Congress Wealth Redistribution & Inheritance Tax Row LIVE | Lok Sabha Election 2024 Debate LIVE

Описание к видео Congress Wealth Redistribution & Inheritance Tax Row LIVE | Lok Sabha Election 2024 Debate LIVE

Congress Wealth Redistribution & Inheritance Tax Row LIVE | Lok Sabha Election 2024 Debate LIVE

Emphasing the need for policy towards wealth redistribution, Mr. Pitroda elaborated on the concept of inheritance tax prevailing in the U.S. "In America, there is an inheritance tax. If one has $100 million worth of wealth and when he dies he can only transfer probably 45% to his children, 55% is grabbed by the government. That's an interesting law. It says you in your generation, made wealth and you are leaving now, you must leave your wealth for the public, not all of it, half of it, which to me sounds fair," Mr. Pitroda said.

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