Wealth Redistribution

No tax relief for salaried class. What are your thoughts on the overall budget? What reforms were you awaiting or what do you think are absolutely necessary to uplift the middle/ below middle class of the country?

- Congress has asked Prime Minister Narendra Modi for his stance on a billionaire tax ahead of the G20 meeting. - Brazil's proposal for a 2% wealth tax on billionaires, supported by several countries, could raise significant funds for public investments. - A research paper suggests a 2% wealth tax and a 33% inheritance tax in India could generate 2.73% of GDP in revenues. - A survey shows 74% of Indians support taxing wealth to address global issues like hunger, inequality, and climate crisis. - Former leaders have urged current G20 leaders to support a global billionaire tax, though some nations have raised objections. Source: Economic Times

Is everyone here ready to part with their savings?

On average, every Indian pays 24% of their income in indirect taxes. They in no way contribute less to a country's development than corporate folks. However, when a government announces a welfare scheme for the marginalized, everyone starts shouting "freebie. The Indian middle class is often caught between two worlds, and they can feel insecure and resentful of both the wealthy and the marginalized. If India had set up an unemployment benefit (for certain period after job loss) such as the one in developed western countries, will it be considered a freebie? Especially during the current market scenario?

What are our options if congress for some reason comes to power ?. I have heard stories how the land was taken away from people and given to someone because they politically close to them during Indira Gandhi time . Any ideas how we can protect myself from this crap of policy that congress is planning ?

If basic needs are met why will a human work hard. How long can this scheme run? Andra pradesh Govt is bankrupt and economy is slowing there. What are your views? I feel rich can always move abroad, it's the middle class who may get hit the most.