Two days back, President Donald Trump
signed an executive order to immediately start construction of a wall along the
USA / Mexico border
The wall will be 1000 miles long , 50 / 60 feet high and take 5
years to build , at an
estimated cost of $ 14 billion. It might possibly employ 1000
workers
Despite being a mammoth project, this
pales before the Great Wall of China, which stretches for almost 3900 miles
along the northern border of China
That Chinese wall was built some 2000
years ago and engaged 1.5 Million labours over a period of 200 years
It is recorded that some 3-5 lakh soldiers were stationed along
that Chinese wall to guard against invaders from the north
President Trump plans to post 5,000 border patrol along the wall to
prevent entry into USA, of Mexicans in need of jobs and trying to escape
poverty
Now Mr Trump cannot build a wall along
the vast sea-coast of America , nor build a wall in the sky , to prevent
internet penetration !
So, he has also threatened to drastically
cut back on H1-B visas under which , currently some 300,000 Indian techies are
working in USA , both for Indian and American companies
Trump has given to American citizens , a
slogan : Buy American
And to American Industrialists , a slogan
: Hire American
He does not realize that , through his Executive Orders
,
·
He cannot stop the march of Technology (
remember wise king Canute ? )
·
·
He has done a great service to India ! ( a
blessing in disguise ? )
·
Here is how :
A poor family was eking out a living by selling the fruits that
grew on a tree in their backyard
There was no need for anyone in the family to work , making all
members lazy
A friend who realized that this situation would perpetuate the
poverty , cut down the tree one night and ran away
In the morning, the distraught family realized that they can no
longer depend upon the fruits of the tree for a living !
They all started working and gradually prospered !
I hope :
·
NDA government would seize this opportune
moment , to turn India into,
Where I echo the vision of ShriJayant Sinha
, so that Indian
geeks sitting in small towns of India can remotely replace Americans working in
their ,
* Farms and Factories
* Hotels and Hospitals
* Malls and Markets
* Roads and Railways
* Workshops and Warehouses
* Garages
and Gardens
* Drones and Delivery
Trucks ….etc
Any person starting a “ Back Factory “ operation which earns dollars through “ export “
of “ Remotely Delivered
Services “ would be exempt from Corporate and Personal Income Tax for 10 years
It is time to get out of the way of these “ Self Employed “ to enable them to take on the World !
·
Shri Arun Jaitleyji would not
simply “ copy “ Donald Trump and make
marginal / token reduction in Corporate Income Tax in his budget three days
from now ,
·
But ,
introduces what I have repeatedly suggested ,
where , the greater the
number of employees engaged by a Company , the lesser ( incremental ) tax rate on successive higher slabs
/ levels of employees
Of course , no Indian company would simply hire more
employees in order to take advantage of a lower tax rate but this will discourage
them to resort to “ automation “ just in order to reduce manpower costs . It
will be Indian Innovation to beat the malaise of a “ Jobless
Growth “
·
Shri Jaitley announces measures to turn
India into a ,
·
Thank You , MrDonald Trump :
YOU MAY HAVE WOKEN US UP FROM OUR SLUMBER !
29 Jan 2017
www.hemenparekh.in
/ blogs
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