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Hari Sadu
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Comments by "Hari Sadu" (@harisadu8998) on "How Bad is the Gap Between Rich and Poor in India? | Street Interview" video.
Middle class people hardly pay income tax in India. What are you talking about. Below 7.24 lakhs in income, you pay ZERO income tax. Find me another country with similar income levels to India where such a large tax break is given.
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@zzzonline If you make 20 lakhs a year, first of all, you are not middle class and your income tax rate this year will be 14.82% and could be lower if you have some big deduction claims. The rich have to pay 39% income tax.
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All of these people being interviewed are already earning far above the Indian averages.
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In India, income up to $8700 does not face income tax anyway. That's already the vast majority of the Indian population living income tax free.
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@namewithheldforprivacy7107 If wages go up in India employment will go down. There's already a lot of unemployment at the bottom. If Indians start getting paid European salaries, employee counts will fall so fast it will make your head spin.
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Hoarding is a loaded term.
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She's already in the top 2% forget 20, 15 or 10%
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I will just make one point regarding generational wealth that there is a community in Delhi called the Punjabi Khatri community. They are Hindus and Sikhs. Most of these people lived on the Pakistan side before partition and they lost everything. But now they are probably the most influential and one of the best performing communities in Delhi. They also produced two prime ministers despite losing their homeland. Draw whatever conclusions you want from this.
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