Pay HIGHER taxes because of the rising FREEBie culture in India? ft.
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- čas přidán 12. 09. 2024
- ►If the freebie culture is not changed, your taxes will go up. Help yourself by sharing this video:
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A fact: You are paying for those election freebies.
Every microwave, smartphone or free electricity that the government distributes is coming out of your pocket.
Don't believe me?
Watch this video till the end to know the entire picture and what you can do about it.
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Attributions:
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Thumbnail and Video editor: Ayushman Khare
►If the freebie culture is not changed, your taxes will go up. Help yourself by sharing this video:
Use the link to avail 40% discount on filing taxes right now (valid till 22nd May):
filemyreturns.taxbuddy.com/akshat
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I mostly like your videos and this one is an ok analysis. Yes, subsidies are ultimately paid by the whole population. Where did you get the figure of 50k crore? You selectively mentioned congress so many times along with AAP but you didn't mention BJPs freebies at all. Giving free homes, free toilets (most of them are either useless or used for storage or paid to people who already had pre-existing toilets), kissan samman nidhi and then bringing paid people to political campaign s. You forgot to mention PayCM sarkar and how much it was affecting population. Congress didn't win Karnataka only because of freebie promises. It's a very cheap analysis. Why don't you appeal to MPs, MLAs, DM, CMs to leave their subsidies of housing, petrol, train, aeroplane ticket and these officials spend crores of rupee on chai per day. It is paid by taxpayers. I don't like my taxes going up, nobody likes it. You forgot to discuss the chain reaction of some subsidies, it will increase demand. A 3000 rs to a graduate will ensure he doesn't have to beg to his family and friends and his spending will boost the so called demand which will lead to more tax collection, so it's not a total loss. Let me believe that 50k figure and it could generate 1.5 lakh crore worth of business demand. You might see a better Karnataka GDP figure in next few qts if this freebie scheme is implemented. They should fund this by cutting MLAs, DM, govt workers excessive spending.
I am against freebies, but I have a few questions here
- Why bank loan waive off, write off, and NPA to the businessmen are not covered here?
- Why Black Money issue is not discussed?
- Why Corruption is not covered?
- If you add the above 3, the amount is 100X more than the freebies
- Why the video is mainly focused on AAP, Congress, and other parties, with visuals. BJP also has freebies schemes that don't even reach people.
Looks like the video is BJP funded. After losing Karnataka, they lose their mind also and try to defame other parties.
Lastly, freebies are at least reaching to the people (though I don't support it), but the above 3 points I mentioned is just going into a few people's pockets.
@@MrSachingoy very well articulated. I won't say it's funded by the BJP but maybe he is biased.
Why are you showing data of 2013-14. Did our government not having the current data. I think you can't explain. 9:04
Bhai apke bolne se crypto mein daba k paise lagae the. Ab 75% km ho gaye kya kru batao?
Freebies are not only a curse, but its a threat to the Nation.
As a Kannadiga, I feel very sad and hopeless for the future of our state and country. 😢
Same 😢😢😢
@@anirudhlakshmeesh I don't remember exactly whether EC or Supreme Court, but they have declined to pass any such restriction.
Congratulations, you are bhakthified
You should think of it before election
Greedy kannadigas will pay for their greed
Subsidy in Education (Basis Economics should be mandatory in all Schools) and Healthcare can solve maximum problems in our country.
Lots of Western nations have them. And both Health and Education there are in broken state - long waiting times in hospitals, uncompetitive schooling. Erstwhile Andhra Pradesh subsidized higher education too - it only led to lot more buildings but the quality of education was nearly non-existant. So, not a good idea.
@@karthikn8536 if we need Quality of Education than we should be incentivized our Government teachers. Basic of Economics why i mentioned that for our political party can't took vote by giving useless things.
Subsidies will NEVER solve anything.
@@aniketmitra9655 Micro and Macroeconomics exists already in all economics subjects - nobody remembers it once 11th starts. And no, quality of education cant be improved by incentivizing. You need to pay for it and lot more. Subsidies don't solve but expand problems - Nothing is more permanent in govt that a temporary govt program (Milton Friedman).
@@karthikn8536 After 10 you have choice to not take Economics. 9 and 10 classes should have some part of this subject.
Right on point... These politicians just announce freebies, don't care who is paying for those freebies...
😡
Why should they have to care?
@@maheshkpm2004 so who needs to care ?
We choose them😊
@@maheshkpm2004 Tera baap bharega na saare freebie ka paisa, jhaad se nhi aata hai yeh paisa tax payer k hi jeb se jaata hai.
Freebies should be allowed in only 2 sectors - Education and Healthcare.
Education only at primary level. We dont need taxes to pay off college debts
@@niks2479yup
Hold my Reservation.
Nhi bhai aisa kaisa mereko ko scotty aurr grinder mixer dedo bass, agla paach saal vatan tumhare hawale.
Yaha se hi toh paisa generate hoga. Completely free nhi hona chahiye sab
Healthcare mai doctors aur nurses ko paise kaun dega aur education sector Mai govt teachers ko paise kaun dega considering that our country's population crossed china and only a little amount of people pay taxes
If the middle class is the majority portion of the vote bank then how come these people never have this question in mind about the freebies?
The first thing that came to mind when I heard about the freebies in Karnataka is who is gonna pay for all this
Hope this video reaches as many people as possible
The middle class is a small portion of the vote bank, and the majority of votes are from villages where poverty is high whereas the middle class is situated in the city and represent only a few percent of the votes. Hence, it will always be the burden of the middle class to pay for the taxes as most HNIs don't even pay taxes on their properties and the part they do is a very small portion of the tax they need to pay in comparison to the freebies for setting up a company or a factory in a particular place.
