User talk:Kewagh22

Income Inequality
The entire world is facing an Income Inequality problem today. Due to which 75-80% of the income of that country is in possession of only 10-15% of the people. The reason for this is savings. Whatever the income of the lower class goes out of all the expenses, due to which they are not able to save for the future, but the income of the rich is much higher than their expenses, by which they earn more money by reinvesting and becoming more rich. , Although they have no fault in it, if everyone has more money then they keep on growing. The economy will also increase if inflation increases, but whenever the economy increases, only the rich get the maximum benefit. That is why the difference between rich and poverty must be reduced. Every country has a minimum wage law, but the lower class does not benefit from rising inflation. For this, if the provision of Minimum Expenditure on Income is made in the Minimum Wages Act, then it will become more effective. Because whatever the income distribution will be due to the economy recovery, if comes back from the Ratio into Economy, then it will make the opportunities available for all classes and the market liquidity will also increase.

Purchasing Power This is one such facility which will support the provision of Minimum Expenditure on Income. Purchasing Power. This will be a small part of a payment that will be transferred from one account to another by bank transaction. It will continue to be accumulated in the account where Receipt is more and payment will be less. That means where the income is more and the expenditure is less, that is, the profit will be accordingly. Its flow will always be from lower class to upper class. Because most of the profit transfer to there. Purchasing Power such power that income will not be generated on it. That is, we cannot invest it, only have to spend. It can be in the form of Rewards Point or Units. As a direct benefit transfer from the government, it has to be deposited in the lower class account. This will increase the income of the lower class i.e. the minimum wages will increase and the tax payer will get it as salary, business profit, capital profit, bank interest as per their income. Purchasing Power cannot withdraw from the bank account, it can only spend as part of the payment. The People who has money in the account will be able to consume the Purchasing Power. All the people of the lower class will deposit their income in the bank account. And will pay from the bank itself. Purchasing Power can also be used to give part of the interest of the bank loan, this will give people the courage to take a loan from the bank to fulfill their needs. This will accelerate credit demand from the lower class. With the purchase power coming into the upper class account, their income will slow down slightly, this will reduce the Income Inequality Ratio, that is, the difference between the lower class and upper class will be reduced. Consuming more of Purchasing Power will increase the economy and save people on sensible consumption. If the income of a person is 4 lac and he consumes 2 lac of Purchasing Power, then his total income of 6 lac value will be eligible for Income Tax Return. But it will continue to get subsidy by the government till its basic income goes above the tax slab (5 lac). This will give more benefit to the same class whose basic income is very less. If someone deposits unaccounted money in someone else's account with the wrong intention of taking benefit, then that money will come in accounting. The ratio of Purchasing Power and Amount will be fixed at the time of making payment and it will not have a manual option. It will play an important role in curbing behavior like money laundering. There can be a facility to pay 100% Purchasing Power by applying Depreciation Charge to pay Income Tax. If inflation also increases with this whole process, then the lower class will not be overpowered and the government will also get more revenue, which will reduce the burden of subsidy. If the government wants, it can further reduce the burden of subsidy by imposing depreciation on the purchasing power of the tax payer category. But this will increase the demand from 70% of the lower class, it will also increase the economy significantly and reduce the burden of subsidy. If part of the subsidy given by the government in every sector in the country in the form of purchasing power, it will be used properly and there will also be more transparency.

Kiran Eknath Wagh Nashik