a significant problem in India.

The potential for a billion-dollar industry in air purifiers due to the lack of clean air provided by the government.

The need for a wider tax base to strengthen democracy and ensure better government services.

The speaker's concern over the arrogance and ignorance of some citizens who fail to recognize the impact of indirect taxes.

The potential for a brainwashed population due to reliance on social media and lack of critical thinking about taxation.

The idea that the rich can easily avoid taxes and government accountability by moving abroad or obtaining foreign residency.

The speaker's personal commitment to work hard for the benefit of the country, beyond personal credibility.

The urgent need for change in India's taxation policies to prevent further economic and social damage.

The importance of thinking beyond party politics and considering the long-term interests of India.

The role of technology in identifying and taxing high earners, and the potential for increased government revenue.

The final call for citizens to critically analyze government actions and to stand for the right things in life.

Transcripts

I've said this in the past leader on top

is nothing but the manifestation of you

if you want riots on daily basis leader

will ensure the best riots in the

history of our country but the day

people of India when they start asking

for quality of life leader on top will

ensure that you get that the day people

of India make jobs clean air taxation

structure their priority India will

change and that India will change for

the better it is our duty to ensure that

more people learn to critically analyze

the work of the government because if

you stay aloof from politics you will

always end up being governed by your

inferiors so please have this point to

stand for right things in life the

principle of no taxation without

representation has influenced all modern

democratic systems you will survive and

you will live for the government and the

moment you lose your job what will

government do will government come to

your rescue Will the government provide

your your kids high quality education or

high quality healthare in India even the

severance check it is taxed how can you

tax that the person just lost a job

instead of providing assistance in

finding a job or helping that person

survive through hard times or taxing him

further from the severance check because

the middle class will pay their income

tax whenever they earn they will pay tax

on the investment capital gains tax they

will pay tax on the air that they will

breathe because government will have no

incentive to provide them services not

even clean air to breathe middle class

in India is buying air purifiers it's

going to become a billion dollar

industry air purifiers what is the need

because governments do not care about

you and why should they this fact that

95% of IND India does not pay income tax

it's a dangerous thing no one will make

this a political issue but it just has

to be a political issue it ruins the

poor class the middle class and Rich

will off course they will fly GST Road

tax fuel SS entertainment tax SW bat SS

education SS so on so forth and go on

and on India has incredibly narrow

Direct Tax space and this is from where

the tax fraud in India begins it is this

narrow tax space that forces the

government to squeeze the middle class

and also the poor class and I will tell

you how that happen

when we are putting a trade for retail

investor we are putting number you're

attracting number of taxes cgst igst

stem Duty St long-term capital gain tax

so today government of India is earning

more than the broker I'm investing

everything I am taking whole lot of risk

and government of India is taking away

entire profit of mine you are my

sleeping partner I am a working partner

with my finance my risk my staff

everything so what do you want to say on

this in Bombay today if anybody wants to

buy a house is a nightmare because I

paying tax I have white money now we

have to pay everything by check Mr Loa

will not accept cash so my bank balance

is purely after paying all taxes to

government of India again when I'm

buying a house I have I have to pay

stamp Duty I have to pay GST so that

amounts to 11% in a city of Bombay and

I'm buying a house 11% goes out of my

pocket towards purchase of house so what

do you how you will assist a

small person with limited resources to

buy a house and how a broker can

function with holds of taxes where

government of India is my sleeping

partner and I a working partner with no

income sorry I told sh I have no answer

for that but a sleeping partner cannot

answer sitting here

let me show you a screenshot this is one

of the comments that I received on my

YouTube I have never met this guy so I

don't know why he's calling me Pro but

uh let's read through it proportion of

tax income tax whatever I think a few

days ago my team uploaded a video on it

had a theme to it an underlying theme

that why is everything so so expensive

in India and how everyone is in India is

being taxed one of the biggest ills of

India is India's over Reliance on

indirect taxes why because IND D taxes

are regressive in nature Amani G and

Amani G's driver they will pay the same

tax if they were to buy toffee for their

kids they both will pay the same 12% GST

if they were to buy packaged ghee or

kitchen they both will pay 18% GST if

they were to enroll in an online CS but

the impact that tax will have on Amani's

driver will be much more than the impact

it will have on Ambani so this is the

biggest ill in my mind in India India's

over Reliance on indirect taxes but why

because they're aggressive at a

foundational level until that time when

I read that comment and there are many

