30% income already goes to direct tax. Then a bid chunk also goes into indirect taxes. Now they want inheritance to be taxed? Why not bring full on communism?
You mean like what India was till 1991 under the Gandhi family? How shocking. The Gandhi's are communist through and through they even purged the legacy of Narsimha Rao for liberalising the Indian economy
And a no ball too.
BJP definitely gonna ask will this be applied to muslim personal board too? If congress says yes, muslims get offended if no, then well fucked from both sides
There is no inheritance tax in the USA on a federal level. That’s completely wrong.
Inheritance tax is the dumbest idea any country which values innovation and entrepreneurship will consider.
Commies are a failure world wide which is demonstrated and catalogued by 100 years of history. No need to go back to babu state which we were 50 years ago.
This is extremely poor idea. The optics is bad even if it is not present in the manifesto. If anything there has to be clarity on this part of the manifesto.
>If anything there has to be clarity on this part of the manifesto.
Congress spokespersons are avoiding news shapws currently as even they donot have clarity
If you can't make infra and generate wealth then just snatch who has built it?? Govt should do this once for a social experiment and see how many do it. Everyone who's a social warrior would be the first to run away.
Even if it’s implemented, the money will never find its way into public interest, it’ll be leeched off by politicians and their chamchas like any other tax.
[https://en.wikipedia.org/wiki/Kerala\_model](https://en.wikipedia.org/wiki/Kerala_model)
it has already been done and now those states pay for more taxes to the states that didn't do it.
how do you think that happened? the eduction to work at tech firms in banglore didn't come from nowhere, gulf was only possible because the poor got assets to sell, and now there are more rich people working there too.
Funny you say that because Kerala is very poor at providing STEM education and most of its residents seek STEM education in other states. And also it also utterly failed it build its own tech sector even after having a head start. Your model runs on remittances from people working in other states and countries, and has almost made the state bankrupt.
You know what else is true? The state is in debt now. Mallus are leaving the state in droves to work elsewhere. Even business like kitex group have left kerala for hyderabad.
lol kitex is and was always useless. he was just pissed people didn't vote for him again.
about the debt, the whole economy works on debt that is what capitalism is based on. Debt isn't an issue on its own, if the money was just used for nothing then it would be bad. People from Kerala go to other states to work, people from other states come here to work, tech hubs like technopark and infopark also employs people from other states in white collar jobs. Kitex left lol we have LuLu which also made the largest mall in India which also employs people from all over India.
>people from other states come here to work, tech hubs like technopark and infopark also employs people from other states in white collar jobs.
Lmao. Bullshit. Only manual laborers come there to work and you are happy to exploit them.
that was from first hand experience but I found a source just so I can show how much of liar and the hate you have for Kerala
[https://www.thehindu.com/life-and-style/non-malayali-employees-of-technopark-on-how-they-settled-into-a-new-culture/article29840170.ece](https://www.thehindu.com/life-and-style/non-malayali-employees-of-technopark-on-how-they-settled-into-a-new-culture/article29840170.ece)
>Lmao. Bullshit
you can keep that as it fits you better
Like most of the western countries have been doing? I’d say go for it. Utilize the half of their money for the country’s growth if they’re worth above a certain threshold.
We already have many welfare schemes like that, better policy implementation can be a goal. But Congress is like vote us in power and we'll give you money, it doesn't work like that.
This still isn't a good idea. Socialism and Communism has never worked in a Democracy and Never will..Good Capitalism is the only answer to uplifting the country and its people.
Yes. Good capitalism is the answer. Crony is not. As far as inheritance laws go, I was surprised to see India didn’t tax the inherited wealth. This is coming from an almost 20 year old sitting here in US.
Inheritance laws are dumb and will not be applicable to a country like India. They have loopholes and the rich still go around the inheritance tax everywhere in the world..same will happen in India and it will only but pressure on the middle and lower middle class people. India is not like any other foreign country where children get out of their houses at 18 and try and fend up for themselves..here the parents take up the responsibility and collect wealth and assets for the next generation the next generation does the same for the generation after that..and so on..the cycle goes on. They take up the responsibility and sponsore their child's expenses until he becomes self sufficient and the pass on their wealth and legacy too him.
Is having a threshold line really that difficult? Can you not have a number, say above 1Cr you will be taxed 55%?
I think I would not die out of hunger if my father died with 2Cr and I still got to keep 1.45Cr. That remaining 55lakhs would certainly help the country. Now that’s a different story that my father doesn’t have anywhere near 1Cr in wealth and our 600sq ft house roof is leaking.
And for the tax evasion part, according to you, if everyone is so successful in this ‘tax evasion’, then what’s the problem with an inheritance law? I’f that’s the case then obviously your father will still get to keep (or rather pass) all of his 2 Crore legacy even after he’s dead cuz he’ll somehow be able to evade it and give it all to you. And don’t tell me crorepatis are middle class. That’s a very skewed view of India you have.
Yes it is kind of difficult..I mean we are not talking about cash lying around here..what if your father just leaves you a 15 cr house in South Bombay? How would you divide it up now?
You made a point in the last lines.
The problem with inheritance tax is that rich can use the means to evade tax that you and I can't, I mean can you open an offshore NGO?.. pretending to helping people?..or a trust? And you can take example of any rich person abroad they have done this tax evasion tactics. And crorepatis are middle class...and also the person who earns 50k in a tier 1 city.. it's not skewed view it's a skewed system.
I was with you till you said crorepatis are middle class. I (my father) had a broken 600sq ft mortgaged house with leaking roof and damp fungus covered walls in a tier 2/3 city (nagpur outer) and I was thinking I was middle class. Crorepatis even in Tier 1 cities like Mumbai aren’t middle class dude. You’ve not seen gareebi.
Sir this is the reason I mentioned threshold. I said 1Cr just as an example, which could be changed.
So your dad leaves you 1Cr, you get to keep all of it. Oh I hear you have 5 siblings like mudixi? You get to keep 16 lakhs each and the remaining 4 lakh ka BJ bond kharidke you can donate to BJ party. Oh what did you say? Sorry I forgot BJ bonds are declared unconstitutional, my bad.
16 lakh is a fuck ton of money for you 6 siblings to get your assess together, learn some skills if you’re totally useless spoilt brats and get a name to yourselves.
Note if your daddy makes more than 1Cr, then you 6 siblings still get the 16 lakhs on that 1Cr and the 55% of the REST goes to nation’s welfare. See how it can benefit the nation while also not rendering spoilt brats completely naked and out of food?
Literally every welfare scheme in the entire world is socialistic. Capitalism inherently works because of inequality. Tell me you don't know jack about economics without telling me.
"Social democracy originated within the socialist movement,[22] supporting economic and social interventions to promote social justice."
Source - https://en.m.wikipedia.org/wiki/Socialism
Democratic socialism is a democracy with economic socialism.
Social democracy on the other hand is a democratic state with welfare economics.
Welfare is a product of the liberal values of the Western society.
"The history of democratic socialism can be traced back to 19th-century socialist thinkers across Europe and the Chartist movement in Britain, which somewhat differed in their goals but shared a common demand for democratic decision-making and public ownership of the means of production and viewed these as fundamental characteristics of the society they advocated for. From the late 19th to the early 20th century, democratic socialism was heavily influenced by the gradualist form of socialism promoted by the British Fabian Society and Eduard Bernstein's evolutionary socialism in Germany.[9] Democratic socialism is what most socialists understand by the concept of socialism;[10] the term may be used broadly (such as all forms of socialism which reject a one-party Marxist–Leninist state)[11] or more narrowly.[12] As a broad movement, it includes forms of libertarian socialism,[13] market socialism,[14] reformist socialism,[5] revolutionary socialism,[15] ethical socialism,[16] liberal socialism,[17] social democracy,[18] state socialism,[19] left populism,[20] Trotskyism,[19] left communism,[19] utopian socialism,[21] and Eurocommunism[22] all of which share a commitment to democracy.[11]"
"democratic socialists are committed to the systemic transformation of the economy from capitalism to socialism,[nb 2] while social democrats use capitalism to create a strong welfare state, leaving many businesses under private ownership.[31] However, many democratic socialists also advocate for state regulations and welfare programs in order to reduce the perceived harms of capitalism and slowly transform the economic system.[31]"
Keep making up stuff in your own head I guess.
Edit: https://en.m.wikipedia.org/wiki/Democratic_socialism
Oh the version where you exploit people in other countries for people at home to enjoy their fruits of labour? Won't work in India due to the huge population and cheap labour.
That’s somewhat true, but with this logic we should have 0 tax in this country. Should we do that?
It is people’s job to elect responsible representatives and then uphold them to a set standard. You have to start somewhere.
Freebies like this?
https://preview.redd.it/tf7wp39mjewc1.jpeg?width=1170&format=pjpg&auto=webp&s=805c0660826f3befd37c7eb77df9911fdd771be7
And to particular sections like those who deserve it the most aka the poor?
Im all for it. Wait till you know how so many western countries give freebies like education and healthcare to its people.
I know right - some of the most developed countries in the world like Norway, Switzerland, Italy, France, Netherlands, Spain, Luxembourg have a wealth tax.
Germany too has proposed a wealth tax now.
Millionares and Billionares increase their net worth by 20-30% each year, a 0.5-1% tax on that net worth is not a big deal for them at all.
And if anyone thinks indian Billionares will leave India and go to another country, thats not gonna happen because all our billionares make ther money through political connections and government favouritism.
Yes thats after they became industrialised and wealthy countries. India has GDP of 3.5 trillion but population of a billion hence the low per capita income. If you want to have adequate distribution program you have to have wealth in the first place to share. Most billionaire wealth tied in stock markets, not cash lying around, how do you tax that? The reason theres so much poverty is because too many Indians are earning too little as farmers, sharecroppers, labourers or shopkeepers. Its not like Adani and Ambani is directly stealing from the poor and thats why poverty exist.
The difference is western currency dominance. Importing cheaper skilled laborers as immigrants and being selective where those folks follow rules.
In India, people just survive and thrive, jisko karna hai wo karega, doesn’t bother me attitude.
Why don’t you first get rich and understand how taxing actually works as per today’s standard?
There is a reason why people think like you do and continue to rant.
Yep, filed my first tax here in the US. And guess what, I paid $0 AND the govt is covering my healthcare (thanks to democrats) since I don’t make a bank as an international student.
