Comments on: Will India’s Red Tape Protect It From Global Recession? http://sepiamutiny.com/blog/2008/10/26/will_indias_red/ All that flavorful brownness in one savory packet Sat, 30 Nov 2013 11:11:28 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Jayesh http://sepiamutiny.com/blog/2008/10/26/will_indias_red/comment-page-2/#comment-220427 Jayesh Thu, 06 Nov 2008 09:10:44 +0000 http://sepiamutiny.com?p=5483#comment-220427 <p><i>70 · <b>Rahul</b> <a href="http://www.sepiamutiny.com/sepia/archives/005483.html#comment220426">said</a></i></p> <blockquote><i>69 · <b>Jayesh</b> <a href="http://www.sepiamutiny.com/sepia/archives/005483.html#comment220425">said</a></i> <blockquote>Taxation is theft.</blockquote> Oye, <a href="http://www.gocomics.com/features/56/feature_items/390108">Jay the plumberwala</a>, hope all the trickling down is bringing the paisas in till fox moves to india. </blockquote> <p>Interesting comic, Rahul!</p> <p>I didn't understand your comment, though. Do you dispute my statement you quoted?</p> 70 · Rahul said

69 · Jayesh said
Taxation is theft.
Oye, Jay the plumberwala, hope all the trickling down is bringing the paisas in till fox moves to india.

Interesting comic, Rahul!

I didn’t understand your comment, though. Do you dispute my statement you quoted?

]]>
By: Rahul http://sepiamutiny.com/blog/2008/10/26/will_indias_red/comment-page-2/#comment-220426 Rahul Thu, 06 Nov 2008 08:56:22 +0000 http://sepiamutiny.com?p=5483#comment-220426 <p><i>69 · <b>Jayesh</b> <a href="http://www.sepiamutiny.com/sepia/archives/005483.html#comment220425">said</a></i></p> <blockquote>Taxation is theft.</blockquote> <p>Oye, <a href="http://www.gocomics.com/features/56/feature_items/390108">Jay the plumberwala</a>, hope all the trickling down is bringing the paisas in till fox moves to india.</p> 69 · Jayesh said

Taxation is theft.

Oye, Jay the plumberwala, hope all the trickling down is bringing the paisas in till fox moves to india.

]]>
By: Jayesh http://sepiamutiny.com/blog/2008/10/26/will_indias_red/comment-page-2/#comment-220425 Jayesh Thu, 06 Nov 2008 08:07:02 +0000 http://sepiamutiny.com?p=5483#comment-220425 <p><i>55 · <b>Valmiki</b> <a href="http://www.sepiamutiny.com/sepia/archives/005483.html#comment219712">said</a></i></p> <blockquote>taxation is spreading the wealth around. If you got such a problem with spreading the wealth around, you got a problem with taxation.</blockquote> <p>Taxation is theft.</p> <p>That it has the sanction of the "state" no more alters that fact, than calling an under-the-table payment a "service charge" somehow makes it less corrupt.</p> <p>Only someone steeped in communist/socialist dogma would aver that the power of the state was required to "spread" the wealth around. Instead of paying an exorbitant tax rate, an entrepreneur could use that as capital to finance enterprises that generate employment, and "spread" the wealth in a fairer way than "state-Robinhood" ever can - by creating it for oneself and others. The only role for the state should be to create an environment conducive to such investment and facilitate growth, mostly by staying out of the picture and letting the natural desire of all people to better their own lot take its natural course.</p> <p>The "Baniya" state of Gujarat (with the "Maut ka saudagar" at its helm) is currently showing great development. Please find out if this is a result of "taxation to spread the wealth around" or of economic policies aimed at growth.</p> 55 · Valmiki said

taxation is spreading the wealth around. If you got such a problem with spreading the wealth around, you got a problem with taxation.

Taxation is theft.

That it has the sanction of the “state” no more alters that fact, than calling an under-the-table payment a “service charge” somehow makes it less corrupt.

Only someone steeped in communist/socialist dogma would aver that the power of the state was required to “spread” the wealth around. Instead of paying an exorbitant tax rate, an entrepreneur could use that as capital to finance enterprises that generate employment, and “spread” the wealth in a fairer way than “state-Robinhood” ever can – by creating it for oneself and others. The only role for the state should be to create an environment conducive to such investment and facilitate growth, mostly by staying out of the picture and letting the natural desire of all people to better their own lot take its natural course.

The “Baniya” state of Gujarat (with the “Maut ka saudagar” at its helm) is currently showing great development. Please find out if this is a result of “taxation to spread the wealth around” or of economic policies aimed at growth.

