New REASON for Govt to increase TAX

Lol you don't understand that GOVT is in the business of GOVERNANCE not in the business of Running business 

And large scale implications of COST TO ECONOMY for Every rupee collected by Govt is more than 2.3 Rs as per economic reports across board & this is even Before COVID analysis 

Given only there 36 people per 1000 population is the Govt approved Jobs which is very low than any other major economy out if which too atleast 20% are not filled which means a barely early single digit population are eligible for this which is paid by all 

Now you have to pay for pension too of 3 % of elite govt employees... Although it may be buried under lot of indirect ways but Ultimately Tax is borne by All taxpayers

Governance is about government doing it's basic reason of existence which governance which provides a fair opportunity - level playing- bi partisan - rule of law & enforcement of it  

Rather than govt being a player in the market it should play the enabler of the industries this was the same plank that The current dispensation leader got his political capital in 2014 by the slogan MINIMUM GOVERNMENT MAXIMUM GOVERNANCE

Govt has no business of running a business apart from CORE ONES LIKE DEFENSE- HEALTHCARE-EDUCATION etc 

No point in this support for PSU governance because BANKING is the most profitable PSU BLOCK as per latest 5yr reports but all of them squarely miss the point of CAPITAL INFUSION which was made by Govt to rescue the same from NPA & BALANCE SHEET crisis. If we consider the cost of that Profit is going to turn peanuts 

Same is the case for almost all MAHARATNA & Navaratna PSUs leaving behind a loss making pool of mini ratnas would be like adding fuel to the FIRE of PUBLIC MONEY going for few people's welfare 

There's is no precedent for Govt running business profitably in past 75yrs from congress running away from core HATRED OF PROFITABILITY LED BY NEHRU not the succesive ones -nor does the BJP led Vajpayee govt

Even globally too no country has run PSU s in economically viable situations including CHINA -RUSSIA

So just by wishing to get GOOD GOVERNANCE on PSUs doesn't make them one as incentives are mis aligned here

Your choices are limited and has lots of downsides too 

Europe has its own crisis of defending themselves from thier own conflicts accelerated by Russian agression on nato & declining Work force, If US withdraws from providing military AID to EU & NATO then EU has to depend on Hired CONTRACT ARMY from NORTH AFRICA - when ARMY DOESN'T WORK ON PATRIOTISM instead work FOR MONEY it would be disastrous to say the least.... And US is going to withdraw the support sooner or later amidst geopolitical & economic interests 

Even EU especially Scandinavian ones are becoming ANTI IMMIGRATION 

Then comes NORTH AMERICA which is becoming more self protective & anti immigration especially USA led by TRUMP & Justin Trudeau opposition in CANADA which is almost the possibility of coming to power , USA has more issues like healthcare - Racism -gun violence- ballooning govt debt etc 

Then comes SOUTH America which is not there's anything of hope to have better lifestyle than back home 

Then AFRICA i hope I don't have to give you reasons for this 

Then comes Middle East which has similar defense problems as EU but more aggressive Radical ones ranging from Iran -Israel to ISis even if that doesn't bother you then you have to bear the harsh climate 

Then comes CHINA which isn't a fir for no of reasons

So do South East Asia which has it's own issues of similar lifestyle Expectancy & Chinese bullying to what not except JAPAN whose economy is doldrums fro decades which is like not conducive 

Then comes AUSTRALIA which is another hor bed of Harsh climate & racism not to forget the nature which always wants you to be dead 

Of course there are few islands of hope amidst this like Newzealand -ports of Southern europe -nordic countries - some tax havens but i don't find it easy to relocate from INDIA we're struck with atleast in present scenario.... Good luck to move out 

3 % is the optimistic no it's even lower but approved jobs are slightly above 3% 

Then 8 % isn't having any hope given the financials of govt even under such good growing economy... And expecting them to get pension is a long stretch of imagination and they're bound to be unemployed if they choose to stick withrhe hope for govt employement 

Then why do 3% populations family be unproductive just because one family member has pension... This is why labour force participation is low especially among Female population... No other country include in the past several thousand years has seem development with 1\2 of thier population Unemployed (1/2 being female + family) 

Then no pint in talking about 8% family population..... Nor does your stretch of imagination of 30-40%

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My main concern here is incentive to be productive is lost even for those 3% and thier families apart from the real economic reality where ppp income keeps them at far below thier potential productive capacity

Then comes the 14-18% outgo for Govt which is not a small no for a tax -gdp ratio in early teens & there's far outcry on high tax rates and thus 4 % would be at the cost 97% population just for benefiting 3 % population..... I can't think of much worse scenario than this