First things first
state which we commonly refer to as Govt by design is coercive & is a MONOPSONY & MONOPOLY on VIOLENCE
By that I meant it both physically -economically & psychologically
And it's important to note that everything a govt does including taxation inhibhits personal liberty & resources ...this is a trade off for individuals to gain a nation where security -rule of law -equal opportunities etc are exchanged
So it's obvious for citizens who made this agreement to expect the returns from Govt that's the right of every citizen & arrangement
But that doesnt mean state can unilaterally decide whats good for particular indivudual or a administrative judistriction like district can be serviced as per that particular individual or districts demand but rather its a portfolio approach as every other such service consumes limited resources & may be not good for all
And that's why the democratic process is important in servicing the trade cont.....
Please take your time xD 
btw incase i took long to respond i will respond in the morning incase i slept without me knowing it lol my hands are already shaking lol on typing xD (just apologies before hand:) hehehe)
For context let me put that same comment here what I have put there in that non related post
for the context of the viewers and spectators to and participants to understand the different views
First things first
state which we commonly refer to as Govt by design is coercive & is a MONOPSONY & MONOPOLY on VIOLENCE
By that I meant it both physically -economically & psychologically
And it's important to note that everything a govt does including taxation inhibhits personal liberty & resources ...this is a trade off for individuals to gain a nation where security -rule of law -equal opportunities etc are exchanged
So it's obvious for citizens who made this agreement to expect the returns from Govt that's the right of every citizen & arrangement
But that doesnt mean state can unilaterally decide whats good for particular indivudual or a administrative judistriction like district can be serviced as per that particular individual or districts demand but rather its a portfolio approach as every other such service consumes limited resources & may be not good for all
And that's why the democratic process is important in servicing the trade
if you say coercive & is a MONOPSONY & MONOPOLY on VIOLENCE,
then i think this will get to the base of system of ruling a country
so that will lead to comparing the system of Govt.
1) Democracy is one system (to be frank i would say we have pseudo democracy in India)
2) Communism is another such system as well
3) ... etc lot more
so many systems are like that... so we can't just blindly think MONOPSONY and MONOPOLY, because its a type of system , we can't go against system right? but we can go aginst new rules that the system upgrades itself (like this new ITR and things) which we can get vote from people in "Pure democracy like USA" , but here in India sadly we have "pseduo democracy + indirect democracy"
so this India with huge population to work effectively in for our system to work effectively it needs MONOPSONY & MONOPOLY.... i am not sure about that violence though:)
I can't accept that violence part sadly
Its gonna be long essay (Sorry for the long essay lol) apologies
Where in the world people like delayed gratification like savings with investment??? so which is why people were forced on ITR to invest in something using section 80c like LIC policy or something else, so OLD TAX REGIME is best for INDIA AS A COUNTRY OF SAVING DRIVEN ECONOMY, but now they are ditching this tax system and moving into NEW TAX REGIME WHICH IS DIRECTED TOWARD SPENDING PURELY NOT SAVING
Who in the world will save when they are at the AGE between 20 and 30, and later when they know that THEIR family needs savings IT BECOMES TOO LATE, their COMPUNDING EFFECT ALREADY RUINED WITH NO SAVINGS because GOVT not forced to saved during 20s and 30s from their earning because of ITR, and then they suddenly crave riskier assets and more spending
So the point is : People dont get auto motivated for investing at young age AT THIS POINT OF TIME OF YOUNG AGE THEY NEED TO BE FORCED BY ITR, so the moment the ITR is not forced to save in section 80 and made OPTION FOR PEOPLE TO CHOSE THEIR INVESTMENT the people would think they will do it at later point of life but before they knew it, they become old as 40 and lost their precious years of compounding effect, at 40 they understand saving and investing is must, when they have family , they want safety for them so they start investing, but if that is forced when THEY JOINED JOBE, their salary partly will be forced into Section 80c when they are in their tip of their foot without any motive for saving at age of 20 to 30
