By Muslim Mirror Desk
Just five percent of Indians own more than 60 percent of the country’s wealth while the bottom 50 percent of India’s population possess only three percent of the wealth, according to Oxfam India’s latest report “Survival of the Richest: The India story”.
According to the report, the wealth of India’s billionaires increased by 121%, or 3,608 crores per day, between April 2020 and November 2022.
The report states that in 2021–2022, the top 10% of Indian citizens paid only 3% in goods and services tax. (GST). This is in contrast to the 50% of the population of the country paying 64% of the 14.83 lakh crore worth of GST, and the middle 44% paying 33%.
According to data from the Centre for Monitoring the Indian Economy, the development occurs at a time when the nation’s unemployment rate hit a 12-month high of 8.3% in December of last year (CMIE).
According to the report, the poor face severe hardships, the wealth of the top 10 richest in India stands at INR 27.52 lakh crore ($335.7 billion an increase of around $110 billion which is a 32.8 percent rise from 2021). The wealth of the top 10 richest can finance the Ministry of Health and Family Welfare and Ministry of Ayush for more than 30 years or can finance India’s Union education budget for 26 years or can fund the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) for 38 years.
“In 2019, the Central Government reduced the corporate tax slabs from 30% to 22%, with newly incorporated companies paying a lower 15% rate. The projected revenue foregone by the Union Government in 2020-21 in the form of incentives and tax exemptions to corporates was more than INR 1,03,285.54 crores. This is the equivalent to the allocation towards Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) for 1.4 years,” the report read.
Amitabh Behar, CEO of Oxfam India said, “While the country suffers from multiple crises like hunger, unemployment, inflation and health calamities, India’s billionaires are doing extremely well for themselves. The poor meanwhile in India are unable to afford even basic necessities to survive. The number of hungry Indians increased to 350 million in 2022 from 190 million in 2018. The widespread hunger is resulting in 65 per cent of the deaths among children under the age of five in 2022, according to the Union Government’s submission to the Supreme Court. After witnessing mass suffering and death during the COVID-19 pandemic, it was critical that the Government of India took aggressive measures to address injustice and poverty. But it has unfortunately lost the plot. India is unfortunately on a fast track to becoming a country only for the rich.”
“The country’s marginalised – Dalits, Adivasis, Muslims, Women and informal sector workers are continuing to suffer in a system which ensures the survival of the richest. The poor are paying disproportionately higher taxes, spending more on essentials items and services when compared to the rich. The time has come to tax the rich and ensure they pay their fair share. We urge the finance minister to implement progressive tax measures such as wealth tax and inheritance tax which have been historically proven to be effective in tackling inequality.”, said Behar.
According to the report, greater taxation creates an enabling environment for governments to have resources to fund universal public services, climate adaptations and innovations.
The report cited a nationwide survey by Fight Inequality Alliance India (FIA India) in 2021 which revealed that more than 80% of people in India support tax on the rich and corporations who earned record profits during the Covid-19 pandemic and more than 90% participants demanded budget measures to combat inequality such as universal social security, right to health and expansion of budget to prevent gender-based violence.
Gabriela Bucher, Executive Director of Oxfam International said, ““It’s time we demolish the convenient myth that tax cuts for the richest result in their wealth somehow ‘trickling down’ to everyone else. Taxing the super-rich is the strategic precondition to reducing inequality and resuscitating democracy. We need to do this for innovation. For stronger public services. For happier and healthier societies”
In order to stop crisis profiteering, Oxfam India urged the Union finance minister to enact windfall taxes and one-time solidarity wealth taxes. Additionally, it called for a permanent increase in taxes on the richest 1%, with a focus on capital gains taxes, which are currently taxed at a lower rate than other types of income.
MARXISTS,MCC,NAXALS.RED BRIGADES IN INDIA,LAMENT THEIR ABILITY,TO FIGHT THE “HINDOO STATE”
THAT IS HISTORY AND MINDSET !
TAKE HAMAS AND QASEM ROCKETS ! IT IS SIMPLE TECHNOLOGY !
1ST LESSON — THE PANWARI BRAHMIN,BANIA,KASYTHAS ARE COWARDS AND RATS ! THEY SOLD THEIR WOMEN TO THE MUGHALS AND WILL CLIMB TREES TO SAVE THEMSELVES !
THESE SCUM USE THE “KSHATRIYAS” TO FIGHT FOR THEM ! ADE SHANKARA AND OTHERS ALSO USED KSHATRIYAS AND HUNS,TO EXTERMINATE BUDDHISTS !
