The Eastern Capitalist
84 posts
The Eastern Capitalist
@TEcapitalist
Finance Enthusiast | Investor | Credit Specialist | Hardcore Capitalist "Even a drop of socialism in an ocean of Capitalism is a contamination."
Katılım Ekim 2025
7 Takip Edilen6 Takipçiler
When you have physical gold, government can't retrospectively tax it.
But, when you have digital gold, government can & will tax it retrospectively.
Example: SGB gold bonds.
Government changed the rules.
Read about it.
Be smart. Own hard assets. And, balance with with growth stocks globally.
Never in your life (buy 1Rs) of Indian REITs. Indian Real Estate market is one of the most corrupt out there.
It is a great tool for a fund manager to make (more) money. But, as an investor, you will lose your pants.
I'm here to tell you the truth. What you do with it is your call. Use your brain: analyze multiple points. And, reach your own conclusion.
Gurmeet Chadha@connectgurmeet
Financial assets - FD, Bonds ,equity , REITs, InvITa, ETFs should be encouraged over hard assets. People launder cash using hard assets whereas financial assets are bought predominantly with tax paid savings. A BIG reform shud be 10% LTCG on financial assets. Also taxation would become asset class agnostic. This will deepen bond markets , banks would also get deposits and would get us patient risk capital across equity and bonds Suggested LTCG Equity 10% after 12 months Bond, FD, other listed non equity n Hybrid instruments : 10% after 24 months. For FPIs- taxation based on residency.
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@mehdirhasan Was he a CAPITALIST in your opinion? And if it is the nazi sympathizers who say this, then why would they want to distance themselves from Hitler? Isn’t that a little contradictory?
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A reminder that no serious historian, academic or anyone who has spent even minutes looking at Nazi Germany agrees with this. Hitler locked up the left, denounced the left. He was not a 'hardcore socialist.'
The only people who say this are... Nazi sympathizers & the far right.
Elon Musk@elonmusk
@paulg Hitler was also left, just a different type of left. Hardcore socialist.
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I don’t think anyone disagrees that it is a real phenomena. The issue I guess is that how much of that change is driven by humans compared to natural earth cycle. And even bigger issue is that no concrete solution has been proposed. Let’s say we were to shut down all the industries, because that’s the best we can do. The effect of that would be realized decades or maybe even a century later. Not to mention, the poverty and deaths we will bring upon humanity. So, the potential solution brings us to an unknown where we don’t know what the consequences would look like and most of us wouldn’t be alive to see it.
The birth rate has already fallen and the population is likely to get halved in the next 100-200 years. That may naturally reset the climate over time.
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I’m starting to think that I’m the only right-winger on this platform who believes that climate change is a real phenomenon.
Not saying it hasn’t been exaggerated in the media, but I just don’t see how you can wholesale reject it.
RS Archer@archer_rs
Apparently climate change is a myth.
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@Akshat_World Wouldn’t Market capitalization be a better measure for this exercise than GDP? Also, don’t think the underlying point is true. It somehow insinuates that China’s model is the best. Don’t think we have enough data from China to conclude that.
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> China's richest person (Zhang Yiming): 70Bn$
> US's richest person (Elon): 850Bn$
> India's richest person: 100Bn$
Size of India's GDP=4Tr$
Size of China's GDP= 21Tr$
Size of US's GDP= 31Tr$
Here is what you can infer:-
1) In China, the wealth can't be easily privatized. The benefits of creation of wealth flows to society.
Therefore, we see inexpensive high quality food, stable rents, good infra.
2) In the US, the wealth is privatized. Entrepreneurs (like Elon) make crazy money. Investors who tag along, can build amazing well as well.
3) India: model is being discovered.
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So, would Reliance, Tata Group, Adani, Airtel not exist if not for the things you mentioned?
You can claim India is not a free market, or it has issues of corruption and various other issues. But believe it or not, the billionaires have contributed significantly to growth of this country. If it were more free, you’d have more companies come up and more people becoming rich. That would also mean less poverty.
Dr Aniruddha Malpani, MD@malpani
This is wild. India has 200 billionaires. India also has 350 million people going to bed hungry. The billionaires didn't earn their wealth in spite of that poverty. They earned it because of it — cheap labor, captured regulators, rigged contracts. Still calling it a free market? #IndiaInequality
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My Two cents on this matter:
1) First of all, the government should get out of the business of providing services which private businesses are providing. So, they shouldn’t be providing insurance or footing the bill for medical services.
2) They should stay in the lane of regulations. Even with capitalism, you can have regulations. They should ask all the medical providers to publish the prices of all the services they provide, so that the patient knows the expected bill BEFORE it goes to the insurance company.
