Easy credit is pushing many Indians into long-term financial distress, warns Aseem Dhru. (Image: Unsplash) Show Quick Read Summary is AI Generated. Newsroom Reviewed

A social media post by Aseem Dhru has struck a chord online after he described consumer debt as “modern day slavery,” warning that easy credit is pushing many Indians into long-term financial distress.

The MD & CEO of SBFC Finance argues that the moment a person takes a loan, “you are enslaved to the system,” spending decades buying back freedom through interest payments. He likens taxes to the first “master,” pointing to income tax, GST, stamp duty, capital gains tax, STT, municipal taxes, road tax and even fuel levies as evidence of how the system extracts from every stage of earning and spending.

The second “master,

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