A Nation is an entity which binds different section of people together. It is responsible for all the redistribution and generation of wealth, providing basic services, providing security and so on. In return, it asks for two things from the citizens: either military services or taxation. However, modern states are more concerned about taxation. But… Continue reading Increasing Tax base in India
I was thinking about most visible planning failure in Delhi. Without much overburdening my grey matter I found it to be slums. Then, like any inquisitive fellow I thought about their genesis? Why are the people living these ‘inhuman’ areas? Why cannot we remove them? What could be the solution? Has the solution being even… Continue reading Easy Solution to Slums
Why capitalism flourished in USA and western countries while terribly failing in the Iran, Latin American countries? Some call this a result of institutions, leaders, geographic locations and what not. These are all important but there is something more. It is trust which makes all the difference. Imagine a ball comprising of bees in pond… Continue reading Trust and Capitalism
The above question has been bugging me for a long time. What’s the difference between me and Carlos Slim, Mark Zuckerberg and for that matter any billionaire or millionaire? With certain observation the answer became evident. Image credits - Google images The difference between rich and poor in social, personal, economic parlance. First one being… Continue reading What is the difference between rich and poor?