such comments I thought the biggest ill

for India is India's over Reliance on

indirect taxes GST Road tax fuel SS

entertainment tax SW bat SS education SS

so on so forth and go on and on these

cesses these indirect taxes they are

regressive because they impact all the

consumers regardless of income that was

the biggest ill I thought but I was

wrong the biggest ill in India is the

utter arrogance combined with utter

ignorance of some of the people of my

country and that is a sad reality that

we live in they have already formed

their biases and they will never change

their biases people of my country they

legit think with utmost arrogance utmost

ignorance as you could see in that

screenshot how can poor people pay tax

they don't have income there's no income

tax you should watch whatever videos

this is another problem over Reliance on

YouTube for any kind of education

content free education is not always

good you have to look at the source look

at the author analyze the credibility of

the author a person believed that income

tax is the only tax in India and with

that he formed a conclusion income tax

is one of the many direct taxes and then

you have slew of indirect taxes only

4.8% of India's total population pays

income tax that's it and I'm not quoting

any random Source I'm quoting the

government's own source economic Survey

of India India has incredibly narrow

Direct Tax space and this is from where

the tax fraud in India begins it is this

narrow tax space that forces the

government to squeeze the middle class

and also the poor class and I will tell

you how that happens and by middle class

I mean even those folks who run small

msmes or perhaps work in management

consulting or infosis or whatever jobs

they do but let's talk about this point

you know poor don't pay tax how can you

you know income tax is paid only by the

rich you may not pay income tax but you

are paying unscrupulous amount of

indirect tax and over Reliance on this

indirect tax in India is making life of

an Indian as hell you will be surprised

to know that petrol prices in Pakistan

are less than what we have in India why

because government has no option if 95%

of India is supposedly a free rider and

I'm using the word supposedly the

government will have to rely on indirect

taxes because government needs money to

function and that is why your daily

Commodities are expensive and will keep

on getting expensive given your per

capita income standards I've said this

time and again people of India should

realize indirect taxes by their very

nature are regressive not just that one

of the biggest ills is this narrow tax

based policy 95% of India wrongly thinks

that they pay no tax that income tax is

the only tax in the world just saw a

screenshot astounded that is what people

of India think and this is one person

who has the internet who has the time

who has the ability to comprehend

English and that is what they're

commenting and if they don't pay tax

that translates down to weak Democratic

structures why why does that happen

because when individuals believe that

they are not paying taxes they will feel

less invested in how government's fund

are used that's the reason why West

Asian autocracies or monarchies or

whatever they don't tax their citizens

otherwise citizens will demand

accountability what is happening with my

money they will ask this question this

is the Playbook that even our government

is also shamelessly deploying un

employing and that is fine my concern is

people of India they don't question this

95% of India will not scrutinize the

government they will not demand any

accountability on how tax revenue is

spent why because they think they do not

pay any tax see Zero income tax for US

income tax is the only tax in the world

what is the fundamental problem here the

fundamental problem is around the

concept of social contract what is this

social contract something that he saw in

the age of American Revolution no

taxation without representation just

reverse that how will you hold your

representatives accountable if you think

you don't pay any tax forget about how

why would you hold them accountable if

you're getting things for free or if

you're made to believe that something is

offered free to you why would you

question that and by the way in true

honesty nothing in this world is free of

cost if I want the names of 100 Misfits

in the upsc PDF next year there is a

reason because my personal reason my

credibility will be on the line and that

is why that will force me to work

extremely hard every day this feature of

narrow tax Bas in India it is a

devastating feature not just for the

poor of India it's dangerous for them

because they are going to be taxed

indirectly but it's also devastating for

middle class because the middle class

will pay their income tax whenever they

earn they will pay tax on the investment

capital gains tax they will will pay tax

on the air that they will breathe

because government will have no

incentive to provide them services not

even clean air to breathe middle class

in India is buying air purifiers it's

going to become a billion dollar

industry air purifiers what do the need

because governments do not care about

you and why should they because you are

less than 5% your voice does not even

matter you will survive and you will

live for the government and the moment

you lose your job what will government

do will government come to your rescue

Will the government provide your your

kids high quality education or high

quality Healthcare in India even the

severance check it is taxed how can you

tax that the person just lost a job

instead of providing assistance in

finding a job or helping that person

survive through hard times or taxing him

further from the severance check and

