BY ATHAR MUDASIR
As Government is alleged to bring income tax exemption for up to 5lacs. no matter it seems mouth watering for the middle class and employed persons. but in fact, this loop in tax makes the government face a huge fiscal deficit in the forthcoming year. when a nation loses its revenue it proportionately reduces its development projects and halts defence development thereto. The government makes inflation to acquire such deficit which alternately reduces or devalue the currency and which proportionately crunch startups and entrepreneurs and domestic industry hence encourage imports and discourage exports in goods and services, which in due course deprives GDP.
The communal capitalist has lost their intellect in securing trifling gains of the vote and destabilise the whole nation. For a commoner, it might seem pleasant but economics has its own parameters and if neglected will bring death to the system.
As for leftist, this can become a key element and strategy to overthrow the unsystematic regime which does not come out from their fanatic fabric and plunge whole nation to devastation. The problem such things don't help people but make they more indebted to the system which sucks their hard owned money.
As Government is alleged to bring income tax exemption for up to 5lacs. no matter it seems mouth watering for the middle class and employed persons. but in fact, this loop in tax makes the government face a huge fiscal deficit in the forthcoming year. when a nation loses its revenue it proportionately reduces its development projects and halts defence development thereto. The government makes inflation to acquire such deficit which alternately reduces or devalue the currency and which proportionately crunch startups and entrepreneurs and domestic industry hence encourage imports and discourage exports in goods and services, which in due course deprives GDP.
The communal capitalist has lost their intellect in securing trifling gains of the vote and destabilise the whole nation. For a commoner, it might seem pleasant but economics has its own parameters and if neglected will bring death to the system.
As for leftist, this can become a key element and strategy to overthrow the unsystematic regime which does not come out from their fanatic fabric and plunge whole nation to devastation. The problem such things don't help people but make they more indebted to the system which sucks their hard owned money.
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