India lower caste still removing human waste

[Indrani]

No you would be wrong. The only property the banks can touch even under chapter 7 are non-exempt ones like office building, office vehicle etc

LOL. It is not so. Exempt properties in most cases is tools one works with or a car to drive to work. Also go through how difficult they have made for anyone to hold on to any property even in the Exempt cases via Bankruptcy Abuse Prevention and Consumer Protection Act of 2005.

Exempt property[edit]
Although in theory all property of the debtor that is not excluded from the estate under the Bankruptcy Code becomes property of the estate (i.e., is automatically transferred from the debtor to the estate) at the time of commencement of a case, an individual debtor (not a partnership, corporation, etc.) may claim certain items of property as "exempt" and thereby keep those items (subject, however, to any valid liens or other encumbrances). An individual debtor may choose between a "federal" list of exemptions and the list of exemptions provided by the law of the state in which the debtor files the bankruptcy case unless the state in which the debtor files the bankruptcy case has enacted legislation prohibiting the debtor from choosing the exemptions on the federal list. Almost 40 states have done so. In states where the debtor is allowed to choose between the federal and state exemptions, the debtor has the opportunity to choose the exemptions that most fully benefit him or her and, in many cases, may convert at least some of his or her property from non-exempt form (e.g. cash) to exempt form (e.g. increased equity in a home created by using the cash to pay down a mortgage) prior to filing the bankruptcy case.

The exemption laws vary greatly from state to state. In some states, exempt property includes equity in a home or car, tools of the trade, and some personal effects. In other states an asset class such as tools of trade will not be exempt by virtue of its class except to the extent it is claimed under a more general exemption for personal property.

One major purpose of bankruptcy is to ensure orderly and reasonable management of debt. Thus, exemptions for personal effects are thought to prevent punitive seizures of items of little or no economic value (personal effects, personal care items, ordinary clothing), since this does not promote any desirable economic result. Similarly, tools of the trade may, depending on the available exemptions, be a permitted exemption as their continued possession allows the insolvent debtor to move forward into productive work as soon as possible.

The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 placed pension plans not subject to the Employee Retirement Income Security Actof 1974 (ERISA), like 457 and 403(b) plans, in the same status as ERISA qualified plans with respect to having exemption status akin to spendthrift trusts. SEP-IRAs and SIMPLEs still are outside federal protection and must rely on state law.[36]

Bankruptcy Abuse Prevention and Consumer Protection Act - Wikipedia, the free encyclopedia

BBC News - What to expect if you go bankrupt

It has nothing to do wit HDI, its got everything to do with age and availability of human resources. The median age in Europe is 40, India is 25. Europe fertility is 1.6, India fertility is 2.2. This has resulted in the average retirement age in europe to raise to 62, in India it is 58.

Cmon, you are talking as if they are on verge of extinction. There is just a 4 year difference period in retirement age. They are not lacking in population considering between just North America and Europe, they have a population of 900 million and a median age of 40 is still not very old. Surely they can find all their talent within the hundreds of million youth in their own population if they have achieved the pinnacle of human development.

There is nothing special about QE, all Indian banks are underwritten by the Reserve Bank too.
Most Indian farmers get money at the interest rate of 3% a MONTH, not per annum . Most farmers don't even have a bank account and you are talking about farmer loans !!! Its only the Rich farmers and dual income rural families who get govt. loans and waivers.

Please. Any unreasonable QE results in inflation which is what the RBI governors have been warning us again and again and has fallen on deaf ears of the UPA2 govt which resulted in the worst inflation we have had.

We were talking about govt loans since you accused the govt of pushing them towards drinking pesticide by giving loans with exorbitant interest rate. Are you saying that the govt of India is giving out 3% per month loans here? From all the info I have farmers with even marginal lands can and do avail govt loans and they are the cheapest and get waived off rather frequently.

That would depend on the definition of "benefit of both of us". YOu have a choice of doing the chores yourself, she might not have an alternative career or choice. A shortage of choices makes compelling reason that eventually works in your favour. Have you seen the movie "chandni Bar" ? a old dancer is compelled to become a prostitute. That is what non availability of choice is all about.

