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Mukesh Ambani is worth $41B
He donated ₹500 crores to the naked emperor @narendramodi's corona kitty
i.e he donated 0.001% of his worth 500,00,000 / (41 * 75.37 * 1,000,000,000) to Corona effort
This is equivalent to avg Indian donating ~₹100 rupees (Assuming he has savings)
He donated ₹500 crores to the naked emperor @narendramodi's corona kitty
i.e he donated 0.001% of his worth 500,00,000 / (41 * 75.37 * 1,000,000,000) to Corona effort
This is equivalent to avg Indian donating ~₹100 rupees (Assuming he has savings)
In a country where poor cant even feed thier families, how did this man allowed to amass this kind of vulgar wealth?
He never worked billion times harder, certainly he is not billion times smarter & by no way in hell he is delivering a billion times "value" than an avg Indian
He never worked billion times harder, certainly he is not billion times smarter & by no way in hell he is delivering a billion times "value" than an avg Indian
The only person who is delivering value in the whole chain are those who are doing the real work. Men like him, every one of them are exploiters and the system we live enabled such exploitation
Why the hell this man earn what he earns while people die due to desperate poverty?
Why the hell this man earn what he earns while people die due to desperate poverty?
Why the hell this man pay 0 wealth tax while many Indians pay tax even when we buy as small an item as a pen/a match box?
Only reason why crooks like him are allowed to amass the kind of wealth they amass is because we have a fucked up system https://timesofindia.indiatimes.com/business/india-business/Wealth-tax-no-longer-leviable-from-assessment-year-2016-17/articleshow/51655828.cms
Only reason why crooks like him are allowed to amass the kind of wealth they amass is because we have a fucked up system https://timesofindia.indiatimes.com/business/india-business/Wealth-tax-no-longer-leviable-from-assessment-year-2016-17/articleshow/51655828.cms
We dont need the generosity of these crooks & they are rotten men, not generous
They are the exploiters that don't pay their fair share, that exploit everyone around them & throw these pittance in everyone's face to be considered a "philanthropist"
They are the exploiters that don't pay their fair share, that exploit everyone around them & throw these pittance in everyone's face to be considered a "philanthropist"
Philanthropy is a scam. Its a PR expense for crooks who stole unfair share of the wealth produced from their work
The philosophy they operate is "Everything for me, nothing for you"
If these crooks pay their taxes properly, there is no need to for Govt beg these crooks
The philosophy they operate is "Everything for me, nothing for you"
If these crooks pay their taxes properly, there is no need to for Govt beg these crooks
Since the philosophy of E4MN4U is toxic as hell, they have to show to rest of the society that they are generous men
These are not generous men, these are outright exploiters who helped build fundamentally fuckedup system in the 1st place. They are the enemies of working class
These are not generous men, these are outright exploiters who helped build fundamentally fuckedup system in the 1st place. They are the enemies of working class
Many have dumb notion that he is a "job creator", which is another lie
He is no job creator. The real job creator is the customer. Without customer, anything he produces is worthless
So, the way to improve innovation is to expand purchasing power of customers
He is no job creator. The real job creator is the customer. Without customer, anything he produces is worthless
So, the way to improve innovation is to expand purchasing power of customers
If these exploiters take unfair share of the produce of all of us & leaves peanuts for everyone to fight over, what we have is job creators being forced to fight against each other rather than actually creating jobs
Instead of this, imagine a case where those who work are paid fairly and those who make windfall profits are taxed fairly
This way, most of the "job creators" aka customers, i.e you and me would have more money to spend, which means, more innovation
This way, most of the "job creators" aka customers, i.e you and me would have more money to spend, which means, more innovation
So, an entrepreneur is at best a catalyst, not a job creator
Anyone who says otherwise is either a liar/moron. I know that the whole industry that makes unfair amount of money for other people's work is full of liars whose job is convincing us that their income is earned fairly
Anyone who says otherwise is either a liar/moron. I know that the whole industry that makes unfair amount of money for other people's work is full of liars whose job is convincing us that their income is earned fairly
And there is another argument that he has taken risk as an entrepreneur
Another lie. The entrepreneurial risk is only a limited risk that too for startups, not for these vultures who already feed off everyone's work
Another lie. The entrepreneurial risk is only a limited risk that too for startups, not for these vultures who already feed off everyone's work
It is well established statistically in investment circles that if you invest in x number of companies, the ROI is never negative
If there is a chance of losses, none of the investors invest. This is so well known in the industry that they hire people whose job is to hedge bets
If there is a chance of losses, none of the investors invest. This is so well known in the industry that they hire people whose job is to hedge bets
The only time one takes is a risk is when it comes to small time entrepreneurs (I took such risk in the past and am still continuing to take such risk). But whats the risk to reward ratio?
I cant take all gold that I found in my backyard coz I dug lil in my land & took "risk"
I cant take all gold that I found in my backyard coz I dug lil in my land & took "risk"
There comes a point where the fruits of anyone's labour can become a windfall that can arise out of anyone's effort
But the one thing thats ignored when such a discussion comes is this
But the one thing thats ignored when such a discussion comes is this
Everything I ever am is built on knowledge & tools that are around me. When I've a windfall, I've obligation to make sure I pay the debt thats accrued by me when I borrowed all resources society has to offer—Education, Infrastructure & most imp access to Market to sell what I got
If there is no Access to Market, its worthless whatever it is I got
So, the value of the product is directly proportional to what the market allows me to sell it at & terms under which such a product is allowed to be sold
So, the value of the product is directly proportional to what the market allows me to sell it at & terms under which such a product is allowed to be sold
There are some who say Taxation is Theft. Not it is not
Taxation would be a theft only if we consider this to be a theft
Imagine a vendor on Amazon selling the products & he tells Amazon that the Amazon transaction fee is theft, what would you think of such an argument?
Taxation would be a theft only if we consider this to be a theft
Imagine a vendor on Amazon selling the products & he tells Amazon that the Amazon transaction fee is theft, what would you think of such an argument?
These crooks have gamed the system, sold us package of lies as fairness, entrepreneurship, risk vs reward and the mother of all all lies supply demand
What we live in a rotten economic system whose underpinnings are all lies sold to us as an economic system
What we live in a rotten economic system whose underpinnings are all lies sold to us as an economic system
The current rot aka economic system is structured such that it has the whole political system in its death grip by controlling media & thinktanks
There is an excellent thread by Arash on how the lies of capitalism
Capitalism != Useful Innovation https://twitter.com/ArashKolahi/status/1210332075787608065
There is an excellent thread by Arash on how the lies of capitalism
Capitalism != Useful Innovation https://twitter.com/ArashKolahi/status/1210332075787608065
I this thread I dint focus on the criminality aspect of Ambani, Adani & every major crook who portrays himself as a "job creator" in India
Probably for some other time
Probably for some other time
