In this short YouTube commentary, the speaker recalls a statistic that roughly only 2 % of India’s population paid taxes, highlighting the massive tax‑non‑compliance problem. He connects the low tax‑paying rate to India’s large unbanked, cash‑based economy, noting that without bank accounts there is little traceability and taxes feel optional. The speaker also acknowledges that the figure is about a decade old and may have shifted over time, expressing surprise and concern about the claim.
I remember hearing at one point that only 2% of the Indian population paid taxes. Really? Like, the majority of the population just simply didn't pay taxes. This is a big problem in India because they're not banked either. So it's like, there's no way to track anything. Cash economy. You don't have a bank account. Taxes? Nah, it's not for me. Yeah, it's optional. But I think that might have changed. This was like 10 years ago. I heard that stat and I was like, what the hell? I'm sure that's changed over time.
