The concept of Aadhar card is a copy of American system called Social Security card but with a few differences.
In the US, almost every aspect of your life is tied to this unique number. This includes federal taxes, state taxes, Social Security payments, banking, investments, health, insurance, mortgages etc. This is the basis on which the US government tracks you on who you are, what you own, how much you are worth, how much you earned in a given tax year and how much taxes you may owe (after deductions). They link all your accounts to come up with your tax bill. Unless you are in cash business, it is almost impossible to hide your earnings and there is very little you can do with your non-taxed cash in the US. In most instances it is illegal to carry cash in excess of $10K in your pockets. You can't buy fancy cars, you can't buy properties ... nothing ... unless you come up with taxed money in the bank. And there is more! Even if you pay your taxes on some ill gotten wealth (bribes etc), they have a pretty good system to track down money launderers. The social security system in the US charges every employee and their respective employers two main types of taxes, totalling about %15.3 of your salary. There are certain ceilings on earnings and other exceptions but this is the most common percentage number split equally between the employee and the employer. These taxes are in addition to your regular federal and state/city taxes. If you put in at least 10 years of service, you and your spouse could qualify for lifetime benefits such as monthly retirement payments (it can't fund your entire retirement but hey - every penny helps when you have no other income coming in) and medicare - a form of socialized medical coverage for the retirees. It also acts as an insurance coverage, should you happen to pass away prior to retirement leaving behind young kids and/or dependents or if you get disabled and have no ability to earn a living. India does not have any of this. But I do support the concept of Aadhar card in India as it will help to root out corruption and black money. This may not happen tomorrow, but given some time, India will get there. Cheers, Jim Fernandes Scarsdale, NY. On Wed, 29 Mar 2017 07:27:50 +0530, Stephen Dias <steve.dia...@gmail.com> wrote: > OVER INSISTENCE > ON AADHAAR CARD > > ELVIDIO MIRANDA > > The insistence on the government at the Centre to try and make Aadhaar Card > mandatory for availing of centrally-sponsored social welfare schemes, > opening of bank accounts, linking of Aadhaar card to Driving Licence and > asking Telecom companies to link Aadhaar with mobile numbers is an attempt > to impose what even the Supreme Court has ruled that Aadhaar Card be not > made mandatory but optional. It is always that anything that should be done ... ...