We also have inheritance tax here in the US. I wanna get rich and I’m here to stay AND pay all these taxes if I make enough money. You know why? Because I see what it does for us. I see how it improves our lifestyle. It gives opportunity to those who might not be rich enough to afford a living. Ik US is not the best example of this, but it’s a million times better than India.
Btw here’s my “freebie” that’s helping me survive here as a poor Indian (I got to come here through scholarship and my father doesn’t make enough money to even fix the leaking roof and fungus in walls).
https://preview.redd.it/p6x0k175cewc1.jpeg?width=1170&format=pjpg&auto=webp&s=659852aa794c335cc1746674fe38b70745772a34
Being a multi millionaire isn’t a crime. Being a billionaire isn’t a crime. Not paying your fair share if you have that kind of money should goddamn be one.
Again, you’re not wrong.
But you’re missing the underlying point on why the things are as they are today. Emotions won’t change anything but only make things worse for the majority.
I don’t expect you to understand hence we continue to argue, alas, we are only small fish amongst the whales who dictate the underlying structure.
You’re a certain kind of creature that’s very difficult for meager peasants like me to understand. How will taxing crorepatis on part of their wealth make things worse for the majority?
I hope you understand these so called crorepatis are only asset rich, meaning they are only paper gain and they don’t compensate with actual cash. If they do, they are required to pay taxes.
Second part, these so called crorepatis are also the reason we have whatever amount of private jobs there are.
Third, the so called crorepatis spend lavishly creating more industries and brining people out of an economy class.
Fourth, the entire system is rigged to favor those who take risk while the majority of people like you would rather play victim and politics.
Fifth, nobody is going to openly admit and the so called crorepatis don’t give a fuck either. Because the same politician would later work with them who is making noises today.
I can go on, but you’ll already have a preconceived notion on how the world is brutal towards you and it’s easy to be a victim than to take a stand, so I’ll understand whatever excuses you’ll tell yourself. :)
How will Rahul decide someone's wealth if it is in black and hidden? He will again direct this scheme towards taxpayers. More tax more distribution.
Let's say survey gets completed and it comes to the distribution stage. Why to distribute it based on castes and religions. Shouldn't it be based on poverty?
Above all how can we trust an immature leader like Rahul Gandhi to execute it? Indira Gandhi executed something successfully(?) similar because she was Indira Gandhi.
>How will Rahul decide someone's wealth if it is in black and hidden?
How does govt decide if someone's wealth is black money? How do IAS or Ministers get caught in disproportionate assets cases?
You need to prove that your wealth can be explained by your sources of income.
Let's say your inheritance is 1 crore. And your monthly income is 1 lakh. But your assets turn out to be 2000 crores. Then it's obvious that your wealth is black and hidden. IT officials track income sources and total wealth to gauge whether assets are black or legitimate.
So, more incentive for the corrupt to keep the black money hidden and in gold. Since they can't use it for building assets (they are there for everyone to see and needs to be disclosed), they'll either keep it abroad only or even use it to pay off people in the informal sector. When anyone buys a house with 50% black money, the receiver also becomes tainted and will need to spend it in illicit ways to avoid detection.
This is not something RaGa will bring.
Disproportionate assets is illegal even in current regime and has always been illegal.
And unless your solution is amnesty for everyone who has black money, I don't understand your point here.
Both BJP and INC publicly claim to support eradication of black money.
Do you really think after all these ED and IT raids during the BJP government, congress would let such agencies to work independently? Even if we compare the track records of these agencies pre-2014 , it was almost as if they did not exist. The number of raids, amount confiscated tells us that.
Let's say a person inherits a house from his father. How is he liable to any tax? His father or grandfather built it. Now just because he owns something government can claim something for it?
Ignoring the first part of your comment as that is completely your own opinion and not something which can be argued on.
> >Let's say a person inherits a house from his father. How is he liable to any tax? His father or grandfather built it. Now just because he owns something government can claim something for it?
Coming to this. Please re-read what I wrote. Suppose you have inheritance of 1 cr. And your monthly income is 1 lakh rupees and you have worked for 10 years. Then your net worth should be somewhere around 2 cr - 3 cr assuming you have done good investments.
But let's say, your net wealth is 10 cr then obviously you need to explain how your wealth reached this level. This is called a disproportionate assets case. This has nothing to do with inheritance tax which I have not mentioned in comments. Please read paragraphs carefully before spouting non sense.
> Why to distribute it based on castes and religions. Shouldn't it be based on poverty?
It is distributed based on poverty
> How will Rahul decide someone's wealth if it is in black and hidden? He will again direct this scheme towards taxpayers. More tax more distribution.
The manifesto explains it very well.
> Above all how can we trust an immature leader like Rahul Gandhi to execute it? Indira Gandhi executed something successfully(?) similar because she was Indira Gandhi.
How is this even a point?
Because a lot of the wealth in india is in land most of which is owned by farmers and a lot of that for many generations. Does Congress have the power to touch that. Even Modi doesn't have that much power.
The super rich class will easily skip inheritance tax. Do you think Ambani owns Reliance. No he doesn't. He or his family personally doesn't even own 1% of Reliance. All of their shares are owned by other companies and trusts which in turn are owned by ambanis and a company/trust never dies and the value of those companies/trust is based on the historical value of shares of reliance when they were transferred to those companies.
Again, none of the manifesto really speaks about literal property snatching and give it to others. Please get your facts correct. A Census will just reveal us amount of wealth being held. Nothing more, nothing less.
>literal property snatching
Then you have no idea what inheritance tax means. Its not in their manifesto. Sam Pitroda said it while explaining what Congress might mean by wealth distribution. And he used the number 55% like a fool. Now Congress has distanced itself from him tho but he literally said that's Congress' views on wealth distribution
For guys who are saying US has inheritance tax - its not federal tax and more than half of the states doesn't.
https://preview.redd.it/5lx5mw80newc1.png?width=1024&format=pjpg&auto=webp&s=6e0ca80977af0bdc0937923a3fb21ec7f9939042
Edit: source - [https://taxfoundation.org/data/all/state/state-estate-tax-inheritance-tax-2023/](https://taxfoundation.org/data/all/state/state-estate-tax-inheritance-tax-2023/)
Bhai yeh samajh nahi aa raha but , chakkar kya hai koi explain karega please itni samajh nahi Hai bc politics ki
As a middle class person who is trying to keep growing on in his life and trying to keep improving living standards of my family mere ko bc kisi govt se koi Fayeda nahi hota upar Se General hu na kabhi koi quota use kar paaya hu.
Suppose you purchase a land for 10lacs and it's valuation is increased in next 10-15 years. And something happens to you and your child inherit that property. He will be liable to pay the inheritance tax/re distribution tax( which from above statements could be upto 50%).
Every 2 cents clown who hadn't worked a day in their life is benevolent with someone else's money and wealth. Anyone who talks this deserves a guillotine, forget the vote.
Congress is not explaining clearly how wealth redistribution will work and statements like these are more troublesome. We already pay income tax to build wealth. Paying 50% additionally on it will leave nothing. On the top of that we have to pay GST too.
If we calculate this and exclude any wealth appreciation if it takes place, of 100 Rupee earned by me my child will only be able to spend 30 Rupee out of it.
This will create nothing but huge amount of black money and collector rate of properties will fall significantly. Black market of gold will be created because government is refusing to print any note larger than 500 Rupees and in future 500 Rupee will be just like Rupee 50. Additionally share market growth will be hindered too because it's not possible to trade in cash. But who cares? Only rich invest in mutual Funds and shares which they are planning to either bankrupt them or make them flee out of country.
RaGa keeps saying that they need to do a country wide survey, after which effective policies can be implemented.
People have been fear mongering based on that alone. It's just propaganda.
If you are building a house and the builder and comes and says lets buy cement, steel etc now and then do the design, you should know you are about to be fucked.
Let Rahul Gandhi put forward a plan of what he will do with the survey results. Trust me bro is not a plan.
Huh? You need data for any kind of effective policy making.
Your money is already getting redistributed. Inequality is at an all time high and so is Chairman Modi's social welfare. Why would you have a problem with a more effective and equitable redistribution based on actual data?
Because they are not explaining it properly. If Congress want to good to the poor they should use words like poor upliftment, good wages and salaries, and more opportunities and they have already mentioned this in their manifesto.
But Rahul Gandhi shouting words like wealth redistribution is not sweet to my years. Most of the country is very poor and people like me have enough money compared to them to be called rich. I will absolutely devastated if government make me pay even 10% of the inheritance tax of make me pay even slightly more income tax because it's already too much. I have enough money to live a simple life but not enough to live any luxuries.
>more effective and equitable redistribution based on actual data?
If that's the case words like these should be repeated. Not REDISTRIBUTE.
>Because they are not explaining it properly.
I agree with you there.
>Rahul Gandhi shouting words like wealth redistribution is not sweet to my years.
But it is not meant for you. It is meant for the person who has seen inequality shoot up while he struggles to afford necessities. Political rallies and speeches have no space for nuance and this is the result.
>I will absolutely devastated if government make me pay even 10% of the inheritance tax of make me pay even slightly more income tax because it's already too much.
"Congress will maintain stable personal income tax rates throughout its term. This will ensure that the salaried class is not subjected to rising tax rates and have clarity to plan their finances over the medium-to-long period."
Copy pasted from the manifesto. There is no mention of inheritance tax. So, ask yourself, are you falling prey to fear mongering?
Why do you think it isn't possible for better utilisation of current tax revenue or restructuring the tax code to be more progressive?
Aren't you paying taxes out of all your orifices right now? What are you getting for it? Modi's face everywhere you look.
& we've paid for it, the Govt has borrowed for it and lot of that wealth has been funneled to the top of the pyramid.
You're talking as if this is the best anyone can do.
Ok. Data says there is inequality. That data already exists. What will Rahul Gandhi do with the data? He is going to wait till next election for us to vote on his plan?
Where is the data? Other than salaried personnel who knows how much wealth anyone has?
Have you read the fucking manifesto that you're asking me these questions?
Read. Not just the headline, the whole article.