Income tax paying middle class in India is not actually middle class... You can say tax paying, investor class middle class is almost entirely upper middle or upper class... Hardly top 5-10% of the population comes under this.
Who paid ambani and adani loans? Who waved off there massive loans?
becoz we Indians love free stuff
@@harshnaik6989 mr. ambani and adani pay tax that'[s why u have water and electricity at cheap and they are paying loan on time u socialist fools
My mom wanted to vote for Congress purely based on the freebie campaign. While I tried explaining that a middle class working employee like me would end up paying for it in the long term, I don't think I was successful in convincing her😅 I wonder what is the Election commission's role here, are they not supposed to stop/monitor such misleading campaigns.
You are not middle class you are lower class
@@ankansenapati3600 glad you shared your genius! I never knew until you pointed this out 😂😂😂 you must be quite the upper class huh. FYI, noone asked you for your judgement of my economic status. My comment was a reaction on the video content.
Election commission should monitor and stop false promises and this type of freebie campaign
@@rapunzel-zs1ji even BJP is indulged in such freebies distribution.
Your mom is a clever person. You aren't.
Supreme court should take this freebie culture seriously
They are busy with gay lesbian marriage stuff. Silly stuff like economic instability will have to wait.
Sir I live in Rajasthan and here also congress is giving a lot of freebies before upcoming elections. They gave free scooty in name of girl education, free 200 unit of electricity, free coaching for IIT and NEET 😂 ( ye kon deta h yr ) , they are literally giving free money to the unemployed.
I would ok, coaching for neet & iit would help people in the long term sense. Scooter is nonsense, a cycle would be good Enough
@@sabugeet still all these is bullshit.
@@sabugeetnah dude try to understand what he means
There are literally middle class people who pay more than 4-5lakhs just for coaching in renowned centres😅aur uske baad agar selection nhi hota tab dard hota hai
@@sabugeet no coaching should not be free. We have online coaching which is also is growing. It's cheap. If these things are free online education would not flourish.
I am from banglore, i did help my househelp ladies many times. Just before election congress opened thier freebie shops. I was told by my househelp and nanny "akka congress is doing too much good things. They are giving money freely. I will vote for congress forever. " Now we cannot make innocent people like her undestand. She thought her electivity bill is free and taken care by Dk and siddu till i told her the conditions. But still its eady for her to vote for hand sumbol.
But their vote also is deciding factor of our fate. Was it bad decision not to go abroad and work and live there.
Don't underestimate the power of large number of stupid people
Until these old dumb people's who's brain already damaged far before by socialists goverment by propaganda! Who got addicted to freebies (shortcuts) untill then india will not improve and becomes an ideal nation !
Is there no way the Supreme Court could pass a verdict not to entertain this freebie culture?? We have so many learned economists who can bring up this case.
There was a case already filed in supreme court. Supreme court even asked opinion from all parties and was critical of the culture. Not sure of the status.
Well bjp is hurting most from this freebie elections.. so they should do something fast to stop it.
@@johnnydoe3603 bro who do u think create jobs in India. And whom do u expect to create jobs, Grow up buddy.
@@johnnydoe3603 who is giving free free free in Delhi? Kaha se aate hai tum jaise log 😈
@@johnnydoe3603 that's not how it works.
"What will I get" is the bottom line of all elections in India. Including the Krishi samman yogana in 2019 by the Central government. As a resident of Karnataka I am concerned how costly it will get to do business in Bengaluru.
Atleast kisan sanman yojna help poor and small land farmers.but electricity free, washing machine,cycle,scooter ,laptop free ...is it really joke..
@@rahulnikam5762brother electricity is unnaturally high in many cities of india
@@rahulnikam5762 in that case free electricity will help poor people, washing machine helps women to save time and be productive cycle, scooter and laptop empower kids to reach far away college for higher education and enable them to study better. You can justify any freebie in india.
@@ageless1003 there is no private player participation in electricity supply and only government players. Monopoly causes higher cost. Electric prices for industry is way too high
@@rahulnikam5762what do krishi samman do incentives farmers? Are you trying to increase farming? Manufacturing and services should be incentives so more people join in these sectors. Let's just expect krish samman for what it is an official bribe to farmers.
In some states a women with salary 1lakh can travel free but an unemployed men cant.
Ticket price for men increased by 50%
Those with 1 lakh salary wouldn't travel in bus though
@@sgsan705 They 'Can' if they want to.
I don't think so you need a pass to travel free and you cannot can get the free pass if you have such high income
Tamil Nadu is slowly living hell place for Upper Middle Class (actually this term refers to Middle class only). Dravidian Government is heavily taxing the Middle Class by increasing Property Tax, Electricity Tax, Water Tax and other innovative new taxes without any rationalization and indulging in freebies in Tax payer's money. Borrowing to the maximum possible to construct needless infrastructure (Most of the vendors and subcontractors are the members belongs to party). Decent life is a distant dream in most of the States.
Language politics will get them re elect them so my advise to all intelligent Tamilians who can see through this - Figure a way out of Tamil Nadu or figure a way to bring national party .
Democracy is the biggest enemy of itself. According to me, anyone, who has not any analyzing power, should not have right to cast their votes. "Aam -aadmi" will always choose freebie politics over anything, and we the salaried middle class have to pay for it.😢
Why should I pay so much taxes for freebies spent by these political parties. Can I file a case to reduce my tax citing misuse of my tax money in supreme court?
