Monday, February 17, 2014

Economic school of Imam Ali (15)


Imam Ali (A.S.) also anticipates that because of reduced taxes, revenue would fall and the state would face difficulties. The difficulties get compounded further when the state is required to make huge public expenditure to solve economic and social difficulties of its subjects.

Such a situation would make the ruler depress. Imam Ali (A.S.) however, has a different view when he writes:
“Decrease in state income due to such reasons should not depress you, because the best investment for a ruler is to help his subjects at the time of their difficulties. They are the real wealth of a country and any investment on them even in the form of reduction of taxes, will be returned to the state in the shape of the prosperities of its cities and improvement of the country at large, at the same time you will be in a position to command and secure their love, respect and praise along with the revenues. Will not that be a lasting happiness? Remember Malik! If a country is prosperous and if its people are well-to-do then it will happily and willingly bear any (amount of tax) burden”.

Public Interest and Private Interest

Several socio-economic ills may be attributed to a situation where clear lines are not drawn between public and private interests and where the private interest is promoted at the cost of public interest.


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