how has our country in this long period for lockdown taken care of poor and the daily veg longer? do you have any suggest for the same have you in anyway contribute in the above.
Answers
Answer:
INHERITANCE TAX:-
The disparity in wealth around the world is burgeoning, to a point where the top ten richest people have as much wealth as the bottom fifty percent of the world, history has taught us that such disproportionate wealth is unsustainable. Five hundred years ago, when the king and his court accumulated ninety percent of the resources of the state; this resulted in coups, the current ecosystem is driving people towards populists leaders.
We must remember populism is generally a precursor to socialism, we have been down this path before and know it doesn’t work. The wealth disparity has to be contained, for the good of the rich and the poor.
A 10 percent inheritance tax right now can go a long way in aiding the undeserved of our society today. Also, this has precedent in our western counterparts, where economies have been using this as a tool, and it seems to be working for them.
We had issues with our economy slowing down much before all the carnage this virus has created began, financial markets and a robust secondary market are cardinal to the well-being of an economy. Let’s explore some of the ways by which the government can attract foreign
This recently introduced tax is not earning the government any money, and with the 35 per cent correction we have just witnessed, it doesn’t look like it’ll earn money for a substantial amount of time in the future either. It deters foreign capital it would be prudent to scrap the tax.
Reduction in the change in rules around how FPIs are taxed and make it easier for foreigners to allocate money into India, things like indirect transfer tax etc are a huge operational deterrent for investors exploring the FPI route.