No you can't. As we Indians have Elected the Government in Power
@@mayursharma5902 your Congress is responsible so is aap , tmc , dmk, trs& communists govt. Not our pm
@@PrithaBhowmick-cb1cz Our PM also is freebee champ but Congress AAP are on another level
I have been thinking about leaving India for better opportunities the whole day, and then before sleeping, i saw this video 😅
Yeah please
Go bro there is nothing in this country. You will just struggle whole life
Move out bro. They will also bring Old pension scheme. Don't become a slave to the government employee pension scheme.
Rather than providing Rs.3000 incentive to unemployed graduates, the government could invest in the establishment of a well-equipped infrastructure training center aimed at teaching essential technical skills and facilitating their placement in relevant industries.
There is no demand, no company wants these many graduates. No matter how much skilled you are.
@@yahudi7253Companies don't want to pay high sums to graduates, but if unemploymed are happy with 3k per month for no work, then I guess it will be better if they work are lower rates rather than accepting freebies.
Correct instead of chasing useless degrees they need training in technical skills high In demand in other countries
@@vedantnarvekar4214 Yes I agree but my thinking is widespread nasbandi program is only solution tonour misery
Totally agree with you.
No solution as long as the public stand for instant gratification.
Very good video.The faster Indians understand the freebies politics the better it is for our country,else days are not far wherein we'll be like Sri Lanka or Argentina.
Without freebies India economy is bad.
Well said
Yes. Instead of freebies, our people should ask real questions like inflation, corruption, economic growth and improvement of basic necessities
that is a very generic statement
Freebies are essential for the survival of millions upon millions of poor people in a third world country like India 🇮🇳 with World's highest population and whose per capita GDP income is even lower than that of neighbouring Bangladesh 🇧🇩.
Here in West Bengal also Madame Momota Bannerjee provides lots and lots of freebies to everyone especially to Bengalies and Muslims that's why Bengalies and Muslims kept on voting for her in every elections.
I am from Karnataka.
Karnataka's annual budget : 3 lakh crores
estimated expences for freebies : 60000+ crore rupees.😭
According to me there should be a seperate body of economists to manage the economy of state and the country which should be free of political influence.
I am from andhra
It's much worser in andhra, Andhra pradesh : budget : 1.5 lacs crores, freebies : 80,000 crores
So ? If you had gone and searched a bit those are merit freebies ,
Free bus rides for women - merit freebie
Food ration to poor - merit freebie
Only demerit freebie i see is unemployment salary
Humble request to you to please make a videos on Facilities given to Political leaders. It is heard that politian leaders also get freebies and pension. By giving freebies for entire life, then what will be effect on middle class families in India. Please guide all of us. 🙏😊
Yes...politicians get double pension.
What? Double? How?
@@wewe-fx6un so if an a politicians becomes an MLA even for one time they will get pension for a life time. Now furthermore, if the same MLA becomes MP, they will get another pension as former MP as well.
Arey bhai politician toh kam hai Phir bhi population Mein. Agar 80% population ko freebies milegi na toh Phir gaye hum log
@@accountnotfound4209 Abe gandu kis 80% ko mil gayi ?...MNREGA Jo ki sabse badi employment scheme hai woh bhi sirf 45 crore logon ko employment de pati hai. Jin logon ko support ki jarurat hai woh sirf BPL families hoti hain. Unka number 35 core ke upar nahi hai
Thanks for clarifying that Freebies are given by all political parties in India, whether it's BJP, Congress or AAP. People needs to be rational rather than making political leaders superheroes
AAP and congress are the one pushing the limits to all new high!
Awesome! video... I am from Bangalore, why tax payer don't get benefit, those who don't work they get free things... government should provide benefit to taxpayer to encourage to more people into the system.
I can't agree more.
I used to pay 52k every month in taxes. I didn't even get a thank you email.
I was laid off by my company. What do I have now? Nothing. I've to take a loan now.
The least the government can do is refund some part of the taxes paid like an interest free debt
Then don't take help from the police for the protection of your properties. Rich need law and order to protect their assets.
@@wewe-fx6un I live in Canada and I used to pay 20‰ of my monthly wages as taxes, other indirect taxes did exist like we pay in India. But the difference I observed is that when I got laid of by the private enterprise I was working. I got close to 60% of my existing wages from the government. It saved me from going into any sort of depression to be honest. I used that money to find a better job within two months.
If Education & healthcare are managed well and provides at a very cheap price to public with good quality, we don't need any freebies. we just need food to survive, at lower monthly cost.
basically, edu & health is damn expensive and are in private hands. So, worrying about children's future & our post-retirement health issues, we save a lot and worry about our future.
Instead of freebies, Govt should focus on these 2 areas strategically.
@@johnnydoe3603 when people have proper education, unemployment will be very less. Most of people get work and don't have to beg government for freebies.
@@nagasabsreeshgontla4628 If education is free, india population will hit 200 crore easily very soon. Education cost is a major reason to curb population explotion.
Very true. One of the worst thing to ever happen to a poor person is being hospitalized for days and months. They are not able to generate income and they incur costs on healthcare. Inr 3000 per month for anyone who is hospitalized for more than a month along with free healthcare (through insurance) is a good way i feel to protect the poor from being poorer
Only healthcare should be made available at free of cost or cheap rates. Other things people could manage their own
@@nagasabsreeshgontla4628 most people itself dont wanna work and dont wanna learn.
You come up with such a different view of things that I can't even think of. Thankyou. I learnt something new about inflation today.
I am astounded how powerful this content is, kudos to you Akshat.
Now the questions is, when will the common people stand up and notice these things ? Why are we moved so easily by these freebies ? when will we ( as a nation ) start using our brains ?
