Abolishing Income Tax is the only way to fix the Economy: Subramanian Swamy

BJP Leader Subramaniam Swamy, who was the Minister of Commerce and Industry between 1990 and 1991, said that the only step to mitigate economic problems of India is to abolish income tax, in an exclusive interview with The Quint

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[myvu-mvix]

he is a Harvard trained
economist
who worked under
dr paul samuel son and dr seimen cusniks
who are the great nobel price winners and dr seimen cusneks is an inventor of gdp notion
he is one of the 7 students of seiman cusneks in his entire life
dr swamy s invention that is theory of index numbers is now in use in the entire world to calculate gdp in and out
if you don't mind he may have his own thoughts on that mater

[stingsweet]

It's true that abolishing Income tax would significantly improve the economy. Middle class will have more spending money and this will revive sales. Income tax dept staff can now shut shop and be employed in swacch Bharat scheme as they are experts in cleaning middle class pockets.

[krishhabh]

Abolish income tax and increase gst on mid and expensive products, then every citizen will contribute to indian economy. In foreign countries also taxes are high but there every citizen will pay income tax where as in india hardly 2 percent people pay direct income tax and also gst where are in unorganized sector people earn crores but not pay tax and also utilize governments schemes.

[kedarnadkarny]

I live in Texas and they don't collect state income tax. They collect revenue by having higher sales tax. Basically, the government collects money from indirect sources. This idea can work in India, but for it to happen, all small businesses must pay tax and not accept cash. (Note. I am not a fan of Swamy and I find his ideas repulsive)

[Koushi]

Omg I love this guy saying what I have been for years.

[nsuobjn]

Finally a man speaking for the middle class

[tanujambwani]

Absolutely Bull's Eye...! This is what a REAL ECONOMIST's VISION is...!! I bow to you (in my true spirit) Mr. Subramanian. This is what I dream to see in my lifetime in India.

[tstcikhthyss]

Clearly everyone here who thinks what he's proposing is a joke or is a populist policy have no idea about economics. Swamy has a PhD from Harvard in Economics, and was on the verge of getting the Nobel Prize for it. Most politicians are pretty naïve about everything, but Swamy's right on the money here. I'm very against the BJP, but still agree with Swamy on this one. India has an abysmal rate of tax collections, and it's known to squander it on idiotic subsidies and giveaways. Abolishing the income tax, coupled with an increase in GST, would highly incentivize savings resulting in a huge influx of capital from domestic and international sources, and all of it would go directly into infrastructure and other capital investments without the incompetent government getting involved. If the labour and land laws are relaxed as well to facilitate said investments, India's GDP growth rate would skyrocket to 12-15% for the next decade. In 10 years, we'd be an upper-middle income country on a PPP basis.

[suryasingh]

Why short clips though why not full episode???

[srinivasansalem]

Good advice to govt of India. After GST, why income tax.

[MayurBharali]

How it will benefit the economy if direct tax is abolished plz someone explain?

[archishmanchakraborty]

Mr. Swamy is not helping his candidacy by making such sweeping statements.

[roshanmakwana]

Indian income tax is so complicated n large in volume

[uguensonam]

Income tax in India is progressive where rich will pay higher share of income while poor doesn't pay at all. Moreover, only 2% of Indians pay Income tax. Therefore, abolishing income tax is unlikely to bring much change in economy. Rather, government should focus on big businesses and billionaires who often don't pay their share of income and corporate tax. Government can also increase the taxable income range from 2.5 lakh to 5 lakh so that middle class and lower middle class don't bear the brunt of income tax.

[shankarbalakrishnan]

Well done no income tax others exist❤❤🎉🎉

[binayakg]

Won't comodity prices be increased by the seller as people get more money in there hand ?

[namaskarindia]

एक देश एक अप्रत्यक्ष कर कानून का समर्थन करना चाहिए हर पार्टी को, सिक्किम की तरह सिक्किम में आयकर नहीं है जबकी जीएसटी है

[andrewadam]

Income tax in the US should be illegal anyways.

