When Nirmala Sitharaman dodges a question on high taxes in India

Taxation
23

( Potentially off-topic.
But, hey! this might help others who feel high-taxes are a pain.
Here goes…)

@SpacemanSpiff very well put :+1:t4:

However, none of these public observations
that you shared in the previous post, were new to me.

So, i thought to myself,
why do i have a such a positive outlook about the situation we find ourselves in?? :thinking:

Here’s what i came up with -

Early on in my life, i read about Circles of Influence/concern.
- That ingrained the habit of not blaming factors outside of my circle of control/influence.
- Apparently this has enabled me to find opportunities, where others see none.

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Over the years we have apparently engaged in various activities to earn.

  • Scaling my activities, was limited by time (no. of hours in a day x no. days in a week)

    • initially i scaled my activities to 2x by simply dedicating more time
      • instead of (8x5)hrs/week, spent (13x6)hrs/week.
    • subsequently identified parts that i could automate and did that to scale further
      • while reducing time i actively spend as well.
    • any capital in hand went into a HODL portfolio.
      • amassed sufficient capital that
        i do not need to look to the markets for growth,
        but focus more on capital-preservation.
    • paid various i-didnt-even-know-that-tax-slab-existed “high-taxes” over the years
      • in my case, i did not (still do NOT) feel having to pay taxes
        was ever a limiting factor in amassing capital.

  • Apparently your activities have hit some limits to being scaled further.

    • Limited by capital? Something else?
    • Taxes eating into potential income/profit seem to be easy/obvious scapegoat to blame for inability to increase capital further?
    • Do you see any other ways to scale further?
PS: Nihilism ahead. Not for the faint-hearted.

:100: agreed. So will i.
IMHO, things have to get a lot worse before they reset / get any better.
Even when India improves, it is in a shittier world now.

Tomorrow, even if (sure, a big IF) India becomes the best country in the world,
in a shit world, it is still shit.

That doesn’t limit an individual though.