Inflation
is now too high a rate! The worst sufferers of high inflation
rate are senior citizens as they have limited earnings like
pension or returns from their past savings. Unlike the present
young generation they have not earned in crores or even in
lakhs per month. It is another question that nowadays middle
class is earning too much money and have hardly time to spend
and enjoy. But the poor suffer the most.
One reason for high inflation is too much money with too many
a number of persons (again middle class yuppies) and high
margins by all connected people in the chain of selling a
production from factory owner to retailer! And the main culprit
is government which levies multiple taxes on a single commodity.
A good portion of selling price consists of taxes only! In
order to reduce prices remove all taxes from all essential
commodities and help the poor persons to pay less for necessaries
of life.
Mahesh Kumar, Via e-mail
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