December 15, 2015 No.7
https://www.facebook.com/mehtarahulc/posts/10153177541766922
Dear recallists , do you agree with following economic law-draft? And if not, what flaws do you see?
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The proposal goes as - remove all taxes, and impose say 5% wealth tax (or a rate equal to rent rate) on all forms of wealth, above a limit say Rs 2 crores. And then use the money for all govt expenses and distribute the remaining money equally amongst ALL citizens. IOW, wealth tax will not only be used to pay for all govt expenses , but also remove poverty.
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The above proposal is from Roshan Lal Agrawal , Bharat Gandhi athttps://www.facebook.com/votership , and many more etc, They call it "nagrik bhatta" or "economic justice forum" . Many groups such as "aarthik nyaya manch" , "bharatiya nyay manch" are supporting this proposal.
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The proposal difers from our proposal and has similarities, As far as minerals, spectrum and govt land goes, we too agree on imposing a rent , which will be divided equally amongst all citizens. But for PRIVATE wealth, we have proposed ONLY a tax to cover govt expenses and NOT for distribution amongst citizens. Also, we believe that income tax is must for proper wealth tax collection.
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So please leave aside the fact that income tax is necessary for wealth tax collection. That point is technical, and not political. The political part we disagree with is -- we oppose wealth tax on PRIVATE wealth for purpose of distribution of money amongst citizens.
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So the QUESTION before us recallists is ----- what is "WRONG" if tax is imposed on PRIVATE wealth to obtain money to distribute it amongst citizens to reduce poverty?.
.
Pls reply above question./ Pls avoid language of "fundamental rights" , "natural rights" etc. And see if you can give a logic which is also free of words "morally right" etc etc. IOW, can you give a MATERIAL explanation for or against this proposal.
https://www.facebook.com/mehtarahulc/posts/10153177541766922
Dear recallists , do you agree with following economic law-draft? And if not, what flaws do you see?
.
The proposal goes as - remove all taxes, and impose say 5% wealth tax (or a rate equal to rent rate) on all forms of wealth, above a limit say Rs 2 crores. And then use the money for all govt expenses and distribute the remaining money equally amongst ALL citizens. IOW, wealth tax will not only be used to pay for all govt expenses , but also remove poverty.
.
The above proposal is from Roshan Lal Agrawal , Bharat Gandhi athttps://www.facebook.com/votership , and many more etc, They call it "nagrik bhatta" or "economic justice forum" . Many groups such as "aarthik nyaya manch" , "bharatiya nyay manch" are supporting this proposal.
.
The proposal difers from our proposal and has similarities, As far as minerals, spectrum and govt land goes, we too agree on imposing a rent , which will be divided equally amongst all citizens. But for PRIVATE wealth, we have proposed ONLY a tax to cover govt expenses and NOT for distribution amongst citizens. Also, we believe that income tax is must for proper wealth tax collection.
.
So please leave aside the fact that income tax is necessary for wealth tax collection. That point is technical, and not political. The political part we disagree with is -- we oppose wealth tax on PRIVATE wealth for purpose of distribution of money amongst citizens.
.
So the QUESTION before us recallists is ----- what is "WRONG" if tax is imposed on PRIVATE wealth to obtain money to distribute it amongst citizens to reduce poverty?.
.
Pls reply above question./ Pls avoid language of "fundamental rights" , "natural rights" etc. And see if you can give a logic which is also free of words "morally right" etc etc. IOW, can you give a MATERIAL explanation for or against this proposal.
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