The ever increasing misery of the tax payer.Those of us who pay our taxes promptly are left fuming as day by day we see every sector around us misusing our money indirectly but still, we have to pay our taxes regularly as we are accountable.
The word accountability has lost a lot of its value in recent times. Consider the various scams, schemes, waiver programs, sops that all indirectly is the taxpayers' money. A selected few benefits with the larger sector bearing the brunt of the financial burden. Do we get EMI rebates, EMI holidays, does our children's education subsidized? No.
We all save as much we can in the hope that we will have enough for our children's degree, marriage and for our retirement. If you think like me then you are in for more misery. The recent spate of high-risk exposures/poor performance of various big names in the markets (IL&FS, DHFL, ZEE, Reliance Capital, etc) has triggered a steep fall in the market. Because of this and revision of regulations, many mutual funds have not given any returns or even on the negative side.
Looks like people in authority are mocking the public in general. Yes, as a taxpayer our misery keeps mounting and we have to suffer in silence.