Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 73 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]Code Context
trigger_error($message, E_USER_DEPRECATED);
}
$message = 'The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 73 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.' $stackFrame = (int) 1 $trace = [ (int) 0 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ServerRequest.php', 'line' => (int) 2421, 'function' => 'deprecationWarning', 'args' => [ (int) 0 => 'The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead.' ] ], (int) 1 => [ 'file' => '/home/brlfuser/public_html/src/Controller/ArtileDetailController.php', 'line' => (int) 73, 'function' => 'offsetGet', 'class' => 'Cake\Http\ServerRequest', 'object' => object(Cake\Http\ServerRequest) {}, 'type' => '->', 'args' => [ (int) 0 => 'catslug' ] ], (int) 2 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Controller/Controller.php', 'line' => (int) 610, 'function' => 'printArticle', 'class' => 'App\Controller\ArtileDetailController', 'object' => object(App\Controller\ArtileDetailController) {}, 'type' => '->', 'args' => [] ], (int) 3 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ActionDispatcher.php', 'line' => (int) 120, 'function' => 'invokeAction', 'class' => 'Cake\Controller\Controller', 'object' => object(App\Controller\ArtileDetailController) {}, 'type' => '->', 'args' => [] ], (int) 4 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ActionDispatcher.php', 'line' => (int) 94, 'function' => '_invoke', 'class' => 'Cake\Http\ActionDispatcher', 'object' => object(Cake\Http\ActionDispatcher) {}, 'type' => '->', 'args' => [ (int) 0 => object(App\Controller\ArtileDetailController) {} ] ], (int) 5 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/BaseApplication.php', 'line' => (int) 235, 'function' => 'dispatch', 'class' => 'Cake\Http\ActionDispatcher', 'object' => object(Cake\Http\ActionDispatcher) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {} ] ], (int) 6 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php', 'line' => (int) 65, 'function' => '__invoke', 'class' => 'Cake\Http\BaseApplication', 'object' => object(App\Application) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {}, (int) 2 => object(Cake\Http\Runner) {} ] ], (int) 7 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Routing/Middleware/RoutingMiddleware.php', 'line' => (int) 162, 'function' => '__invoke', 'class' => 'Cake\Http\Runner', 'object' => object(Cake\Http\Runner) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {} ] ], (int) 8 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php', 'line' => (int) 65, 'function' => '__invoke', 'class' => 'Cake\Routing\Middleware\RoutingMiddleware', 'object' => object(Cake\Routing\Middleware\RoutingMiddleware) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {}, (int) 2 => object(Cake\Http\Runner) {} ] ], (int) 9 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Routing/Middleware/AssetMiddleware.php', 'line' => (int) 88, 'function' => '__invoke', 'class' => 'Cake\Http\Runner', 'object' => object(Cake\Http\Runner) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {} ] ], (int) 10 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php', 'line' => (int) 65, 'function' => '__invoke', 'class' => 'Cake\Routing\Middleware\AssetMiddleware', 'object' => object(Cake\Routing\Middleware\AssetMiddleware) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {}, (int) 2 => object(Cake\Http\Runner) {} ] ], (int) 11 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Middleware/ErrorHandlerMiddleware.php', 'line' => (int) 96, 'function' => '__invoke', 'class' => 'Cake\Http\Runner', 'object' => object(Cake\Http\Runner) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {} ] ], (int) 12 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php', 'line' => (int) 65, 'function' => '__invoke', 'class' => 'Cake\Error\Middleware\ErrorHandlerMiddleware', 'object' => object(Cake\Error\Middleware\ErrorHandlerMiddleware) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {}, (int) 2 => object(Cake\Http\Runner) {} ] ], (int) 13 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php', 'line' => (int) 51, 'function' => '__invoke', 'class' => 'Cake\Http\Runner', 'object' => object(Cake\Http\Runner) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {} ] ], (int) 14 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Server.php', 'line' => (int) 98, 'function' => 'run', 'class' => 'Cake\Http\Runner', 'object' => object(Cake\Http\Runner) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\MiddlewareQueue) {}, (int) 1 => object(Cake\Http\ServerRequest) {}, (int) 2 => object(Cake\Http\Response) {} ] ], (int) 15 => [ 'file' => '/home/brlfuser/public_html/webroot/index.php', 'line' => (int) 39, 'function' => 'run', 'class' => 'Cake\Http\Server', 'object' => object(Cake\Http\Server) {}, 'type' => '->', 'args' => [] ] ] $frame = [ 'file' => '/home/brlfuser/public_html/src/Controller/ArtileDetailController.php', 'line' => (int) 73, 'function' => 'offsetGet', 'class' => 'Cake\Http\ServerRequest', 'object' => object(Cake\Http\ServerRequest) { trustProxy => false [protected] params => [ [maximum depth reached] ] [protected] data => [[maximum depth reached]] [protected] query => [[maximum