Need to abolish income tax completely for economy to boom: Subramanian Swamy

BJP MP #SubramanianSwamy said the less said about #NirmalaSitharaman, the better at #ThinkEdu2020. #IncomeTax #Budget2020
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[@ankitchoudhary9563]

In future if we were gonna talk about Bjp’s failures they we always gonna say that bjp had a chance if Subramanian swamy became finance minister

[@chakrapaniveeraraghavan5409]

Correctly said.. income tax is wasteful exercise and uneconomical.. GST to be streamlined to affordability rationally. Income tax leads to corruptions and evasions.

[@SaiTeja-zi4uc]

Why isn't he in government, this legendary human should be the chief advisor on all Economic policies.

[@pranavkatarias]

True, young Indians should not be taxed.

[@NidheeshGopalan]

This was one of the manifesto in the year 2014 that Modi had promised. And, we are still discussing this? What happened to the 'Income Tax Abolishment' plan that was supposed to be ready and executable after the 2014/15 elections? Sir Subramanian Swamy with great due respect please do abolish this ridiculous income tax as the FDI's and other investments will increase and there by increase the job opportunities. You are the only hope sir amongst all the devils in BJP. Wish you were our PM.

[@srinivasansrini1717]

PERSONAL INCOME TAX CAN BE ABOLISHED. NO HARM WILL HAPPEN

[@jayanchada859]

What about loan waiver of farmers debt- does it help in economic growth. Why is no one talking about it

[@gabbar51ngh]

That's for vote banks politics

[@gyanenduprabhat2954]

Just think about the salaries and perks received by corrupt political leaders

[@funshukwandru3698]

Indeed sir...

[@haranmit]

Sir upto 10 lakhs three should be no income tax.. Indian economy will grow 10 times...

[@mgharia999]

This Rule is Today also ... R U Not aware ? There is no need of Income Tax

[@haranmit]

@@mgharia999 that is not upto 10 lakhs just 5 lakhs...

[@alokranjanmishra3088]

Need to abolish income tax completely for an economy to boom. Indian Economy is 3rd Rank in GDP - PPP & GDP Nominal 7th(Close to 5 & 6) Rank. Increase FD interest Rate by 9 %. Get revenue from FD Tax + others share market tax as once people will have more money , will play with money & GST + Licenses + Corporate tax is enough

[@surajghosh882]

He is absolutely correct

[@rssbasdf]

Wishful, this could be part of 2022 budget.

[@baibhabmahapatra744]

Ridiculous.. tax slab can be increased.. but people earning 50 lakhs not paying income tax is too much

[@depanjannath]

I agree with income tax but how will banking function if loans are disbursed at the same rate as cost of capital from FDs.Not all banks have high CASAs and with this move CASA will definitely come down

[@manishsonik]

. People should just understand now what BJP have done & what further they can do....Great Work. Just one thing is Income tax should be reduced to 0 for Hindus. As distinction was done in 1947 based on caste, so income tax benefits to be given as some benefits for Hindus.

[@milidas9381]

Everything should be open everyone should be thriving

[@dollyrathod5188]

💐🥀💐

[@rajeshshah6568]

Pl pl pl pl abolish income tax and introduce BTT AND TOT TAX

[@jobbankin]

Mr Swamy's said Correct without Fearing Modi

[@saivignesh837]

He has phd in economics from harvard. I in no way qualify to argue on that BUT In my opinion human beings are not like machines or some data to manipulate. When making policy or economical changes one really needs to factor the basic psychology of human beings. He thinks if income tax is abolished 6 (Since govt gets revenue from gst), now more money in people's hands and hence now raise gst and and now govt will get more revenue. Income tax payment can be dodged with cash dealings but gst its hard to pay less becoz then we cannot get that goods or that service. This is basicslly encouraging more spending based on the idea that with more money people will spend more. But people will not. Once basic needs are met( with little more luxury) and then yes during the initial stages there will be increased consumption as more money on hand, but then beyond a point it will slump and people only have the tendency to hoard more and stash it away more buying more real estate and gold. People can consume only so much. If its also with the idea new businesses will start. Yes it will happen for a while and india can show on paper lot more new msme business opened but it would be hard for them to survive and compete with big players taking all the big cut. Assuming More consumption, more money in people's hands - even more exploding population to cater too. More business gets success, more growth and again more population. India should focus on population control as highest priority than always talking about growth gdp. This guy is a brilliant idiot (oxymoron)

[@akshai.r6567]

🤔where is our tax money going??

[@milidas9381]

Abolish taxes binary codes nesera gesera

[@rohitmaheshwari5198]

I think income tax shud be abolished and tax per person shud be there. So ni one reproduce like cockroaches and per person tax shud be min 50 thousand. Rest shud not reproduce.

[@mgharia999]

Population is the only Strength of India

[@indobalkanizer6557]

The bigger the govt the worse it is for economy and taxes are the best way for govt to meddle in our lives. Free market is the only way, govt and RBI can't do shit in economics even when they bring Swamy

[@milidas9381]

Freedom of speech to say whatever the fuck we want

[@rajsrivastav6940]

it is extremely sad that this govt has not made this man the finance minister....our jumlaman has no brains...

[@aadrath1236]

I somewhat agree to this.. although I belive that where the extra money is spent by the people must be regulated by the govt. Not like I will go and buy prime real estate in the sub-urbs of a European country. This way we can turn this into an effecient sort of a Proxy Universal Basic Income scheme. I'm against their ideology but if they are serious abt this; then I for one is all game 👍

[@adrrpa168]

And how are you going to collect revenue mr swamy

[@rathnakarerukulla6667]

By giving licenses to mines

[@ujwalmokashi6702]

People will spend the income tax which they have to pay to govt. When people will buy something GST will go to govt. Companies will make profit. Companies will pay taxes. Not sure about how it will work in long run.

[@gabbar51ngh]

Indian government doesnt just collect taxes from income but sales of products and other things too. Don't forget people would spend more, travel more and businesses will grow. Which will benefit Indian government. They will make money from other sources which will get a boost because of this.

[@hannaanmalik2542]

Ujwal Mokashi that’s a very simplistic understanding. 1. Direct taxes form around 55% of governments revenue, loosing on that share will be a huge amount as we already seek to privatise our psu unit 2. Only a minuscule population of ours pays the income tax. They spend money in the economy even now. Giving them free hand on the income tax won’t spur so much spending as they already have a decent life quality with saturation of commodities needed. The left over public doesn’t have that kind of income, to pay the tax. They’re not even in the tax net. Demand has to come from this section, the affluent ones will anyway spend.

[@alokranjanmishra3088]

GST + Licenses + Corporate tax are enough . Indian Economy is 3rd Rank in GDP - PPP and GDP Nominal 7 Rank ( closest differences to 5,67 Rank). Increase FD interest Rate by 9 %. 10 Crore people just place 1 Lakhs in FD per Year ..Just think how much money will get and there is no Tax fraud. Supply & Demand will be increasingly based on condition.

[@milidas9381]

The poorest people pay the higher taxes ucc codes birth certificate billions strawman prepaid common law

[@yashaswirkg]

Nirmala sitarman k kucch palle nai padta.