One way to pay for vaccinations for all in 18-45 group – a 1.6% tax on net worth of richest Indians
A one-off tax on a handful of people whose combined wealth exceeds the combined GDP of five South Asian countries could save millions of lives.
Industrialists Mukesh Ambani and Gautam Adani.
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Mukesh Ambani (PTI), Gautam Adani (Reuters)
Just over a year ago, I wrote a piece in this publication, urging the imposition of a modest “Covid tax” on the country’s ultra-wealthy. The essay was not written in a spirit of wide-eyed innocence: it was written altogether less with the expectation of being received positively than as a gesture, plain and simple, that demanded to be performed as part of a professional economist’s sense of public responsibility. It is in much the same spirit that this theme is revisited, very briefly, in what follows.