Dear FM Madam @nsitharaman ji,
- Abolish STT
- STCG at 15% if sold within 1 year
- LTCG at 10% if sold within 2 years
- ZERO LTCG if held for more than 2 years 🔥🔥🔥
Reward Long Term Investors. Keep it Simple 👍
On Behalf of Investors,
#FI
Thought experiment
India exports to USA are 2 pct odd of GDP. If they fall 10 pct, India loses 0.2 pct
Gdp growth is 6 pct odd. So to recover 0.2 pct should take 12 days.
Can recover to pre tariff levels by working on Saturdays and Sundays for 6 weeks.
Get on it, boys and gals.
Key question: how come the Stock Exchanges never sanctioned Jane Street? They are the very first to get such alerts. Will tell you why: simple conflict of interest.
I have long held that Exchanges should NEVER get listed. They are a regulator. Profit motive creates endless conflict of interest. How can they sanction JS when it drives FO volume massively, hence SE profits.
SEs should be a utility, not for-profits.
Simple as that.
Nahi to, suffer all this hanky panky
A Common Middle Class Person wants to buy an Alto. He works hard, pays income tax and finally goes to showroom to buy a first 4 wheeler for family.
This is what he sees.
Base Price (Pre-Tax): ₹3,87,596
GST (28%) + Cess (1%): ₹1,11,903 (29% of ₹3,87,596)
Road Tax + Regn Charges: ₹94,248
Insurance: ₹30,890
So basically, after paying income tax of 15-30%, the family pays 3.87 Lakh to the Car Company & 2.06 Lakh to the Govt. in Form of GST & Road Tax Charges.
The Govt Earns almost 53% of what the Car Maker Earns. The tax payer feels betrayed.
It is High Time, the Government rethinks on the GST for a basic 4 wheeler. 28% is ridiculously high.
The Govt. should earn not more than 10% on the hard earned money which the tax payer spends for a Basic Car.
Anything more than 10% is a message that you do not value tax payers in the country !!!
Time for some Action. I request my middle class friends to share this message far and wide...
On behalf of middle class tax payers,
#FI
Scrolling Instagram is easy.
Skipping the gym is easy.
Ignoring your SIP is easy.
Neglecting your goals is easy.
Easy won’t get you anywhere.
Easy decisions = Hard life
Hard decisions = Easy life
"Life is suffering." - Buddha
This seems like a negative outlook. But what did Buddha really mean when He said this?
And how to get rid of this suffering?
A new video -
https://t.co/mkpINfWibB
Comedians like Kunal Kamra should take tuition classes from our PM Modiji on how Real Comedy is done 🔥🔥🔥
Pure Class Act from the Leader of the Largest Democracy in the World.
Repost until it reaches all comedians...
#FI