I do not buy that. My maid could become a prostitute too, she chose not to. She chose to work in 6-7 different houses rather than find an easy way out. She has many other career options too as can be seen by the many women who are in various business enterprise from being the flower seller to the fruit seller to the fisher women. Or she could go back to her village and work on her 2 acre family farm.

My take is, NRI still cling to very many Indian beliefs and practices which make them a perpetual outsider in their land. No all of them may be manifested externally for economical reasons. However their only constant exposure to their fading link with the motherland remains their spouses. Even enemies who are forced to fight a common foe becomes friends. That is pretty much the case with NRI couples. Most of them do not have extended families in the US or Europe.

See first you asked me to cite non-exceptional cases, when given a bounty of non-exceptional cases, again you are off making excuses. I told you Indian culture is the reason for the low percentage of divorces earlier on and not any financial or lack of other opportunities. The reasons you cite should also have been the reason why all other expatriates in USA should have had low divorce rates, but that is not the case.

You have a Muslim cousin ?

Yup, I do.

 

[Indrani]

Chapter 7, Title 11, United States Code - Wikipedia, the free encyclopedia

It is even more illuminating to go through this link. The only exempt property allowed in a few states is those houses that are under mortgage as well as car under a loan which makes sense in case they are under water. That means they have to keep paying off the loan for the mortgages even if the property now is valued much less than what they took the loan for. So again in this case, it is a toxic asset which the customer is not allowed to wash his/her hands off.

 

[ApparentRaceTraitor]

This best sums up the discussion on this thread from the trollers on all sides;

 

[Beidou2020]

Superpower indeed

 

[Sahasranama]

Chapter 7, Title 11, United States Code - Wikipedia, the free encyclopedia

It is even more illuminating to go through this link. The only exempt property allowed in a few states is those houses that are under mortgage as well as car under a loan which makes sense in case they are under water. That means they have to keep paying off the loan for the mortgages even if the property now is valued much less than what they took the loan for. So again in this case, it is a toxic asset which the customer is not allowed to wash his/her hands off.

This is a pointless argument and you are wrong.

Here is a federal list of items exempt from seizures. As you can see it does not disrupt the normal life of an entrepreneur and he can move on from there and start a new business. Its not the end of the world for him.

1. $22,975 of equity in your home under the federal exemptions.
2. $3,675 for your motor vehicle
3. $1,550 for jewelry
4. $12,250 aggregate value ($575 per individual item) on household goods, furnishings and appliances, clothes, books, animals, crops, or musical instruments
5. $2,300 for tools of trade including implements and books
6. Health aids
7. Life insurance policies that have not matured except credit life insurance, and
8. $12,250 in loan value of life insurance policy.
9. Domestic maintenance such as alimony or child support reasonably necessary for your support.
10. Life insurance payments that you need for support under policy of someone you were a dependent of.
11. Social security, unemployment benefits and compensation, veteran’s benefits, public assistance, and disability or illness benefits.
12. $22,975 for personal injury except pain and suffering or pecuniary loss
13. award for loss of future earnings needed for support
14. recovery for wrongful death of person you were a dependent of needed for support, and compensation received for being a crime victim.
15. Federal wildcard exemption to any property you own. Currently you are allowed $1,225 plus $11,500 of any unused portion of your homestead exemption to exempt any type of property.
16. Retirement accounts that are exempt from taxation, which usually include most genuine non-fraudulent retirement accounts, are fully exempt. However there is a cap of $1,245,475 on IRAs and Roth IRAs.

 

[Sahasranama]

LOL. It is not so. Exempt properties in most cases is tools one works with or a car to drive to work. Also go through how difficult they have made for anyone to hold on to any property even in the Exempt cases via Bankruptcy Abuse Prevention and Consumer Protection Act of 2005.

No you are wrong. I have already explained this in my earlier post. Time to stop going around in circles.

Cmon, you are talking as if they are on verge of extinction. There is just a 4 year difference period in retirement age. They are not lacking in population considering between just North America and Europe, they have a population of 900 million and a median age of 40 is still not very old. Surely they can find all their talent within the hundreds of million youth in their own population if they have achieved the pinnacle of human development.

That is your exaggerated take on things. A raise in the average age of retirement is indicating of shortage of youngsters to fill gaps in the industry. They are not able to find talent within the available resources.

