Sunday, January 30, 2011

What is in store in this Budget

The budget is just round the corner and now as usual we can expect higher taxes for the supposedly rich people and subsidies for supposedly poor people which never manage to reach them.
The railways would increase the fares for AC travel as usual, the finance minister would impose more tax on higher income individuals.
With all this the people who continue to stash black money in foreign banks and in other avenues like creating asset bubble in real estate sector would go untouched.
Subsidies would be granted to the poor in various forms only to be gobbled up by the babus and the politicians before they reach the needy. This has been going on several years and would continue to happen in the days to come.
I guess we are just waiting for a revolution to bring about this change. We would keep on waiting for a change unless we become the change we want to see.