Taxing 'frivolous' industries won't fund India's science

Taxing 'frivolous' industries won't fund India's science

An opinion piece argues against taxing industries like cinema, tourism, and IPL to fund science, calling the idea myopic and fallacious. It contends that such taxes ignore economic cascade effects and that wealth isn't zero-sum. The author also questions the state's ability to allocate funds effectively, citing bureaucratic insulation and competing claims.

Source: The Hindu

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