Thokkalee Posted November 24, 2020 Report Share Posted November 24, 2020 3 minutes ago, kevinUsa said: Do u think India will ever be developed?? Development is a slow process.. it takes decades to see something that you can boast of.. Do you think there is development In Hyderabad compared to 20 years ago? If yes, then we are on the right track. The revenue increased manifold in the last 2-3 decades.. more revenue leads to more development.. also remember that many people don’t pay taxes in India.. property taxes are very very less.. many transactions happen off The book.. still we are doing lot better with limited tax revenues... 1 Quote Link to comment Share on other sites More sharing options...
kevinUsa Posted November 24, 2020 Report Share Posted November 24, 2020 Just now, PilliBeta said: Did the Democrats ever do that? Kallu Galla ni support chesedi Communist Kada Quote Link to comment Share on other sites More sharing options...
AverageDesiGuy Posted November 24, 2020 Report Share Posted November 24, 2020 immigrants or non-immigrants? Quote Link to comment Share on other sites More sharing options...
kevinUsa Posted November 24, 2020 Report Share Posted November 24, 2020 1 minute ago, Thokkalee said: Development is a slow process.. it takes decades to see something that you can boast of.. Do you think there is development In Hyderabad compared to 20 years ago? If yes, then we are on the right track. The revenue increased manifold in the last 2-3 decades.. more revenue leads to more development.. also remember that many people don’t pay taxes in India.. property taxes are very very less.. many transactions happen off The book.. still we are doing lot better with limited tax revenues... The reason people don't want to pay taxes is. They don't see any tangible benefit to it If there is development going I am sure everyone one will.pay their fair share Quote Link to comment Share on other sites More sharing options...
zarathustra Posted November 24, 2020 Report Share Posted November 24, 2020 1 minute ago, kevinUsa said: The reason people don't want to pay taxes is. They don't see any tangible benefit to it If there is development going I am sure everyone one will.pay their fair share Most of the taxes go into the politicians pockets, compare how politicians behave in public in India to how they behave in the US just for an example. NOw a days it's improving but it's not yet to a point where we can even call the politicians in India half way decent when it comes to their public behavior. 1 Quote Link to comment Share on other sites More sharing options...
PilliBeta Posted November 24, 2020 Author Report Share Posted November 24, 2020 6 minutes ago, kevinUsa said: Kallu Galla ni support chesedi Communist Kada Not openly I don't think Quote Link to comment Share on other sites More sharing options...
Thokkalee Posted November 24, 2020 Report Share Posted November 24, 2020 9 minutes ago, PilliBeta said: What about China China is also more than 100 years old... and most of the country as it is has been independent for many more years before that.. Most of the developments in China started like 2-3 decades ago... China was considered a poor country 3-4 decades ago.. Quote Link to comment Share on other sites More sharing options...
PilliBeta Posted November 24, 2020 Author Report Share Posted November 24, 2020 3 minutes ago, Thokkalee said: China is also more than 100 years old... and most of the country as it is has been independent for many more years before that.. Most of the developments in China started like 2-3 decades ago... China was considered a poor country 3-4 decades ago.. So was India. India and China are examples of the difference in Governance. Democracy vs single party system, clearly China's one party system is working better than India's multi party system. Maybe we should give up on Democracy and ask the CCP to rule us. 2 Quote Link to comment Share on other sites More sharing options...
kevinUsa Posted November 24, 2020 Report Share Posted November 24, 2020 3 minutes ago, Thokkalee said: China is also more than 100 years old... and most of the country as it is has been independent for many more years before that.. Most of the developments in China started like 2-3 decades ago... China was considered a poor country 3-4 decades ago.. Quote Link to comment Share on other sites More sharing options...
kevinUsa Posted November 24, 2020 Report Share Posted November 24, 2020 One reason is if a country to see development we need credit in the system In a country like India it's tough to get credit Credit has ability to build an economy Example The great depression hit the general public when people were unable to get credit Lack of credit in system has domino effect on overall economy. We all know how tough is it to get a loan in india. When u go to foundations of economic structure both macro and micro credit plays a major role. Quote Link to comment Share on other sites More sharing options...
zarathustra Posted November 24, 2020 Report Share Posted November 24, 2020 1 minute ago, kevinUsa said: One reason is if a country to see develop we need credit in the system In country like India it's tough to get credit Cresit has ability to build an economy Example The great depression hit the general public when people were unable to get credit Lack of credit in system has domino effect on overall economy. We all know how tough is it to get a loan in india. Only if you are "aam aadmi". If you are Mallya, Nirav Modi or one of those people you will get banks throwing thousands of crores as loans at you. Quote Link to comment Share on other sites More sharing options...
zarathustra Posted November 24, 2020 Report Share Posted November 24, 2020 6 minutes ago, PilliBeta said: So was India. India and China are examples of the difference in Governance. Democracy vs single party system, clearly China's one party system is working better than India's multi party system. Maybe we should give up on Democracy and ask the CCP to rule us. Won't be a bad start, our multi party system is divided in every way. No wonder coalition parties ruled roost over India for a long long time Quote Link to comment Share on other sites More sharing options...
PilliBeta Posted November 24, 2020 Author Report Share Posted November 24, 2020 2 minutes ago, kevinUsa said: One reason is if a country to see develop we need credit in the system In country like India it's tough to get credit Cresit has ability to build an economy Example The great depression hit the general public when people were unable to get credit Lack of credit in system has domino effect on overall economy. We all know how tough is it to get a loan in india. If you give loans easily like in the US, you will see another 2009. Quote Link to comment Share on other sites More sharing options...
zarathustra Posted November 24, 2020 Report Share Posted November 24, 2020 9 minutes ago, Thokkalee said: China is also more than 100 years old... and most of the country as it is has been independent for many more years before that.. Most of the developments in China started like 2-3 decades ago... China was considered a poor country 3-4 decades ago.. So in 4 decades, that country has grown from being considered a poor country to now competing with US so much so that US has been pulling out of a lot of trade deals with them in the past few years. I would consider that an amazing story of success Quote Link to comment Share on other sites More sharing options...
zarathustra Posted November 24, 2020 Report Share Posted November 24, 2020 Just now, PilliBeta said: If you give loans easily like in the US, you will see another 2009. They still give loans to businessmen that are most likely to default though. Quote Link to comment Share on other sites More sharing options...
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