Value addition and taxation happens at all stages of raw product reaching final consumers, usage and even waste disposal. Risks and writeoffs too happen at various stages of production, distribution and supply chains. Those costs have to be factored in. Do the poor boycott television or movies that enrich performers? TV and movie are the opiate of our masses, who gladly trade in their hard earned money to liquor, gambling, vices, aspirational products, trying to buy happiness. Corporatisation of cooperative venture allowed an Amul or Vijaya to be successful and bring prosperity. Many work in NGOs for service, others profit. Same applies to PSUs and government. Yet private sector adds tremendous value to all sections of the economy. Taxation is not the only answer to wealth distribution. Wealth creation is most important for nation building, before distribution or expense comes into picture.
Posted on: Sun, 20 Oct 2013 14:05:25 +0000
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