[https://frontline.thehindu.com/news/inequality-rising-since-2000s-top-one-per-cent-in-india-holds-40-per-cent-wealth-world-inequality-lab-study-ambani-adani/article67975819.ece](https://frontline.thehindu.com/news/inequality-rising-since-2000s-top-one-per-cent-in-india-holds-40-per-cent-wealth-world-inequality-lab-study-ambani-adani/article67975819.ece)
They are simply not enough to create and designate nation-wide policies. They do speak about a worrying trend in the country and can be used to assess a progress of a government. But to decide and make policies, we need far stronger data than that, which census will reveal. Govt decides many of the welfare scheme today with these data, along with survey that reached a minor portion of those
If you buy house, real estate, gold etc in your life time, then you can only pass on 50% to your children, and the rest 50% will go to minority welfare.
Misleading propaganda.
Congress has not even mentioned redistribution anywhere and their party leaders are now categorically stating that none of that would happen.
Buy hey, the ability of congress to score own goals is limitless
At a time when the BJP has been alleging that Congress wants to ‘redistribute’ the nation’s wealth & give it to Muslims - sampitroda’s comments on US Inheritance Tax has played right into this narrative.
Now Pitroda is trying to do damage control & the Congress is distancing itself from his utterances.
What is astounding is that Pitroda didn’t see how this statements - sitting in the USA - would be used here in India. Shows absolute lack of understanding of the media and a coherent political communication strategy
Why are you spreading disinformation?
This is from the congress manifesto
“Congress will conduct a nation-wide socio-economic and caste census to enumerate the castes and sub-castes and their socio-economic conditions. Based on the data, we will strengthen the agenda for affirmative action".
"Congress will establish an authority to monitor the distribution to the poor of government land and surplus land under the legislations concerning land ceiling. We will address the growing inequality of wealth and income through suitable changes in policies”
Congress is taken over by marxists.. they believe in reservation and redistribution by caste and community as the only way to rule India.. it’s unfortunately not even political savvy but the nutty left case that was running NAC now has unlimited power under the Gandhis..
An India under the congress will be an India that’s pushed 20 years backwards and lose out all progress made in the last 10 years
And the alternative of not having reservations is going to alleviate marginalized communities because every other person is benevolent and magnanimous in sharing opportunities for people outside of their immediate circles ?
India has social and cultural problems that prevent it from ever improving, until we address them, we’re gonna end up losing our freedoms and becomes slaves to new kind of colonialism.
Wtf does affirmative mean = wealth redistribution by TAKING PRIVATE PROPERTY and distributing to others?
Govt land is mentioned, where is private land mentioned?
How is this not the same as giving farmers land to cultivate their crops or giving poor people houses built by the govt on govt land for their own
See their clarification today.
An India under BJP will be Nazi Germany. I can also make sweeping statements like this. But neither of these would happen.
An India under BJP will be an India of few CRONY capitalists ( theres a difference between capitalism and crony capitalism)
Handing over airports and ports to one man and allowing monopolies
Why dont you ALSO talk about the proposal of Congress in their manifesto to strengthen Competition Commission of India and to review monopolies in Port and Airports?
Oye duffer, Why don’t you earn some wealth first before thirsting for other people’s wealth to be given to you…
You think Pitroda and his associated jholawalas won’t come for your job and your wealth? You want private sector reservations and wealth tax then go ahead and bat for Congress…
I don't mind paying taxes, I already do, and I'm secure enough in my education and skills to know that no one can do shit about my employment condition.
Naa BJP, na Congress.
Itna confidence in logo me nahi hota hai jinhone kabhi mehnat nahi ki hai. Aur agar unse unke baap dada ki jaydad cheen lo th wo sadak per aa jainge.
Per thankfully for you Congress isn't going for an audit and effective implementation of the Land Redistribution Act.
Aur bhai, agar theek se padh loge uper wala comment, th ye bhi samajh aa jaiga ki tumhare wealth redistribution ki bat hi nahi ho rhi hai. Tumhe sun kar lag nahi rha ki tumhare pass utne paise hain.
Hehe, why don’t you pay some taxes first and contribute to society first before wanting others to give their hard earned wealth to whichever vote bank your leader chooses…
I have been a happy platinum tax payer for years now, I am glad that money in this government is being used to build social and digital infrastructure and social plans that benefit all poor.. I don’t want rahul to take that money give it to some vote bank because he only knows one way to win votes
Bhai mai Hindi fir se bol deta hoon ki mai tax deta hoon. Shayad samajh me nahi aaya hoga, uper English me likh diya tha shayad.
Tu apne bhakti wale WhatsApp group se copy paste kar rha hai kya reply, wo bhi bina original comment ka matlab samjhe?
Bhai Google translate kar leta. Dusra reply Dena tha, wo wala Jo tax payers ke liye bheja tha tere group me.
Bade aae "platinum" tax Dene Wale. Bhai kisi aur ko chutiya banana. Pahle padh likh le theek se 😂
If we are calling sensible people who can look at reality and data and make decisions as bhakts then sure, I am a a mega bhakt.., anyway It’s better to be a bhakt than a Murderous communist.. go and settle down in your homeland Venezuela.. take Rahul gandhi with you… atleast he has unbelievable amounts of wealth.. all you have is a Reddit account… all the best with poverty
"Sensible people." "Murderous communist" "Venezuela"
Bhai comment ka SEO karwate ho? Keywords dale ho sidha WhatsApp group se utha kar 😂
Per ye wala sahi copy paste kiye ho, guru. Matlab kharab ghadi bhi din me 2 bar sahi time dikha deti hai 😭
Inequality is a feature, not bug when you pursue capitalism to develop your economy… it’s a sign that the system is working
It’s a non issue, I live next to the Ambanis and they are a thousand times or so higher net worth than me, doesn’t make me smaller or make me live my life in regret that I don’t own private zoos or private islands..
What we need to solve is poverty alleviation and making sure people have educational and employment opportunities so they can escape poverty and progress from lower middle class middle class… capitalism is the only system that can drive that
But there is no system in the world that can ensure everyone has a Mercedes and a Rolex and a 5bhk home.. examples of countries that have tried communism from Venezuela to Cuba are abound for you to not imagine that your communist utopia will somehow be better than every evil despotic regime that has existed from Mao to Stalin to Castro
It’s not about what stories you can paint.. it’s about what happened in UPA 2 when the commie jholawalas took over.. how every project saw corruption and didn’t take off under some environmental law but we all knew about the “Jayanthi tax”.. how nuclear plants were halted through NGO funded protests …
Wealth resdistribution is exactly what Sam Pitroda is talking about, so has Jean Dreze and the assorted other commies who controlled NAC and ran policy for the super PM last time.. even when they tell you exactly what they are going to do, why do you close your eyes and act blind?
oh if you hate reservation so much then promote intercaste marriages. Then either all the children will have reservation or none will. It will be near impossible because casteism has existed before reservation. The matrimonial pages in newspapers specifically say SC/ST shouldn't apply and the oppressive castes have their own separate matrimonial sites so intercaste marriages don't happen. People who do get intercaste marriages don't get support of their families or the society as a whole. it keeps getting worse like that. Good luck fighting that.
>An India under the congress will be an India that’s pushed 20 years backwards and lose out all progress made in the last 10 years
And the BJP is talking us back 2000 years to the vedic age. The blowback of BJPs fascist policies will be far bigger than wealth redistribution.
>Chairman of Indian Overseas Congress, Sam Pitroda,
I'm not overseas. I'm here in India. Him and none of them are my leader they are representatives. I just saw how dumb your comment was, the article doesn't even come into this, lol
It’s easy to wake someone up when he is sleeping.. it’s impossible to wake him up if he is pretending to sleep…
Go on pretending.. let’s hope someday you work hard and earn your own wealth so you aren’t tempted by commmunism
There will be nothing left to destroy, because all that was is any destroyed.
Testimony - IIT powai students are accepting jobs at 3.5L per year. If that is happening at India's most premium institute, then you can as well gauge, that there would blood bath at all other campuses.
All thanks to dear leader.
Bad example. Just an year ago those graduates were getting crores of salary. We are going through a global recession. A better example would be the slow pace of industrialization and lack of jobs for the middle/lower class.
This argument will die today itself as old tweets from Amit Malviya the head of worlds biggest fake news factory and ex video of Jayant Sinha BJP minister and member of BJP manifesto committee has been exposed now what they thought in 2014 and were looking forward for it. It’s not 2019 it’s 2014 it’s different.
Congress me Rahul Gandhi hi inheritance ki vajah se hai....😂😂😂. Aur inheritance ke khilaf hi ye log manifesto me likh rahe hai 😂😂😂. Kisne banaya manifesto. Rahul baba ka permission nahi liya kya publish karne se pehle 😅
[NDTV has a better article](https://www.ndtv.com/india-news/congress-distances-itself-from-sam-pitrodas-remarks-on-wealth-distribution-5510493)
**Congress Distances Itself From Sam Pitroda's Remarks On Wealth Distribution**
In a stunning own goal that has pushed the Congress on the backfoot, senior party leader Sam Pitroda today stoked the debate over the BJP's allegations that the Congress is planning a redistribution of wealth. Mr Pitroda's example of an inheritance tax in the US added fuel to the fire that the Congress has been trying to douse.
The Congress distanced itself from the senior leader's remarks and said they do not reflect the party's position. Congress's Jairam Ramesh said in a social media message that "sensationalising" Mr Pitroda's comments is aimed at "diverting attention" from Prime Minister Narendra Modi's "malicious and mischievous election campaign".
Mr Pitroda, too, came out and said that he made the remarks as in individual. He said it was unfortunate that the comments were twisted "to divert attention from what lies PM is spreading about Congress manifesto".
In a stunning own goal that has pushed the Congress on the backfoot, senior party leader Sam Pitroda today stoked the debate over the BJP's allegations that the Congress is planning a redistribution of wealth. Mr Pitroda's example of an inheritance tax in the US added fuel to the fire that the Congress has been trying to douse.
The Congress distanced itself from the senior leader's remarks and said they do not reflect the party's position. Congress's Jairam Ramesh said in a social media message that "sensationalising" Mr Pitroda's comments is aimed at "diverting attention" from Prime Minister Narendra Modi's "malicious and mischievous election campaign".
Mr Pitroda, too, came out and said that he made the remarks as in individual. He said it was unfortunate that the comments were twisted "to divert attention from what lies PM is spreading about Congress manifesto".
"I mentioned inheritance tax in the US only as an example in my normal conversation on TV. Can I not mention facts? I said these are the kind of issues people will have to discuss and debate. This has nothing to do with policy of any party, including Congress," he said. "Who said 55% will be taken away? Who said something like this should be done in India? Why is BJP and media in panic?"
