Dear
lla,
Just
read your following article
# These
households will be better off by not earning the Rs 1.25 lakh per year that
they are currently earning and
dropping below
the poverty line to avail of the income transfer.
# In fact, households do not
need to even earn less. They simply do not have to report how much they are
earning
# In an economy in which the
biggest problem is employment, poverty reduction by income transfers is a
palliative,
but not a
solution. Transfer payments need to be accompanied by a reform programme for
increasing investment,
growth and
jobs.
Apart from finding resources and facing
intractable problems of identifying the target beneficiaries , pointed out so
well by you , there are other deeper aspects which I have tried to highlight in
my following blog
With regards,
Hemen Parekh
Mumbai / www.hemenparekh.in
Tuesday, 26 March 2019
What will win the War ?
It seems Congress is
concerned more with winning the elections (
- the BATTLE )
Yesterday it announced a
monthly payment of Rs 6,000 for 5 crore poor families – a version of UBI (
Universal Basic Income )
May be , after vainly trying
umpteen different schemes towards “ Garibi Hatao “ for over 60
years, Congress has concluded :
There is no way to “ hatao
garibi “ . There is no way to reduce / eliminate poverty ( - the WAR )
For the next few days ,
experts / economists and TV panelists , will hotly debate the pros and cons of
this Congress announcement
I doubt whether a single
opponent of this announcement will point out the greatest psychological damage
this scheme will do to the very people ( 5 crore poor families ) it is supposed
to help
This scheme will try to
consolidate / re-confirm their belief that :
“ Poverty is our birth right.
We are born poor / will die poor. Our only “nirvana” from this abject poverty
is death “
Will any expert dare to tell
these poor :
“ You are being drugged with
an opium called election
. The design of the
grand old party is to ensure that you remain poor forever – so that it can
throw crumbs at you every 5 years, to induce you to vote for them “
I hope that the BJP
spokesperson on the TV panel has the courage to say :
We do not
believe in feeding fish to a hungry man. We believe in teaching him, how to
fish
As against that Rs 6000 /
month announced by Congress, we propose to spend Rs 5,000 / month to impart
SKILL toANY person , so that he / she can use that acquired skill to
earn an honorable living and pull himself out of the perpetual poverty
If voted to power, we promise
to implement :
NITI Aayog suggests
raising monthly training stipend to Rs 5,000 ( 19 March 2019 )
We believe, any form of dole
– by whatever name called – is :
Undisputed Bad Idea
-as
explained in :
The reason
it is a bad idea is :
# At
its fundamental conceptual framework, a currency note
denotes “ Tangible Work “
# Currency
notes came into existence as a convenient way to “ Measure and Exchange “ , each
other’s work
# Handing
over to anyone, a currency note without any exchange of WORK in return, is no
more than getting
someone
else to put in that work
# When
a government , introduces UBI , it is handing out currency notes deposited in
the exchequer by tax
payers
, ie: work put in by some other citizens
# UBI
may end up “ de-motivating “ the
recipients from acquiring skills to pull themselves up with bootstraps
# UBI
will usher a “ dependency culture “ where the recipients always depend upon “ Sarkar Maa-Baap “
And , last
but not the least :
# Given
the complexity of determining the target group – and its subsequent
administering – UBI tends to become
arbitrary / unwieldy and a breeding ground for corruption
Now , what
could have emboldened the Congress to announce this scheme ?
Could it be
a very high probability that it will never win enough seats in the LokSabha
elections to form a government , and therefore, will not be called upon to
implement this scheme ?
==========================================================
26 March 2019
Rsvp
: hcp@RecruitGuru.com
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