look news india
Even today, when it comes to rich people in the country, the names of billionaires like Mukesh Ambani and Gautam Adani come first. The way inequality is increasing in the world. According to the World Bank report, the rich are becoming richer and the poor are becoming poorer. There is a discussion that a separate billionaire tax should be imposed on these billionaires. This has become the biggest issue in the G-20 summit to be held in Brazil this year.
After India, Brazil has got the presidency of G-20 this year. In G-20 countries, the host country decides to build consensus on many issues from its side. This time Brazil has proposed a billionaire tax. Countries like France, Spain and Germany are also supporting it.
What is the billionaire tax?
The billionaire tax in Brazil was originally proposed by French economist Gabriel Zucman. In fact, it is a wealth tax. In this, the government can tax the owners of assets above a certain limit. In ancient times, taxes were collected in this way.
Brazil has proposed that if people's wealth is more than one billion dollars i.e. about 8300 crores rupees, then a two percent tax will be imposed on it annually. This is the billionaire tax. Under this, the government will be able to collect 250 billion dollars i.e. about 20.8 lakh crores rupees every year from about three thousand super rich people of the world.
Congress questioned the government regarding billionaire tax
The opposition Congress in India seems to be supporting it. Party leader Jairam Ramesh tweeted and asked the government to show India's stand on this. The post said that there are 167 people in the country who have assets worth more than one billion dollars. If the government collects two percent wealth tax from these people every year, then the country's treasury will get an income of Rs 1.5 lakh crore, which will be about 0.5 percent of the country's GDP. This will allow investment in schools, hospitals, renewable energy and other needs in the country.
What is the opinion of Indians now?
Recently a survey was also conducted on what is the opinion of common Indians regarding billionaire tax. A private survey found that 68 percent of the world's population is in favor of billionaire tax.
While 74 percent of Indians surveyed have supported the wealth tax to be imposed on super rich or billionaires. They say that this tax should stop hunger and inequality in the country. While 68 percent of the people surveyed said that India can meet the needs of electricity, transport, industry and food with this money.