Webster dictionary on slavery
1a: the practice or institution of holding people as chattel involuntarily and under threat of violence
b: the state of a person who is forced usually under threat of violence to labor for the profit of another
c: a situation or practice in which people are entrapped (as by debt) and exploited
2 : submission to a dominating influence
chattels
2:an enslaved person held as the legal property of another

AMENDMENT XIII
Section 1.
Neither slavery nor involuntary servitude, except as a punishment for crime whereof the party shall have been duly convicted, shall exist within the United States, or any place subject to their jurisdiction.

AMENDMENT XVI
The Congress shall have power to lay and collect taxes on incomes, from whatever source derived, without apportionment among the several States, and without regard to any census or enumeration.

How does amendment 16 not violate amendment 13. The collection of income from us citizens inherently put the US Congress in a position of being the institution exploiting its citizenry made legal by amendment 16. The US citizen is also inherently put in position as chattel due to this. Income tax is the profit from labor of the ordinary citizenship and the citizenship is forced to submit to the dominance of Congress by amendment 16.

Courts have ruled that the government has a right to tax its citizenry which is not in contention. Sales tax is a tax that is consensually agreed upon at the time of purchase. No American citizen has consensually agreed to paying income tax to any state or federal government except through a representative that without the permission of the citizenry, imposed upon the masses against their will and possibly in favor of a select few.

Judges who have ruled in cases in favor of income tax have violated their oath to the constitution and to the freedom of the individual us citizen from the government from which the constitution was founded. They violate amendment 13 in favor of amendment 16.

No judicial finding explains how income tax is not slavery or involuntary servitude to the state. The findings from such cases are always ambiguous. Such as: In Porth v. Brodrick, 214 F.2d 925, 926 (10 th Cir. 1954), the Court of Appeals stated that "if the requirements of the tax laws were to be classed as servitude, they would not be the kind of involuntary servitude referred to in the Thirteenth Amendment." Courts have consistently found arguments that taxation constitutes a form of involuntary servitude to be frivolous.

No reason here on what is meant by “they would not be the kind of involuntary servitude referred to in the Thirteenth Amendment." just that it is. Reason being is, because it is what is meant by the 13th amendment as stated by the definitions of slavery, chattel, and indentured servitude.

Porth v. Brodrick, 214 F.2d 925, 926 (10 th Cir. 1954) - The court described the taxpayer's Thirteenth and Sixteenth Amendment claims as "clearly unsubstantial and without merit, " as well as "far-fetched and frivolous."

Again the judge here gives no reason other than it just is.

Ginter v. Southern, 611 F.2d 1226 (8 th Cir. 1979) - The court rejected the taxpayer's claim that the Internal Revenue Code results in involuntary servitude in violation of the Thirteenth Amendment.

No reason given just a rejection

Kasey v. Commissioner, 457 F.2d 369 (9 th Cir. 1972) - The court rejected as without merit the argument that the requirements to keep records and to prepare and file tax returns violated the Kaseys' Fifth Amendment privilege against self-incrimination and amount to involuntary servitude prohibited by the Thirteenth Amendment.

Again no reason, just a rejection.

Now the reason for this is because the citizenry is trying to deal with a matter through the judicial system when the grievance should be taken to Congress and its members. Those members in favor of upholding income tax should answer to why and how income tax is not in violation of the 13th Amendment. If found guilty of imposing, and affirming the continued practice of slavery or indentured servitude upon the citizenry of the US, those members should have to stand trial by their peers. Guilt should be established upon the individual if the member cannot describe why they are favor of such institutional practices and how it doesn’t violate the 13th amendment. If a member of Congress is ignorant of such institution, then they should be given clemency and Congress should repel amendment 16 on grounds that it is an institutional instrument of slavery and or indentured servitude.

[bharat..n]

It is correct but y don't u do that like demonetization

[aiyazhasnain]

Maybe this the new jumla for the upcoming state elections!!!