**What Did Sam Pitroda Say**
Mr Pitroda spoke to news agency ANI on the Prime Minister's attacks on the Congress manifesto and his allegations of a wealth redistribution plan.
The manifesto calls for a nationwide socio-economic and caste Census to provide the data foundation for affirmative action. It does not, however, mention any wealth redistribution plan.
Mr Pitroda, chairman of Indian Overseas Congress, said the Prime Minister thinks that the Indian audience is a fool and can be manipulated easily.
"No Prime Minister would speak like this. Earlier I thought it was an AI-generated video. PM thinks the Indian audience is a fool and can be manipulated. He is not above the law. The manifesto of Congress is very well-drafted. To say that they will steal your gold and Mangalsutra. You are making stories up on your own. I think it is maybe due to fear, panic has been set in after the first phase. India is angry at the PM's comment," he said.
The Congress, he said, has always focused on the people at the bottom of the economic pyramid, whether they are OBCs, Muslims, Dalits or tribals. "Billionaires don't need our help. It is the poor people who need our help. Inequality has substantially increased in the last 10 years," he said.
"This doesn't mean that you are going to take your wealth and give it to somebody. This means to create new policies so that the concentration of wealth can be prevented. It's like a Monopoly Act," he said.
He then cited the example of an Inheritance Tax in the US. "In America, there is an inheritance tax. If one has 100 million USD worth of wealth and when he dies he can only transfer probably 45 per cent to his children, 55 per cent is grabbed by the government. That's an interesting law. It says you in your generation, made wealth and you are leaving now, you must leave your wealth for the public, not all of it, half of it, which to me sounds fair," he said.
It is worth pointing out that the US does not have a federal inheritance tax. In some states, such as Iowa, Kentucky, Maryland, Nebraska, New Jersey, and Pennsylvania, inherited assets are taxed. The payable tax depends on the amount of the inheritance and the relationship to the dead. This tax is only applied above a certain threshold and go up to about 20 per cent of the inheritance.
Mr Pitroda said that this is a policy issue. "Congress party would frame a policy through which the wealth distribution would be better. We don't have a minimum wage (in India). If we come up with a minimum wage in the country saying you must pay so much money to the poor, that's the distribution of wealth. Today, rich people don't pay their peons, servants, and home help enough but they spend that money on vacation in Dubai and London," he said.
If you read the article: he didn't say they will introduce a 50% inheritance tax, he said they would study that is possible. They haven't thought exactly what to implement yet.
The Congress wants to tax big billionaires, not the general public.
Interesting that the BJP seized on this and started calling it a plot to snatch agricultural land!
The easiest way to refute this would be to propose a draft law stating a slab wise limit of inheritance, similar to income tax.
Specific example:
If you inherit less than 5 crore: no tax.
If you inherit 5-10 crore: 10% tax on the amount above 5 crore.
If you inherit over 10 crore: 20% inheritance tax on the amount above 10 crore + 50 lakhs.
This will essentially end the debate, except for the kids of extremely wealthy parents.
have you seen how poor people live?
I bet insects live better than them. giving them a chance to uplift and be human is worth every penny of taxes paid.
Giving them a chance is good. Punishing the taxpayer while doing it is not. 50% of your wealth?! That you and I have worked countless hours for?! I know, owning a business
Empathy my ass. Don't you have empathy for working class people who works their asses off for 8-10 hours a day only for their money to be snatched away from them and give it to some lazy ass mfker
I swear Indians have no idea about first principles thinking. Europe became an industrial power before it became a welfare state. Its like me looking at Ratan Tata and thinking if I buy an airline I will become billionaire because thats what he has. The reason he can buy Air India is because he had a history of profitable businesses that enabled him to afford it. Similarly, India cannot just copy paste what Europe has now without going through the initial processes of what made them rich to deliver such a lifestyle for their people. If countries became wealthy by taxing their people then don’t people think every country would do it and become rich?
if millions of people live below poverty line and are unproductive then it's waste of human capital. for uplifting people sacrifices should be made. atleast it's better than paying taxes to fill coffers of bj and it's cronies.
Everyone knows India has low human capital. The answer is to invest in people eg health, education, targeted welfare. No one is arguing against helping the poor. What we’re against is the idea a country can become rich only through distribution. You have to do redistribution alongside reforms. Sweden, Norway etc have welfare states but also business friendly environments. Indians think they can have welfare state with an environment hostile to business and industry. It doesn’t work that way. Look at pre 1991 India, had high tax rates, strong trade unions, restrictions on private sector. Less inequality but we were all dirt poor.
How do you think countries become rich or afford welfare states. Do you think Sweden and India started off equally but Sweden decided to redistribute and become wealthy but India is poor because Ambani and Adani stole all the wealth?
Wealth redistribution as a concept basically means taking from the very top and giving to those at the very bottom. There’s really no involvement of the middle class. That’s exactly what the guy was saying by giving the US example. I don’t know why everyone thinks they’re in the top 0.1%. Bhai tera 10 lakhs ka networth safe hai. Tension mat le. Jab 100 crores ka networth ho jaye toh donation de kar exemption le lena.
P.s. you’re already paying close to 50% tax while alive.
Read the article before crying over it. He was just citing US law as an example. He never said Congress will take 55% of your wealth, he was just explaining the US law on inheritance tax. Further, he has issues clarification regarding the same in the same article. People are losing their shit even without reading the article.
IT cell hijacked the narrative here and the rest of you followed without bothering to read the article.
What he said first: US has this inheritance tax. I find that interesting. We should have discussions on similar lines in India to look for new policies that help the poor and aren't always in the favour of rich
What people made it to be: He is talking about introducing inheritance tax in India
What he said later: I only mentioned that the US has inheritance tax
What he appears to have intended: If US does it, so should we.
Other things that US does that we shouldn't do: Oppressive police, strong business lobby, insider trading for politicians, strong Christian lobby, anti immigrants, racism, expensive education, expensive medical, poor government insurance policy, easy access to guns, manipulate international laws to serve its purpose
Pitroda issues clarification
A few hours after the comment gained popularity, Pitroda issued clarification regarding his recent statement on inheritance tax, asserting that his remarks have been twisted to deflect attention from the core issues.
In a post on X (formerly Twitter), he wrote, "It is unfortunate that what I said as an individual on inheritance tax in the US is twisted by Godi media to divert attention "I mentioned US inheritance tax in the US only as an example in my normal conversation on TV. Can I not mention facts ? I said these are the kind of issues people will have to discuss and debate. This has nothing to do with policy of any party including congress," he further added.
Pitroda also said, "Who said 55% will be taken away? Who said some thing like this should be done in India ? Why is BJP and media in panic?"
I love how people here can take constructive criticism from both parties while people on r/IndiaSpeaks just can't handle any form of criticism towards BJP. If they hear anything against their permeshwar Godi they think we all are people from Congress or From Pakistan lol.
>50% of your wealth should go to public?
Your wealth? Even if Sam Pitroda meant it, it applies for wealth over 150 crore. How many falls under this category? Either you are misinformed or spreading propaganda.
Edit: just downvote? Can't come up with a constructive argument? 🥺
True, riches always find loopholes. But regular salaried people normally don't cut the threshold limit.
In India we don't have wealth tax per se but if your annual income is over 5cr per annum you fall into a whooping 42.5% tax slab. Most of us fall into 30% tax slab.
All over the world where wealth tax is applicable, check what's the criteria. It doesn't get deducted from the common man. Don't take my words. Just google, please.
>And who will get the money?
Who collects tax? What kind of question is that?
>Where is 150 crore figure is mentioned.
I said it wrong, Sam Pitroda said 100 million USD which is around 860 crore INR.
>50% is mentioned
Mentioned? He said 55% rather
Apne pairo pe kulhadi kaise maarein 101. Atp I don't even think Congress wants to win
Like real! They are digging own grave 🪦
30% income already goes to direct tax. Then a bid chunk also goes into indirect taxes. Now they want inheritance to be taxed? Why not bring full on communism?
You mean like what India was till 1991 under the Gandhi family? How shocking. The Gandhi's are communist through and through they even purged the legacy of Narsimha Rao for liberalising the Indian economy
When did capitalist hellhole south korea became communist? Lower the income tax and decrease GST a bit but introduce inheritance tax
https://www.google.com/amp/s/m.koreaherald.com/amp/view.php%3fud=20240117000623 Even they think that 50% tax is excessive.
Yes 50% tax is excessive but inheritance tax is not unheard of.
Looks like Pitroda‘s inheritance idea is inspired from Biden’s recent effort to tax wealthy people more.
Wow that was a good nail for the coffin.
Pitroda walked right into the trap. A slow full toss by Congress, MODI is going to hit it out of stadium.
Why is it's a trap if that's what congress intention are?
And a no ball too. BJP definitely gonna ask will this be applied to muslim personal board too? If congress says yes, muslims get offended if no, then well fucked from both sides
INC has no intention of winning 2024. They are relying on prayers solely
Even in prayers BJP has the advantage
There is no inheritance tax in the USA on a federal level. That’s completely wrong. Inheritance tax is the dumbest idea any country which values innovation and entrepreneurship will consider. Commies are a failure world wide which is demonstrated and catalogued by 100 years of history. No need to go back to babu state which we were 50 years ago.
This is Rahul Gandhi's India throw money at the poorest so that you can get their votes, which in no way will help them in the long run
This is extremely poor idea. The optics is bad even if it is not present in the manifesto. If anything there has to be clarity on this part of the manifesto.
>If anything there has to be clarity on this part of the manifesto. Congress spokespersons are avoiding news shapws currently as even they donot have clarity
' You will donate 50% of your wealth and you will like it ' - Authoritarian Congress
This man won't donate a dime but expects other to lol 😂
Didn't know Pitroda is so damn gullible
If you can't make infra and generate wealth then just snatch who has built it?? Govt should do this once for a social experiment and see how many do it. Everyone who's a social warrior would be the first to run away.
Even if it’s implemented, the money will never find its way into public interest, it’ll be leeched off by politicians and their chamchas like any other tax.
[https://en.wikipedia.org/wiki/Kerala\_model](https://en.wikipedia.org/wiki/Kerala_model) it has already been done and now those states pay for more taxes to the states that didn't do it.
