You don't need to be CA or an economist to understand the simple calculation.
Indian spends 1% of its GDP on health, 1.5% on defence and 2.7% on education.
This guy is promising such a high portion of GDP as freebies just to winelections. He needs treatment and nobody around him has courage to tell him.
This is total bullshit by congress party. It always wanted to give people free benefits at the cost of national development and make the people of this country dependent & unproductive. This is merely for getting the votes and rule the country for their own betterment and profit.
All this money will be that money which will be collected from all the taxpayers in any of the the form by government and instead of using it for national growth and development, they will be using it to make the people dependent and unproductive.
This explains why Socialism won't work, and always fails.
Is this man a genius? Kudos To This Insightful Prof. An economics professor at a local college made a statement that he had never failed a single student before, but had recently failed an entire class.
That class had insisted that socialism worked and that no one would be poor and no one would be rich, a great equalizer.
The professor then said, "OK, we will have an experiment in this class on this plan". All grades will be averaged and everyone will receive the same grade so no one will fail and no one will receive an A…
(substituting grades for dollars – something closer to home and more readily understood by all).
After the first test, the grades were averaged and everyone got a B. The students who studied hard were upset and the students who studied little were happy. As the second test rolled around, the
students who studied little had studied even less and the ones who studied hard decided they wanted a free ride too so they studied little.
The second test average was a D! No one was happy. When the 3rd test rolled around, the average was an F.
As the tests proceeded, the scores never increased as bickering, blame and name-calling all resulted in hard feelings and no one would study for the benefit of anyone else.
To their great surprise, ALL FAILED and the professor told them that socialism would also ultimately fail because when the reward is great, the effort to succeed is great, but when government takes all the reward away, no one will try or want to succeed.
These are possibly the 5 best sentences you'll ever read and all applicable to this experiment:
👉🏻You cannot legislate the poor into prosperity by legislating the wealthy out of prosperity.
👉🏻What one person receives without working for, another person must work for without receiving.
👉🏻The government cannot give to anybody anything that the government does not first take from somebody else.
👉🏻You cannot multiply wealth by dividing it!
👉🏻When half of the people get the idea that they do not have to work because the other half is going to take care of them, and when the other half gets the idea that it does no good to work because somebody else is going to get what they work for, that is the beginning of the end of any nation.
In the view of this, I personally appeal to all the taxpayers of this country to think on it and vote for the government which will work with some kind of future vision and not to that party who is just
begging for votes since last 70 years by offering unnecessary free benefits to the people and make the whole country incompetent.
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