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Why a Welfare State Means High Taxes for the Middle Class and Rich
Manage episode 460249255 series 3626341
Το περιεχόμενο παρέχεται από το Monika Halan. Όλο το περιεχόμενο podcast, συμπεριλαμβανομένων των επεισοδίων, των γραφικών και των περιγραφών podcast, μεταφορτώνεται και παρέχεται απευθείας από τον Monika Halan ή τον συνεργάτη της πλατφόρμας podcast. Εάν πιστεύετε ότι κάποιος χρησιμοποιεί το έργο σας που προστατεύεται από πνευματικά δικαιώματα χωρίς την άδειά σας, μπορείτε να ακολουθήσετε τη διαδικασία που περιγράφεται εδώ https://el.player.fm/legal.
In this episode, Monika explores a tough yet important topic: the inevitability of high taxes for the middle class and the rich, even with possible tweaks in Budget 2025. She explains the evolution of taxation from ancient civilizations to modern welfare systems and why higher taxation is expected to persist in democracies with large lower-income populations. Monika emphasizes the burden on the top 10% and urges listeners to brace for higher taxes while hoping for more equitable contributions across society.
Monika dives into the complexities of interest rates, offering a detailed breakdown of how they are determined. She explains the three main factors influencing interest rates: deferred consumption, inflation risk, and credit risk. By comparing home loans with credit card loans, she clarifies why interest rates on secured loans are lower. She concludes with a reminder to evaluate risks before accepting higher interest offers from alternative investments.
Listener queries cover various personal finance topics. Ram Raju from Kerala asks about transitioning fully to small-cap index funds. Girishkumar from Chennai, at 26, inquires about using a financial planner early in his investment journey. Lastly, Smita Bhaskar asks for guidance on parking a lump sum for an upcoming home purchase.
Chapters:
(00:33 - 6:08) High Taxes in a Welfare State: Why the Middle Class and Rich Will Keep Paying
(6:09 - 8:43) Understanding Interest Rates
(8:48 - 11:26) Should You Shift Fully to Small-Cap Index Funds?
(11:28 - 13:40) Should You Hire a Financial Planner at 26?
(13:42 - 14:54) Best Way to Park Lump Sum for a Down Payment
If you have financial questions that you’d like answers for, please email us at mailme@monikahalan.com
Monika’s book on basic money management
https://www.monikahalan.com/lets-talk-money-english/
Monika’s book on mutual funds
https://www.monikahalan.com/lets-talk-mutual-funds/
Monika’s workbook on recording your financial life
https://www.monikahalan.com/lets-talk-legacy/
Calculators
https://investor.sebi.gov.in/calculators/index.html
You can find Monika on her social media @monikahalan.
Twitter @MonikaHalan
Instagram @MonikaHalan
Facebook @MonikaHalan
LinkedIn @MonikaHalan
Production House: www.inoutcreatives.com
Production Assistant: Anshika Gogoi
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