srijit

srijit, 13 days ago to india

No matter what you are, you are enough

I suggest that we watch the Indian movie The Broken Table. This compact masterpiece has a subtle and a profund message which left a lasting impression in my mind within a duration of 23 minutes and fifty two seconds. I do not want to reveal the details. Let the viewer discover the healing perspectives of our emotional dilemmas in this sensitive movie.

The movie has excellent English subtitles and, hence, language should not be a barrier. Since the film touches on the depths of the universal human experience, overcoming linguistic and cultural limitations, I am confident that it will appeal to the international audience.

#MastodonIndians #MastIndia #India #Humanity #HumanEmotions #Emotions

cc: @mastodonindians

srijit, 24 days ago to india

Income and Wealth Inequality in India

As an Indian I am not surprised to learn from Robert Reich's post that the top 0.1% of Americans control $20 trillion in wealth and the bottom 50% control $3.7 trillion in wealth.

I have been haplessly observing the brutality of inequality since my childhood while putting my best efforts to remain on the other side.

From the paper titled "Income and Wealth Inequality in India, 1922-2023: The Rise of the Billionaire Raj" we learn the following.

Our estimates suggest that inequality declined post-independence till the early 1980s, after which it began rising and has skyrocketed since the early 2000s. Trends of top income and wealth shares track each other over the entire period of our study. Between 2014-15 and 2022-23, the rise of top-end inequality has been particularly pronounced in terms of wealth concentration. By 2022-23, top 1% income and wealth shares (22.6% and 40.1%) are at their highest historical levels and India’s top 1% income share is among the very highest in the world.

In other words, the ‘Billionaire Raj’ headed by India’s modern bourgeoisie is now more unequal than the British Raj headed by the colonialist forces. It is unclear how long such inequality levels can sustain without major social and political upheaval. While there is no reason to believe income and wealth inequality will slow down by itself, historical evidence suggests that it can be kept in check via policy.

The root cause may be absence of appropriate policies through legislation.

The authors of the above mentioned paper lament that:> In line with earlier work, we find suggestive evidence that the Indian income tax system might be regressive when viewed from the lens of net wealth. We emphasize that the quality of economic data in India is notably poor and has seen a decline recently. It is therefore likely that our results represent a lower bound to actual inequality levels.

#Inequality #Poverty #WealthInequality #Billionaire #MastodonIndians #MastIndia #India

cc: @mastodonindians

RE: https://masto.ai/users/rbreich/statuses/112361975539771887

srijit, 24 days ago to india

Income and Wealth Inequality in India

As an Indian I am not surprised to learn from Robert Reich's post that the top 0.1% of Americans control $20 trillion in wealth and the bottom 50% control $3.7 trillion in wealth.

I have been haplessly observing the brutality of inequality since my childhood while putting my best efforts to remain on the other side.

From the paper titled "Income and Wealth Inequality in India, 1922-2023: The Rise of the Billionaire Raj" we learn the following.

Our estimates suggest that inequality declined post-independence till the early 1980s, after which it began rising and has skyrocketed since the early 2000s. Trends of top income and wealth shares track each other over the entire period of our study. Between 2014-15 and 2022-23, the rise of top-end inequality has been particularly pronounced in terms of wealth concentration. By 2022-23, top 1% income and wealth shares (22.6% and 40.1%) are at their highest historical levels and India’s top 1% income share is among the very highest in the world.

In other words, the ‘Billionaire Raj’ headed by India’s modern bourgeoisie is now more unequal than the British Raj headed by the colonialist forces. It is unclear how long such inequality levels can sustain without major social and political upheaval. While there is no reason to believe income and wealth inequality will slow down by itself, historical evidence suggests that it can be kept in check via policy.

The root cause may be absence of appropriate policies through legislation.

The authors of the above mentioned paper lament that:> In line with earlier work, we find suggestive evidence that the Indian income tax system might be regressive when viewed from the lens of net wealth. We emphasize that the quality of economic data in India is notably poor and has seen a decline recently. It is therefore likely that our results represent a lower bound to actual inequality levels.

#Inequality #Poverty #WealthInequality Billionaire #MastodonIndians #MastIndia #India

cc: @mastodonindians

RE: https://masto.ai/users/rbreich/statuses/112361975539771887

aral, 28 days ago to mastodon

Co-founder of Twitter joins new Mastodon board of directors. Right, so federating with Threads wasn’t a mistake. This is just the direction Mastodon is going. Oh, well. Another Mozilla emerges.

https://blog.joinmastodon.org/2024/04/mastodon-forms-new-u.s.-non-profit/

#Mastodon #BizStone #SiliconValley #BigTech #Threads