Habib replied on Wednesday, May 2, 2018 10:46 AM
100% agreed you cant change mind set of people, Here where politicians don't declare the assets, how they expect common public to Give their neck to Slaughter. For 70 years we are watching that salaried people were paying Tax and Business men earning Crors were not. Then Being overseas If I declare all my assets today Who Knows Next Govt will Impose wealth tax or withholding tax on these properties. How I will pay even if it is 5% per year, who Knows on second third fourth property Tax Ratio will be different.
In past such things has been done by Govt and there are examples, In 70s Butto nationalization policies were worst example, where Private Own Companies like BECO and many 100 others were nationalized and owners were paid only 10% of Market value. Beco a company which was making tanks in 1960s perished in few years.
My kids keep on asking why Pakistan is not manufacturing Industrial nation, and My reply is always that 20 years we lost by overnight ruthless decision of Butto, nations cant sustain such jerks,
Another example is Moodi whose demonetization policy pushed India Many years back, We should learn lesson from our past and others examples. |
