Skip to main content

In Tax We Trust

Slum and Skyscrapers in Mumbai: by Alicja Dobrucka


A few weeks back, when the World Economic Forum was meeting in Davos, some of the wealthiest people in the world wrote an open letter, titled In tax we trust, to their “fellow millionaires and billionaires.” The letter drew the attention of the affluent people of the world to the gaping chasm between the rich and the poor and squarely laid the blame on the prevailing economic system which “until now has been deliberately designed to make the rich richer.”

The forthrightness of the letter is admirable. The prevailing economic system which makes the rich richer is unjust, the letter admits candidly. “This injustice … has created a colossal lack of trust between the people of the world and the elites who are the architects of this system. Bridging that divide is going to take more than billionaire vanity projects or piecemeal philanthropic gestures – it’s going to take a complete overhaul of a system…”

Let us pay more tax than the less privileged people. That’s what these rich people are saying.

Why did they choose to be so magnanimous. 76% of the world’s total wealth lies in the hands of just 10% of people. The bottom 50% of people own just 2% of the assets. The inequality is all too obvious. The injustice is obvious too. To sensible people.

The Indian billionaires are conspicuously absent from the signatories to that letter. In India, the chasm between the rich and the poor became ever more audacious after Modi became the Prime Minister. 57% of the country’s wealth lies with 10% of the Indians while the share of the bottom 50% has gone down to 13%. India today ranks as a top country with respect to wealth inequality. And the system is being tilted more and more in favour of the rich as indicated by the latest budget.

A small additional tax (say 5%) on the billionaires of India will bring in an enormous sum of money that can be used for specific purposes like education of the poor children, giving them free lunch in schools, ensuring their nutrition and health, and so on. Instead Modi has chosen to give more and more benefits to these rich people and tax the poor more and more by allowing the prices of everything from food to petrol to hit the skies.

The world is moving ahead with a vision to create a more egalitarian global society. But India is moving in the opposite direction by widening the gap between the rich and the poor. Modi has been taking India backward in too many ways. Back towards ancient myths and their static darkness. Modi is doing to India just what Christianity did to Europe in the medieval period. Europe eventually rejected that Christianity. Modi’s Hindutva will become a relic in the due course of time. Modi himself will become a gargoyle on the edifice of civilised human history. It’s changes or pitchforks, to paraphrase the conclusion of the open letter mentioned at the beginning of this post. Listen to history wisely if you don’t want to end up as a gruesome gargoyle there.

Satish Acharya's cartoon on the latest budget

xZx

 

Comments

  1. I echo your thoughts, Sir ! And this is what happens when there is no fear of opposition, the civil society is clueless of what to do and the same party becomes overconfident of its majority . Time to change everything.

    ReplyDelete
    Replies
    1. If they don't change themselves, destiny will change them brutally. That's how history works.

      Delete
  2. Thank you for sharing Satish Acharya's cartoon --a picture paints a thousand words and this one paints the pain of the common man starkly--pitchforks, it is then.

    ReplyDelete
    Replies
    1. What baffles me is how long it will take the common person to understand the treachery...

      Delete

Post a Comment

Popular posts from this blog

The Adventures of Toto as a comic strip

  'The Adventures of Toto' is an amusing story by Ruskin Bond. It is prescribed as a lesson in CBSE's English course for class 9. Maggie asked her students to do a project on some of the lessons and Femi George's work is what I would like to present here. Femi converted the story into a beautiful comic strip. Her work will speak for itself and let me present it below.  Femi George Student of Carmel Public School, Vazhakulam, Kerala Similar post: The Little Girl

The Ugly Duckling

Source: Acting Company A. A. Milne’s one-act play, The Ugly Duckling , acquired a classical status because of the hearty humour used to present a profound theme. The King and the Queen are worried because their daughter Camilla is too ugly to get a suitor. In spite of all the devious strategies employed by the King and his Chancellor, the princess remained unmarried. Camilla was blessed with a unique beauty by her two godmothers but no one could see any beauty in her physical appearance. She has an exquisitely beautiful character. What use is character? The King asks. The play is an answer to that question. Character plays the most crucial role in our moral science books and traditional rhetoric, religious scriptures and homilies. When it comes to practical life, we look for other things such as wealth, social rank, physical looks, and so on. As the King says in this play, “If a girl is beautiful, it is easy to assume that she has, tucked away inside her, an equally beauti...

Helpless Gods

Illustration by Gemini Six decades ago, Kerala’s beloved poet Vayalar Ramavarma sang about gods that don’t open their eyes, don’t know joy or sorrow, but are mere clay idols. The movie that carried the song was a hit in Kerala in the late 1960s. I was only seven when the movie was released. The impact of the song, like many others composed by the same poet, sank into me a little later as I grew up. Our gods are quite useless; they are little more than narcissists who demand fresh and fragrant flowers only to fling them when they wither. Six decades after Kerala’s poet questioned the potency of gods, the Chief Justice of India had a shoe flung at him by a lawyer for the same thing: questioning the worth of gods. The lawyer was demanding the replacement of a damaged idol of god Vishnu and the Chief Justice wondered why gods couldn’t take care of themselves since they are omnipotent. The lawyer flung his shoe at the Chief Justice to prove his devotion to a god. From Vayalar of 196...

The Real Enemies of India

People in general are inclined to pass the blame on to others whatever the fault.  For example, we Indians love to blame the British for their alleged ‘divide-and-rule’ policy.  Did the British really divide India into Hindus and Muslims or did the Indians do it themselves?  Was there any unified entity called India in the first place before the British unified it? Having raised those questions, I’m going to commit a further sacrilege of quoting a British journalist-cum-historian.  In his magnum opus, India: a History , John Keay says that the “stock accusations of a wider Machiavellian intent to ‘divide and rule’ and to ‘stir up Hindu-Muslim animosity’” levelled against the British Raj made little sense when the freedom struggle was going on in India because there really was no unified India until the British unified it politically.  Communal divisions existed in India despite the political unification.  In fact, they existed even before the Briti...

Our gods must have died laughing

A friend forwarded a video clip this morning. It is an extract from a speech that celebrated Malayalam movie actor Sreenivasan delivered years ago. In the year 1984, Sreenivasan decided to marry the woman he was in love with. But his career in movies had just started and so he hadn’t made much money. Knowing his financial condition, another actor, Innocent, gave him Rs 400. Innocent wasn’t doing well either in the profession. “Alice’s bangle,” Innocent said. He had pawned or sold his wife’s bangle to get that amount for his friend. Then Sreenivasan went to Mammootty, who eventually became Malayalam’s superstar, to request for help. Mammootty gave him Rs 2000. Citing the goodness of the two men, Sreenivasan said that the wedding necklace ( mangalsutra ) he put ceremoniously around the neck of his Hindu wife was funded by a Christian (Innocent) and a Muslim (Mammootty). “What does religion matter?” Sreenivasan asks in the video. “You either refuse to believe in any or believe in a...