@ausstockchick You listed a bunch of events that have nothing to do with government. And rates are controlled by central banks which are autonomous and independent entities, regardless which party is in, inflation is controlled by monetary policy, has nothing to do with government
Millennial scenario right now…
You bought a unit in 2019 for 400k
Covid hit
House prices fell
Interest rates were cut
Everything looked uncertain
Russia invaded Ukraine Feb 22
Interest rates start rising May 22
In 2024 your unit is worth 650k
Your dream house is advertised for 1.2M
Your dream house sold for 1.3M
But you can’t service the mortgage on it
You can’t compete with 10 other offers
You can’t save more because everything is more expensive.
It wasn’t avocado on toast which killed the home ownership dream, the government did.
#auspol
Modi has delivered two impossible projects for Indics:
1. Abrogation of Article 370
2. Sri Ram Temple
Century defining moves. Yet he is slogging to convince Hindus! Can you imagine a similar reaction by Jewish people for a leader who resurrects The Temple Mount in Jerusalem?
The biggest inequalities in life occur at birth. Some are born abysmally poor, some rich beyond imagination. This has nothing to do with their hard work & has no moral justification. This is the reason why an inheritance tax to curb inequality is a must in any civilized society.
When you earn: income tax
When you save: capital gains tax
When you spend: GST
What’s left after all of this is what you call “wealth.”
On which you pay wealth tax.
In other words, every paisa you leave behind for your kids has thoroughly been taxed.
Multiple times over.
Even the house you leave behind gets taxed every year.
In what non-Maoist society, then, is inheritance tax ethical?
I’m no CA so I could be wrong.
Okay, so no wealth tax from 2016 onward. Great but in its stead, the “super-rich surcharge” is now 10% higher. Wealth tax used to be just 1%. Feel free to call it a “relief” if you will. But the question stands.
How is inheritance tax ethical?
@Schandillia Not everyone gets taxed equally. LTCG is 10 pc and came into being very recently. Corp tax is lower than higher slab IT.
Don't equate someone who hasn't done an honest day's of work with a salary earner paying 40 pc because of former's highway wali zameen.
This is extremely rabid and low even by his standards. Such brazen display of Islamophobia and attempts at incitement by the PM of the country, who supposedly represents every Indian, including the 20 crore Muslims. Disgusting!
Hello, @ECISVEEP are you awake??!!
@isaifpatel The hatred already existed in people. It was buried deep within them. He is only bringing it out to the front and making people show their real colours.
Modi was a nobody till he oversaw the massacre of Muslims in 2002. Post that, he never lost an election. In fact, his victories only got bigger with each election. His anti-Muslim politics is all that matters to the majority. The more Islamophobia he spreads, the bigger his win.
The Candidates showed that the world loves high stakes chess events. It is a shame that now we must wait an undisclosed amount of time for the World Championship and then another 1-2 years for the next Candidates.
Chess deserves a tennis calendar.
@PandyaVishwam@GothamChess Because they don’t know them. FIDE needs to get in touch with Ding and Gukesh, and the both of them will need to agree to payment, date/time/location, and format before anything can be scheduled.
We are interviewing candidates for an open role.
Most candidates keep asking to work from home for 1-2 days a week.
Talked to a candidate over the weekend. She wants to be in-office every day. Said it is conducive to learning & growing.
Guess who is the lead candidate now?
Absolute Heartbreak
It is difficult not to feel heartbroken for the Candidates who were so close, yet so far.
How much longer will Hikaru compete?
What's next for Fabiano Caruana?
And how about Nepo? Twice a challenger. Unbelievably close in his match vs Ding Liren. Now he has to re-qualify to even be in the next Candidates.
Was it their last chance? Will this be the changing of the guard in chess?
Nodirbek is approaching, Pragg will be back. Erigaisi and Keymer are next. Hans? Others?
Lastly - where does Magnus fit into all this?
@amywrites2 I love all the "Back in the day pregnant women would till the land !",
yes back when maternal mortality rate was 12x of what it is today and infant mortality rate was 15x ..!
Shut up, have a seat.
@angryoldman27 The 2 largest Private Land Owners in India are Wakf Board & The Church.
I wonder how they will feel when this Wealth Redistribution starts on the principle of "Jitni aabadi utna haq"
How was Modi supposed to respond to the redistribution rhetoric of RG?
By quoting Ludwig Von Mises and Friedrich Hayek? Or Frederic Bastiat?
He responded to it with the emotive imagery of a woman's "mangala sUtra" being examined. He's a politician not an egghead
@hydertext@RishiJoeSanu@shrikanth_krish bhag bsdk. he has no clue about indian civilisation. he is just copying what rabble rousers in Europe have done for decades. indians are ok to import shitty European ideas like this (and homoeopathy). hard to copy the good things
@RishiJoeSanu@shrikanth_krish Why on earth would Modi be compared to some white man from U of Chicago? He is the leader of the Indian people, with their own civilization, warts and all.
@abhijitkadle Food staying in your intestines longer than it should can not be all good? At some point it will show up as increased risks of colon cancer ?
Somehow dog-whistles are OK as long as they are against groups that are supposedly "privileged"
Dog whistles are not OK against groups that are supposedly "oppressed"