Wallets wide open | Nandan M. Nilekani - livemint

via livemint: "The rise of the nanny state also meant that it was expected to be the provider of all public goods and do all the social service. And finally, the extortionist levels of taxation imposed by the state crippled the entrepreneurial class, and business growth was akin to, to use an Indian expression, building a house with sand— money slipped away through your fingers."