that person will not say a thing why

because brainwashed whatsap University

YouTube these are our sources of

Education never had a picked up a book

in my life and sadly middle class don't

even have time to participate in

politics forget about participating in

politics middle class has no time to

even learn about politics a person

commenting with ignorance and arrogance

on my YouTube in all likelihood he would

be from that middle class access to

Internet understand English and has the

audacity to confidently say that you are

wrong India does not have high taxes

because people don't pay taxes only some

people pay tax that's the state of

middle class instead of questioning the

system or raising their voice or sharing

this thought they will question the

messenger what have you done and because

of this wealthy will keep on thriving

the middle class the poor middle class

will keep on slugging in return they

will get absolute abolutely zero

Services because they will never hold

the government accountable the ambanis

and the Adis for whom you're becoming

spokesperson these days they can buy

golden passports very easily Amani's

grandson born in the US there was a

massive wedding in Jam nagar do you know

who handled the air activity Indian Air

Force at the request of India's defense

secretary the chief of air staff

authorized Round the Clock operations at

the jam nagar Air Base to facilitate

wearing do you know who they hired to

construct roads local contractors no

Indian Air Force I'm not kidding

publicly available information that's

the reality it's called Indian Air Force

not Amani's Air Force but today there's

no distinction why are Indian Air Force

personnels why are they constructing

roads pit stops taxi trucks for a

wedding are the wedding planners now

apparently there were shortage of

Manpower provided by the Reliance who

stepped in Indian Air Force same thing

happened in guer funny part is majority

of Indians will tell me so what see what

Amani achieved for Jam nagar Global City

since 1947 this is a mindset that will

ruin that has ruined the country where

you fail to even see the usage of

state's resources for private gains this

is something that got caught because

it's such a massive Affair what about

the areas and issues that are hidden

from public for things that are in the

public you don't question that and just

a few days ago we saw a video how

District collector harassed a covid

surgeon in arunachal Pradesh on his

sister's wedding because they can harass

middle class at will they have the state

license to do so and to be honest

Indians deserve this treatment why

because for them the most important

issue is what mid Mand non W food in sa

and Aman's wedding is not alone sing his

daughter's wedding Indian Air Force

again was engaged widen the tax Bas this

will ensure better quality of services

because people will then hold their

government accountable they will

question the government that my tax

money just went some per of my salary

just went to the government what has it

done but if 95% of India does not feel

do not feel the pain how will the

question why will they question widen

the t space it will strengthen the

fabric of democracy but governments will

not do it why because they are smart

they do not want to be held accountable

but most importantly the people of India

will never ask why because they are the

first order thinkers some are negative

order thinkers can't even think in first

orders widen the tax space reduce a

component of indirect taxes do not

forther squeeze the middle class and

what will happen to India if 5% of India

also leaves the country Millions have

already left it a settling in Singapore

UAE other parts of the world in fact a

foreign minister son not an Indian he's

a foreigner and he's smart because he

knows there's no point living amongst

watch up University graduates these tax

exemptions for everything would be a

smart political move but economically

can ruin the country we have to change

this and this change will be hard but we

have to take a stance that may not be

popular those stances will be in the

benefit of my country not specific

political parties and we have to think

Beyond Party politics think of India

without biases I've said this in the

past leader on top is nothing but the

manifestation of you if you want riots

on daily basis leader will ensure the

best riots in the history history of our

country but the day people of India when

they start asking for quality of life

leader on top will ensure that you get

that the day people of India make jobs

clean air taxation structure their

priority India will change and that

India will change for the better it is

our duty to ensure that more people

learn to critically analyze the work of

the government because if you stay aloof

from politics you will always end up

being governed by your inferiors so

please have this point to stand for

right things in life the principle of no

taxation without representation has

influenced all modern democratic systems

taxes government spending decisions they

are to be made by those who are

accountable to the voters today

technology has made things very easy for

the government how they are using AI to

see who earned more than 2C let's tax

them penalize them ask for the Total

Bond the leveraging MLA in identifying

those spikes and revenues of certain

msmes so this fact that 95% of India

does not pay income tax it's a danger

thing no one will make this a political

issue but it just has to be a political

issue it ruins the poor class the middle

class and the rich will of course they

will fly they're doing at already at

scale weard koh's residency in London

proper residency the new Kid born in

London benefits are there it is in this

context let's talk more about money Bill