Indian Economy is becoming stronger each year. Is it really? I personally do not see any signs of this. Only way I get to know that econonmy is becoming strong is through newpapers and television. Probably that is the reason I have stopped buysing newpapers and never switch on my TV , these days.
Prices of essentially commodities are on rise. Taxes are on rise. And we do not see any improvement in Infrastructure. Where does all the money collected from taxes go? When I was a kid, we used to avail medical services at Govt Hospital. I studied at Govt Schools. Now I can not find any doctor at that particular hospital. If there is a doctor, he will be too busy with more useful stuff. If at all, you manage to get his time, there will be no medicines available at the hospital and you need to buy it outside. The school where I studied has most of the building abandoned. There are not enough teachers. Those who exist, are not competent enough. There is not enough growth in Infrastructure either (I live in Bangalore. If I was in Delhi, probably I would have less crib about infrastructure). Then where does all our tax go? Revenue is increasing but where is it visible? Taxes increase every year. New surcharges are forced. Surcharges have almost become a permanent part of the budget. In recent years, Sales tax, VAT and other taxes have been enforced in addition to the income tax. With all these new taxes, more than 50% of my income goes away in taxes. I slog hard in office, spending 12 hours a day, 6 days a week. I stay away from my families, stay away from my friends. Finally govt robs me of 50% of my income. Where does this money go? In pockets of ministers, Administrative officers, and power brokers? What an irony. All these people enjoy their lives, roam around the globe, get drunkard every day, enjoy company of beautiful looking friends and take away half share of our salaries. And on other hand here we are, slogging our butts in offices for more than half of our lives. What an irony.
Will these tax hikes ever end. There is no transparency in government. Ther is no accountability either. We do not know where our money goes. We can just imagine that it goes to the pockets of these looters. And since the number of looters is increasing every day, I am much worried.
USA govt is likely to annouce tax cuts for a consecutive fifth year. I am sure that if the tax we pay is utilised correctly, even we can have tax cuts. We need for a transparent and accountable administrative system. Will we ever get?
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