Page 3 of 3

Re: Wish list for Modi 3.0 administration

Posted: 17 Aug 2025 13:46
by tandav
India Government Budget is 0.57 Lakh Cr. Population is 145Cr. Therefore percapita spend is 0.35L/year. dependency ratio is 47%. Therefore average tax of a working age person should be 0.51L per year.

Less than 5% of India's population crosses 0.51L/Yr tax hurdle (my estimate). Most of the tax is paid by a miniscule 2% of the population (which pays 4.6L per year) and rest of the nation is a net tax beneficiary from the Government services, Freebies, Infrastructure etc. The taxpayers is not represented in governance and is suffering from all type of legal and illegal taxes (by way of poor infrastruture, pollution, poor law enforcement etc) in India.

Property tax (generally 1% of property value) which runs most local government like in china / usa (paying for schools, local roads, sewerage, prisons, police stations, public parks etc) in India is an astonishingly low 0.02% of property value has never been collected properly since 1947. The low property tax value and high transaction tax (Stamp duty 7% without input credit) has kept land non liquid and extremely expensive. With land values at least 4X greater than comparable land in other nations. There is no cost to hoarding land and keeping it idle.

India rental yields are low since the property costs are artificially high.

Re: Wish list for Modi 3.0 administration

Posted: 17 Aug 2025 19:25
by Ambar
The tax paying population is already taxed to death in India! Increasing taxes even more without fixing corruption and suicidal freebies is counterproductive. The absurd land and housing valuations in India is the result of decades of endemic corruption, overpopulation, and hidden money chasing assets, rising property taxes won't fix this except make your corporator even more wealthy!

Someone in another thread mentioned digitization of property records and the bureacratic pushback, infact, the opposite is true, bureacrats are all for digitization because they get to take Rs 80,000 in bribes for a task with a govt fee of Rs 800! We call it e-aasthi or e-katha in KAR, the bribe is anywhere from 0.5% to 1% of the property value depending on the location.

Re: Wish list for Modi 3.0 administration

Posted: 17 Aug 2025 20:17
by chetak
Ambar wrote: 17 Aug 2025 19:25 The tax paying population is already taxed to death in India! Increasing taxes even more without fixing corruption and suicidal freebies is counterproductive. The absurd land and housing valuations in India is the result of decades of endemic corruption, overpopulation, and hidden money chasing assets, rising property taxes won't fix this except make your corporator even more wealthy!

Someone in another thread mentioned digitization of property records and the bureacratic pushback, infact, the opposite is true, bureacrats are all for digitization because they get to take Rs 80,000 in bribes for a task with a govt fee of Rs 800! We call it e-aasthi or e-katha in KAR, the bribe is anywhere from 0.5% to 1% of the property value depending on the location.




Ambar ji,


that's what happens when some mafiaso brat promises freebies without knowing his gluteus maximus from his cubitus

he was so greedy to claim credit that he surprised the govt of KAR at a public function which had been arranged to celebrate the congi victory and made this freebie announcement shocking everyone on the stage.

the cm was shell shocked

It has been downhill all the way since then, and no blame ever attaches ever to the dynaaastie, a national policy, one that has been carved in stone, since before 1947.

The city and the state has gone to the dogs, the jihadis have grabbed vast tracts of land and the abrahamics have a free run to conduct their nefarious conversions.

The fallout is, as usual, borne by the majority middle class, who curse their fate but will idiotically vote for the congis again and again

the beedis and rohingiyas, including the folks from the NE have taken over all the low paying jobs, even as the foolish majority low skilled workers have ill-advisedly vacated this space and they will never regain it ever again

Re: Wish list for Modi 3.0 administration

Posted: 17 Aug 2025 21:36
by Ambar
Chetakji, I am no fan of the current Karnataka Govt, but lets be honest, the state of affairs and corruption is the same whether it is INC run BJP run. A BJP MLA or corporator is no more or no less corrupt than a Congress or Janata Dal one, and hence they find it so easy to switch loyalties based on changing winds.

Your salaried tax paying janata gets nothing except more harrasment from politicians,police and bureacrats, while all parties are in competition to do one over the other when it comes to announcing freebies or minting the next dollar billionaire MLA. We have Swiss level of taxation for Swaziland quality of life, and hiking even more tax is not the solution.