India Must Impose More Tax On Its Super-Rich People: French Economist

French economist Thomas Piketty urged India to impose wealth and inheritance taxes, arguing that the country’s top 1% now control 22.6% of national income. He suggested a 2% wealth tax could raise 2.73% of GDP. However, India’s chief economic adviser opposed the idea, and the government has consistently rejected wealth and inheritance taxes, citing potential impact on middle-class families.READ FULL