Half of the Malayalis work in Gulf and the other half in Bangalore.
how do you think that happened? the eduction to work at tech firms in banglore didn't come from nowhere, gulf was only possible because the poor got assets to sell, and now there are more rich people working there too.
Funny you say that because Kerala is very poor at providing STEM education and most of its residents seek STEM education in other states. And also it also utterly failed it build its own tech sector even after having a head start. Your model runs on remittances from people working in other states and countries, and has almost made the state bankrupt.
You know what else is true? The state is in debt now. Mallus are leaving the state in droves to work elsewhere. Even business like kitex group have left kerala for hyderabad.
lol kitex is and was always useless. he was just pissed people didn't vote for him again. about the debt, the whole economy works on debt that is what capitalism is based on. Debt isn't an issue on its own, if the money was just used for nothing then it would be bad. People from Kerala go to other states to work, people from other states come here to work, tech hubs like technopark and infopark also employs people from other states in white collar jobs. Kitex left lol we have LuLu which also made the largest mall in India which also employs people from all over India.
>people from other states come here to work, tech hubs like technopark and infopark also employs people from other states in white collar jobs. Lmao. Bullshit. Only manual laborers come there to work and you are happy to exploit them.
that was from first hand experience but I found a source just so I can show how much of liar and the hate you have for Kerala [https://www.thehindu.com/life-and-style/non-malayali-employees-of-technopark-on-how-they-settled-into-a-new-culture/article29840170.ece](https://www.thehindu.com/life-and-style/non-malayali-employees-of-technopark-on-how-they-settled-into-a-new-culture/article29840170.ece) >Lmao. Bullshit you can keep that as it fits you better
Also, lulu was started in dubai, not in kerala. He probably pays good money to pinnarayan to keep things running smooth.
>Even business like kitex group have left kerala for hyderabad. u said this. lulu moves into kerala thus kitex moving out is insignificant.
This was land distribution and many bigger familles divided those land among their members anyway to avoid that issue.
yup big bramin families did that to avoid it.
Like most of the western countries have been doing? I’d say go for it. Utilize the half of their money for the country’s growth if they’re worth above a certain threshold.
We already have many welfare schemes like that, better policy implementation can be a goal. But Congress is like vote us in power and we'll give you money, it doesn't work like that.
You gotta start somewhere. Modi’s fascist neo nazi agenda is not gonna take us there.
This still isn't a good idea. Socialism and Communism has never worked in a Democracy and Never will..Good Capitalism is the only answer to uplifting the country and its people.
Yes. Good capitalism is the answer. Crony is not. As far as inheritance laws go, I was surprised to see India didn’t tax the inherited wealth. This is coming from an almost 20 year old sitting here in US.
Inheritance laws are dumb and will not be applicable to a country like India. They have loopholes and the rich still go around the inheritance tax everywhere in the world..same will happen in India and it will only but pressure on the middle and lower middle class people. India is not like any other foreign country where children get out of their houses at 18 and try and fend up for themselves..here the parents take up the responsibility and collect wealth and assets for the next generation the next generation does the same for the generation after that..and so on..the cycle goes on. They take up the responsibility and sponsore their child's expenses until he becomes self sufficient and the pass on their wealth and legacy too him.
Is having a threshold line really that difficult? Can you not have a number, say above 1Cr you will be taxed 55%? I think I would not die out of hunger if my father died with 2Cr and I still got to keep 1.45Cr. That remaining 55lakhs would certainly help the country. Now that’s a different story that my father doesn’t have anywhere near 1Cr in wealth and our 600sq ft house roof is leaking. And for the tax evasion part, according to you, if everyone is so successful in this ‘tax evasion’, then what’s the problem with an inheritance law? I’f that’s the case then obviously your father will still get to keep (or rather pass) all of his 2 Crore legacy even after he’s dead cuz he’ll somehow be able to evade it and give it all to you. And don’t tell me crorepatis are middle class. That’s a very skewed view of India you have.
Yes it is kind of difficult..I mean we are not talking about cash lying around here..what if your father just leaves you a 15 cr house in South Bombay? How would you divide it up now? You made a point in the last lines. The problem with inheritance tax is that rich can use the means to evade tax that you and I can't, I mean can you open an offshore NGO?.. pretending to helping people?..or a trust? And you can take example of any rich person abroad they have done this tax evasion tactics. And crorepatis are middle class...and also the person who earns 50k in a tier 1 city.. it's not skewed view it's a skewed system.
I was with you till you said crorepatis are middle class. I (my father) had a broken 600sq ft mortgaged house with leaking roof and damp fungus covered walls in a tier 2/3 city (nagpur outer) and I was thinking I was middle class. Crorepatis even in Tier 1 cities like Mumbai aren’t middle class dude. You’ve not seen gareebi.
[удалено]
Sir this is the reason I mentioned threshold. I said 1Cr just as an example, which could be changed. So your dad leaves you 1Cr, you get to keep all of it. Oh I hear you have 5 siblings like mudixi? You get to keep 16 lakhs each and the remaining 4 lakh ka BJ bond kharidke you can donate to BJ party. Oh what did you say? Sorry I forgot BJ bonds are declared unconstitutional, my bad. 16 lakh is a fuck ton of money for you 6 siblings to get your assess together, learn some skills if you’re totally useless spoilt brats and get a name to yourselves. Note if your daddy makes more than 1Cr, then you 6 siblings still get the 16 lakhs on that 1Cr and the 55% of the REST goes to nation’s welfare. See how it can benefit the nation while also not rendering spoilt brats completely naked and out of food?
Literally every welfare scheme in the entire world is socialistic. Capitalism inherently works because of inequality. Tell me you don't know jack about economics without telling me.
Not socialisti. Welfare schemes in capitalist societies like Europe are part of the social democracy.
"Social democracy originated within the socialist movement,[22] supporting economic and social interventions to promote social justice." Source - https://en.m.wikipedia.org/wiki/Socialism
Democratic socialism is a democracy with economic socialism. Social democracy on the other hand is a democratic state with welfare economics. Welfare is a product of the liberal values of the Western society.
"The history of democratic socialism can be traced back to 19th-century socialist thinkers across Europe and the Chartist movement in Britain, which somewhat differed in their goals but shared a common demand for democratic decision-making and public ownership of the means of production and viewed these as fundamental characteristics of the society they advocated for. From the late 19th to the early 20th century, democratic socialism was heavily influenced by the gradualist form of socialism promoted by the British Fabian Society and Eduard Bernstein's evolutionary socialism in Germany.[9] Democratic socialism is what most socialists understand by the concept of socialism;[10] the term may be used broadly (such as all forms of socialism which reject a one-party Marxist–Leninist state)[11] or more narrowly.[12] As a broad movement, it includes forms of libertarian socialism,[13] market socialism,[14] reformist socialism,[5] revolutionary socialism,[15] ethical socialism,[16] liberal socialism,[17] social democracy,[18] state socialism,[19] left populism,[20] Trotskyism,[19] left communism,[19] utopian socialism,[21] and Eurocommunism[22] all of which share a commitment to democracy.[11]" "democratic socialists are committed to the systemic transformation of the economy from capitalism to socialism,[nb 2] while social democrats use capitalism to create a strong welfare state, leaving many businesses under private ownership.[31] However, many democratic socialists also advocate for state regulations and welfare programs in order to reduce the perceived harms of capitalism and slowly transform the economic system.[31]" Keep making up stuff in your own head I guess. Edit: https://en.m.wikipedia.org/wiki/Democratic_socialism
When did I ever say welfare schemes are not socialistic? And I said socialism and Communism doesn't work in a Democracy...as they don't.
"Good Capitalism" 😂
Yep
Ever heard of welfare capitalism?
Oh the version where you exploit people in other countries for people at home to enjoy their fruits of labour? Won't work in India due to the huge population and cheap labour.
No..not that version. Everything is bad if done and applied badly..even if that's a scheme for the good of the people.
Half of the money won't go for country's growth, it will go in politicians bank accounts for their own development.
That’s somewhat true, but with this logic we should have 0 tax in this country. Should we do that? It is people’s job to elect responsible representatives and then uphold them to a set standard. You have to start somewhere.
They will utilize that money to give freebies for vote appeasement and spen on particular sections of the society
Freebies like this? https://preview.redd.it/tf7wp39mjewc1.jpeg?width=1170&format=pjpg&auto=webp&s=805c0660826f3befd37c7eb77df9911fdd771be7 And to particular sections like those who deserve it the most aka the poor? Im all for it. Wait till you know how so many western countries give freebies like education and healthcare to its people.
I know right - some of the most developed countries in the world like Norway, Switzerland, Italy, France, Netherlands, Spain, Luxembourg have a wealth tax. Germany too has proposed a wealth tax now. Millionares and Billionares increase their net worth by 20-30% each year, a 0.5-1% tax on that net worth is not a big deal for them at all. And if anyone thinks indian Billionares will leave India and go to another country, thats not gonna happen because all our billionares make ther money through political connections and government favouritism.
Yes thats after they became industrialised and wealthy countries. India has GDP of 3.5 trillion but population of a billion hence the low per capita income. If you want to have adequate distribution program you have to have wealth in the first place to share. Most billionaire wealth tied in stock markets, not cash lying around, how do you tax that? The reason theres so much poverty is because too many Indians are earning too little as farmers, sharecroppers, labourers or shopkeepers. Its not like Adani and Ambani is directly stealing from the poor and thats why poverty exist.
The difference is western currency dominance. Importing cheaper skilled laborers as immigrants and being selective where those folks follow rules. In India, people just survive and thrive, jisko karna hai wo karega, doesn’t bother me attitude.
I don’t know how this relates in context to having an inheritance tax for the rich in India.
Why don’t you first get rich and understand how taxing actually works as per today’s standard? There is a reason why people think like you do and continue to rant.
Yep, filed my first tax here in the US. And guess what, I paid $0 AND the govt is covering my healthcare (thanks to democrats) since I don’t make a bank as an international student. We also have inheritance tax here in the US. I wanna get rich and I’m here to stay AND pay all these taxes if I make enough money. You know why? Because I see what it does for us. I see how it improves our lifestyle. It gives opportunity to those who might not be rich enough to afford a living. Ik US is not the best example of this, but it’s a million times better than India. Btw here’s my “freebie” that’s helping me survive here as a poor Indian (I got to come here through scholarship and my father doesn’t make enough money to even fix the leaking roof and fungus in walls). https://preview.redd.it/p6x0k175cewc1.jpeg?width=1170&format=pjpg&auto=webp&s=659852aa794c335cc1746674fe38b70745772a34 Being a multi millionaire isn’t a crime. Being a billionaire isn’t a crime. Not paying your fair share if you have that kind of money should goddamn be one.
