HomeNewsOpinionUS billionaires are saying, “levy a tax on our wealth.” Should India follow suit?

US billionaires are saying, “levy a tax on our wealth.” Should India follow suit?

Ravi Krishnan • June 26, 2019 / 10:39 IST

A high wealth-to-income ratio is not a good thing from a financial stability point of view. Concentration of wealth in the hands of a few is a recipe for increasing social unrest especially when India is facing a crunch in even basic resources like clean drinking water.

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