Please. Any unreasonable QE results in inflation which is what the RBI governors have been warning us again and again and has fallen on deaf ears of the UPA2 govt which resulted in the worst inflation we have had.

Its RBI job to warn, its govt. job to act. Both are right in their own place. Its a system of checks and balance. Food inflation during UPA was due to hoarding and speculative trading in comodity market. Both controlled by Sharad Pawar.

We were talking about govt loans since you accused the govt of pushing them towards drinking pesticide by giving loans with exorbitant interest rate. Are you saying that the govt of India is giving out 3% per month loans here? From all the info I have farmers with even marginal lands can and do avail govt loans and they are the cheapest and get waived off rather frequently.

Stop pretending and stop twisting my words. Suicides are due to money lenders giving money @ 3% per month, not govt. Now you know there was no need for me to say this specifically. You are just being facetious. If you want to continue to believe that farmers get cheap loans and free handouts and still commit suicide just for the whim continue to believe that. I have nothing more to say on this.

I do not buy that. My maid could become a prostitute too, she chose not to. She chose to work in 6-7 different houses rather than find an easy way out. She has many other career options too as can be seen by the many women who are in various business enterprise from being the flower seller to the fruit seller to the fisher women. Or she could go back to her village and work on her 2 acre family farm.

I gave the example of bar dancers being forced to become prostitutes which indicated a 'demotion' down in their particular line of business. The corresponding equivalent would be a maid being forced to work for lower pay or doing more work for same pay. Not taking up prostitution. No one wants to be a maid as a first choice of career. Its the lack of choices and lack of opportunities that forces them to this work.

See first you asked me to cite non-exceptional cases, when given a bounty of non-exceptional cases, again you are off making excuses. I told you Indian culture is the reason for the low percentage of divorces earlier on and not any financial or lack of other opportunities. The reasons you cite should also have been the reason why all other expatriates in USA should have had low divorce rates, but that is not the case.
Yup, I do.

What excuses? We are ALL speculating here. Stop pretending otherwise.

I have never denied the presence of Hindu culture in preventing divorce, I am only including other reasons for raising rate of divorces. You are the one using this straw-man again.

 

[Indrani]

This is a pointless argument and you are wrong.

Here is a federal list of items exempt from seizures. As you can see it does not disrupt the normal life of an entrepreneur and he can move on from there and start a new business. Its not the end of the world for him.

1. $22,975 of equity in your home under the federal exemptions.
2. $3,675 for your motor vehicle
3. $1,550 for jewelry
4. $12,250 aggregate value ($575 per individual item) on household goods, furnishings and appliances, clothes, books, animals, crops, or musical instruments
5. $2,300 for tools of trade including implements and books
6. Health aids
7. Life insurance policies that have not matured except credit life insurance, and
8. $12,250 in loan value of life insurance policy.
9. Domestic maintenance such as alimony or child support reasonably necessary for your support.
10. Life insurance payments that you need for support under policy of someone you were a dependent of.
11. Social security, unemployment benefits and compensation, veteran’s benefits, public assistance, and disability or illness benefits.
12. $22,975 for personal injury except pain and suffering or pecuniary loss
13. award for loss of future earnings needed for support
14. recovery for wrongful death of person you were a dependent of needed for support, and compensation received for being a crime victim.
15. Federal wildcard exemption to any property you own. Currently you are allowed $1,225 plus $11,500 of any unused portion of your homestead exemption to exempt any type of property.
16. Retirement accounts that are exempt from taxation, which usually include most genuine non-fraudulent retirement accounts, are fully exempt. However there is a cap of $1,245,475 on IRAs and Roth IRAs.

This is what is exempt and you may re-consider if it allows you to keep your home?

By way of example, if you own a home worth $250,000 and owe a total of $240,000 against it (combining all mortgage/home equity lines of credit and/or liens against the property) the amount of equity you would need to protect is $10,000. Since the homestead exemption in the Federal exemptions is $22,975.00 the equity of $10,000 is exempt and not subject to the claims of your unsecured creditors. In the alternative, say the home is worth $250,000 and you only owe $200,000 against it, the first $22,975.00 would be protected under the homestead exemption and the remaining $27,025 would be subject to the claims of the unsecured creditors.