3) Insurance companies should be mandated to do away with the concept of co-pay, co-insurance and deductibles. Instead, they should specify the annual coverage they would provide for the patient in the given premium. For example, a yearly premium of $6,000 gives you a coverage of $25,000. Higher coverage or high risk individual would invite higher premium.
4) After that, if someone is not able to enroll in private insurance because of low income, then a budget can be allocated to provide relief in the form of vouchers which can be redeemed only for insurance premiums.
This way you’d have more transparency in terms of the cost and the insurance would actually have to provide insurance for the amount you pay premiums for.
I am not an American but have lived there for some years in the past. I can say from first hand experience that the quality of healthcare in the US is perhaps the best in the world but it really doesn’t matter if most people can’t afford it. I say this because I live in a country where we have many government facilities but the quality is not even close. But the private insurance sector is still much better managed. So, I guess you can take the best of both worlds to make a better system which can be enforced everywhere.
You have done some great work in this area and it feels you really want to make a change for the better. Hope you succeed! All the best!
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Ok. Take government completely out of healthcare. No rules. No laws. No Medicare. No Medicaid. Hospitals, insurance companies, can do anything they want.
What do they do ?
If you were running any of the biggest insurance companies or hospitals, what would you do differently once gov was completely out of healthcare ?
Matthew Bednarik@BednarikMatt
@mcuban @GovBillLee Or just let the free market compete and get the government out of Healthcare. A free market would inevitably lead to lower costs for consumers.
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@MetamateDaz How about you become a billionaire and then do those things that you say you’d do?
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I genuinely don't understand people like Bezos and Musk.
If I had billions of dollars, I would just start fixing everything. Homeless veterans sleeping on the streets? Not on my watch. Hungry children going to bed with empty stomachs? Hell no.
They could be making life better but instead choose to build spaceships and data centers to pump stocks and destroy the planet
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Indian consumers may not have market pricing but the industries, OMC's still have to pay the market prices which directly affects the cost of the products. You are only referring to petrol prices at petrol pumps. Take fertilizers for instance. India paid more than double per tonne recently than what it used to pay before the war. I think it was over $9,000 compared to about $4,000 earlier. Take the rupee depreciation on top of it, then see the issue.
It is true that these things happen in cycles and then it dials down. But the currency depreciation for a currency like rupee has direct impact on the consumers. In fact you can already see that. Last month's WPI was over 8% compared to above 3% a month earlier.
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@TEcapitalist @APanagariya India does not have market pricing for fuel, fertilizers or food. These are the items that matter to the vast majority of Indians.
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The sheer nonsense being peddled on USD/INR exchange rate is breathtaking!
I repeat, for the vast majority of Indians (over 99% of the population, perhaps more than 99.9% of the population) there is no need at all to consider foreign investments or be bothered by what the USD level is at.
Beware, there are some motivated financial interests and typical “intellectual” retards, which are hectoring the Govt and scaring consumers about this non-issue, or trying to pressurize the central bank to “defend” the rupee - which as the erudite Prof. @APanagariya has laid out, would not be wise at all x.com/i/status/20574…
x.com/rmantri/status…
VatsRohit@KesariDhwaj
She's right. 15 years earlier, I used to buy 1 USD for INR 45 from FOREX market and use it to buy chowmien from the road side stall next to my house. Today, while the cost of chowmien has remained at 1 USD, I have to spend INR 97 to buy the same USD. Need to convince Chowmein wali didi to sell chowmein in Rupees. And her cousin how sells Momos also in USD.
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When rupee falls and oil prices increase, it leads to direct inflation. And its not only direct goods. Think of web services, cloud management, which most of our IT sector relies on, all of which becomes expensive. There is a reason why companies like infosys and TCS projected a subdued revenue growth for this year. A fall against dollar does increase the direct and indirect costs for India, which ultimately leads to less purchasing power for the currency.
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@Heccles94 So, when they hoard it, who created it in the first place? Did it just fall from the sky?
And profit from other's labor? So, are the labors working for free?
And landlords? What are they supposed to do? Just invite people to live on their property for free?
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Landlords don’t build homes, they profit from them.
Bosses don’t create jobs, they profit from others Labour.
Billionaires don’t create wealth, they hoard it.
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@FlintDibble Net negative? Yet, you had to send this message to the world on a platform built by a billionaire and owned by a billionaire?
Does it ever occur to you that maybe they are billionaires because they were able to create and sell something that a lot of people wanted to buy?
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Nah dude. You, and other billionaires, are a huge negative on society
Increasing economic inequality in the industrialized world has decreased quality of life, birth rates, and life expectancy. It has decimated our political system, weakened science, and ravaged the environment
CNBC@CNBC
Jeff Bezos: "If I do my job right, the value to society and civilization from my for-profit companies will be much, much larger than the good that I do with my charitable giving."