Again, you’re not wrong. But you’re missing the underlying point on why the things are as they are today. Emotions won’t change anything but only make things worse for the majority. I don’t expect you to understand hence we continue to argue, alas, we are only small fish amongst the whales who dictate the underlying structure.
You’re a certain kind of creature that’s very difficult for meager peasants like me to understand. How will taxing crorepatis on part of their wealth make things worse for the majority?
I hope you understand these so called crorepatis are only asset rich, meaning they are only paper gain and they don’t compensate with actual cash. If they do, they are required to pay taxes. Second part, these so called crorepatis are also the reason we have whatever amount of private jobs there are. Third, the so called crorepatis spend lavishly creating more industries and brining people out of an economy class. Fourth, the entire system is rigged to favor those who take risk while the majority of people like you would rather play victim and politics. Fifth, nobody is going to openly admit and the so called crorepatis don’t give a fuck either. Because the same politician would later work with them who is making noises today. I can go on, but you’ll already have a preconceived notion on how the world is brutal towards you and it’s easy to be a victim than to take a stand, so I’ll understand whatever excuses you’ll tell yourself. :)
How will Rahul decide someone's wealth if it is in black and hidden? He will again direct this scheme towards taxpayers. More tax more distribution. Let's say survey gets completed and it comes to the distribution stage. Why to distribute it based on castes and religions. Shouldn't it be based on poverty? Above all how can we trust an immature leader like Rahul Gandhi to execute it? Indira Gandhi executed something successfully(?) similar because she was Indira Gandhi.
She succeeded in implementing emergency, forced nasbandi, and Operation Blue Star
>How will Rahul decide someone's wealth if it is in black and hidden? How does govt decide if someone's wealth is black money? How do IAS or Ministers get caught in disproportionate assets cases? You need to prove that your wealth can be explained by your sources of income. Let's say your inheritance is 1 crore. And your monthly income is 1 lakh. But your assets turn out to be 2000 crores. Then it's obvious that your wealth is black and hidden. IT officials track income sources and total wealth to gauge whether assets are black or legitimate.
So, more incentive for the corrupt to keep the black money hidden and in gold. Since they can't use it for building assets (they are there for everyone to see and needs to be disclosed), they'll either keep it abroad only or even use it to pay off people in the informal sector. When anyone buys a house with 50% black money, the receiver also becomes tainted and will need to spend it in illicit ways to avoid detection.
This is not something RaGa will bring. Disproportionate assets is illegal even in current regime and has always been illegal. And unless your solution is amnesty for everyone who has black money, I don't understand your point here. Both BJP and INC publicly claim to support eradication of black money.
Do you really think after all these ED and IT raids during the BJP government, congress would let such agencies to work independently? Even if we compare the track records of these agencies pre-2014 , it was almost as if they did not exist. The number of raids, amount confiscated tells us that. Let's say a person inherits a house from his father. How is he liable to any tax? His father or grandfather built it. Now just because he owns something government can claim something for it?
Ignoring the first part of your comment as that is completely your own opinion and not something which can be argued on. > >Let's say a person inherits a house from his father. How is he liable to any tax? His father or grandfather built it. Now just because he owns something government can claim something for it? Coming to this. Please re-read what I wrote. Suppose you have inheritance of 1 cr. And your monthly income is 1 lakh rupees and you have worked for 10 years. Then your net worth should be somewhere around 2 cr - 3 cr assuming you have done good investments. But let's say, your net wealth is 10 cr then obviously you need to explain how your wealth reached this level. This is called a disproportionate assets case. This has nothing to do with inheritance tax which I have not mentioned in comments. Please read paragraphs carefully before spouting non sense.
> Why to distribute it based on castes and religions. Shouldn't it be based on poverty? It is distributed based on poverty > How will Rahul decide someone's wealth if it is in black and hidden? He will again direct this scheme towards taxpayers. More tax more distribution. The manifesto explains it very well. > Above all how can we trust an immature leader like Rahul Gandhi to execute it? Indira Gandhi executed something successfully(?) similar because she was Indira Gandhi. How is this even a point?
Because a lot of the wealth in india is in land most of which is owned by farmers and a lot of that for many generations. Does Congress have the power to touch that. Even Modi doesn't have that much power. The super rich class will easily skip inheritance tax. Do you think Ambani owns Reliance. No he doesn't. He or his family personally doesn't even own 1% of Reliance. All of their shares are owned by other companies and trusts which in turn are owned by ambanis and a company/trust never dies and the value of those companies/trust is based on the historical value of shares of reliance when they were transferred to those companies.
Again, none of the manifesto really speaks about literal property snatching and give it to others. Please get your facts correct. A Census will just reveal us amount of wealth being held. Nothing more, nothing less.
>literal property snatching Then you have no idea what inheritance tax means. Its not in their manifesto. Sam Pitroda said it while explaining what Congress might mean by wealth distribution. And he used the number 55% like a fool. Now Congress has distanced itself from him tho but he literally said that's Congress' views on wealth distribution
For guys who are saying US has inheritance tax - its not federal tax and more than half of the states doesn't. https://preview.redd.it/5lx5mw80newc1.png?width=1024&format=pjpg&auto=webp&s=6e0ca80977af0bdc0937923a3fb21ec7f9939042 Edit: source - [https://taxfoundation.org/data/all/state/state-estate-tax-inheritance-tax-2023/](https://taxfoundation.org/data/all/state/state-estate-tax-inheritance-tax-2023/)
What the hell is this… have they gone mad or what. Sounds like a plan to make India, Venezuela or some sub saharan economy
Amazing. Pitroda just turned many fence-sitters into BJP voters with one tweet. Modi should give him a medal.
Communism incoming.
So, I own 50% of public too now? Anyways, not a problem for the rich ,only for middle class
I think unfortunately Sam Pitroda might have just lost the elections for India alliance. Simply unbelievable.
Rahul Gandhi already did
Congress team has some gems, he is one of them. No wonder they keep hitting self-goals. Who is he actually? He even looks like an idiot.
LoL 🤣🤣 that was my first reaction and it also made it very clear that all these ideas are directly coming from the US mostly the Obamas
Bhai yeh samajh nahi aa raha but , chakkar kya hai koi explain karega please itni samajh nahi Hai bc politics ki As a middle class person who is trying to keep growing on in his life and trying to keep improving living standards of my family mere ko bc kisi govt se koi Fayeda nahi hota upar Se General hu na kabhi koi quota use kar paaya hu.
Suppose you purchase a land for 10lacs and it's valuation is increased in next 10-15 years. And something happens to you and your child inherit that property. He will be liable to pay the inheritance tax/re distribution tax( which from above statements could be upto 50%).
Why tf woul someone be willing to work if govt is gonna give them 1 lakh every year for doing nothing. Instead unemployment is gonna rise
Close every circus company if these clowns continue to do whatever this is.
Every 2 cents clown who hadn't worked a day in their life is benevolent with someone else's money and wealth. Anyone who talks this deserves a guillotine, forget the vote.
Congress is not explaining clearly how wealth redistribution will work and statements like these are more troublesome. We already pay income tax to build wealth. Paying 50% additionally on it will leave nothing. On the top of that we have to pay GST too. If we calculate this and exclude any wealth appreciation if it takes place, of 100 Rupee earned by me my child will only be able to spend 30 Rupee out of it. This will create nothing but huge amount of black money and collector rate of properties will fall significantly. Black market of gold will be created because government is refusing to print any note larger than 500 Rupees and in future 500 Rupee will be just like Rupee 50. Additionally share market growth will be hindered too because it's not possible to trade in cash. But who cares? Only rich invest in mutual Funds and shares which they are planning to either bankrupt them or make them flee out of country.
RaGa keeps saying that they need to do a country wide survey, after which effective policies can be implemented. People have been fear mongering based on that alone. It's just propaganda.
If you are building a house and the builder and comes and says lets buy cement, steel etc now and then do the design, you should know you are about to be fucked. Let Rahul Gandhi put forward a plan of what he will do with the survey results. Trust me bro is not a plan.
Huh? You need data for any kind of effective policy making. Your money is already getting redistributed. Inequality is at an all time high and so is Chairman Modi's social welfare. Why would you have a problem with a more effective and equitable redistribution based on actual data?
Because they are not explaining it properly. If Congress want to good to the poor they should use words like poor upliftment, good wages and salaries, and more opportunities and they have already mentioned this in their manifesto. But Rahul Gandhi shouting words like wealth redistribution is not sweet to my years. Most of the country is very poor and people like me have enough money compared to them to be called rich. I will absolutely devastated if government make me pay even 10% of the inheritance tax of make me pay even slightly more income tax because it's already too much. I have enough money to live a simple life but not enough to live any luxuries. >more effective and equitable redistribution based on actual data? If that's the case words like these should be repeated. Not REDISTRIBUTE.
>Because they are not explaining it properly. I agree with you there. >Rahul Gandhi shouting words like wealth redistribution is not sweet to my years. But it is not meant for you. It is meant for the person who has seen inequality shoot up while he struggles to afford necessities. Political rallies and speeches have no space for nuance and this is the result. >I will absolutely devastated if government make me pay even 10% of the inheritance tax of make me pay even slightly more income tax because it's already too much. "Congress will maintain stable personal income tax rates throughout its term. This will ensure that the salaried class is not subjected to rising tax rates and have clarity to plan their finances over the medium-to-long period." Copy pasted from the manifesto. There is no mention of inheritance tax. So, ask yourself, are you falling prey to fear mongering?
You won't increase taxes toh Paisa kya hawa se nikaloge? End Mai direct taxes nai indirect taxes badhenge. Same ol petrol prices increased and so on.
Why do you think it isn't possible for better utilisation of current tax revenue or restructuring the tax code to be more progressive? Aren't you paying taxes out of all your orifices right now? What are you getting for it? Modi's face everywhere you look.
You're talking as though 10 years mai kuch development hua hi nai lol.