The same type example would apply to a motor vehicle, though the exemption for a motor vehicle is less than the amount of the exemption for a home.

Please note, if you need to use the wildcard exemptions to protect any of your property and have equity in a home, the amount of wildcard exemption will be reduced by the amount of equity in the home and therefore you may not be able to use the wildcard if you have a lot of equity in your home. Federal wildcard exemption allows up to $13,475.00 of unused Debtors Interest In Real/Pers. Property.

Federal exemptions are subject to change every three (3) years, last change April 1, 2013

Federal Bankruptcy Exemptions

Insurances, provident funds, alimony or child support, etc. etc. that you listed out there are also exempt under Indian laws.

Remember we started out by talking about going bankrupt on business ventures and you were claiming that one's entire personal property is exempted.

Also,

Some types of liens may be avoided through a chapter 7 bankruptcy case. However, BAPCPA limited the ability of debtors to avoid liens through bankruptcy. The definition of “household goods” was changed limiting “electronic equipment” to one radio, one television, one VCR, and one personal computer with related equipment. The definition now excludes works of art not created by the debtor or a relative of the debtor, jewelry worth more than $500 (except wedding rings), and motor vehicles (§522(f)(1)(B)).[7] Prior to BAPCPA, the definition of household goods was broader so that more items could have been included, including more than one television, VCR, radio, etc.

 

[Indrani]

That is your exaggerated take on things. A raise in the average age of retirement is indicating of shortage of youngsters to fill gaps in the industry. They are not able to find talent within the available resources.

Considering the retirement age as you said is 62, there is still a good 22 year working period left even if one was to consider the entire population is aged 40, which is not the case. So your argument is invalid.

Its RBI job to warn, its govt. job to act. Both are right in their own place. Its a system of checks and balance. Food inflation during UPA was due to hoarding and speculative trading in comodity market. Both controlled by Sharad Pawar.

Now you are making excuses for UP2 govt's bad economic policies. Inflation was mainly due to QE and the global speculative markets.

Stop pretending and stop twisting my words. Suicides are due to money lenders giving money @ 3% per month, not govt. Now you know there was no need for me to say this specifically. You are just being facetious. If you want to continue to believe that farmers get cheap loans and free handouts and still commit suicide just for the whim continue to believe that. I have nothing more to say on this.

It is you who are shifting the goal posts. I did not twist your words. No one told the farmers to take loans from loan sharks. If I am dumb enough to take loans where in I have to pay 10% interest per month, then how the hell is the govt responsible.

Reserve Bank of India

I gave the example of bar dancers being forced to become prostitutes which indicated a 'demotion' down in their particular line of business. The corresponding equivalent would be a maid being forced to work for lower pay or doing more work for same pay. Not taking up prostitution. No one wants to be a maid as a first choice of career. Its the lack of choices and lack of opportunities that forces them to this work.

There is nothing stopping the bar dancer from being a maid or a maid from being a bar dancer. All of us have limited choices of what we can do. I cannot be an astronaut or a fighter plane pilot even if I wanted to be. So even I have limited career choices. Given that most people are unhappy in their jobs, 90% of the people are employed in jobs they would rather not do.

What excuses? We are ALL speculating here. Stop pretending otherwise.
I have never denied the presence of Hindu culture in preventing divorce, I am only including other reasons for raising rate of divorces. You are the one using this straw-man again.

There was no straw man used. What you said and implied were we will head down the same road as the other economies where women participation in work force has increased and I told you that would not be the case which I amply proved and you were left making excuses for your stand. Even the excuses you gave were rather poor citing how NRIs remain alien when actually as per as documentary they are the most integrated set of expats anywhere, so called model minorities.

 

[Sahasranama]

I am trying to prove that bankruptcy laws are there for a reason and they do not disrupt normal life. Future incomes are exempt when used for fundamentals. What exactly is your point ? are you arguing just for the sake of arguing?

Are you trying to prove that bankruptcy laws are not required and banks should be free to exploit the individual ?

Considering the retirement age as you said is 62, there is still a good 22 year working period left even if one was to consider the entire population is aged 40, which is not the case. So your argument is invalid..

