Upcoming Indian elections are shaping up as a monumental battle between “pro-growth” advocates; and the left-leaning Congress Party whose minions still believe that taking more from the top earners
It seems that the United States is not the only country with officials on the left who believe that they can continue their uncontrolled spending so long as they define their wealthy citizens’ “fair share” high enough. Writing in the Times of India, columnist Lubna Kably, calls that “democratic theft.” Her piece, “Don’t Punish High Earners,” is a response to Finance Minister P. Chidambaram’s suggestion of a higher tax burden on “high net worth individuals (HNIs).” Suggestions like these in India are either trial balloons or more likely preludes to government dicta already in the works.
