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Does increasing the tax really help India?
I’ve been thinking about how the government is handling taxes, especially GST. It feels like the focus is only on collecting more money instead of fixing how it’s being spent. For example, we still see issues like bridges collapsing and a healthcare system that struggles to meet basic needs. Shouldn’t we focus on spending money efficiently rather than just adding more taxes? Here’s my concern: 1. Too Many Taxes: I already pay 10% income tax, plus an average of 18% GST on most products I buy. Businesses also pay SEZ taxes, import duties on raw materials, and more. With so many taxes, how can Indian companies compete with global MNCs? 2. Impact on Spending: High taxes make me hesitate to spend. Instead, I put my money into gold or fixed deposits. If people spend less, how will the economy grow? Lower spending means lower production, which hurts businesses and jobs. 3. Lack of Value: Many of us feel that the services we get (like healthcare and infrastructure) don’t match the taxes we pay. This makes people even less willing to spend. I recently saw an interview with Elon Musk, where he said governments often waste tax money. I also saw one with Dr. Manmohan Singh, who focused on boosting GDP instead of just raising taxes like GST. Wouldn’t it be better if the government used the money it already has more effectively? Increasing taxes without improving services seems to discourage spending and hurt the economy. What do you think? Should the government focus on efficient spending instead of raising taxes?3
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