People suffered a lot during COVID. They were getting freebies under previous Siddarammaiah Govt that were stopped by BJP which came to power just before pandemic hit. People realized that if we have Siddarammaiah's Govt then their sufferings would have been less harsher and livable. That's why there was massive consolidation of votes among villagers and poor.
@@shrihara central gov is always provide wheat to poor people,
but if those people want free tv free mobile free everything without working hard or smart than its their own problem .......
many state will fall and blame central gov for not providing fund to there state and after that central gov will also fall in election and our country will doomed .........
Bro people don't have logic and brain in this country nahi to netao ko vote hindu muslim p na milta caste me na miltq
When will you question to modi giving freebies to Ambani Adani
@@geethagangadhar8733 rajasthan gave big power projects to adani ambani same in punjab but there isnt modi govt
Remove reservations. Good politicians will evolve. Good economics will evolve. Which obviously can't happen in India.
Remove castism
idiot these politicans are really smart the freebies culture is started by arvind kejriwal cheif minister of delhi a well educated man so you involving casteism
I don't see very educated people leading our country....A politician is good or bad and has nothing to do with reservations. BJP is full of upper class Hindus. See what they have done to the country...
@@sunnytiwari7792 politicians are three ones who are getting survived due to reservations. Once it is removed, no one cares them.
@@devb1479 Because reservations are the key survival source of all politicians in the country. Do you think a politician can win an election without reservation. Can tell me one developed country which has reservations.
It's saddening to see people choosing to accept Freebies, Can't really think of a solution to this. 😞😞
Shame on Congress for their recent acts of luring people to vote for them!!
Because of modi fear, all powerless parties coming to power access the country in the name of freebies, cast..... Luring them by giving tax payer's money without taking our permission or without investing on infrastructure😢
Our indians must & should awake now itself before letting our country to become like Pakistan and sri Lanka.
#please come & protest against freebies.
Create hashtag..
All freebies goes to Muslim community because they voted completely for cunning congress,
we are simply hardworking & paying EMI, tax from our salary through out of our life...
Till our death we struggle to buy plot, flat or building house...
But those who have illegal BPL cards they they get free Grocery, free transportation, free electricity ,20 lack to build house & sometimes they get Government built apartment by BBMP. 😢😢😢😢
We middle class people always struggle in life....
Poor & some cunning middle class people somehow get these freebies benefits by the influence of local politicians.
Only solution is some alien👽 should come here from other planet & take control of power on this😠😠😠 earth. 😅
it is the only hope for poor people who are high in number
@@pscraft1337 Freebies are not the last resort, they should spend on improving poor people lives, freebies may assist them for few years but they would continue to remain poor for rest of their lives, why would they dare to come out of their comfort zone if they are surviving on government's blessings.
@@pscraft1337 But they still continue to have kids
I am from Tamilnadu some freebie are worth in tamilnadu like free laptop after 12 th standard. I got a job in MNC using that Laptop. without that I cannot even think about programming.using that lap only I got Job in the middle of Pandemic(2021).I studied in a govt school and continued in govt college. That lap may cost 20000 for a govt but my first month salary was higher than that.
Laptop is good idea though! Cuz it's open lot of possibilities really! But others things like scooty and mobile's literally shit
yes, that is good. freebies like these are must. but rs. 1000 for women,
1. do you think it is really going to the people in need?
2. do we have enough money to give? if we don't have how that money is generated? check about Argentina's situation and their history
I hope all are not freebies in Tamil Nadu. Like some are social welfare schemes.
I studied in government school going by Freecycle and learned programming via a government laptop, wearing a government-provided uniform, Now I am working in a top Mnc with a good package. Which uplifts my family situation from lower middle class to upper middle class. That's how the economy of Tamil Nadu works.
Exactly ✌🏾
For one person like you, there will be a hundred on whom the money was a total waste ..
One family member gets a MNC job and several others commit suicides due to poverty and lack of opportunities to raise their std of living despite working hard arising out of freebie powered upliftment.no need to work when everything is provided free by the govt.
NO PAIN BUT ALL GAIN..
Look at the way political parties are spending on their election campaigns....insane expenditure...
ECI must restrict these type of promises by political parties.
I totally agree with you Akshat, but think of the real time tax problem that we are facing.. Top millionaires are getting a loan write off for 1000 crores.. If top millionaire are given subsidy, then the freebies will definitely help the poor people
Top millionaires produce industries, jobs & economic development. Poor can be given some freebies but only so that they are skilled to get out of their poverty, not keep them as a permanent votebank.
The first time i heard when i was 14 that some political leader is giving freebie my first question to my mother was is he giving it out of his own pocket, so i always known the fact that this is not a permanent solution its just a bait, they can't move forward to permanent solution and the majority public doesn't understand these facts, we can't even educate them about this.
Wʜᴀᴛ:sᴀᴘᴘ ᴍᴇ 👆👆
Giving freebies isn't the only problem, government should also think about how to empower people to live without freebies or subsidies.For example incase of unemployment you can't have a plan to give 3000 forever you need place a deadline and necessary system in place to check out qualifications and efforts being made by respective person to get a job or simply create job opportunities.
In rest of freebies cases like free electricity, etc I believe wage or salary needs to be increased or taxation needs to be reduced in either case doesn't matter as freebies or taxation or wages it's give and take between government operation expense and people or government capacity to pay or take tax.
Need to see by how much these freebies increase states debt and inflation, at present it's already at Rs.5.35 lakh crore in Karnataka.
Akshat you have pointed on Tamil nadu instead of Karnataka
He is a BJP RSS plant. He picked this topic because of Congress gave away more freebies. When BJP RSS does it, he is very quiet.
@@Dan-xx5jqhve the guts to write your own name first.. not sm bunch of characters ,numbers n letters mixed..
