American economist and Nobel Laureate Joseph Stiglitz said that the money should be spent in high impact areas rather than low impact areas and increase taxes if you do not have the resources because your (India) There are many billionaires here.
US economist and Nobel Laureate Joseph Stiglitz said on Monday that if the Indian government failed to raise the necessary funds to combat the Covid-19 pandemic (Coronavirus Pandemic), it would be richest. People should raise resources by taxing them. He said that the Government of India should not step back from spending to control the epidemic and help the weaker sections. Stiglitz said in an event organized by FICCI (FICCI), the money should be spent in high impact areas instead of low impact areas and raise taxes if you do not have the resources because you (India) have a lot of billionaires here. There has been a lot of debate in the past about the imposition of Covid tax on the wealthiest people in India.
He also said that both India and America did not face Covid 19 well. He said that by allowing the foreign laborers to go home, the infection of the epidemic increased and the ban aims failed.
He criticized the US for racist and asymmetrical politics and said that similar divisive politics is happening in India too. This causes loss of society and economy.
Demand for taxing the rich has been raised many times – Recently around 80 wealthy businessmen of the world wrote to the governments of the world and said that the governments ‘Super Rich’ to deal with the coronavirus pandemic Covid-19. People should be taxed more.
In this letter, he has described himself as ‘Millionaires for Humanity’ and has said that the government should impose more tax on him ‘immediately, substantially and permanently’. The group includes Ben and Jerry’s ice cream co-founder Jerry Greenfield, screenwriter Richard Curtis and filmmaker Abigail Disney along with American entrepreneur Sydney Topol and New Zealand retailer Stephen Tyndall.