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Raju
India & Global Left
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Comments by "Raju" (@rajx7120) on "India & Global Left" channel.
What wealth are you talking about? Share market wealth is not real weath. It is notional wealth. If Adani or Ambani sells their stocks, then the price will fall, and they won't be able to realise more than 60% of the share value. Moreover, share prices reflect future potential of a company. People buy shares, when they think company will do well in the future. Which means more jobs will be created too.
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India needs to tax agricultural income. Biggest tax evasion is happening in agriculture where 100% tax exemption exists. Lot of rich, farmer politicians, are accumulating money, and then hand out freebies, when in power to act like messiah.
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Watch the interview before commenting. Finally, he is speaking against communist ideas. Finally, he is talking sense.
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Finally, Raghuram Rajan talking sense. Tell this to Rahul Gandhi, and criticize his hair-brained manifesto.
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Rich already pay high taxes. In fact, majority of the taxes. The solution is to make them spend and invest that money locally, than scaring them to take that money to tax havens.
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