]]>
By: Jayesh http://sepiamutiny.com/blog/2008/10/26/will_indias_red/comment-page-2/#comment-220424 Jayesh Thu, 06 Nov 2008 07:36:27 +0000 http://sepiamutiny.com?p=5483#comment-220424 <p><i>48 · <B>Valmiki</B> <a href="http://www.sepiamutiny.com/sepia/archives/005483.html#comment219698">said</a></i></p> <blockquote>Actually only an idiotic defender of the brahminical caste system would deny that this patently false and unfair system deserves much if not most of the blame for India's horrifying conditions.</blockquote> <p>So, Mr. Valmiki, how is it that this evil Brahminical caste system made India one of the richest countries in the world 2 centuries ago, with a quarter of world GDP? Perhaps it was not "Brahminical" enough back then? Perhaps this "myth" about India being rich in the past is just another "Brahmin-Baniya" conspiracy?</p> 48 · Valmiki said

Actually only an idiotic defender of the brahminical caste system would deny that this patently false and unfair system deserves much if not most of the blame for India’s horrifying conditions.

So, Mr. Valmiki, how is it that this evil Brahminical caste system made India one of the richest countries in the world 2 centuries ago, with a quarter of world GDP? Perhaps it was not “Brahminical” enough back then? Perhaps this “myth” about India being rich in the past is just another “Brahmin-Baniya” conspiracy?

]]>
By: Jayesh http://sepiamutiny.com/blog/2008/10/26/will_indias_red/comment-page-2/#comment-220421 Jayesh Thu, 06 Nov 2008 07:24:10 +0000 http://sepiamutiny.com?p=5483#comment-220421 <p><i>30 · <B>San</B> <a href="http://www.sepiamutiny.com/sepia/archives/005483.html#comment219636">said</a></i></p> <blockquote>Dirt poor people in <B style="COLOR: black; BACKGROUND-COLOR: #ffff66">India</B> are <B style="COLOR: black; BACKGROUND-COLOR: #99ff99">not</B> <B style="COLOR: black; BACKGROUND-COLOR: #ff9999">affected</B>, but that does <B style="COLOR: black; BACKGROUND-COLOR: #99ff99">not</B> make it a good thing being dirt poor in the first place. Dirt poor people of <B style="COLOR: black; BACKGROUND-COLOR: #ffff66">India</B> have always reaped the fruits of the Hindu Rate of Growth never keeping up with the ever increasing family. Middle class how ever <B style="COLOR: black; BACKGROUND-COLOR: #a0ffff">will</B> feel the pinch, but with this argument a large part of the Indian population would have been better off being rural farmers at the mercy of the weather god instead of urban middle class depending on Mammon. I'm <B style="COLOR: black; BACKGROUND-COLOR: #99ff99">not</B> convinced! </blockquote> <p>Yes, we all know that when India was growing at 2-3%, it was a "Hindu" rate of growth, but when India grows at 8-9%, that is a "non-Hindu" rate of growth! Perhaps a "secular" rate of growth, Mr. San?</p> 30 · San said

Dirt poor people in India are not affected, but that does not make it a good thing being dirt poor in the first place. Dirt poor people of India have always reaped the fruits of the Hindu Rate of Growth never keeping up with the ever increasing family. Middle class how ever will feel the pinch, but with this argument a large part of the Indian population would have been better off being rural farmers at the mercy of the weather god instead of urban middle class depending on Mammon. I’m not convinced!

Yes, we all know that when India was growing at 2-3%, it was a “Hindu” rate of growth, but when India grows at 8-9%, that is a “non-Hindu” rate of growth! Perhaps a “secular” rate of growth, Mr. San?

]]>
By: riathareja http://sepiamutiny.com/blog/2008/10/26/will_indias_red/comment-page-2/#comment-219942 riathareja Fri, 31 Oct 2008 08:24:28 +0000 http://sepiamutiny.com?p=5483#comment-219942 <p>India has "enormous potential in all its property investment categories". Strong population growth, a large pool of qualified workers, greater integration with the world economy and increasing domestic and foreign investment are fuelling demand for office, retail and residential property. India’s burgeoning middle class will drive up nominal retail sales through 2010 by 10% p.a. At the same time, organised retail is becoming more important. At present organised retail accounts for a mere 3% of the total; by 2010 this share will already have reached 10%.India is the prime destination for IT services outsourcing. In the coming five years, at least 55 million m² of extra office space must be completed in the premium office segment alone. Property investments in India are not risk-free. Market transparency is far behind European or US standards. It is therefore vital for foreign investors to have a professional local partner. The lack of liquidity and upward pressure of pricing remain the main concern within the market.For more view- realtydigest.blogspot.com</p> India has “enormous potential in all its property investment categories”. Strong population growth, a large pool of qualified workers, greater integration with the world economy and increasing domestic and foreign investment are fuelling demand for office, retail and residential property. India’s burgeoning middle class will drive up nominal retail sales through 2010 by 10% p.a. At the same time, organised retail is becoming more important. At present organised retail accounts for a mere 3% of the total; by 2010 this share will already have reached 10%.India is the prime destination for IT services outsourcing. In the coming five years, at least 55 million m² of extra office space must be completed in the premium office segment alone. Property investments in India are not risk-free. Market transparency is far behind European or US standards. It is therefore vital for foreign investors to have a professional local partner. The lack of liquidity and upward pressure of pricing remain the main concern within the market.For more view- realtydigest.blogspot.com