@@Dan-xx5jq usa and europe have massive freebie budgets
its called assistance
@@Dan-xx5jqaree...Stick to the topic being discussed instead of labelling!
@@stanislavplazilski I don't respond to Russkies and fanatics!! As demonstrated they are full of anger and lack the ability to think logically!
But you didn't mentioned freebies given and promised by BJP. Is this a BJP sponsored video? 100%
1000% bj pee sponsored
Instead of giving 200 units free.. I think a better solution is to give more subsidy to install solar. That way, you effectively save money on electricity for nearly 25 years instead of 2-4 yrs and it will also help save our planet in the long run.
Solar doesn't work
@@yahudi7253 why do you think solar doesn't work
Bold, very educative and need of the hour. Freebies are being used rampantly to polarise and secure vote banks in Andhra and Telangana and more than vote bank polarization the long term threat is productivity and the willingness to work among the population is dying.
In simple terms , freebies must given only if it is necessary(food security and national security) and productive.
Why does Supreme court not intervene? My heart sinks to keep giving taxes... Rising year over year. And taxpayers are left with out basic needs of good roads and potttable water.
Take examples of cities like Pune and Bangalore.... So called IT cities thirst are quenched by water tanker mafias. Just unacceptable 😢
as a citizen you can definitely take some steps regarding this issues, taxes are increasing rapidly and the gov shows that they're creating thousands of kms of highways expressways in every corner of this country! then why you can't find those development yet in real life?
Supreme Court n its Judges are in Modiji Pocket.. Nothing will happen... All Political parties are same...
Freebies distribution ka competition chal rha h.
I am against freebies, but I have a few questions here
- Why bank loan waive off, write off, and NPA to the businessmen are not covered here?
- Why Black Money issue is not discussed?
- Why Corruption is not covered?
- If you add the above 3, the amount is 100X more than the freebies
- Why the video is mainly focused on AAP, Congress, and other parties, with visuals. BJP also has freebies schemes that don't even reach people.
Looks like the video is BJP funded. After losing Karnataka, they lose their mind also and try to defame other parties.
Lastly, freebies are at least reaching to the people (though I don't support it), but the above 3 points I mentioned is just going a few people's pocket.
Who said it is reaching? Rajiv said when he sends 100rs to poor only 1 is received, priyanka repeated same thing, so their 4-5 generation has gone by and thry still don't know? What about Augusta Westland, national herald, chinese donation? What about Rajiv ' account in swiss bank with cool 2b when india was pauper.
Bjp has done great stuff , you must be corrupt or idixt to blame bjp.
If u don't wave off business loan which is struggling it can cause lots of job losss ... See Tesla ...so much times us waved off his loan and see where Tesla now
People should come on streets to protest. High time now.
Tu aaja
@@PankajKumar-zr3tvpankaj Kumar bihari wants free revdi
I am from Andhra Pradesh and we have 10 acres of agriculture land. We are begging farmers to do farming on very low rental basis and even ready to give it for free. No one is ready to do because of governments freebies culture. They are saying why would we work under you, we are getting money from government. Not only farming it is hurting across all sectors.
Dear Mr. Srivastava, did anybody had done a study on corporate freebies? You invest your money and perish you invest public money along with tax concessions and thrive.
that freebies create employment, that is called investment not freebies. if govt. want to give freebies to general public - open public libraries, free schools, availability of computers in schools. free education to farmers regarding high return crops.
As always, you have brought further light to a serious problem that we citizens tend to ignore. Its getting worse year aftet year and human greed has no boundaries. Politicians (at every level) and bureacrats have been looting us for decades and we still vote based on our caste and other personal/community biases. We dont come to the streets for the collective good of our people.
Subsidy revolving around SDG Index by NITI Aayog can be considered as good freebie, also there should be state wise indexes like
1. Debt/GSDP Ratio
2. Interest/GSDP Ratio
3. Fiscal deficit
Along with it’s comparison to previous govt.
It will help educating the young generation and they will be able to change the political culture in India.
Those indexes already exists
Now I know why Socrates was against "democracy"...
Teaching a man to fish is different than giving him fish every single day and make him dependent on you. Freebie culture is giving a man a fish every day and expecting him to be your lapdog.
This video is very thoughtful and very practically explained. In my POV this has to be communicated to every individual of this nation. The challenge the country faces are with individuals who only think of their benefit and are not educated. Who will do this to make them understand?l to not accept freebies and its consequences?
BJP government doing very well on infrastructure development and economic development also promotes Startup ecosystem, UPI like digital payments...All these are done under MODIji...but congress and other parties trying to counter development by distribution of freebies and get votes... actually this is going to destroy our nation....the focus on developing nations will end and again Bribe rule of opposition parties come... 😭😭
Arey bhakt , apne bubble se bahar aao
@@soberguy2913 he is not street poor like you, he wants job not begging
@@iSoumajitYT pakode talo as your master says
@@soberguy2913no job is small, it is better to sell pakoda or tea then sitting at home and taking 3000 rs unemployment money from govt.
I think corruption is a bigger problem than subsidies. Corruption means a few privileged govt workers corner most of wealth that can be used for development and poverty schemes
Very correct.
When in pension they get 80% tax 😢 government official in rajasthan
Karnataka wealthy state if goes bankrupt you will not be spared too
Finally a sane person with some sense 👏 freebies the wrong term. Without corruption a lot of the basic amenities could have been made available for free long long back. So, yeah where are our taxes going??? I look at my yearly income tax deduction and i can atleast stay gratified with the thought that I am paying a govt employee salary 😅 and i hope that they do their job with honesty
In case of corruption every political party will come together and fight u whereas here in freebies u can let them fight with each other
In Karnataka these freebies will be on condition. Just now they announced tax payers will not get this benefit. But most probably these facilities will be given to PPL with BPL(Below Poverty Line) card holders. Which reduces the number of PPL significantly.