Which argument ? That there is a shortage of workers in Europe ? older employees are structurally less productive than younger employees, which is why higher shares of older employees in the workforce reduces productivity of concerned establishments and lower their competitiveness. Not to mention the higher cost of health care as a direct cost to company. You are turning economic theories on its head by arguing that older work is better or is just as productive as a younger work force.

And yet you continue to claim my argument is invalid ?

Now you are making excuses for UP2 govt's bad economic policies. Inflation was mainly due to QE and the global speculative markets.

Again deliberate misinterpretation of facts. I specifically mentioned food Inflation. Stop doing this deliberately to score brownie points.

It is you who are shifting the goal posts. I did not twist your words. No one told the farmers to take loans from loan sharks. If I am dumb enough to take loans where in I have to pay 10% interest per month, then how the hell is the govt responsible.

Reserve Bank of India

What goal posts ? People take credit on higher interests when they have no alternatives available. Its not their first choice or their second choice. Real life is a LOT different than theoretical reasoning.

If the govt. is not responsible why the hell is Modi desperately trying to open bank accounts for every citizen and restarted the Aadhar card ? Take a deep breath and re-evalue your reasoning.

The vicissitudes of life tells the farmers to take loans from sharks. BTW usually the loan is from the same person he buys seeds and pesticides from. Most of the dealer also double up as loan sharks because they know something you don't. That farmers do not have access to easy credit. I know this because my friend is a dealer and I know the fantastic revenue model he has.

There is nothing stopping the bar dancer from being a maid or a maid from being a bar dancer. All of us have limited choices of what we can do. I cannot be an astronaut or a fighter plane pilot even if I wanted to be. So even I have limited career choices. Given that most people are unhappy in their jobs, 90% of the people are employed in jobs they would rather not do.

The thing stopping people from achieving their dreams is called "lack of opportunity".

There was no straw man used. What you said and implied were we will head down the same road as the other economies where women participation in work force has increased and I told you that would not be the case which I amply proved and you were left making excuses for your stand. Even the excuses you gave were rather poor citing how NRIs remain alien when actually as per as documentary they are the most integrated set of expats anywhere, so called model minorities.

I know what I said, rest is your ASSumption. I said we are yet to see how things turn out once Indian women is empowered as much as women in the west. The NRI example is quite apt especially since they continue to cling to Indian cultural practices in a ocean of alien culture. Their economic integration has nothing to do with this.

My observation is that NRI's take additional efforts to reinforce their Indian heritage which an Indian in India do not do. We are yet to see what happens when opportunities increases and values change. You can see the change already when our per capita is 1000 $, now wait till it reaches 40,000 $ and then let us talk.

Till then its all wishful thinking and speculation.

 

[Indrani]

I am trying to prove that bankruptcy laws are there for a reason and they do not disrupt normal life. Future incomes are exempt when used for fundamentals. What exactly is your point ? are you arguing just for the sake of arguing?
Are you trying to prove that bankruptcy laws are not required and banks should be free to exploit the individual ?

No you were trying to prove that going bankrupt in business ventures in Western countries keeps your personal properties away from being liable for payment which was proved to be false. Even in India after the declaration of bankruptcy, the future income from future ventures are not hypothecated. You are the one arguing here for the sake of argument.

Which argument ? That there is a shortage of workers in Europe ? older employees are structurally less productive than younger employees, which is why higher shares of older employees in the workforce reduces productivity of concerned establishments and lower their competitiveness. Not to mention the higher cost of health care as a direct cost to company. You are turning economic theories on its head by arguing that older work is better or is just as productive as a younger work force.
And yet you continue to claim my argument is invalid ?

Now you are going off on a tangent bringing in all irrelevant facts. Both your arguments that they have higher HDI as well as no local talent to resource from negate each other. All of their population is not old and they still have a very healthy segment of working population including youth. You mean to say they have not even 100 million youth left of the 900 million? 100 million youth who if they were to be highly educated given the resources at their disposal would negate the need for any third world country talent immigration. You are just being dishonest. The repercussion on their economy of an aging population is a different matter entirely and it was your attempt to scuttle the argument which brought it in.

Again deliberate misinterpretation of facts. I specifically mentioned food Inflation. Stop doing this deliberately to score brownie points.

There is no misrepresentation when you just talk as if unlimited QE is nothing at all. Basically you are approving of bad policies and bad economics.

