Jan 22 2023 to Jan 22 2023 6 p.m.

EVENT HAS ENDED

Where

Bangalore International Centre

7 4th Main Rd, Stage 2, Domlur 560071

Event Description

Just five percent of Indians own more than 60 percent of the country’s wealth while the bottom half of India’s population possess only three percent of wealth, according to Oxfam India’s latest report “Survival of the Richest: The India story”. The richest man in India has seen his wealth soar by 46 percent in 2022. The report shows a one-off 20% tax on his unrealized gains from 2017–2021 could potentially raise INR 1.8 lakh crores. This is enough to employ more than five million primary school teachers in the country for a year. While the country suffers from multiple crises like hunger, unemployment, inflation and health calamities, India’s billionaires are doing extremely well. At this event, the panellists will discuss how obscene the inequality in India is, and how India’s regressive tax system is the main enabler of such inequality. The time has come to tax the rich and ensure they pay their fair share.