Economic Times 19 Feb 07,Page 8
2007-03-02 17:16:59 · 12 answers · asked by samiran_bandyopadhyay 2 in Politics & Government ➔ Politics
Welfare programs use tax dollars that could go into social security and medicare and also enables many who are on it to lack motivation to work or better themselves (also taking from those who truely need welfare). I'd say that's more detrimental to the interests of the poor and seniors.
2007-03-02 17:31:47 · answer #1 · answered by Χαλαρά 7 · 0⤊ 0⤋
A renowned economist said some time ago, that too much of growth in economy will spell doom for the common people. It will spiral the price line. Inflation is directly proportionate to the growth rate. If there is a spurt in economic development, the society may not be able to keep pace with the growth and the common man will find it difficult as a result of the rise in prices. I think, that prediction is coming true, now in India.
2007-03-06 06:28:38 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Our economist, political leaders, industrialist and more over central govt, are making this high inflation & high growth to be the poor people from middle class. Those persons are the responsible for it. Further, our govt of india, giving a special facility the " senior citizen", whats this..? Can any BPL senior
citizens are enjoying any facility..? I do want to say that, the political parties are doing business ( vote banking) with the senior citizens & poor persons, High growth is the most important for election & selection to the leaders.
2007-03-03 13:36:30 · answer #3 · answered by diprodiptaBanerjee 3 · 0⤊ 0⤋
High growth of what ? High inflation is detrimental to the whole country in general and to the poor and the senior citizens in particular.
2007-03-03 10:15:45 · answer #4 · answered by drsuria_cbe 6 · 0⤊ 0⤋
Not really because some old people and poor people work for minimum wage because younger people refuse to work for that wage.... But when you raise mimimum wage like congress has voted to do over the next two years from 6- 750... you have more young people that are more skilled and intelligent than the older and poor people.. so they lose there jobs to the more skilled workers and of course when you raise minimum wage you get inflation... Thats just one way to look at it
2007-03-03 01:21:52 · answer #5 · answered by Josh M. 2 · 0⤊ 0⤋
High growth is good for seniors with retirement accounts.
2007-03-03 01:20:06 · answer #6 · answered by a bush family member 7 · 0⤊ 0⤋
another myth the Moneylenders have sold us
I made out like a bandit on the Carter years. When it was done I was holding CDs paying 16%.
As long as your income is indexed your Ok.
2007-03-10 20:25:01 · answer #7 · answered by Anonymous · 0⤊ 0⤋
No. high growth and low inflation determines
2007-03-03 01:21:47 · answer #8 · answered by rajesh k 1 · 0⤊ 0⤋
Middle class too. very painful situation suffering in this 7 months.
2007-03-03 05:11:22 · answer #9 · answered by kumar 2 · 0⤊ 0⤋
Government can control this.
2007-03-03 01:20:21 · answer #10 · answered by Expression 5 · 0⤊ 0⤋