Survival of the Richest- says new Report from OXFAM

According to a new report released on January 16, India's richest 1% now controls more than 40% of the nation's overall wealth, while the poorest 50% of the population collectively own just 3% of the country's wealth. The rights organisation Oxfam International said that taxing India's top ten earners at 5% would generate enough revenue to send all children back to school when it released the India supplement to its annual inequality report on the first day of the World Economic Forum Annual Meeting in Davos. “A one-off tax on unrealized gains from 2017–2021 on just one billionaire, Gautam Adani, could have raised Rs 1.79 lakh crore, enough to employ more than five million Indian primary school teachers for a year,” it added. Only the Rich Survives According to the "Survival of the Richest" report, if India's billionaires paid a single tax of 2% on their entire fortune, it would provide the Rs. 40,423 crore needed to feed the country's malnourished fo...