There are thousands it not lakhs of people with the old documents for BPL.
In my college students from SC ST Category with 7-8 LPA family income, Mom Dad both gov servants. He was availing all government schemes. I was barely able to pay 1.1lack while he was paying 0 instead getting money from government for study That Irony.
Now I am paying the tax which will be used by such people and own kids will never get any of its benefits.
@@Smiling-Monk That's why run
My dad has Alzheimer’s and we have been struggling to have a day care system for him as he gets violent and my mum is the one quietly suffering. I am struggling to even find a good paid home for him. They suggest thane mental hospital.. and look at the facilities they have abroad. All I am doing now is trying to leave this country for good - so that my family doesn’t have to suffer this way ..
Hey i am a woman from Karnataka
1)If i get 2000 rupees every month then i will start a small business.
2) If i get 200 unit free
Then i use that money to buy other thing
that boost the economy.
This video had to be released before the elections. Massive Respect to Akshat for Highlighting this.
And who would care? Middle class hindus don't vote in droves.
I don't understand, why successive Govts have failed to increase tax payers base above 3-5%, even after 7 yrs after GST implementation?? If it can be easily done for salaried class WHY NOT FOR RETAIL BUISNESS?? They easily earn 10 - 30Lakh PM, but don't pay taxes. WHY Govts not TAX ULTRA RICH FARMERS??
And stoopid bj pee gov is reducing corporate taxes 🤯🤯
There will be another blockade in Delhi
From Politician point of view .. Freebies is the only answer to Right wing politics which is divide India and rule ... Unfortunately we have to pay price on both front...
ᴛʜᴀɴᴋs ғᴏʀ ᴡᴀᴛᴄʜɪɴɢ
ғᴏʀ ᴍᴇɴᴛᴏʀsʜɪᴘ ᴀɴᴅ ɪɴғᴏʀᴍᴀᴛɪᴏɴ
Wʜᴀᴛsᴀᴘᴘ ᴍᴇ ᴅɪʀᴇᴄᴛ..☝️
Freebies is only answer to make this country Sri Lanka and Venezuela one day..welfare and freebies are different.. understand that...your statement has political bias without any economic angle
Do not justify sh*t. Accept it
Divide country you mean? Clearly you think there is no issue with islam.
If hindus are problem why they have issues with buddhists in myanmar or communists in china or liberals in france or christians in nigeria or jews in israel?
The common perception is government is giving more to cronies and bailing them whenever they fail.Commoner feels this as injustice to them and they justify freebies on this ground.unless this perception is cleared there's no end to this problem
Thank you so much for this educational video, I learned so much. 💯💯
The huge subsidy is the bad debts written off in last 1 decade. That simply overtakes overall subsidy given for other things. Should have touched on this as well.
Exactly. Akshat is not being genuine in his reasoning. A true economist can figure out how to make the welfare programs work along with efficiency in government and not just demonize the class that needs the help the most.
Banks earn thru debt. And there are some chances of not getting it back if the company goes bankrupt or the owner flies away. The earning from debt is far more than the risk. Why you are trying to imply is not correct.
@@johnnydoe3603 That's because Rich paid the Tax. And claimed to be poor, paid nothing.
@@prathmeshsingh3912 Banks don't give loans to companies which can go bankrupt. Unless bank employees are involved in some corruption.
Earning from Debt is not risky, the bank has rational brain. And Banks also need to pay interest on money deposited by it's custom. So Banks need to gives loans to earn interest from that. If bank does not give loan, then it will go bankrupt for sure.
bad debts written off ?? 😂 why don't you tell the profits what these banks earned and plz also tell abt the bad debts recovery which amountd to more than 9 lakh crore out of 11 lakh crore of loan given...
Such a 'Krantikari' Video. Thanks for all the data, facts and solutions Akshat. Thanks a lot! It's really high time to fight with all types of freebie culture except for few for few deserving people (based on need). Keep creating these types of videos. Best wishes and all the support..
Hi Akshat, I want to recommend a book by Nobel Laureate Abhijit Banerjee called Poor Economics. I do agree with your reasoning, however there are few strong benefits of freebies that, if managed well, can boost economy at a very high pace.
Exactly.. free education, and midday meals introduced by congress actually helped thousands of children get good schooling.
Better than waving of loans of Adani and Ambani who are already rich
@@Blue-lq8xf good schooling i think you never been to rural areas 😂
@@riav.T You may have been to rural areas of Gujrat and UP. There are lot of places where people benefited from mid-day meals in school, just for example, the school drop out rate decreased by a great degree where poor people could not afford to feed themselves two meals. Taking the burden of feeding children and raising school attendance seems like a good scheme. In fact many countries emulated the same scheme for these benefits.
Can you make a video on Advance tax planing and tax planing?
Thanks.
Thank you for posting this video at the right time. Hope every common person understands that nothing comes free in the world except mother's blessings. Money doesn't grow in trees and rain from the sky.
Some subsidies are necessary. Debt/GDP- going up. Money printing isnt the solution. Educated people strictly required in the politics or as the video says emigration. But ideal countries are also very difficult to find. :)
This particular analysis is just in a particular context and overlooks the wider impact all together. I thought Akshay is a wise guy who thinks rationally but he is not.
