News India Live, Digital Desk: There has been a lot of debate going on in India for some time now on ‘Inheritance Tax’ and Wealth Redistribution. You might remember that during the Lok Sabha elections, Rahul Gandhi’s ‘Khatkhat’ scheme and Sam Pitroda’s statements regarding inheritance tax had gained momentum. In India, the public had given its verdict, but now a news has come from Switzerland, a rich country in Europe, which is to this issue. A proposal was put before the public there that heavy tax should be imposed on the wealth of the rich. But the response given by the people of Switzerland has attracted the attention of the whole world. What was Switzerland’s proposal? A Youth Socialist Party (Juso) there had demanded that 50% tax be imposed on the inheritance of the super-rich people of the country. He said that if people have assets worth more than 50 million Swiss francs (about Rs 467 crore), if they die, the government should take half of their wealth and invest it in combating climate change. It sounds like Robin Hood – “Take from the rich and give to the poor/society.” But when voting took place, the tables were turned. The public said – “Absolutely not!” Switzerland has direct democracy, that is, major decisions are taken by the public by voting. When a referendum was held on this issue on Sunday, about 67% people rejected this tax. Only 32% people were in support of it. The government there and the general public were afraid that if such a law came into force, then the country’s rich people and big companies would flee Switzerland. This would harm the economy and jobs would be in danger. People believed that “the family should have the right on the hard-earned money, and not half of it should be taken away by the government.” Remembered the politics of. During the election campaign, Congress leader Rahul Gandhi had said that if his government came to power, he would conduct a survey and see who has how much wealth. His statement and the issue of “money coming in with a bang” was made a big issue by the BJP by linking it to inheritance tax. However, be it India or Switzerland, the public mood shows that no one is ready to tolerate such a massive capture of their hard-earned money and ancestral property by the government.
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