What goal posts ? People take credit on higher interests when they have no alternatives available. Its not their first choice or their second choice. Real life is a LOT different than theoretical reasoning.
If the govt. is not responsible why the hell is Modi desperately trying to open bank accounts for every citizen and restarted the Aadhar card ? Take a deep breath and re-evalue your reasoning.
The vicissitudes of life tells the farmers to take loans from sharks. BTW usually the loan is from the same person he buys seeds and pesticides from. Most of the dealer also double up as loan sharks because they know something you don't. That farmers do not have access to easy credit. I know this because my friend is a dealer and I know the fantastic revenue model he has.

Oh yeah now go off on a philosophical meandering about the vicissitudes of life and all our hardships when the argument was not about that at all. Bring in Indian poverty, slums, widow burning, sati system, communal violence, and everything to throw in on an argument about govt loans at 3% per annum.

What Modi is doing is what we elected him to do. He is mending the economy and not just govt loans. No he is not about to bring in Bankruptcy laws where the debtor can save all his property from being confiscated while the bank holds the baby.

The thing stopping people from achieving their dreams is called "lack of opportunity".

This is another not here or there argument. Life is a maya. Deal with it.

I know what I said, rest is your ASSumption. I said we are yet to see how things turn out once Indian women is empowered as much as women in the west. The NRI example is quite apt especially since they continue to cling to Indian cultural practices in a ocean of alien culture. Their economic integration has nothing to do with this.
My observation is that NRI's take additional efforts to reinforce their Indian heritage which an Indian in India do not do. We are yet to see what happens when opportunities increases and values change. You can see the change already when our per capita is 1000 $, now wait till it reaches 40,000 $ and then let us talk.

More illogical arguments. Most laws in the country are very women centric. What more empowerment are you seeking? No, Indian culture is never going to be the same as Western culture. We voted to reverse the trend of Westoxication that was happening. NRIs take effort because they value what they have and so do Indians in India given that India is still a conservative highly religious country regardless of fringe commie elements.

Per capita income does not need to reach $40000 for us to go corrupt or liberated. There are enough poor countries which went that way including lot of African countries with liberal attitudes and Latin American countries.

 

[Sahasranama]

No you were trying to prove that going bankrupt in business ventures in Western countries keeps your personal properties away from being liable for payment which was proved to be false. Even in India after the declaration of bankruptcy, the future income from future ventures are not hypothecated. You are the one arguing here for the sake of argument.

er ...which part of federal exclusion list did you not understand ? Let me repeat, US federal law caps homestead exemption at $155,675. There are State laws that give unlimited exemptions. I am sorry to say, you proved nothing.

Now you are going off on a tangent bringing in all irrelevant facts. Both your arguments that they have higher HDI as well as no local talent to resource from negate each other. All of their population is not old and they still have a very healthy segment of working population including youth. You mean to say they have not even 100 million youth left of the 900 million? 100 million youth who if they were to be highly educated given the resources at their disposal would negate the need for any third world country talent immigration. You are just being dishonest. The repercussion on their economy of an aging population is a different matter entirely and it was your attempt to scuttle the argument which brought it in.

No. You are either being dishonest or wilfully blind to say the shortage in Europe is artificial. Germany & Spain raised its retirement age to 67, Iraland to 65. Ever wonder why there is no unrest due to unemployment in these countries even when retirement age is rising ?

There is no misrepresentation when you just talk as if unlimited QE is nothing at all. Basically you are approving of bad policies and bad economics.

That is another strawman. Unlimited QE?

Oh yeah now go off on a philosophical meandering about the vicissitudes of life and all our hardships when the argument was not about that at all. Bring in Indian poverty, slums, widow burning, sati system, communal violence, and everything to throw in on an argument about govt loans at 3% per annum.

What Modi is doing is what we elected him to do. He is mending the economy and not just govt loans. No he is not about to bring in Bankruptcy laws where the debtor can save all his property from being confiscated while the bank holds the baby.

Again being flippant about the reasons by farmers take credit at high interest rates. Yup, they are dumb, you are smart.

Bankruptcy laws bring in equity in risk sharing. All modern economies except India have such laws that protect the individual debtor against a massive multi Billion $ entity like a Bank. If the baby is made by the debtor and the Bank then the Bank better do its share of holding the baby.

