Thanks a lot for sharing. Yes inline with your view. Forget a pensioner plea. Suppose the Govt peon gets 20000 and he wants to marry, live in a 2 bedroom flat , with all cereals, rice veg etc with weekly hotel and cinema expenses and for his 6 children etc, Govt nor any private co is responsible. Living life is individualistic. Hence the petition is understandable but not realistic. KR IRS 7222
On Mon, 7 Feb 2022 at 11:37, Rangarajan T.N.C. <[email protected]> wrote: > > > > https://www.indiareportertoday.com/an-eye-opener-letter-to-the-prime-ministers-office/ > > My analysis. > > > > - The picture, that the letter that is forwarded, is painting, is what > happens normally. When there is inflation, Govt will try to control it by > giving cheap credit, which will lead to reduction in interest rates. > - Govt has realised that it is not possible to give pension to even > retired govt servants for ever and so it has bee abolished and pension is > not available to those who joined govt service after 01-01-2004. Now > everyone is in the same boat. > - To tell you the truth, I really do not know how other people live, > as I am in the privileged class. > - However, I imagine that everyone needs roti, kapda, makan and > healthcare. This means there will be expenditure, which has to be met with > income. This is the situation of every one and if the person is not able to > earn the income to meet that expenditure, he has to be maintained by the > family or the society or govt. That is why we have various schemes to > benefit those who have absolutely no resources. > - Coming to those who can earn an income, it will be either salary for > service or self employed. The current policy seems to be to make public > investment in infrastucture which will creates avenues for people to start > ventures and create jobs. > - You have to depend on passive income as you are not in a position to > earn active income as you cannot get a job or start a venture. > - The crux of the problem is inflation. It is said to be an invisible > tax. I do not think any govt has tackled it. Even revolutions in France and > Russia making everyone equal could not stop it. > - We have to face the fact that Govt cannot give pension to all > unemployed or unemployable people and at the level you expect. > - The only alternative is to try to reduce our expenditure and > increase our income. At best, half the savings should be invested in equity > [shares in companies or partnership in business] so that if you cannot beat > inflation, you can join those who benefit by it. > - There is a projection to show that if you invest a lump sum and > after one year, withdraw 6% of that, your capital will remain the same. > - I do not think that we can rationally blame any govt for inflation > or expect govt to give universal pension to all retired people. > > > > > > -- You received this message because you are subscribed to the Google Groups "Thatha_Patty" group. To unsubscribe from this group and stop receiving emails from it, send an email to [email protected]. To view this discussion on the web visit https://groups.google.com/d/msgid/thatha_patty/CAL5XZoqyV-RPuxzuxijJsqM6pb5p5AFy_sJbw3GFuS_FwyOp5A%40mail.gmail.com.
