Rahul Mehta Gandhinagar LsCandidate

How / Why presence of GST in India and absence of Wealth Tax in India, AND opposite i.e. absence of GST in USA and presence of wealth tax in USA will domination of USUK-elitemen over India
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All in India, "economy of Indians in India will shrink" , and mainly economy of USUK-elitemen in India will grow !!!
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GST reduces efficiency and small / medium businesses and manufacturers. So due to presence of GST in India and absence of GST in USA , the small / medium businesses and manufacturers. of USA will work at far far more efficiency than India.
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Wealth Tax reduces land hoarding and so reduces land price, This again increases efficiencies of businesses and manufacturers. So again, due to absence of wealth tax in India, and presence of wealth tax in USA, the small / medium businesses and manufacturers. of USA will work at far far more efficiency than India.
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Now of course tax laws are one of the IMPORTANT reasons. The other reason why USA is ahead of India is - Jury System, Right to Recall, referendum and multi-elections. But absence of GST. Excise, VAT, Service Tax, CST etc in USA and presence of such taxes in India is one reason why USA is ahead of India or rather why India is behind USA
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Now GST will further reduce efficiencies of small / medium trader / manufacturers,. And so India will further lag behind USA
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So what will happen next is -- economy of Indians will shrink, and economy of foreign firms in India will grow. because of low inefficiency in USA< the USUK have better technology, And Indians in India will never be able to develop technology. So for all practical purposes, theur economy in India will shrink.
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(aside : what about NRI's economy in India? one thing we dont see that when US citizen forms a company in India, some 35% of that company's net worth will property of US Govt due to inheritance tax when that PIO passes away. I wish long life to all, and dont wisth death to any PIOs, But then sooner or later, we all depart, IOW, wealth of US citizens in India, after a few decades, will become wealth of USUK elitemen due to inheritance tax law of USUK.)
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So solution?
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see the solution at -- https://www.facebook.com/mehtarahulc/posts/10154519751161922
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