Inheritance Tax Row | CNN-News18 Exclusive Conversation With Economist Surjit Bhalla | News18

Inheritance Tax Row | CNN-News18 Exclusive Conversation With Economist Surjit Bhalla | News18

Once We Are A Developed Country, We Can Start Discussing Inheritance Tax: Economist Surjit Bhalla

"There are very few countries in the world that attempt to redistribute wealth and for obvious reasons. The focus should be on what has happened to income inequality, consumption inequality": Economist Surjit Bhalla on Inheritance Tax row

"Once we get to be a developed country, we can start discussing Inheritance Tax. We are nowhere close...": Economist Surjit Bhalla on Inheritance Tax row

#LokSabhaElections2024 #inheritancetax #englishnews #news18

n18oc_india

The biggest issue in the wealth distribution is the actual number of people paying income tax. Currently hardly 2% of the population pay IT whereas the rest escape paying income tax. Most the escape routes are agriculture, unauditable business activities and service sector. Unless drastic steps are taken to rope in many escapists into the IT bracket, nothing is possible

[shilpa]

All talented people will move out to better opportunities outside if redistribution is done

[narenb]

Inheritance tax is against our culture, against our dharm, nagainst our duty... America is a toddler compred to India if you take count to existence...We havebeen surviving and growing against all... That's because we value our culture... Our culture has everything to learn for life ...be it economy, science or healthcare or art or spirituality.... We cannot afford to let it go.... RIP Mr. inheritance Tax....

[SM-unho]

Yes, once we become a $40 to $50 trillion dollar economy with per capita income of atleast $25, 000/- then inheritance tax implementation would be more appropriate but not before that.

[vijayrajeswarraoparsa]

Let common man has shelter and minimum living income to them before talking about inheritance tax

[satyanarayanakaramsetty]

Why did Rajiv Gandhi removed Inheritance Tax rule right away immediately after Indira died ?? some moghul premi biryani smell is coming here ?? hmm...may be to save his own property from loosing away ??

[Ramesh-sg]

Question is not about inheritance tax ; question is to whom it is going? To the needy poor or to the poor, middle class, wealthy minorities?

[j_Uy_qwiHbCXLtkpvQ]

Political parties will use this money to distribute freebies

[ananthapadmanabharaobharth]

Why cont this grate cong.s fellows won't give promis to remove all taxess on people

[success]

Without inheritance tax development of country is not possible

[Madraswala]

Remove govt from hindu temples. The rich will offer their substantial assets to the local temples.

[motogpower]

BJP says black money will be stopped. But it hss not happened. So inheritance / estate tX is an option

[swaminathankrish]

This is the way congress has been playing double trible game. When BJP introduced farm law changes it would hv given farmers open market access and decide their prices, congress fearing farmers improvement in their status under BJP govt along with all other opposition parties, blocked the same instigating false protest. This would hv been one more plus point to Modi hence blocked it. On other hand it did nothing in last 70 years and lost golden opportunities. Congress has zero sensibilities on economics. Once BJP has generated wealth in the country during last 10 years, now they want to grab it and redistrubute. Redistribution can be done only once, it cannot sustain further as the wealth generators will no longer continue to be present in india, where will the growth come from ?. Air India is an example of Congress mismanagement. They were spending 7000 crires per year on that airlines which was a loss to public money. Modi disinvested, 7000 crore per year is saved of citizens money, TATAS have rejuvinated that airlines and its one of top airlines. Requesting citizens of Bharat to plan to boycot congress completely and also lets plan to shut and close that monster organisation called CONGRESS. This congress party has to be shut down and its the sole organisation responsible for Bharats pains for last 70 years.

[ShahilShrma-kbvg]

We need min wedge law to beat inflation

[amareshroy]

People have absorbed services tax and many type of cess.inheritence tax if imposed will also be paid.what to do.

[logesh]

Stock market performance is less when compare to Congress 10yr period....market restrutured highly... corporate structure restuctured a lot and wealth distribution increased takes time to realize....

[skrao]

So we make India a developed nation, and then they distribute our wealth to them?!

[girishsahni]

Economist Surjit Bhalla #hindus are already paying inheritance tax of feeding muslims, giving properties for free... the inheritance #muslims manufactured w/o permission.

[RaviDevegowda]

Bhalla is taking the train so far so long it dilutes the gravity of the question, muddled intellectuals

[nitinpatel]

Issue in India we have such image and anti rich mindset which is feeded in our ecosystem for generations, we simply don't use our brain, we want Sweden, Norway, iecd countries welfarism without letting economy becoming big enough to sustain those expenses