regarding federal budget, economy and taxes?? please help?
regarding federal budget, economy and taxes?? please help?
hi population of india is more than billion and that of USA is i think probably 25 million, so it means number of people who can pay taxes is much less than that of india .but still how USA have huge financial budget and so much money than other countries ?? i dont know how much is that budget, but i think its pretty huge... am i missing some important aspect?? why its the number one economy ??? please help me.
Answers:
Chosen Answer
Panacea: There are certain behaviors that result in the production of wealth. These behaviors are very common among americans, especially whites. They are rare in india. Although you have so many people, few of them are producers. And those that are, are burdened with caring for those who aren't. In the past, india is guilty of simply letting these people starve. Ironically, altruism and caring for the poor is one of the behaviors that create wealth. This has been slowly changing in india. My father saw this very clearly when he recently visited an important manufacturing site in india that deals with the american company he is an important member of. You have a slum surrounding a state of the art production facility staffed by extremely talented professionals. The dichotomy is rather dramatic in the pictures he brought back. When enough people absorb those behaviors, india will become a wealthy country. Those slums will be replaced with middle class suburban dwellings. Since the US has basically decided to replace china with india as a major trade partner, that is likely to happen fairly quickly. Alot of people in india want this but lack access to knowledge and resources. We are happy to supply those.
2006-07-16 21:42:40
Panacea: There are certain behaviors that result in the production of wealth. These behaviors are very common among americans, especially whites. They are rare in india. Although you have so many people, few of them are producers. And those that are, are burdened with caring for those who aren't. In the past, india is guilty of simply letting these people starve. Ironically, altruism and caring for the poor is one of the behaviors that create wealth. This has been slowly changing in india. My father saw this very clearly when he recently visited an important manufacturing site in india that deals with the american company he is an important member of. You have a slum surrounding a state of the art production facility staffed by extremely talented professionals. The dichotomy is rather dramatic in the pictures he brought back. When enough people absorb those behaviors, india will become a wealthy country. Those slums will be replaced with middle class suburban dwellings. Since the US has basically decided to replace china with india as a major trade partner, that is likely to happen fairly quickly. Alot of people in india want this but lack access to knowledge and resources. We are happy to supply those.
2006-07-16 21:42:40