COZ KSHATRIYAS ARE DUMB ! NEIN ! THAT IS NOT ALL !
DO NOT RELY ON ME OR THE COWARDICE OF INDIAN HISTORY ! READ AMBEDKAR !
AMBEDKAR SAYS – WHEN PARSHURAM AND DHANANANDA KILLED ALL THE KHATRIYAS – THEN FROM WHENCE DID THESE SCUM COME ? THE MAHABHARATA SAYS, THAT KSHATRIYA WOMEN WERE RAPED BY INVADERS AND THEIR KIDS WERE DUMPED AS ORPHANS + THESE WOMEN COPULATED WITH BRAHMINS, TO PRODUCE THE KSHATRIYAS OF TODAY !
A BASTARD BREED BORN OF PROSTITUTES AND INVADERS AND BRAHMIN LIMPETS ! NOW KSHATRIYAS KNOW THIS,AND TO HIDE THIS SHAME,THEY MADE UP A BOGUS MARTIAL HISTORY OF LIES,AND TERRORISE THE DEFENSELESS DALITS ! IT WAS THE BRITS WHO RECKONED THAT THIS BREED OF MERCENARIES,WILL KILL FOR 12 EGGS AND 1 BOTTLE OF OLD MONK RUM !
WONDERBAR ! NOW THAT MAKES SENSE,AND EXPLAINS,THE COWARDICE,TREACHERY AND SLIME OF INDIAN HISTORY !
AMBEDKAR DESCRIBES BANIAS AS UNDER
I QUOTE BR AMBEDKAR IN PAGE 4357 of Selected Works of Dr BR Ambedkar
The Bania is the worst parasitic class known to history. In him the vice of money-making is unredeemed by culture or conscience. He is like an undertaker who prospers when there is an epidemic.
In every country there is a governing class. No country is free from it. But is there anywhere in the world a governing class with such selfish, diseased and dangerous and perverse mentality, with such a hideous and infamous philosophy of life which advocates the trampling down of the servile classes to sustain the power and glory of the governing class? I know of none
THUS THE IDEOLOGICAL BASIS FOR THEIR EXTERMINATION IS SET !
NOW THE MEANS ! NAXALS/MCC HAVE TO JUST TARGET THE ARMOURIES OF THE PANDOO THULLA POLICE OF CHAIWALA (GOA POLICE,UTTARAKHAND POLICE,RAJASTHAN POLIE,YOU PEE POLICE,SOUTH INDIAN POLICE) ! THESE COWARDS AND RATS ARE THIEVES,WHO WILL SELL THEIR WEAPONS AND WIVES FOR MONEY OR TO SAVE THEIR LIVES ! IN THE 2ND LAYER COME THE ARMOURIES OF THE CAPF !
MCC DOES NOT NEED MISSILES AND ROCKETS AS OF N0W- AS THEY HAVE JUNGLE COVER – UNIKE HAMAS !
MINING WILL BRING IN TNT,SEMTEX AND RDX FOR IEDs !’ WORKING CAPITAL FOR SALARIES,FOOD AND MATERIALS,WILL COME FROM TAX ON LOGGING AND MINING,POPPT AND RED SANDERS FARMING !
IT IS TIME FOR ABSOLUTE WAR !
It does not take the intellect of Ambedkar, to prove that the Hindoo scriptures are replete with shocking and embarrassing insertions,interpolations, editing, and are copies of the mythologies of other nations.Patterns in the writing, outrageous verses, signature of the ruling elite,of the days, when the scripture was written, are apparent,on a bare reading.In fact,even the Kamasutra and Yoga are copies from other nations and civilisations.Clay and other tablets on Kimetic Yoga and clones of Kamasutra,dated to Ptah Hotep in 3550 BC,exist in Egypt,and Indian Archaeology,on this matter,is a blank slate in a black hole.
The VHP,Bajrang Dal,RamSena,Durga Vahini et al,are used by the BJP to ferment and foment religious and caste discord,and then, the BJP uses the limpet vernacular media,to emit shock waves through the Hindoo society, to place the Hindoo votes in pigeon holes,and then,polarise, solidify and cement,their vote bank.
HENCE,THESE PANWARI BANIAS OF VHP,BAJRANG DAL,RSS ARE FAIR TARGETS AND MCC ATTACKS ON THEM,WILL OPEN UP NEW CHANNELS OF SUPPLY CHAINS AND TECHNOLOGIES.dindooohindoo