Kumar’s government already receives over 75% of its revenue from - TopicsExpress



          

Kumar’s government already receives over 75% of its revenue from New Delhi, yet he agitates for more. The sustainability of his Bihar model will be determined by his ability to extract taxpayer funds remitted from other parts of India. Essentially, Kumar is willing to barter political support in exchange for even more funds from New Delhi. This kind of parasitic growth is unsustainable and undesirable. Not only does it hurt the poor, it weakens India’s federal structure by centralizing power in New Delhi and by making states dependent on Union government handouts. To quote economist Frédéric Bastiat, Kumar seems to believe in the fiction that everyone can live at the expense of everybody else.
Posted on: Wed, 04 Sep 2013 03:39:29 +0000

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