Aap gov gives free electricity free water
But they are very focused on world class education and health care services
But he only mentions free electricity and water
10000% sponsored video by bj pee
@@Sunilkumar-mr3tg but stoopid people don't understand this and becomes blind followers of some party
Bhai aap bht achhi party h.. lekin ye free wali bc se bht nuksaan ho rha h.. hmlogo tk to 100 200 rs hi phnchta h lekin uss chiz ke lie govt ko kai hazaar crore dene pdte h.. imagine usko agr shi jgh infrastructure me utilize kia jae to kitne logo ko jobs mil skti h..
Sir if our all state govts as well as centre will rethink on ur line ,then only our India will prosper..Thanks for ur well studied videos !
Indian democracy : freebie + appeasement politics vs religion politics
Netaji Subhas Chandra Bose was absolutely right. India was not fit to be a democracy then. Very sad state of affairs.
Keep bringing this kind of contents Akshat…Great job…If possible plz create a community of salaried people..we suffer a lot…need to fight against this tax system…It’s painful…
Absolutely true, much needed topic of the hour. Salaried class pay taxes, and some corrupt govt officials eat it up and remaining politicians use for freebies.
Freebies of 1000 cr also means 1000 cr in the hand of the politicians.
Everyone pays taxes one way or the other, indirect taxation on everything from fuel to grain to even toothpaste is a thing.
@@adrianjagmag Thats true, it has been like that from way too long. It just has been changed to GST for easier calculation.
@@adrianjagmag I think he means, middle class has extra burden of paying taxes. But tbh till 7 lakhs we have tax free income. And if you earn above that, it means you can afford a good life style. Hence taxes to the government for the betterment of the country.
If corruption is erased, 50% of India's problem will be solved. It's not that India is poor, come on it is the 5th richest nation.
I am a management graduate and I understand the Implications. It is really unfortunate and foolishness that freebies work in politics and politicians give a damn on who is paying for It. At this rate we will never be an advanced economy. I am unsure if any measure will work. Hope your channel helps. I doubt if it will because the people who are the beneficiaries of these freebies cannot understand your program.😢
Then sorry for the wastage of your education expenses. You may be a certified MBA but not a qualified one. Why don't you go and start with the basics of welfare economics and development economics. Your burden on our country would be reduced.
Don't understand your comment Mr.MJ. I think we need some respect here. Please read my comment once again and let me know if you understood what I said. All I meant was the consumers of this information are not the beneficiaries of freebies for the most part. Those who consume freebies don't see this channel.
Ah nice contents as always, I’m very proud people like you and Peter Holland help people all over the world become successful investors I myself is really grateful for that privilege
You can reach my mentor or account manager on
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User name is PeterDT1
It must be discuss in every main media of state in state language every day, repeatedly. Plese do it for the Nation❤❤❤❤
In one of the states to restore Old Pension Scheme the state govt. hiked VAT on fuel by Rs 3 to generate fund. Tax 98% people for benefit of 2% people.
I am from Gujarat, And people of gujarat has proudly se " नहीं चाहिए फ्री बिजली" to Kejariwal during elections
haha😂.
people need common sense even if not educated much.
.. which south indian people had lesser.
Gujratis are more obsessed with BJP that's why they rejected AAP.tomorrow if BJP offer them freebies they wont say no to that
In 157 schools none of them passed their.10th std and your talking about common sense Karnataka is far better than Gujarat.
I think the highest effective tax rate has been reduced in 2023-24 budget to 39% now…a reduction of 3-3.5% actually…🙂….having said that i am not a freebie supporter though…
100% against subsidies. No subsidy at all. It's a slippery slope. Just like reservation of seats. You give one subsidy, someone would want another, and another and another and another. Just like every few years some community wants seat reservation in government institutions
When your buying EV most of the state road tax is 0 and most of EV cost above 15L. So, rich is getting subsidy once they spend money. But poor they need money to spend and I agree this will increase inflation.
Atleast 20% free going to correct people and this will improve their life.
Bad SUBSIDY Huge salary for Govt employees. Why should a Govt employees salary exceed 20X per capita income CTC. If Karnataka cuts DA increase it will pay for unemployment dole, Gruhalakshmi etc.
I found these kinds of videos which analyse the current state of India's politics, economic decisions, and international relations encourage me to leave the country ASAP.
Tamil Nadu is the first state to start freebies. Now see Tamil Nadu is a highly developed state in India in all kind of margins
Highly developed yes, but not enough revenue generating compared to other states.
haha...TN is the worst state..only one family is highly developed in the state
@@Rana_2390I think you are andth bhakt so I can't explain you
Here are some advantages of the subsidies provided by the governments. Be it the 2000 rupees that is provided as part of the PM Kisan scheme or the "freebies" announced by the Congress.
First of all, we must understand and appreciate that India is a country of gross economic and social inequalities. As highlighted by Kishore Biyani in a recent podcast, only about 10-13% of the country's population has the means to do discretionary spends. The rest suffer on account of low wages and even fewer opportunities for upward mobility. Are there better ways to spend money so that the condition of the 90% improves? Sure. We need to definitely up our expenditures on education and health as well as reform sectors which are being dominated by corporate interests who fleece the public without quality service. But beyond that, the freebies themselves offer some benefits.
Multiple studies have shown that direct cash transfers into accounts of beneficiaries (be it women in karnataka or farmers in PM Kisan) provide some cushion to people in terms of a fallback option. This money often gets invested by people in educating their kids, having a rainy day fund, or investing in small assets like sewing machines or kitchen equipments which can help create alternate streams of income. In some instances, the money was spent to may be get a washing machine. Which by the way is a great tool to free up time of women so that they can pursue other vocations. The scheme for providing free bus rides for women is supposed to help incentivise mobility for women. A huge problem in India today is that labour force participation rate amongst women is very low. At around 27%. The free bus rides and cash transfers will incentivise women to go out for work and create opportunities. The benefits from the free 10 kg rice would also be similar. If you can ensure that your population has access to basic nutrition, it frees up people to take more risk and this helps the economy in the long run. And i am not saying this based on feelings or conjecture. This is based on multiple studies.
