India's INTELLIGENT Finance Minister Taxes like Sweden & serves like Afghanistan | India's Tax Fraud
Summary
TLDRThe 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
🗳️ 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.
😤 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.
🏦 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.
Mindmap
Keywords
💡Quality of Life
💡Critical Analysis
💡Taxation
💡Representation
💡Middle Class
💡Indirect Taxes
💡Accountability
💡Social Contract
💡Narrow Tax Base
💡Income Tax
💡Democracy
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
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