{"id":200392,"date":"2024-12-23T03:24:05","date_gmt":"2024-12-23T03:24:05","guid":{"rendered":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/12\/23\/taxed-even-for-popcorn-startup-founder-urges-high-earners-to-leave-india-deletes-viral-post\/"},"modified":"2024-12-23T03:24:06","modified_gmt":"2024-12-23T03:24:06","slug":"taxed-even-for-popcorn-startup-founder-urges-high-earners-to-leave-india-deletes-viral-post","status":"publish","type":"post","link":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/12\/23\/taxed-even-for-popcorn-startup-founder-urges-high-earners-to-leave-india-deletes-viral-post\/","title":{"rendered":"Taxed even for popcorn! Startup founder urges high earners to leave India, deletes viral post"},"content":{"rendered":"
\"Taxed<\/div>\n
A startup founder<\/a>‘s Reddit post<\/a> on the r\/India subreddit titled \u201cLeave India! It\u2019s High Time!\u201d has become the centre of a heated debate. The now-deleted post, written by a user named \u2018u\/anonymous_batm_an,\u2019 urged high-earning professionals, especially innovators, to leave India<\/a> for countries with better opportunities and governance, as reported by TOI.<\/p>\n

The author introduced himself as someone who graduated from a top Indian engineering institute and completed postgraduate studies in the US. After working at a leading American bank, he returned to India in 2018 to start a company. Despite raising significant funds and employing nearly 30 people with an average salary of \u20b915 lakh, the entrepreneur expressed disillusionment with India\u2019s socio-economic landscape.<\/p>\n

<\/p>\n

Key Concerns: Regulations, Taxes, and Civic Issues<\/h2>\n

As reported by TOI, the founder accused India’s regulatory environment of stifling innovation. \u201cYou have to be a bureaucrat, politician, or celeb to get things done easily,\u201d he wrote. To illustrate this, he shared a personal anecdote where his company helped police solve a fraud case, even ensuring the victim recovered their money. However, the case against his company was not closed, and police officials demanded bribes. \u201cThis is India for you,\u201d he remarked.<\/p>\n

He also criticised high taxation levels coupled with poor public services like roads and hospitals. \u201cIn a nutshell… leave the country where they will even tax your popcorn because they are out of ideas to make it a 5 trillion dollar economy!\u201d the post read.<\/p>\n

The entrepreneur further described facing frequent \u201cregional hate\u201d from service providers like auto drivers, cab drivers, and restaurant staff. He added that social status in India is tied to wealth and appearances. \u201cIf you don\u2019t look rich or wear branded [clothes], you are a piece of filth in this country,\u201d he claimed.<\/p>\n


The post also touched on declining civic sense, recalling an incident in Goa where he confronted a group littering on the street. Their response was dismissive: \u201cMind your own business or pick up the trash if you want.\u201d<\/p>\n

Warnings of Economic Collapse and Suggested Alternatives<\/h2>\n

In addition to socio-economic challenges, the founder warned of an impending economic collapse and a massive depreciation of the Indian rupee. He urged professionals and innovators to consider relocating to countries like the UAE or Thailand, citing better work environments and opportunities.<\/p>\n

Mixed Reactions from Reddit Users<\/h2>\n

Before being removed, the post garnered over 300 comments, sparking a wide range of opinions. One user living in Australia agreed with the founder, stating, \u201cIndians pay a lot of taxes and get nothing in return. Bad roads, healthcare, bad infrastructure, mass corruption, pollution, [and] backwards policies.\u201d<\/p>\n

Another user humorously responded, \u201cThe day you pack your business and leave, let me know, my bags are packed, just waiting for you to shut shop and leave with me.\u201d<\/p>\n

While some echoed the founder\u2019s frustrations, others argued that the post painted an overly negative picture of India, emphasising that systemic changes require active involvement rather than emigration.<\/p>\n

The sentiments expressed in the post resonate with recurring debates about India\u2019s socio-economic conditions, particularly for entrepreneurs and professionals. India, while being the world\u2019s fifth-largest economy, continues to grapple with challenges like bureaucratic inefficiencies, corruption, and poor infrastructure.<\/p>\n

The post has reopened discussions on how policymakers can address these issues to foster a more conducive environment for innovation and entrepreneurship. Whether the concerns raised will lead to meaningful dialogue remains to be seen.
<\/p>\n<\/div>\n


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Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

A startup founder‘s Reddit post on the r\/India subreddit titled \u201cLeave India! It\u2019s High Time!\u201d has become the centre of a heated debate. The now-deleted post, written by a user named \u2018u\/anonymous_batm_an,\u2019 urged high-earning professionals, especially innovators, to leave India for countries with better opportunities and governance, as reported by TOI. The author introduced himself […]<\/p>\n","protected":false},"author":2,"featured_media":200393,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","fifu_image_url":"https:\/\/img.etimg.com\/photo\/msid-116583113,imgsize-37338.cms","fifu_image_alt":"","footnotes":""},"categories":[602],"tags":[157424,1249,63412,157418,157423,5325,437,157422,273,157420,134731,25,157416,156727,418,157419,157421,2293,157417,84566,37,2002],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/200392"}],"collection":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/comments?post=200392"}],"version-history":[{"count":1,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/200392\/revisions"}],"predecessor-version":[{"id":200394,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/200392\/revisions\/200394"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media\/200393"}],"wp:attachment":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media?parent=200392"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/categories?post=200392"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/tags?post=200392"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}