Growing Wealth and Income Margin of Elites and Poors
Mr Thomas Piketty has an awesome thinking about curbing in the reduction of rich-poor inequality of income and wealth distribution.....lets go through this article and support for the revival of the income tàx statistics banned in India in 2000 ... Also, release of the findings of Socio-economic Caste Census 2011 is what he is waiting for which can envisage in the widening of our horizon of thinking about this issue. P lease read below: Thomas Piketty, author of the best-selling book ‘Capital in the Twenty-First Century,’ that transformed the understanding of the history of wealth and its distribution , said for India to meet its huge challenges of inequalities- the elite would have to start paying more taxes. The current tax-to-GDP ratio — of between 10 per cent and 11 per cent — is insufficient for meeting India’s huge challenges of inequalities, the French economist said. The aim should be to evolve the ratio toward the 30 per cent to 50 per cent levels now seen in the U....