Don't forget H-1B Indians voting for the socialism they escaped from back home in India once they get green cards -> citizenship through their employers. The 1965 and 1990 immigration acts will be our undoing if we don't get immigrants to assimilate to American culture and our love of liberty
Yes, it is. They have taxes on everything. They have stagnated compared to China because their country is run by people who backstab each other all the time.
First, revenues from software made by Indian companies is taxed while export revenues are tax-exempt. In other words, an Indian company has no incentive to do local business. All the businesses are then competing for overseas market share. Plus, doing business with locals often means dealing with meddling bureaucrats, who get involved in their business.
Don't forget H-1B Indians voting for the socialism they escaped from back home in India once they get green cards -> citizenship through their employers. The 1965 and 1990 immigration acts will be our undoing if we don't get immigrants to assimilate to American culture and our love of liberty
India is not socialist, never has been. Its literally the world's largest democracy.
Yes, it is. They have taxes on everything. They have stagnated compared to China because their country is run by people who backstab each other all the time.
For example:
https://web.archive.org/web/20090418205347/http://www.jimrogers.com/content/stories/articles/india.html
This. Can confirm. There is a special economic zone where everything is tax free pretty much