]]>
By: riathareja http://sepiamutiny.com/blog/2008/10/26/will_indias_red/comment-page-2/#comment-219839 riathareja Thu, 30 Oct 2008 12:06:17 +0000 http://sepiamutiny.com?p=5483#comment-219839 <p>The turmoil in the global financial markets has cast its shadow on India’s largest real estate deal. India’s real estate developers, especially the mid-sized ones, have been facing a liquidity crunch since last year. Developers can no longer tap the external commercial borrowing route, while domestic borrowing costs have gone up on account of tight-fisted monetary policy, which is likely to harden further in days to come. In addition, the stock market has taken a beating with real estate stocks falling off their recent highs. Other sources of funding for instance, the London Stock Exchange’s Alternate Investment Market or listing real estate investment trusts abroad are also not feasible in current market conditions.For more view- realtydigest.blogspot.com</p> The turmoil in the global financial markets has cast its shadow on India’s largest real estate deal. India’s real estate developers, especially the mid-sized ones, have been facing a liquidity crunch since last year. Developers can no longer tap the external commercial borrowing route, while domestic borrowing costs have gone up on account of tight-fisted monetary policy, which is likely to harden further in days to come. In addition, the stock market has taken a beating with real estate stocks falling off their recent highs. Other sources of funding for instance, the London Stock Exchange’s Alternate Investment Market or listing real estate investment trusts abroad are also not feasible in current market conditions.For more view- realtydigest.blogspot.com

]]>
By: Nanda Kishore http://sepiamutiny.com/blog/2008/10/26/will_indias_red/comment-page-2/#comment-219835 Nanda Kishore Thu, 30 Oct 2008 10:00:42 +0000 http://sepiamutiny.com?p=5483#comment-219835 <p>NaraVara, I'm sorry, my response in comment 63 should have been addressed to general_category (#60).</p> NaraVara, I’m sorry, my response in comment 63 should have been addressed to general_category (#60).

]]>
By: Nanda Kishore http://sepiamutiny.com/blog/2008/10/26/will_indias_red/comment-page-2/#comment-219834 Nanda Kishore Thu, 30 Oct 2008 09:57:47 +0000 http://sepiamutiny.com?p=5483#comment-219834 <p>NaraVara (#61), my apologies, but I must say you make some blanket assertions that seem like lazy opinions. On Gandhi's role in keeping together, well detractors have an easy response right off the bat - his role in the Khilafat movement and later. I'm not very learned on this myself, but things seem to be rather more complex, as they also seem to be when it comes to the role of 'lower' castes in the freedom struggle. I'm thinking Ambedkar and various tribal movements and that's just what what I can draw upon without google.</p> NaraVara (#61), my apologies, but I must say you make some blanket assertions that seem like lazy opinions. On Gandhi’s role in keeping together, well detractors have an easy response right off the bat – his role in the Khilafat movement and later. I’m not very learned on this myself, but things seem to be rather more complex, as they also seem to be when it comes to the role of ‘lower’ castes in the freedom struggle. I’m thinking Ambedkar and various tribal movements and that’s just what what I can draw upon without google.

]]>
By: Nanda Kishore http://sepiamutiny.com/blog/2008/10/26/will_indias_red/comment-page-2/#comment-219833 Nanda Kishore Thu, 30 Oct 2008 09:45:47 +0000 http://sepiamutiny.com?p=5483#comment-219833 <p>Someone said up the thread..."Don't feed the troll"...</p> <p>So, Valmiki...looks like you've got it all neatly figured out. Good for you. You sound suspiciously like religious zealots who know what they spew is garbage. Yechury does!</p> Someone said up the thread…”Don’t feed the troll”…

So, Valmiki…looks like you’ve got it all neatly figured out. Good for you. You sound suspiciously like religious zealots who know what they spew is garbage. Yechury does!

]]>