Bring me a professor from Harvard who advocates Efficient Market theory, and I will show you a fool
PTIs economic policy proposals: flawed and tried-and-failed
- Thread starter mohib
- Start date
Mansoor Khan
Senator (1k+ posts)
hmmmmm. but is there anything that can be done? its worry yaar
Here is one of the practical solution to tackle major problem of business community [HI]" Taxation System"[/HI]....
jangjoo786
Chief Minister (5k+ posts)
میں تو صرف ایک بات جانتا ہوں۔
چار چار اور پانچ پانچ بار ان دو پارٹیوں کو آزما چکے ہیں۔
ایک بار عمران خان کو بھی ازمانا چاہیے۔
اگر خدانخواستہ ناکام ہو بھی گیا
تو کم ازکم اپنی جیب تو نہیں بھریگا۔
کیونکہ عمران خان میں لاکھ براییاں اور خرابیاں سہی۔
لیکن ایک بات میں قسم کھا کے کہ سکتا ہوں
کہ وہ کرپٹ بالکل نہیں۔
چار چار اور پانچ پانچ بار ان دو پارٹیوں کو آزما چکے ہیں۔
ایک بار عمران خان کو بھی ازمانا چاہیے۔
اگر خدانخواستہ ناکام ہو بھی گیا
تو کم ازکم اپنی جیب تو نہیں بھریگا۔
کیونکہ عمران خان میں لاکھ براییاں اور خرابیاں سہی۔
لیکن ایک بات میں قسم کھا کے کہ سکتا ہوں
کہ وہ کرپٹ بالکل نہیں۔
We may or may not agree with Sheikh, lekin 1 should give credit to him for atleast trying to look into the matter.
1st of all. There isnt alot of detail here. Plus I feel Sheikh has surrounded himself with either Business men or Academia. Nothing wrong with them. But he needs to have a cup of coffee with Fixed Income and Derivatives traders in Singapore and London. Maybe have a chit chat with a Central Banker too.
Masla transactional taxation ka ye hai k it discourages commerce! yup! Let me give you a simple example. Suppose I live in Faisalabad and I find this new job in Karachi. I have to sell my apartment in Faisalabad and move to khi. But I would have to pay transactional tax on my (suppose) Rs50 lakh apartment. Let's say its 1% trasactional tax. That makes it Rs 50,000. Now I have to think twice before accepting that job.
Masla ye aajata hai k if profit margin on a trade falls below a certain %, that activity will have to be stopped, even if its profitable. You see what I am saying?
I dont know if you read my recommendation on taxation/Land reform. I am suggesting Land/Wealth taxation, which Sheikh is denouncing. And here are the reasons.
1. A rich man cant just buy a farm and just lock up the land because at the end of the year he has to pay taxes on that land.
2. I know alot of Pakistani Ex-pats (including my parents), who own a house in Pakistan which has been locked up empty for years. They dont rent it, they dont sell it. No economic value is created. Now imagine if there was a 1% property tax on it. Rs1Crore will force the owner to pay Rs 1 lakh in taxes every year. My parents would either be forced to sell the property or rent it out. This Wealth taxation will discourage setting asset idle.
I am pretty libertarian by nature and this taxation doesnt fit my philosophy too well but when one realizes the fact that the State provides, roads, common defence, Power, water, schools and civic services, there are bound to be costs. So if you own a property, you pay for those services. If you rent, then those costs are already built into your rent amount.
@mrk123 [MENTION=23319]Temojin[/MENTION] [MENTION=28031]Aleph[/MENTION]
Here's my previous quote
1st of all. There isnt alot of detail here. Plus I feel Sheikh has surrounded himself with either Business men or Academia. Nothing wrong with them. But he needs to have a cup of coffee with Fixed Income and Derivatives traders in Singapore and London. Maybe have a chit chat with a Central Banker too.
Masla transactional taxation ka ye hai k it discourages commerce! yup! Let me give you a simple example. Suppose I live in Faisalabad and I find this new job in Karachi. I have to sell my apartment in Faisalabad and move to khi. But I would have to pay transactional tax on my (suppose) Rs50 lakh apartment. Let's say its 1% trasactional tax. That makes it Rs 50,000. Now I have to think twice before accepting that job.
Masla ye aajata hai k if profit margin on a trade falls below a certain %, that activity will have to be stopped, even if its profitable. You see what I am saying?
I dont know if you read my recommendation on taxation/Land reform. I am suggesting Land/Wealth taxation, which Sheikh is denouncing. And here are the reasons.
1. A rich man cant just buy a farm and just lock up the land because at the end of the year he has to pay taxes on that land.
2. I know alot of Pakistani Ex-pats (including my parents), who own a house in Pakistan which has been locked up empty for years. They dont rent it, they dont sell it. No economic value is created. Now imagine if there was a 1% property tax on it. Rs1Crore will force the owner to pay Rs 1 lakh in taxes every year. My parents would either be forced to sell the property or rent it out. This Wealth taxation will discourage setting asset idle.
I am pretty libertarian by nature and this taxation doesnt fit my philosophy too well but when one realizes the fact that the State provides, roads, common defence, Power, water, schools and civic services, there are bound to be costs. So if you own a property, you pay for those services. If you rent, then those costs are already built into your rent amount.
@mrk123 [MENTION=23319]Temojin[/MENTION] [MENTION=28031]Aleph[/MENTION]
Here's my previous quote
I am not sure who this guy is but reading your post it seems that he has worked for the world bank.
One of the most striking point to note is that while pointing out to the shortcoming in the PTI's plan never specifically prescribe any alternatives. In fact he himself indulges in putting forth vague and cliched solutions - which probably are found in every handbook of guidelines or rather directives when they hand you the money.
One of the most striking point to note is that while pointing out to the shortcoming in the PTI's plan never specifically prescribe any alternatives. In fact he himself indulges in putting forth vague and cliched solutions - which probably are found in every handbook of guidelines or rather directives when they hand you the money.
Logical Argument
New Member
I appreciate your effort, very good work with evidence and cannot agree with you more. Anyone who proposes PRIVATIZATION of PIA, PUBLIC TRANSIT, HEALTH CARE, SECURITY, EDUCATION should consider the results of 1)Privatizing tube system in U.K. 2) Privatizing Public transport in Florida 3) Security in USA. Even the inventors of PRIVATIZATION are reverting back to nationalization of these services (having learned the hard way).
Many people do not know how these International (specifically US and UK based lending and INVESTMENT agencies work and for what purposes). Anyways, whoever this guy is wrong in assessing PTI's economic policy, PTI is very correct in SELECTIVE PRIVATIZATION.
Many people do not know how these International (specifically US and UK based lending and INVESTMENT agencies work and for what purposes). Anyways, whoever this guy is wrong in assessing PTI's economic policy, PTI is very correct in SELECTIVE PRIVATIZATION.
Logical Argument
New Member
Well what they have stated in their economic policy is not "contradictory". The base of their plan is upon a PILOT project which was tried, tested, and successfully implemented many years back, not only in Karachi but in other developing countries as well. Now where all of us get confused is "IMPLEMENTATION PROCEDURE". But need not to get confused because they will provide that ACTION PAPER also, furthermore implementation is always an ONGOING procedure, You apply the model, set the goals, evaluate the results, re-apply with modifications, reapply....and it keeps on till you achieve the goals.
