Raghuram Rajan’s assertion, in an interview with ThePrint, that wealth taxes haven’t worked anywhere should put an end to this debate. It’s an ideologically driven idea aimed less at redistributing wealth and more at vindictively punishing wealth creators. Instead, the government should reorient spending priorities to boost India’s flagging growth.
On recent border understanding with China, cautious optimism is the best approach
The understanding between India and China on the border issue is a significant step toward easing LAC tensions and resuming ties. However, given China’s blow hot, blow cold history, it remains to be seen whether Beijing will adhere to an agreement it previously violated. Cautious optimism is the best approach.
One would echo that for estate duty or inheritance tax as well.