Coal Quote by Subramanian Swamy
“Auctioning of natural resources such as spectrum, coal, oilfields, and land for commercial exploitation can largely substitute for tax impositions.”
About This Quote
Source Speech: Economic Policy Address, India, 2004
Privatizing natural resources can replace taxes as a revenue source, shifting the burden from citizens to commercial users.
In simple terms: Selling resources can fund government instead of taxes.
Key Takeaway
Consider resource auctions for revenue.
Themes
economics
public finance
privatization
tax policy
Mood
analytical
critical
Type
policy
economic
When to use this quote
- budget planning
- infrastructure funding
- environmental regulation
Key Concepts
market mechanisms
resource allocation
government revenue
Questions to Reflect On
- How would resource auctions affect low‑income groups?
- What safeguards are needed for sustainability?
A Different Perspective
May overlook social equity and environmental impacts.