"Saving with investment" is a delayed gratification thing young wont understand unless they get a family around them to save for
which is why LIC (not only LIC, all other investment tool in section 80c and everything in old ITR is best for saving and investing economy) by forcing investment using Investment policies with tax rebate
BUT NOW the govt is forcing everyone to not save WITHOUT TELLING THAT OPENLY
remember the children who withhold delayed gratification in MARSHMELLOW EXPERIMENT shined greatly in future life -> PROVEN RESEARCH IN PSYCOLOGY
So this old ITR system is kinda forcefuly making people to do investment FROM YOUNG AGE WHEN THEY ARE most FREE in life TO DO SO WITOUT COMITTMENT OF FAMILY and saving in a delayed gratification way.. without them knowing that this will help them in future for their family
but now new ITR is GIVEN IMPORTANCE AND OLD ITR IS ALMOST MADE DEAD
so yes govt is pushing people to spend NOT SAVE OR INVEST
my personal view:)) no offense to anyone
Very true
hahahahahaha okie okie i wont bore you too long xDDD
Govt is giving you a choice. Regarding savings, govt wants citizens to grow up and understand importance of saving instead of forcing it. Same citizens give GYAN to cricketers, govt how to their business, so hope they can secure their future without govt telling what to do.
Dont think about smart ones like you:)
think about the majority of people who are not smart in investing:) xD then you will understand what I mean
I hope you are smart enough to understand that majority of people dont even bother saving, then there is lesser and lesser chance of investing for them xD
Its gonna be long essay (Sorry for the long essay lol) apologies
Where in the world people like delayed gratification like savings with investment??? so which is why people were forced on ITR to invest in something using section 80c like LIC policy or something else, so OLD TAX REGIME is best for INDIA AS A COUNTRY OF SAVING DRIVEN ECONOMY, but now they are ditching this tax system and moving into NEW TAX REGIME WHICH IS DIRECTED TOWARD SPENDING PURELY NOT SAVING
Who in the world will save when they are at the AGE between 20 and 30, and later when they know that THEIR family needs savings IT BECOMES TOO LATE, their COMPUNDING EFFECT ALREADY RUINED WITH NO SAVINGS because GOVT not forced to saved during 20s and 30s from their earning because of ITR, and then they suddenly crave riskier assets and more spending
So the point is : People dont get auto motivated for investing at young age AT THIS POINT OF TIME OF YOUNG AGE THEY NEED TO BE FORCED BY ITR, so the moment the ITR is not forced to save in section 80 and made OPTION FOR PEOPLE TO CHOSE THEIR INVESTMENT the people would think they will do it at later point of life but before they knew it, they become old as 40 and lost their precious years of compounding effect, at 40 they understand saving and investing is must, when they have family , they want safety for them so they start investing, but if that is forced when THEY JOINED JOBE, their salary partly will be forced into Section 80c when they are in their tip of their foot without any motive for saving at age of 20 to 30
"Saving with investment" is a delayed gratification thing young wont understand unless they get a family around them to save for
which is why LIC (not only LIC, all other investment tool in section 80c and everything in old ITR is best for saving and investing economy) by forcing investment using Investment policies with tax rebate
BUT NOW the govt is forcing everyone to not save WITHOUT TELLING THAT OPENLY
remember the children who withhold delayed gratification in MARSHMELLOW EXPERIMENT shined greatly in future life -> PROVEN RESEARCH IN PSYCOLOGY
So this old ITR system is kinda forcefuly making people to do investment FROM YOUNG AGE WHEN THEY ARE most FREE in life TO DO SO WITOUT COMITTMENT OF FAMILY and saving in a delayed gratification way.. without them knowing that this will help them in future for their family
but now new ITR is GIVEN IMPORTANCE AND OLD ITR IS ALMOST MADE DEAD
so yes govt is pushing people to spend NOT SAVE OR INVEST
my personal view:)) no offense to anyone