Countries like India, which were not prosperous enough for development to be funded in each corner of the country, felt the pinch of the neo-capitalist economy. In prosperous nations, in spite of centralization, economic prosperity was widespread. But here, lack of resources coupled with corruption, slowed down the developmental rush of the early independence years by 1970s; the 1980s was marked by confusion in economic policies. Come the 1990s; with communism fallen, decentralization and liberalization on, a new wave of enthusiasm crept in the economy. But this all is probably happening too little and too late. The argument in favour of high-taxation for the rich is that this money would be utilized for the uplift of the poor. What has been observed on the ground however, is that it is the middle class (and not the rich) which feels the pinch of taxation, while the poor do not seem to be benefited at all. The reasons behind this phenomenon would be the topic for another write-up and I