Showing posts with label Business. Show all posts
Showing posts with label Business. Show all posts

Sunday, May 18, 2014

IE: Infrastructure + Entrepreneurship

English: Map of Bihar
English: Map of Bihar (Photo credit: Wikipedia)
Roads, Electricity, Broadband

Infrastructure is important, but it is not enough. And health and education are still infrastructure.

Roads are important. But don't forget electricity. And don't stop at electricity. Universal broadband allows you to complete globally.

But most important is to serve the entrepreneurs, big and small. Most jobs are created by small businesses. And the state has to go out of its way to serve the small business owners.

Nitish has done well by roads and bridges. He has even done well with schools and hospitals. But there needs to be a bigger emphasis on teachers. One sore eye on his record has been temporary teachers protesting at his public rallies. Those teachers have a point. Bihar needs more teachers, not just more roads and bridges.

Bihar needs more teachers and health care workers. Not only that, it needs to train more of both so as to be able to export them to other states and other countries.

But ultimately it is about creating jobs. And it is not for the state to create jobs. It is for entrepreneurs to do that. And there the key point is making available credit.
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Thursday, October 13, 2011

Sales Tax, Wealth Equity Tax

Potato chipsImage via WikipediaThere are right wingers claiming close to half the country does not pay any taxes. But everybody pays the sales tax. When you buy potato chips you are paying the sales tax.

Instead I think there is an urgent need to introduce a wealth equity tax. As soon as a company's valuation exceeds a billion, the American people end up owning 10% of it. That should be the arrangement. The US federal government would represent the American people. This would apply to all corporations whose market value might already exceed a billion.
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