More illogical arguments. Most laws in the country are very women centric. What more empowerment are you seeking? No, Indian culture is never going to be the same as Western culture. We voted to reverse the trend of Westoxication that was happening. NRIs take effort because they value what they have and so do Indians in India given that India is still a conservative highly religious country regardless of fringe commie elements.

Per capita income does not need to reach $40000 for us to go corrupt or liberated. There are enough poor countries which went that way including lot of African countries with liberal attitudes and Latin American countries.

Illogical ? I am seeking a time when the laws in the country DO NOT HAVE TO BE women centric. It can be gender neutral.

 

[Indrani]

er ...which part of federal exclusion list did you not understand ? Let me repeat, US federal law caps homestead exemption at $155,675. There are State laws that give unlimited exemptions. I am sorry to say, you proved nothing.

Wrong. As of today only $22,975 of equity in home under the federal exemptions. This too varies from state to state whether the state will allow a person to avail of federal exemptions or restrict him to state exemption. The states which allow for unlimited exemptions under state laws have been curbed by Bankruptcy Abuse Prevention and Consumer Protection Act - Wikipedia, the free encyclopedia

which limits the scope of filing for Chapter 7 bankruptcy claims and instead pushes them towards filing chapter 13 where in they are made to payback a certain portion of the debt from their equity or future income over a period of 5 years.

The new bankruptcy law and you - Oct. 17, 2005

No. You are either being dishonest or wilfully blind to say the shortage in Europe is artificial. Germany & Spain raised its retirement age to 67, Iraland to 65. Ever wonder why there is no unrest due to unemployment in these countries even when retirement age is rising

It is you who are being dishonest. They do not want immigrants. Europe especially is employing all sorts of curbs to restrict immigration. We are going towards the age of robots which will make for lesser and lesser employment opportunities and they do not want people flooding in. Their social security system is entirely outside the scope of our argument. By employing 10,000 scientists from India they are not going to make a difference to their social security system even by a jot. That third world talents are being employed by the West is because their own are very lazy to pick up the slack. So much for the HDI.

That is another strawman. Unlimited QE?

Yes the argument started by me arguing that what keeps the Western banks solvent is the unlimited QE which made you bring in how it is perfectly reasonable for India too which made me point out the inflation it led too. Yes Unlimited QE.

Again being flippant about the reasons by farmers take credit at high interest rates. Yup, they are dumb, you are smart.
Bankruptcy laws bring in equity in risk sharing. All modern economies except India have such laws that protect the individual debtor against a massive multi Billion $ entity like a Bank. If the baby is made by the debtor and the Bank then the Bank better do its share of holding the baby.

India has more than 50% of its population engaged in farming. How many deaths due to pesticides take place? Millions? So blame the poor farming practices or poor agricultural inputs from the state, not the lack of loans at cheap rates. Especially when the state has been waiving off loans like nobody's business.

In case of a bankruptcy the bank does lose money too. Only in India they are more honest and do not lend money for doubtful enterprise and secure the depositers wealth from scams after scams as happens in the West. Which is why Indian banks still pay 8% interest to its depositers and rewards savings unlike the Western banks which punishes savers and gives them no returns and pushes them towards an entirely rigged stock market.

Illogical ? I am seeking a time when the laws in the country DO NOT HAVE TO BE women centric. It can be gender neutral

How is that even related to the topic of women empowerment which was supposed to raise the rate of divorce in this country?

This best sums up the discussion on this thread from the trollers on all sides;

I like that chap, Bill Maher.

 

[Mike_Brando]

Superpower indeed

Again you,didn't i already pay your 50 cents in the morning!Okay i am giving you another 50 cent coin,take it as an incentive and go play with your CCP bot friends

 

[Beidou2020]

Again you,didn't i already pay your 50 cents in the morning!Okay i am giving you another 50 cent coin,take it as an incentive and go play with your CCP bot friends

50 cents in Renminbi can feed 1 million starving Indians considering the collapsing Rupee.

 

[Mike_Brando]

50 cents in Renminbi can feed 1 million starving Indians considering the collapsing Rupee.

Okay here's another 50 cents for that post of yours.I think you're going to pretty happy at the end of day,the way you're earning these 50 cent coins