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Two things that definitely need to be simplified/made more accessible to the average Indian:
~Understanding of Tax Procedure
~Awareness of Laws
For things that make up such a large portion of our lives, they're 'criminally' inaccessible, both literally & figuratively.
~Understanding of Tax Procedure
~Awareness of Laws
For things that make up such a large portion of our lives, they're 'criminally' inaccessible, both literally & figuratively.
Jargon is the enemy.
Why is basic banking & tax procedure not taught at a secondary level? Given that there are so many tax-saving incentives, best saving practices should be made easily available & encouraged.
Why is basic banking & tax procedure not taught at a secondary level? Given that there are so many tax-saving incentives, best saving practices should be made easily available & encouraged.
From what I've seen, banking & saving practices, at least among the the middle-class, seems to be largely passed down generation to generation within the family.
Not everyone's lucky enough to have guidance in something as important as financial planning from an early stage.
Not everyone's lucky enough to have guidance in something as important as financial planning from an early stage.
I'm not coming from a "parens patriae" angle, the State & economy actually have much to gain by stepping in.
From the State's perspective, simplifying taxation will improve compliance while helping people increase disposable income (and hence demand
) https://twitter.com/iRohanSachdeva/status/1259832192538009601
From the State's perspective, simplifying taxation will improve compliance while helping people increase disposable income (and hence demand
) https://twitter.com/iRohanSachdeva/status/1259832192538009601
Digressing here, but of course the best alternative solution to the tax problem (and the simplest) would be to naturally get rid of personal income tax altogether. 
Arguably, a more practical alternative to UBI as well. https://twitter.com/iRohanSachdeva/status/1258021762853371905
Arguably, a more practical alternative to UBI as well. https://twitter.com/iRohanSachdeva/status/1258021762853371905
The same goes with the Law- far too much jargon and far too little understanding of even the most basic laws.
Since ignorance of the law is not deemed as an acceptable exception to the rule of law, the least that can be done is to simplify their wording. https://indianexpress.com/article/opinion/columns/supreme-court-legal-jargon-india-legislature-bar-council-law-education-7048306/
Since ignorance of the law is not deemed as an acceptable exception to the rule of law, the least that can be done is to simplify their wording. https://indianexpress.com/article/opinion/columns/supreme-court-legal-jargon-india-legislature-bar-council-law-education-7048306/
