budget and economy and life in general

fact:there is widespread poverty in our nation;
fact:development is not evenly distributed amongst different regions.
fact:things are on the move in an economic sense in this country

now poverty that has been increasing and accumulating over the past 57 years can not be eradicated by one budget,two budgets or even five budgets.it will take at least 20 years of sustained and focused policies for poverty to be reduced drastically.if growth is sustained, peoples lives will improve in a generation.

secondly what is this nonsense about the budget being pro-rich,anti-poor bullshit??how does a government improve the lot of the poor.it could either hand out cheques to each and every citizen of this country every year.if everyone was to receive an equal amount then that would come out to roughly 6700 rupees.6700 rupees per person per year.or roughly 500 rupees per month.so i guess this option goes out of the window.or the government could do is say to hell with all u smug rich bastards out there.all of you will give half of what you earn to the government and the government will in turn redistribute the money to the 70% people who are poor.not a bad idea.only problem is most of those rich people wont stick around and those who do will soon join the ranks of the 70% poor cos theyre companies would stagnate and die.
but wait what if the government was to slash taxes on all income brackets?what if it was to slash duties on all raw material imports?
would such moves God-forbid lead the tiny winey rich elite to start investing more in their businesses cos cost of doing business just went down to an extent.God-forbid would they start importing duty free raw materials in greater number so that they could use those raw materials not for eating purposes or hoarding purposes but for producing greater quantity of goods for exports.oops this cant be good.cos greater exports means expansion.expansion means more profits for the rich.oh as an afterthought expansion would mean more jobs.permanent jobs.but hey who's counting that.we have to worry about the rich getting richer.fuck the fact that for that to happen the rich need to provide employment.

so giving incentives to businesses such as those involved in exports is BAD.no country in the world went down this path.there are other paths.

south Korea did a different thing.they cut taxes,duties,invested in Human resources etc and produced giants like LG,SAMSUNG,Hyundai.look at them now.they are the world's 11th largest economy.their people who were poor are now enjoying a standard of level enjoyed by those in the developed world.im sure this is confusing.wait it gets more confusing.Japan,Germany post WW2,malaysia,Thailand and now to an extent india.whats going on here.do i sense a familiar pattern.did all these countries give incentives to businessess?well unfortunatly they did and look where it landed them.

big corporations,industries etc theyve been provided incentives so that makes the budget pro-rich.thats bad.

but wait this budget gets worse.theyve slashed income taxes for the very poor from 7.5% to 3.5%.for small and medium enterprises theyve slashed it down to 20%.for salaried classess the following is the breakdownAmount of tax payable on incomes
as provided by THE NEWS
By our correspondent

ISLAMABAD: Tax payable on incomes, according to the budget:

-Where taxable income does not exceed Rs 100,000, — nil.

-Where taxable income exceeds Rs 100,000 but does not exceed Rs 200,000 — 3.5pc of the amount exceeding Rs 100,000.

-Where taxable income exceeds Rs 200,000 but does not exceed Rs 400,000 — Rs.3,500 plus 12pc of the amount exceeding Rs.200,000.

-Where taxable income exceeds Rs 400,000 but does not exceed Rs 700,000 - Rs 27,500 plus 25pc of the amount exceeding Rs 400,000.

-Where taxable income exceeds Rs 700,000 — Rs.102,500 plus 30 per cent of the amount exceeding Rs 700,000.

obviously this shows how the budget has been designed to provide benefit to the rich.

enough said.there are times when the cynicism in this country drives me nuts.there is no mercy,no fairness, the least bit of objectivity.im not saying im objective all the time.but we need to get a bit mature.if not we wont get anywhere.this country belongs to everyone and everyone has a stake and interest in seeing this country move forward.poverty alleviation will only take place if economic growth takes place.pure and simple.economic growth leads to jobs.jobs means incomes.its not rocket science.we live in a globalised,market driven economy.that is a misfortune perhaps.gone are the days when one could isolate yourself from the rest and give subsides and protect industries.we either grow or get left behind and live on handouts given to us by the west now, and india 20 years from now.whether one likes commercialisation of society or materialism and classes divide is a separate issue and frankly due to current circumstances a highly irrelevant issue.its human nature to demand.its human nature to strive.its human nature to grow.if the atmosphere is conducive to business,businesses will grow.and businessess can not grow without adding labor.foreign investment will not come if atmosphere is not conducive.FDI will come if there are incentives and opportunities.so to think that there is a magic wand that will magically eradicate the poverty and everyone knows how extreme poverty is prevalent amongst wide swathes of our society.but due to the fact that there were no consistent policies in the past we will have to endure another 15 years of sufferring.but if we remain consistent in 15 years inshallah the face of this nation would have transformed.
development cant take place in all sectors at once.it probably cant take place in all regions at once.but eventually it will reach people.

as a poor nation we cant become a welfare state just yet.in 15 years inshallah we could.so tolerate expansion of businessess and rich getting richer.cos it will invariably lead to people getting out of poverty.apologies for the length.just worked up on all the negativity on TV.the budget is not perfect.it could have done more.but the budget itself is not bad.could have been better i dont know how that translates into a bad budget.but anyway feedback is welcome.