Economic Ideas of Kautilya

India had a Caste system, with thousands of different casts, but at the very top were the Brahmins, and at the very bottom were the untouchables. This system eliminated the need for a very big

“A common contribution is essential for the maintenance of the public forces and for the cost of administration. This should be equitably distributed among all the citizens in proportion to their means” . This illustrates that all the estates should pay taxes, not just the third

Generally speaking, overpopulation in developing countries causes multiple issues in maintaining a good quality of life in society. The largest problem with overpopulation in developing countries is that people have to do things that they normally would not do in order to make a living. For example, in Sold, Mumtaz forces Lakshmi into prostitution. Mumtaz tells Lakshmi of her new life when she says, “You will take men to your room and do whatever they ask of you. You will work here like the other girls, until your debt is paid off.” (70). Mumtaz forcing Lakshmi against her will displays the lengths

The United States population is growing rapidly. At a rate of 0.7% per year currently, that equates to about 9 million new people a year, after the number of deaths are accounted for. With the number of people seen on the streets rising and the number of incarcerated criminals “dropping” to around 0.2%, it is difficult to see where all these new people are going to fit into society. As hard as it is to imagine a new baby born every eight seconds, that is the reality currently facing America. However, while this type of population growth is likely going to cause America’s demise, another country is currently populating at a rate even America cannot compete with: India. At an astonishing 1.7% increase per year, India is currently populated with almost 900 million more people than the United States. With less than half the land size and an undeniable need for more resources to survive, India has been faced with the largest increase of population within the last century. However, unlike the United States, India’s government has taken crucial steps towards helping to control their population. Albeit, their methods are a bit unorthodox and incredibly appalling by Western standards. Regardless, in order to maintain a

Many services offered to the public are funded by theses taxes, which could not be administered successfully under some other arrangement. Taxes are defined as an obligatory subsidy to state income. These subsidies are imposed by the local, state, and federal governments on workers wages and business’s financial gains or added to the cost of some

Income tax is considered to be one of the greatest ways that a country amasses wealth through known means from the public in order to use the funds for the benefit and welfare of the community. Since a very long time, there have been many discussions and debates on the way the finds collected for income tax have been spend. There are many who think that there is a lot of mismanagement and feel that the amount of the actual money spent on welfare of the community is far less that what gets collected by the country.

The populations of Agrarian civilizations may increase to be too big but that can be a good thing. But at the same time Foragers an increase in population can have a great effect on their way of life less food for everyone and more work.

The gap between the rich and the poor in the States is growing. A common solution that has been proposed by many, is to tax the rich and distribute the money gathered from that amongst the poor. From a social justice perspective, the question remains though whether it would be just or unjust to do this. When it comes to the redistribution of wealth or income from the rich to the poor through taxation, the libertarian school of thought would object and say it is cohesion and that the state or majority of people would be stealing from people who happened to do very well in their lives and became wealthy.

All over the world, governments undertake huge public expenditure on behalf of their citizens for the provision of basic amenities and other social services. To meet up with these responsibilities, governments thus require substantial amount of funds. Among the various sources from which can generate income, taxes are the most important and most reliable; contributing much more than any other source. A tax therefore, is a compulsory levy imposed by the government on the income, profit or wealth of an individual, family, community, Taxation is the inherent power of the state, exercised through the legislature, to impose financial burdens upon subject within its jurisdiction for the purpose of raising revenues to carry out the legitimate duties of government (Kenned & John, 2014)

The explosion of population has been a serious issue in worldwide. Some countries are struggling in aging of the population and the shortage of labor force like Australia, Finland and Iceland. Some other countries are facing the overpopulation issue, such as India, Singapore and Kenya. Canada, which has the population shortage problem, tried to increase the labor force by encouraging foreigners to immigrate to their nation. In order to reduce the rate of population growth, India set a family planning policy that encourages citizens to have fewer children on the volunteer basis, Indian government reward the couples that comply with the policy, as well. China is the country that has the most population in the world.

This paper examines the generally accepted desirable characteristic of a system of taxation. I describe in this paper that even where every one agrees that the tax system should be simple as dictated by the first maxim of Adam Smith, no country is yet to meet this standard. Questions on policy, complexity, equity, administrative efficiency, cost of compliance all increasing the cry for a tax change. Many Eastern Europeans have adopted the flax tax system and presently has an increase economic growth. However, are they fully operating the flax tax system?

Taxation systems are usually modeled in such a way that they take into consideration the social welfare of the citizens. The government and other policy makers have the responsibility of ensuring that the system takes into account the needs of the citizens. The bottom line is that taxation should foster equal distribution of resources. The rate of taxation is usually arrived at after several considerations have been made. The rates are not fixed as they depend on the various economic changes. The issue of how taxation should be distributed among the different economic classes is yet to be addressed.

There are many factors contributing in the population explosion in India, and the increased population has led to many others consequences. Anyhow, steps are taken by the government of India to control this predicament.

It is expected that by 2021, India’s projected population of 1.3 billion will constitute 64.2% of people in between the age group of 15 and 59.

During the 2009 budget cycle, the legislature not only reduced some important expenditure items as proposed by the executive, the National Assembly also took liberty to increase allocation for several items and introduce several new items into the budget. The National Assembly, as stated by the Chairman of the Committee on Appropriation, however made effort to comply with overriding macro-economic projections of the executive and endeavoured to stay within the general principle of the budget. In my own opinion, the legislature pushed the frontiers of citizens, pro-poor budgeting a step further, by inserting development projects to be cited in each federal constituency