Narendra Modi Quotes
We want to enable Start-Ups and make India no 1 in this field. Start-Up India and Stand-Up India!
Modi, Narendra. "Prime Minister's Address to the Nation on Independence Day." Press Information Bureau, Government of India, 15 Aug. 2015.
This is a very important economic-political quotation. One conservative mantra in the 20th and 21st centuries was that business growth and development will be spurred by tax cuts in the marginal tax rate that the businessperson would have to pay. “Marginal” means the additional tax for each additional dollar of income. However, the development and growth of most businesses, especially the entrepreneurial ones that tend to create the most new high wage jobs. Bill Gates, Henry Ford, Steve Jobs, Thomas Watson Jr. and other creators of great business enterprises, in general do not even consider their potential profit as the most important reward. They are almost always on a mission to change the way people function in the world. They generally want to make money but the driving factor is really the change in society that they will produce. While Gates and other great business creators do not change their business behavior on the bases of marginal tax rates (or any other kind to tax rates for the matter), the 2nd and 3rd generation of business manager who takes over existing companies is motivated in great part by marginal tax rates. Summers and many others argue that not only are the best jobs created by those who are unmotivated by tax rates, but they are the same businesses that tend to produce most of the great innovations of society. Therefore, find other ways to incentivize the entrepreneurs rathefr than marginal tax rate policy.
Narendra Damodardas Modi is an Indian politician serving as the 14th and current Prime Minister of India since 2014. He was the Chief Minister of Gujarat from 2001 to 2014 and is the Member of Parliament for Varanasi. Modi is a member of the Bharatiya Janata Party (BJP) and its National Democratic Alliance (NDA). He is also a member of the Rashtriya Swayamsevak Sangh (RSS), a Hindu nationalist volunteer organisation. He is the first prime minister born after India's independence, the second non-Congress one to win two consecutive terms after Atal Bihari Vajpayee and the first from outside the Congress to win both terms with a majority in the Lok Sabha.