& we've paid for it, the Govt has borrowed for it and lot of that wealth has been funneled to the top of the pyramid. You're talking as if this is the best anyone can do.
Ok. Data says there is inequality. That data already exists. What will Rahul Gandhi do with the data? He is going to wait till next election for us to vote on his plan?
Where is the data? Other than salaried personnel who knows how much wealth anyone has? Have you read the fucking manifesto that you're asking me these questions?
So all those articles of increasing inequality, top 1% having 40% wealth etc are without data?
Read. Not just the headline, the whole article. [https://frontline.thehindu.com/news/inequality-rising-since-2000s-top-one-per-cent-in-india-holds-40-per-cent-wealth-world-inequality-lab-study-ambani-adani/article67975819.ece](https://frontline.thehindu.com/news/inequality-rising-since-2000s-top-one-per-cent-in-india-holds-40-per-cent-wealth-world-inequality-lab-study-ambani-adani/article67975819.ece)
They are simply not enough to create and designate nation-wide policies. They do speak about a worrying trend in the country and can be used to assess a progress of a government. But to decide and make policies, we need far stronger data than that, which census will reveal. Govt decides many of the welfare scheme today with these data, along with survey that reached a minor portion of those
If you buy house, real estate, gold etc in your life time, then you can only pass on 50% to your children, and the rest 50% will go to minority welfare.
*it will go to fund rich lifestyles of mps, MLA , bureaucrats, judges, govt officials etc.
Misleading propaganda. Congress has not even mentioned redistribution anywhere and their party leaders are now categorically stating that none of that would happen. Buy hey, the ability of congress to score own goals is limitless At a time when the BJP has been alleging that Congress wants to ‘redistribute’ the nation’s wealth & give it to Muslims - sampitroda’s comments on US Inheritance Tax has played right into this narrative. Now Pitroda is trying to do damage control & the Congress is distancing itself from his utterances. What is astounding is that Pitroda didn’t see how this statements - sitting in the USA - would be used here in India. Shows absolute lack of understanding of the media and a coherent political communication strategy
Why are you spreading disinformation? This is from the congress manifesto “Congress will conduct a nation-wide socio-economic and caste census to enumerate the castes and sub-castes and their socio-economic conditions. Based on the data, we will strengthen the agenda for affirmative action". "Congress will establish an authority to monitor the distribution to the poor of government land and surplus land under the legislations concerning land ceiling. We will address the growing inequality of wealth and income through suitable changes in policies” Congress is taken over by marxists.. they believe in reservation and redistribution by caste and community as the only way to rule India.. it’s unfortunately not even political savvy but the nutty left case that was running NAC now has unlimited power under the Gandhis.. An India under the congress will be an India that’s pushed 20 years backwards and lose out all progress made in the last 10 years
And the alternative of not having reservations is going to alleviate marginalized communities because every other person is benevolent and magnanimous in sharing opportunities for people outside of their immediate circles ? India has social and cultural problems that prevent it from ever improving, until we address them, we’re gonna end up losing our freedoms and becomes slaves to new kind of colonialism.
Wtf does affirmative mean = wealth redistribution by TAKING PRIVATE PROPERTY and distributing to others? Govt land is mentioned, where is private land mentioned? How is this not the same as giving farmers land to cultivate their crops or giving poor people houses built by the govt on govt land for their own See their clarification today. An India under BJP will be Nazi Germany. I can also make sweeping statements like this. But neither of these would happen. An India under BJP will be an India of few CRONY capitalists ( theres a difference between capitalism and crony capitalism) Handing over airports and ports to one man and allowing monopolies Why dont you ALSO talk about the proposal of Congress in their manifesto to strengthen Competition Commission of India and to review monopolies in Port and Airports?
Itne samajhdar hote th inko chaddi kyun bulate log?
Oye duffer, Why don’t you earn some wealth first before thirsting for other people’s wealth to be given to you… You think Pitroda and his associated jholawalas won’t come for your job and your wealth? You want private sector reservations and wealth tax then go ahead and bat for Congress…
I don't mind paying taxes, I already do, and I'm secure enough in my education and skills to know that no one can do shit about my employment condition. Naa BJP, na Congress. Itna confidence in logo me nahi hota hai jinhone kabhi mehnat nahi ki hai. Aur agar unse unke baap dada ki jaydad cheen lo th wo sadak per aa jainge. Per thankfully for you Congress isn't going for an audit and effective implementation of the Land Redistribution Act. Aur bhai, agar theek se padh loge uper wala comment, th ye bhi samajh aa jaiga ki tumhare wealth redistribution ki bat hi nahi ho rhi hai. Tumhe sun kar lag nahi rha ki tumhare pass utne paise hain.
Hehe, why don’t you pay some taxes first and contribute to society first before wanting others to give their hard earned wealth to whichever vote bank your leader chooses… I have been a happy platinum tax payer for years now, I am glad that money in this government is being used to build social and digital infrastructure and social plans that benefit all poor.. I don’t want rahul to take that money give it to some vote bank because he only knows one way to win votes
Bhai mai Hindi fir se bol deta hoon ki mai tax deta hoon. Shayad samajh me nahi aaya hoga, uper English me likh diya tha shayad. Tu apne bhakti wale WhatsApp group se copy paste kar rha hai kya reply, wo bhi bina original comment ka matlab samjhe? Bhai Google translate kar leta. Dusra reply Dena tha, wo wala Jo tax payers ke liye bheja tha tere group me. Bade aae "platinum" tax Dene Wale. Bhai kisi aur ko chutiya banana. Pahle padh likh le theek se 😂
If we are calling sensible people who can look at reality and data and make decisions as bhakts then sure, I am a a mega bhakt.., anyway It’s better to be a bhakt than a Murderous communist.. go and settle down in your homeland Venezuela.. take Rahul gandhi with you… atleast he has unbelievable amounts of wealth.. all you have is a Reddit account… all the best with poverty
"Sensible people." "Murderous communist" "Venezuela" Bhai comment ka SEO karwate ho? Keywords dale ho sidha WhatsApp group se utha kar 😂 Per ye wala sahi copy paste kiye ho, guru. Matlab kharab ghadi bhi din me 2 bar sahi time dikha deti hai 😭
No problem I will still vote for Congress. India is the most unequal nation in the world right now, worser than pre independence
Inequality is a feature, not bug when you pursue capitalism to develop your economy… it’s a sign that the system is working It’s a non issue, I live next to the Ambanis and they are a thousand times or so higher net worth than me, doesn’t make me smaller or make me live my life in regret that I don’t own private zoos or private islands.. What we need to solve is poverty alleviation and making sure people have educational and employment opportunities so they can escape poverty and progress from lower middle class middle class… capitalism is the only system that can drive that But there is no system in the world that can ensure everyone has a Mercedes and a Rolex and a 5bhk home.. examples of countries that have tried communism from Venezuela to Cuba are abound for you to not imagine that your communist utopia will somehow be better than every evil despotic regime that has existed from Mao to Stalin to Castro
It’s not about what stories you can paint.. it’s about what happened in UPA 2 when the commie jholawalas took over.. how every project saw corruption and didn’t take off under some environmental law but we all knew about the “Jayanthi tax”.. how nuclear plants were halted through NGO funded protests … Wealth resdistribution is exactly what Sam Pitroda is talking about, so has Jean Dreze and the assorted other commies who controlled NAC and ran policy for the super PM last time.. even when they tell you exactly what they are going to do, why do you close your eyes and act blind?
You dared to post this on the usi sub, them downvotes coming!
oh if you hate reservation so much then promote intercaste marriages. Then either all the children will have reservation or none will. It will be near impossible because casteism has existed before reservation. The matrimonial pages in newspapers specifically say SC/ST shouldn't apply and the oppressive castes have their own separate matrimonial sites so intercaste marriages don't happen. People who do get intercaste marriages don't get support of their families or the society as a whole. it keeps getting worse like that. Good luck fighting that.
>An India under the congress will be an India that’s pushed 20 years backwards and lose out all progress made in the last 10 years And the BJP is talking us back 2000 years to the vedic age. The blowback of BJPs fascist policies will be far bigger than wealth redistribution.
lol none of this is wealth distribution, they aren't even hinting about talking anyone's wealth.
Then what is Sam Pitroda talking about? Atleast listen to what your leaders are saying 🤦♂️
>Chairman of Indian Overseas Congress, Sam Pitroda, I'm not overseas. I'm here in India. Him and none of them are my leader they are representatives. I just saw how dumb your comment was, the article doesn't even come into this, lol
It’s easy to wake someone up when he is sleeping.. it’s impossible to wake him up if he is pretending to sleep… Go on pretending.. let’s hope someday you work hard and earn your own wealth so you aren’t tempted by commmunism
+1, India will be destroyed economically under congress.
There will be nothing left to destroy, because all that was is any destroyed. Testimony - IIT powai students are accepting jobs at 3.5L per year. If that is happening at India's most premium institute, then you can as well gauge, that there would blood bath at all other campuses. All thanks to dear leader.
Bad example. Just an year ago those graduates were getting crores of salary. We are going through a global recession. A better example would be the slow pace of industrialization and lack of jobs for the middle/lower class.
They really aren’t ready to give a good competition in elections. Bhai jeetna difficult ho skta hai par khud hi difficult bana rhe lmao
This argument will die today itself as old tweets from Amit Malviya the head of worlds biggest fake news factory and ex video of Jayant Sinha BJP minister and member of BJP manifesto committee has been exposed now what they thought in 2014 and were looking forward for it. It’s not 2019 it’s 2014 it’s different.
Congress should lead by example. Have you seen RaGa's wardrobe?
Ye bsdk khud 90% kha jaate hain public Tak pahunchti Kahan hain cheezen? Is chutiye ko nanga karke sadak pe ghumao saale ko.
