Sam Pitroda in said inheritance tax should be applied in India just like Law in USA

Inheritance Tax in India: In India, the gap between the rich and the poor is often discussed and political parties keep giving statements on this issue according to their ideology. The Indian National Congress keeps accusing the country's ruling Bharatiya Janata Party of being a party interested in the rich. Now a big leader of the party has given a big statement on this issue. Indian Overseas Congress President Sam Pitroda has given a statement regarding the wealth of the rich in India which has become a topic of discussion.

Sam Pitroda lobbied for inheritance tax

Indian Overseas Congress President Sam Pitroda said in Chicago, USA, “There is inheritance tax in America. If someone has a property worth $100 million and when he dies, he can transfer only 45 per cent to his children. Is.” 55 percent is grabbed by the government. This is an interesting law. It says that you created wealth in your generation and now you are leaving, you should leave your wealth to the public – not all, but half. I like this fair law.

#WATCH , Chicago, US: Chairman of Indian Overseas Congress, Sam Pitroda says, “…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. pic.twitter.com/DTJrseebFk

— ANI (@ANI) April 24, 2024

Sam further said – However, you do not have this in India. If someone's wealth is 10 billion and he dies, his children get 10 billion and the public gets nothing… So people have to debate and discuss such issues. I don't know what the conclusion will be in the end but when we talk about redistribution of wealth, we are talking about new policies and new programs that are in the interest of the people and not just the interests of the super-rich. In.”

People expressed their views on social media

Reading the comments of netizens below this news on X, it seems that opinions are already divided among people regarding this. While some people are strongly objecting to this suggestion or idea of ​​Sam, some people are trying to prove it as a good initiative. Although it is clear that the idea of ​​taking the wealth of the rich and distributing it among the public may be very interesting for the common people, but how beneficial will it be for the real businessmen or rich people who will be affected by this foreign law? There are questions.

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