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SP document vows 2% tax on ultra rich

Tribune News Service
Lucknow, April 5

The Samajwadi Party today released a comprehensive vision document focusing on social justice and even imposing a 2 per cent tax on the 0.1 per cent ultra rich to increase GDP by 1 per cent.

Released by SP chief Akhilesh Yadav, the 16-page document, “Mahaparivartan through social justice: A new vision, a new hope,” quotes SP ideologue Ram Manohar Lohia: “A war on poverty is a sham unless it is also a war on caste and gender.”

In the prologue called ‘Enough is enough’, the document points out that the rich have become super-rich—in fact, the richest 10% own 60% of India’s wealth. The poor struggle as half the population has just 8 per cent of India’s wealth.

Promising 100% farm loan waiver as the first step to address the farm crisis of national proportions, the document, however, admits that it calls for a national solution and no poll sop or individual state can implement change at this scale. It also promises community-based financing model by women SHGs based on Kerala’s State Farmers Debt Commission. 

‘Mahaparivartan’

  • 100 per cent farm loan waiver and community-based financing model 
  • Rs 3,000 pension for women-headed households and Lohia Grameen Awaas Yojana


from The Tribune http://bit.ly/2uQpt4V
via Today’s News Headlines
SP document vows 2% tax on ultra rich SP document vows 2% tax on ultra rich Reviewed by Online News Services on April 06, 2019 Rating: 5

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