Impose Exit Tax on fleeing rich Impose Exit Tax on fleeing rich Bharat Jhunjhunwala Consultancy company Henley and Partners assists the rich to migrate from one country to another. It has said that the numbers of rich wanting to migrate out of India have increased by 63 percent in 2020. Certainly there is contribution of the Covid pandemic. However, in 2018, before the pandemic, the Afro Asian Bank in its Global Wealth Migration Review reported that 15,000 rich persons migrated out of China, 7,000 from Russia, 5,000 from India and 4,000 from Turkey. Three of these four countries—namely, China, Russia and Turkey—are dictatorial in their political setup. We may speculate that the out migration from these countries could be due to political suffocation. The inclusion of democratic India in this list is ringing a danger bell for us. On the other hand, the destination of the rich was 12,000 to Australia, 10,000 to the United States, 4,000 to Canada and more importantly 100-plus migrated to a developing country like Mauritius. We lost the rich while Mauritius gained. The out migration of rich from India is, therefore, not merely due to the Covid pandemic but has deeper causes.