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Which period are you referring to? The period of great depression or the period after world war?
If you are referring to period after 1964, then know it wasn’t the best time. The tax rate was nearly 70% and not 90%. It was a better time than before that though. Do you know why? Because the tax rate was reduced from above 90% to around 70%. Then still you got the stagflation and had to reduce it further.
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Funny how the best economy the US ever had was when the top marginal income tax rate was around 90%.
It's not the redistribution that matters. It's destroying the power of people like Bezos and Addelson over politics.
Mike Beauvais@MikeBeauvais
“Doubling my taxes won’t help anybody,” says man sitting next to the literal rocket ship he personally owns.
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@DefiantDevii What’s idiotic in this post? And, what’s the alternative?
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How hard will it get for the Indian population to get this idiot out?
Narendra Modi@narendramodi
Upon landing in Rome, had the opportunity to meet Prime Minister Meloni over dinner followed by a visit to the iconic Colosseum. We exchanged perspectives on a wide range of subjects. Looking forward to our talks today, where we will continue the conversation on how to boost the India-Italy friendship. @GiorgiaMeloni
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@DouglasLFarrar That’s true. They don’t. They strive for efficiency and governments will never be able to do that.
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Bezos said that there is so much wasted gov. spending and an Amazon CFO could cut 3% of the federal budget "on a Tuesday afternoon."
A year ago, DOGE promised $2 trillion in savings. They delivered 0.1%.
Billionaires have no idea how government works, and they never learn.
More Perfect Union@MorePerfectUS
Bezos: "We have way too much corporate welfare, way too much corporate subsidies. There's way too much influence in politics from business, in some cases, wealthy people who really focus on that, unions. There's a bunch of people interfering in the political process." Amazon has received $15 billion in government subsidies since the year 2000 and paid 1.4% in federal taxes for 2025.
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@actingliketommy Okay, let’s shut down McDonalds and cut down on the greed. At least 2 million people would be rendered jobless directly or indirectly.
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McDonald's Net Income in 1990: $802 million
In 2024: $8.223 billion
It's not the wages. It's the greed. They don't charge more because they have to, these companies are looting.
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Tax the super rich.
Tax the babas( all religions)
Tax BCCI
Agree?
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@Heccles94 That’s about 7% of the annual federal budget.
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Brilliant, let’s test it and double your taxes!
(Estimated global tax avoidance by Amazon is $50,000,000,000 FYI)
Wall St Engine@wallstengine
Jeff Bezos: "I pay Billions in taxes. You could double the taxes I pay and it won't address the issue. Don't pretend that Higher taxes on wealthy will solve the problem. This isn't anyone's Fault but Govt. Policy"
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What you said is also half true. Guys like Bezos and Musk may have many years where they pay low or no tax but then they have some years where they pay in billions, because they have to pay capital gains when they sell their stock.
Look you can try to find reasons to take more money from them but the simple fact is that they have paid enough tax that most people wouldn’t pay over their lifetime. Effective tax rate becomes irrelevant then. Their contribution is simply more than the average population.
You can argue they shouldn’t be getting subsidies and other government benefits but taking more money from them is just a dead end. There is no benefit there for anyone.
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This is a half truth. The top 1% is bankers, layers, small business owners, and highly paid employees and execs. They pay a very high effective tax rate. The super wealthy like Bezos, pay an extremely low effective tax rate, similar to a middle class family.
Jeff Bezos@JeffBezos
Yes, the United States has the most progressive tax system in the world. The top 1% pay 40% of taxes, the bottom 50% pay 3% of taxes. We can make it even more progressive by zeroing out taxes on the bottom half. It’s a small amount of the total tax revenue but very meaningful to people in this group.
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You didn't counter a basic logical argument and instead concluded we lost the argument. They "DON'T PAY ANY TAXES AT ALL". Its a FALSE statement. From the total income taxes collected, almost 40% is paid by the top 1%. So, it's not me who's out of touch. You just don't want to accept reality.
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@TEcapitalist @hasanthehun GIVE IT UP. You guys have long since lost the argument. Anyone defending wealth inequality on this massive, unprecedented, mind-blowing scale is compromised. They don't pay ANY TAXES AT ALL and you're only argument is "when is it enough". You are out of touch.
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somewhere out there, theres a dude making 45k a year and he absolutely believes this nonsense down to the bone
More Perfect Union@MorePerfectUS
Jeff Bezos on CNBC: "If people want me to pay more billions, then let's have that debate, but don't pretend that that's gonna solve the problem. You could double the taxes I pay, and it's not gonna help that teacher in Queens.... Airbnb isn't causing high rents. What's really causing high rent is government intervention."
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