Poor die from Covid, Rich getting richer..!

During the Corona spread, the number of millionaires in india increased by 38 to 39 percent which was around 140 to 142. At the same time, the number of the poor is increased which is almost doubled. The World Economic Forum started off yesterday in Davos, Switzerland. The conference released a report on the shocking growing unequal society in India. The total assets of 142 millionaires have increased which is more than Rs 53 lakh crore. Around 98 millionaires own property which is equivalent to the assets of 55.5 crore people in India.
The assets of these billionaires in the top 10 places in india can cover many things in the country like the cost of schooling and higher education for every child in the country even for the next 25 years. It can also be possible to finance the National Rural Livelihoods Program.
The Oxfam report recommended correcting this economic inequality which includes:
The need to increase revenue by re-imposing property taxes or by imposing new taxes on the giant millionaires in India. Through that one can invest in the education, health, etc. of the country. The rise in the number of private hospitals and educational institutions in india is due to the inability of the central government to spend adequate amounts on health, education, and social security schemes. The government should allocate more funds for education, health, and social security.

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rich getting richer poor die due to covid

Sowmiya Sriram

17/01/2022 08:34 PM