“Government's view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidise it” - Ronald Regan.
Coming from a seasoned politican, this quote is amazingly honest. Funny as it may seem, it is also the hard truth. For almost 60 years, Indian government has been actively working for social and economic equality and bridging the divide. Thousands of Crores of public money has been spent on public administration and social welfare schemes of which I too am a beneficiary and am also a contributor to the funds.
Even after such magnanamous effort by the Government, the results often leave a lot to be desired. Why do so many well-intentioned plans fail to impress? Are we funding the wrong cause?
The following are a series of blogs is an attempt to understand of our economy.
. Money, Government and Tax
. Group appeasement vs Individual (Rajas of Free India)
. Pro-Poor vs Poverty
. Hijack of Basic ameneties
. Cost and Subsidy
. Price Rise, Demand and Housing
. Rich-Poor gap and Power struggle