In an highly unequal society, it is the role of the government to create conditions that basic needs of people (food, water, health, education. Plus i would say broadband access (enabled through free mobile phones)) are met. Also, i would think that the unemployment assistance is cleverly designed. It actually incentivises the youth to complete their higher education and get either diplomas or degrees. A lot of people in today's scenario of high unemployment may drop out earlier from education. The availability of a safety net after completion of education. Even if it is meagre can still push people towards getting more skilled and eventually that helps the economy too.
Would love to hear more about your views on this. Happy to debate on this with you. And in case you are wondering about my credentials, i am an MBA in Finance and Economics from XLRI with more than 10 years of experience in financial services.
Very well said sir. India is a country with wide economic and social disparities. To reduce the discussion to only direct taxpayers (middle classes, employed people and rich people) and ignore the plight of the masses who are benefitting from these subsidies is a very biased outlook. It is much better to pay taxes for the benefit of our poor brethren than to pay for the subsidies and loan waivers of the ultra rich. Tamil Nadu has always had freebie culture, but it is still at the top of the economic ladder in India. Lakhs of people benefitted from the subsidies announced by NTR, erstwhile CM of United Andhra and came out of abject poverty. Now Telangana (my home state) and Andhra are also growing economies. I believe we need to look at the larger picture and also think humanely, not just dry economics. Improving education, providing healthcare and creating jobs will definitely help in the long run and governments should definitely focus on that. But till those parameters improve and economy gets levelled to a certain extent, welfare schemes are essential for the many toiling Indians.
Here to appreciate your post! I am not an economist by profession, but I am an extremely engaged citizen and spend a lot of time educating myself and reading about current affairs. I have pursued an extensive amount of information around economic issues and public policies - I agree with your perspective and would also like to emphasize that a government should strive to eradicate social inequalities.
Govt should send free condoms to poors, I mean at least have less kids bro
Please study the Kerala model. Govt gives jobs to mostly party men's wives and pensions to all and sundry.Also the shape of KSRTC is mind-boggling
High corruption, High tax, Incapable people in Government, Population explosion, Illegal immigration from other countries, Ineffective Legal system, Too many elected representatives in the name of democracy, high imports rather then inhouse manufacturing are major issues for India's good prospect.
Household remuneration is seen as a trillion dollar economy going unpaid ‼️😅
When TN CM made a similar announcement on supporting the household with 1000 rs each month, BBC did a story on topic.
I think the TN govt is finding it difficult to keep its promise & so is Karnataka.
Taxes aside freebies directly impact electricity availability.
There is a counter claim, that food and giving free income can boost consumption ... Helping economy to grow and improving tax revenue. It's hard to see the impact immediately.
First taking money from taxes and then using them for freebies & subsidies does not increase tax revenues.
@@mandarp9472 it depends on, what is given as free. Giving food free, helps the poor family to invest on othe luxuries.
@@rameshg2717 Do you see the irony? Poor Family vs Other Luxuries?? What you smoking bro?
@@kantizx1 even fan is a luxury for some. I was talking from their point of view .
@@johnnydoe3603 they are not if you opt for government school or hospital.
Providing basic amenities to needy people is required. Don't use any useless terms like freebies. Please go to Village and forest sides and see how people miss basic amenities. Instead increase higher tax for rich and ultra rich people. Corporates are wasting money but helping villagers.
There is difference between providing amenities and providing freebies.... And you need to lure the corporates by waiving taxes so that they set up their factories in a given location which in return generates employment. ....
Limited Free Electricity, Medical facilities & Education is not Freebie. Its benefit of our own Taxes; which all Govts should do. If Taxes were low, there would be no need of Freebees. However, since the taxes are so high (that almost 55-60% of income goes into Taxes i.e Income Tax, GST), State Govts should provide benefit of our Taxes in one form or the another (Education, Medical, Electricity). Central Govt needs to better manage Budget (i.e. eradicate corruption) & then Tax rates can come down. Once Tax rates are down (like Income Tax - 5 to10%, GST-1 to 10%, Corp Tax - 10 to 15%), there will be no need of any FreeBie. Till then benefit of our Taxes should be given to us in terms of Basic Needs i.e Education, Medical, Electricity.
I rest my Case.
Wonderful Video Akshat Sir!
May be it is better to join a party or establish a party in India, only Indian politicians will have all the VIP facilities even though they are corrupt.
The party which announced the freebies before the election has started to roll back and put conditions on those freebies which they didnt mention before the polling. People in some districts have already started to boycott paying the bills and even beating up govt employees when they go to collect the bills. This will create a chaos in the upcoming days.
“Give a man a fish, and he will be hungry again tomorrow; teach him to catch a fish, and he will be richer all his life.” we need to realise it ASAP and spread awareness.
You are one of the few people who speaks the truth.
I have suggestion to RBI please amend loan guidelines “If any state announced any freebies then that state is not eligible for any type of loan”.
Thanks @Akshat Shrivastava for tge content you create. With this type of content and analysis it really empowers us to make a rational decision. I've started liking finance and economics becoz of the contaent and analysis you put on table.
The captions stating Narendra Modi when Akshat said Neerav Modi is the funniest thing that has happened today.
Nice video. The solution not to encourage parties which promise freebies is the only answer
Perfectly explained..it is up to voters to decide their future..
Thank you for making this video, people should be aware of this 👍