24 Apr 2024, 08:20 AM
"Congress has decided to destroy India": Amit Malviya on Sam Pitroda's stand on redistribution of wealth
BJP IT Cell chief Amit Malviya on Wednesday came down heavily on the Congress party after Chairman of Indian Overseas Congress Sam Pitroda backed the party's stand on redistribution of wealth, saying "Congress has decided to destroy India."
In a post on X, Amit Malviya said, "Congress has decided to destroy India. Now, Sam Pitroda advocates a 50 percent inheritance tax for wealth redistribution. This means 50 percent of whatever we build, with all our hard work and enterprise, will be taken away. 50 percent, besides all the tax we pay, which too will go up, if Congress prevails."
Earlier in the day, emphasizing the need for policy toward wealth redistribution, Pitroda elaborated on the concept of inheritance tax prevailing in America.
"In America, there is an inheritance tax. If one has 100 million USD worth of wealth and when he dies he can only transfer probably 45 percent to his children, 55 percent is grabbed by the government. That's an interesting law. It says you in your generation, made wealth and you are leaving now, you must leave your wealth for the public, not all of it, half of it, which to me sounds fair," Pitroda said.
"In India, you don't have that. If somebody is worth 10 billion and he dies, his children get 10 billion and the public gets nothing... So these are the kinds of issues people will have to debate and discuss. When we talk about redistributing wealth, we are talking about new policies and new programs that are in the interest of the people and not in the interest of the super-rich only," he added.
Pitroda also said that the subject of wealth distribution is strictly a 'policy issue' and he feels concerned about Prime Minister Modi after his remarks on Congress manifesto.
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