- This deduction is to be effected on receiving/credit accounts only.
- This deducted amount will be credited to different Government levels like Central, State and Local
(say 0.7%, 0.6%, 0.35% respectively). - Transacting Bank will also have its share in this amount as the bank has a key role to perform
(say 0.35%).
This means, Cash Transactions above this limit will NOT enjoy any legal protection
For more Details http://arthakranthi.org
Arthakranthi must be made compatible with economic balance as proved in http://pic.twitter.com/mIvjkQ18Hh which shows the simplicity of the economy. DEFICITS in red = NET SAVINGS in blue with or without taxation for low trade or balanced trade (no green).
ReplyDeleteMore details.
ReplyDeleteMMT works according to modern monetary theory which is verified graphically by Prof. Stephanie Kelton using published US data in Open https://twitter.com/StephanieKelton...
photo/1
. pic.twitter.com/mIvjkQ18Hh is the location of the plot.
You have to open the link in a new tab to see the US data which is also another monetary sovereign. Click on twitter.com to open data.
Note the symmetry of the plot. Also note how simple the balance is. Note
that in the absence of green, red and blue are equal .To grow blue (the private sector) use more red (govt deficit).The economy works very simply with more deficits. MUCH more up to 20% or more of GDP. Click on the picture to enlarge it in a different page. Too bad links do not open directly in the same page as in disquis! I wouldn't be surprised if 50% deficits also work? Inflation will start when there are no more things to do.