We read in the lessons of history that we were officially declared free from tyranny of British Govt. on 15th August, 1947. Ask yourself are u free? You have acquired right to educate yourself but politicians1 and government will choose your subjects of study and more than often, governmental education will fail to offer you skills to earn an honest living. No wonder, our higher education system is nothing but voluntary imprisonment. We are paying high taxes to govt. so that it can offer subsidies to businesses where we work to get exploited. We got wonderful business ideas but they cannot be fructified due to restrictions of govt. We are paying heavy installments of home loans for the money to banks that they have acquired free from Reserve Bank. In case you fail to pay any installment you lose the money that you have already paid. Even if we own house we need to pay tax on it to government on annual basis. You can own nothing under government but only own the glory of regular rent payer. We are …Read the Rest
Economics
Why Prices Go High
India is deep down under the spiral of inflation and a lot of explanatory causes for the demon of price rise and inflation have been offered by the government that are nothing more than gimmicks on the name of economic policies of Indian government. Food inflation rate this month is around 11.43% which is much more than normally expected. While inflation is a general problem of any centrally controlled economy which is regulated by the government through a central banking system (such as Indian economy controlled by RBI), no government ever act honest enough to take the responsibility of inflation and the consequential problems that a common man face. Indian UPA government too, while obviously knowing that inflation is because of the wrong monetary policies of government/RBI, never accepts the responsibility rather it tries to offer highly irrational ideas behind the cause of inflation and often blames the common men themselves for the corresponding inflation. While inflation in general is a detrimental process, food inflation particularly hits the common citizens the most. This is because of the fact that everybody …Read the Rest
Tax Evasion in India
The government is a coercive force that exists by means of taxes. It is not very difficult to define or understand taxes, taxes are robbery, there is nothing voluntary about taxes and there is nothing morally good about paying taxes. Yet, government claims that if one doesn’t pay his/her taxes, than he/she is criminal, a thief or tax-evader and such a person must be punished. But what is a tax? A tax is that share of your honestly hard earned money that government assumes that it has a right on it because it actually allowed you to work and earn that money. Now this is ridiculously coercive and exploitative, but such is the world in which we live. We cannot earn without paying a charge for earning and this charge is tax. Now do you realize why a government is no better than the underworld mafia? Yes, even they try to extort money from peaceful hard working people. While government and the underworld mafia work the same, government cannot accept competition from the mafia and hence, it tries to curb …Read the Rest
Committing the Same Economical Mistake
We all know that the US economy is in turmoil again. We know that all stimulus packages and fake Keynesian ideas of helping the economy failed in 2008. Then, the US was suffering high unemployment rate and the government took that opportunity to increase its fiat currency so that liquidity may be attained. Barack Obama introduced those huge stimulus packages for the failed Auto industries and the defaulting banks to save jobs and to resuscitate the economy. However, his decision was wrong. He wasn’t resuscitating the economy; rather he was giving a prolonged life for the economic meltdown of turmoil to breathe a little and comeback again in 2011. Now again, unemployment rate is dwindling and the US government is worried along with FED. They know their magical tricks to print and introduce more fiat currency in the market by means of stimulus and treasury bonds have failed. Yet, they have no idea what to do. The major worry for the government and President Obama is not the dwindling economic condition of the United States, nor is it the ever-increasing …Read the Rest
