Letter to BS: Every type of subsidy is harmful for Indian economy

Apropos your editorial “Power populism” (February 13), every type of subsidy is harmful for economy. The idea of a stimulus meant for all is only a mirage that temporarily satisfies the masses but results in higher taxes. Even robbing Peter to pay Paul as a mode of income redistribution only makes Paul lazy and Peter resentful. Tamil Nadu holds the dubious distinction when it comes to introducing novel freebies and subsidies. Who can forget the distribution of free colour television sets to beneficiaries identified by the ruling party functionaries when the entire state was reeling under power cuts? To outshine