Gollum Posted October 15, 2019 Author Share Posted October 15, 2019 (edited) 58 minutes ago, adi B said: Nobel >> CWC Economics wallah hai bhai, besides he is an American citizen, 50% credit to Trump bhai applying the Mahi Bhai theorem #666. Edited October 15, 2019 by Gollum adi B 1 Link to comment Share on other sites More sharing options...
Gollum Posted October 15, 2019 Author Share Posted October 15, 2019 (edited) 54 minutes ago, adi B said: These novels are based on theoretical explanations or ideas but never have these theories been implemented successfully on ground especially in a complex economy like India. I am not aware of his body of work. Quote We can have 100 of Nobel laureates from India but it doesn't guarantee/mean our economic position will strengthen When we are in a position to produce 100 Nobel Laureates, made in India, that means our education system and R&D framework/infra will be elite level, that goes hand in hand with economic strength. Edited October 15, 2019 by Gollum Link to comment Share on other sites More sharing options...
G_B_ Posted October 15, 2019 Share Posted October 15, 2019 3 hours ago, Gollum said: Apparently he proposed a figure 1/3rd or 1/2 of what Cong put in its manifesto. Ofc Congress made it political, and before general election hyperbole is expected especially for a desperate entity. They did something similar regarding farm loans waiver in the run-up to Rajasthan and MP assembly elections, now look at them backtracking and cutting down on pre-poll promises. cong mentioned Rs 72000 for the bottom 20%. even half or one third of that was about 24k a year... Just for comparisons sake the Modi government is giving Rs6000 for farmers or 10% of the pop (now expanded to all farmers) per year in a scheme costing Rs75,000 crore. If we take what this guy is proposing it would mean 75k crore * 4 to the bottom 10%. What this man proposed would defacto result in heavy taxes for the middle classes. Otherwise India would go bust. The irony is that with such radical policy views this guy is critical of demon. Gollum 1 Link to comment Share on other sites More sharing options...
adi B Posted October 15, 2019 Share Posted October 15, 2019 5 hours ago, Gollum said: Economics wallah hai bhai, besides he is an American citizen, 50% credit to Trump bhai applying the Mahi Bhai theorem #666. I am just feeding the haterzz velu 1 Link to comment Share on other sites More sharing options...
Vilander Posted October 15, 2019 Share Posted October 15, 2019 20 hours ago, Muloghonto said: Basic income is an interesting idea. It works for small developed world populations like Finland: not sure it will work for mega population yet underdeveloped economies like India. corrected. Link to comment Share on other sites More sharing options...
Vilander Posted October 15, 2019 Share Posted October 15, 2019 nyay was a bad idea. but i bet he would have created the intelligent bits of it, and cong would have created the shitty parts of it to make is shitty as a whole. velu 1 Link to comment Share on other sites More sharing options...
Tibarn Posted November 25, 2019 Share Posted November 25, 2019 On 10/14/2019 at 4:18 PM, Muloghonto said: And that’s the problem with basic income: making it 20 rupees means nothing, it’s like meaningless tax cut that lets you buy an extra 3-4 cokes per week. To see any positive effect of min basic income, it has to be enough to pay your bills: this is what Finland does. You get money from government to pay for your rent, some basic food and that’s it. They also have tax funded public healthcare and education( even post secondary) , so you can say their government gives them enough money to eat, have a roof, get educated and medical bills. I am an no economist, so I would drag @Tibarn as a resident poster who can elucidate more. I’d hazard a guess that this is economically unworkable for large developing populations. For India to trial the concept of basic income it’d have to equal billions of dollars in education and healthcare, then at least 10,000 rupees a month or so. Which would require like 15% growth per annum of economy to sustain. If the US implemented the plan that is proposed by one of their presidential candidates it would add between 2-3 trillion USD to their budget. It would basically increase the burden on the government exchequer to absurd levels. Some conservatives and libertarians support universal basic income, if the government was to completely eliminate most/all of the other subsidies/programs the American government gives to people, but that would only work in an idealized world. I am not sure there has ever been a democratic country which went through that level of austerity without the implementing government losing the subsequent election. Finland tried this program as a pilot project with several thousand of its unemployed workers, but when they analyzed the results, they apparently predicted that if they implemented UBI on a country wide level, it would increase unemployment. Muloghonto and sergio04 2 Link to comment Share on other sites More sharing options...
Tibarn Posted November 25, 2019 Share Posted November 25, 2019 Here is what I was talking about, I remembered incorrectly, it wasn't unemployment which would increase, but the share of people below the poverty line, from 11.5 to 14.3 percent. https://www.oecd-ilibrary.org/economics/basic-income-or-a-single-tapering-rule-incentives-inclusiveness-and-affordability-compared-for-the-case-of-finland_d8c0fbc4-en sergio04 and Muloghonto 2 Link to comment Share on other sites More sharing options...
Gollum Posted December 11, 2019 Author Share Posted December 11, 2019 (edited) Dhoti/Saree swag Edited December 11, 2019 by Gollum Link to comment Share on other sites More sharing options...
velu Posted December 11, 2019 Share Posted December 11, 2019 @adi B for a change this bong guy is not a libtard .. by default all bjp fans expected him to bash modi/bjp but he didnt sergio04, Laaloo and adi B 3 Link to comment Share on other sites More sharing options...
velu Posted December 11, 2019 Share Posted December 11, 2019 ok .. now it looks like abhijit banerjee upgraded his wife once @Texy @Cricketics Cricketics 1 Link to comment Share on other sites More sharing options...
Texy Posted December 13, 2019 Share Posted December 13, 2019 (edited) wow I went to South Point as well Edited December 13, 2019 by Texy Link to comment Share on other sites More sharing options...
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