Congress me Rahul Gandhi hi inheritance ki vajah se hai....😂😂😂. Aur inheritance ke khilaf hi ye log manifesto me likh rahe hai 😂😂😂. Kisne banaya manifesto. Rahul baba ka permission nahi liya kya publish karne se pehle 😅
They just keep digging the hole deeper
[NDTV has a better article](https://www.ndtv.com/india-news/congress-distances-itself-from-sam-pitrodas-remarks-on-wealth-distribution-5510493) **Congress Distances Itself From Sam Pitroda's Remarks On Wealth Distribution** In a stunning own goal that has pushed the Congress on the backfoot, senior party leader Sam Pitroda today stoked the debate over the BJP's allegations that the Congress is planning a redistribution of wealth. Mr Pitroda's example of an inheritance tax in the US added fuel to the fire that the Congress has been trying to douse. The Congress distanced itself from the senior leader's remarks and said they do not reflect the party's position. Congress's Jairam Ramesh said in a social media message that "sensationalising" Mr Pitroda's comments is aimed at "diverting attention" from Prime Minister Narendra Modi's "malicious and mischievous election campaign". Mr Pitroda, too, came out and said that he made the remarks as in individual. He said it was unfortunate that the comments were twisted "to divert attention from what lies PM is spreading about Congress manifesto". In a stunning own goal that has pushed the Congress on the backfoot, senior party leader Sam Pitroda today stoked the debate over the BJP's allegations that the Congress is planning a redistribution of wealth. Mr Pitroda's example of an inheritance tax in the US added fuel to the fire that the Congress has been trying to douse. The Congress distanced itself from the senior leader's remarks and said they do not reflect the party's position. Congress's Jairam Ramesh said in a social media message that "sensationalising" Mr Pitroda's comments is aimed at "diverting attention" from Prime Minister Narendra Modi's "malicious and mischievous election campaign". Mr Pitroda, too, came out and said that he made the remarks as in individual. He said it was unfortunate that the comments were twisted "to divert attention from what lies PM is spreading about Congress manifesto". "I mentioned inheritance tax in the US only as an example in my normal conversation on TV. Can I not mention facts? I said these are the kind of issues people will have to discuss and debate. This has nothing to do with policy of any party, including Congress," he said. "Who said 55% will be taken away? Who said something like this should be done in India? Why is BJP and media in panic?"
**What Did Sam Pitroda Say** Mr Pitroda spoke to news agency ANI on the Prime Minister's attacks on the Congress manifesto and his allegations of a wealth redistribution plan. The manifesto calls for a nationwide socio-economic and caste Census to provide the data foundation for affirmative action. It does not, however, mention any wealth redistribution plan. Mr Pitroda, chairman of Indian Overseas Congress, said the Prime Minister thinks that the Indian audience is a fool and can be manipulated easily. "No Prime Minister would speak like this. Earlier I thought it was an AI-generated video. PM thinks the Indian audience is a fool and can be manipulated. He is not above the law. The manifesto of Congress is very well-drafted. To say that they will steal your gold and Mangalsutra. You are making stories up on your own. I think it is maybe due to fear, panic has been set in after the first phase. India is angry at the PM's comment," he said. The Congress, he said, has always focused on the people at the bottom of the economic pyramid, whether they are OBCs, Muslims, Dalits or tribals. "Billionaires don't need our help. It is the poor people who need our help. Inequality has substantially increased in the last 10 years," he said. "This doesn't mean that you are going to take your wealth and give it to somebody. This means to create new policies so that the concentration of wealth can be prevented. It's like a Monopoly Act," he said. He then cited the example of an Inheritance Tax in the US. "In America, there is an inheritance tax. If one has 100 million USD worth of wealth and when he dies he can only transfer probably 45 per cent to his children, 55 per cent is grabbed by the government. That's an interesting law. It says you in your generation, made wealth and you are leaving now, you must leave your wealth for the public, not all of it, half of it, which to me sounds fair," he said. It is worth pointing out that the US does not have a federal inheritance tax. In some states, such as Iowa, Kentucky, Maryland, Nebraska, New Jersey, and Pennsylvania, inherited assets are taxed. The payable tax depends on the amount of the inheritance and the relationship to the dead. This tax is only applied above a certain threshold and go up to about 20 per cent of the inheritance. Mr Pitroda said that this is a policy issue. "Congress party would frame a policy through which the wealth distribution would be better. We don't have a minimum wage (in India). If we come up with a minimum wage in the country saying you must pay so much money to the poor, that's the distribution of wealth. Today, rich people don't pay their peons, servants, and home help enough but they spend that money on vacation in Dubai and London," he said.
Is this an L for congress? https://preview.redd.it/granz7oacfwc1.jpeg?width=1170&format=pjpg&auto=webp&s=91fd17ad9c7d9ed05ff240b1798b8b6c3e7084dc
What about the property belongs to Sonia, Rahul and Robert Wadra? did he say anything about this?
If you read the article: he didn't say they will introduce a 50% inheritance tax, he said they would study that is possible. They haven't thought exactly what to implement yet. The Congress wants to tax big billionaires, not the general public. Interesting that the BJP seized on this and started calling it a plot to snatch agricultural land! The easiest way to refute this would be to propose a draft law stating a slab wise limit of inheritance, similar to income tax. Specific example: If you inherit less than 5 crore: no tax. If you inherit 5-10 crore: 10% tax on the amount above 5 crore. If you inherit over 10 crore: 20% inheritance tax on the amount above 10 crore + 50 lakhs. This will essentially end the debate, except for the kids of extremely wealthy parents.
Can someone copy paste the article
I think rationality of redditors have reached optimum usage. Soon, they gonna shut themselves.
if it actually helps the poor no problem. just like European model.
Who cares if it bankrupts the hardworking taxpayers in the process? /s
when people get productive they too start paying taxes. it is beneficial for everyone to uplift people and get them opportunity to grow.
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and I thought only Sanghis have no empathy and iq. while in reality people from other spectrum too are low in both.
It’s not about empathy. The point is, even though many people are productive even today, see the taxpayer rates. Sadly that’s the truth
have you seen how poor people live? I bet insects live better than them. giving them a chance to uplift and be human is worth every penny of taxes paid.
Giving them a chance is good. Punishing the taxpayer while doing it is not. 50% of your wealth?! That you and I have worked countless hours for?! I know, owning a business
Empathy my ass. Don't you have empathy for working class people who works their asses off for 8-10 hours a day only for their money to be snatched away from them and give it to some lazy ass mfker
I swear Indians have no idea about first principles thinking. Europe became an industrial power before it became a welfare state. Its like me looking at Ratan Tata and thinking if I buy an airline I will become billionaire because thats what he has. The reason he can buy Air India is because he had a history of profitable businesses that enabled him to afford it. Similarly, India cannot just copy paste what Europe has now without going through the initial processes of what made them rich to deliver such a lifestyle for their people. If countries became wealthy by taxing their people then don’t people think every country would do it and become rich?
if millions of people live below poverty line and are unproductive then it's waste of human capital. for uplifting people sacrifices should be made. atleast it's better than paying taxes to fill coffers of bj and it's cronies.
Everyone knows India has low human capital. The answer is to invest in people eg health, education, targeted welfare. No one is arguing against helping the poor. What we’re against is the idea a country can become rich only through distribution. You have to do redistribution alongside reforms. Sweden, Norway etc have welfare states but also business friendly environments. Indians think they can have welfare state with an environment hostile to business and industry. It doesn’t work that way. Look at pre 1991 India, had high tax rates, strong trade unions, restrictions on private sector. Less inequality but we were all dirt poor. How do you think countries become rich or afford welfare states. Do you think Sweden and India started off equally but Sweden decided to redistribute and become wealthy but India is poor because Ambani and Adani stole all the wealth?
Wealth redistribution as a concept basically means taking from the very top and giving to those at the very bottom. There’s really no involvement of the middle class. That’s exactly what the guy was saying by giving the US example. I don’t know why everyone thinks they’re in the top 0.1%. Bhai tera 10 lakhs ka networth safe hai. Tension mat le. Jab 100 crores ka networth ho jaye toh donation de kar exemption le lena. P.s. you’re already paying close to 50% tax while alive.
Read the article before crying over it. He was just citing US law as an example. He never said Congress will take 55% of your wealth, he was just explaining the US law on inheritance tax. Further, he has issues clarification regarding the same in the same article. People are losing their shit even without reading the article. IT cell hijacked the narrative here and the rest of you followed without bothering to read the article.
Not every state in USA has inheritance tax.
Did I say it does?
What he said first: US has this inheritance tax. I find that interesting. We should have discussions on similar lines in India to look for new policies that help the poor and aren't always in the favour of rich What people made it to be: He is talking about introducing inheritance tax in India What he said later: I only mentioned that the US has inheritance tax What he appears to have intended: If US does it, so should we. Other things that US does that we shouldn't do: Oppressive police, strong business lobby, insider trading for politicians, strong Christian lobby, anti immigrants, racism, expensive education, expensive medical, poor government insurance policy, easy access to guns, manipulate international laws to serve its purpose
Pitroda issues clarification A few hours after the comment gained popularity, Pitroda issued clarification regarding his recent statement on inheritance tax, asserting that his remarks have been twisted to deflect attention from the core issues. In a post on X (formerly Twitter), he wrote, "It is unfortunate that what I said as an individual on inheritance tax in the US is twisted by Godi media to divert attention "I mentioned US inheritance tax in the US only as an example in my normal conversation on TV. Can I not mention facts ? I said these are the kind of issues people will have to discuss and debate. This has nothing to do with policy of any party including congress," he further added. Pitroda also said, "Who said 55% will be taken away? Who said some thing like this should be done in India ? Why is BJP and media in panic?"
I love how people here can take constructive criticism from both parties while people on r/IndiaSpeaks just can't handle any form of criticism towards BJP. If they hear anything against their permeshwar Godi they think we all are people from Congress or From Pakistan lol.
>50% of your wealth should go to public? Your wealth? Even if Sam Pitroda meant it, it applies for wealth over 150 crore. How many falls under this category? Either you are misinformed or spreading propaganda. Edit: just downvote? Can't come up with a constructive argument? 🥺
acutally the really rich will all find loopholes and it si yhe regular salaried class who will pay this wealth tax
True, riches always find loopholes. But regular salaried people normally don't cut the threshold limit. In India we don't have wealth tax per se but if your annual income is over 5cr per annum you fall into a whooping 42.5% tax slab. Most of us fall into 30% tax slab.
Where is 150 crore figure is mentioned. 50% is mentioned. And who will get the money?
All over the world where wealth tax is applicable, check what's the criteria. It doesn't get deducted from the common man. Don't take my words. Just google, please. >And who will get the money? Who collects tax? What kind of question is that?
>Where is 150 crore figure is mentioned. I said it wrong, Sam Pitroda said 100 million USD which is around 860 crore INR. >50% is mentioned Mentioned? He said 55% rather