depth reached]] [protected] cookies => [ [maximum depth reached] ] [protected] _environment => [ [maximum depth reached] ] [protected] url => 'latest-news-updates/wealth-tax-on-top-rich-could-fund-congress039s-plan-for-poor-paper-seema-chishti-4686848/print' [protected] base => '' [protected] webroot => '/' [protected] here => '/latest-news-updates/wealth-tax-on-top-rich-could-fund-congress039s-plan-for-poor-paper-seema-chishti-4686848/print' [protected] trustedProxies => [[maximum depth reached]] [protected] _input => null [protected] _detectors => [ [maximum depth reached] ] [protected] _detectorCache => [ [maximum depth reached] ] [protected] stream => object(Zend\Diactoros\PhpInputStream) {} [protected] uri => object(Zend\Diactoros\Uri) {} [protected] session => object(Cake\Http\Session) {} [protected] attributes => [[maximum depth reached]] [protected] emulatedAttributes => [ [maximum depth reached] ] [protected] uploadedFiles => [[maximum depth reached]] [protected] protocol => null [protected] requestTarget => null [private] deprecatedProperties => [ [maximum depth reached] ] }, 'type' => '->', 'args' => [ (int) 0 => 'catslug' ] ]deprecationWarning - CORE/src/Core/functions.php, line 311 Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421 App\Controller\ArtileDetailController::printArticle() - APP/Controller/ArtileDetailController.php, line 73 Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610 Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120 Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94 Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51 Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98
Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 74 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]Code Context
trigger_error($message, E_USER_DEPRECATED);
}
$message = 'The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 74 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.' $stackFrame = (int) 1 $trace = [ (int) 0 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ServerRequest.php', 'line' => (int) 2421, 'function' => 'deprecationWarning', 'args' => [ (int) 0 => 'The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead.' ] ], (int) 1 => [ 'file' => '/home/brlfuser/public_html/src/Controller/ArtileDetailController.php', 'line' => (int) 74, 'function' => 'offsetGet', 'class' => 'Cake\Http\ServerRequest', 'object' => object(Cake\Http\ServerRequest) {}, 'type' => '->', 'args' => [ (int) 0 => 'artileslug' ] ], (int) 2 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Controller/Controller.php', 'line' => (int) 610, 'function' => 'printArticle', 'class' => 'App\Controller\ArtileDetailController', 'object' => object(App\Controller\ArtileDetailController) {}, 'type' => '->', 'args' => [] ], (int) 3 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ActionDispatcher.php', 'line' => (int) 120, 'function' => 'invokeAction', 'class' => 'Cake\Controller\Controller', 'object' => object(App\Controller\ArtileDetailController) {}, 'type' => '->', 'args' => [] ], (int) 4 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ActionDispatcher.php', 'line' => (int) 94, 'function' => '_invoke', 'class' => 'Cake\Http\ActionDispatcher', 'object' => object(Cake\Http\ActionDispatcher) {}, 'type' => '->', 'args' => [ (int) 0 => object(App\Controller\ArtileDetailController) {} ] ], (int) 5 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/BaseApplication.php', 'line' => (int) 235, 'function' => 'dispatch', 'class' => 'Cake\Http\ActionDispatcher', 'object' => object(Cake\Http\ActionDispatcher) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {} ] ], (int) 6 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php', 'line' => (int) 65, 'function' => '__invoke', 'class' => 'Cake\Http\BaseApplication', 'object' => object(App\Application) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {}, (int) 2 => object(Cake\Http\Runner) {} ] ], (int) 7 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Routing/Middleware/RoutingMiddleware.php', 'line' => (int) 162, 'function' => '__invoke', 'class' => 'Cake\Http\Runner', 'object' => object(Cake\Http\Runner) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {} ] ], (int) 8 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php', 'line' => (int) 65, 'function' => '__invoke', 'class' => 'Cake\Routing\Middleware\RoutingMiddleware', 'object' => object(Cake\Routing\Middleware\RoutingMiddleware) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {}, (int) 2 => object(Cake\Http\Runner) {} ] ], (int) 9 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Routing/Middleware/AssetMiddleware.php', 'line' => (int) 88, 'function' => '__invoke', 'class' => 'Cake\Http\Runner', 'object' => object(Cake\Http\Runner) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {} ] ], (int) 10 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php', 'line' => (int) 65, 'function' => '__invoke', 'class' => 'Cake\Routing\Middleware\AssetMiddleware', 'object' => object(Cake\Routing\Middleware\AssetMiddleware) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {}, (int) 2 => object(Cake\Http\Runner) {} ] ], (int) 11 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Middleware/ErrorHandlerMiddleware.php', 'line' => (int) 96, 'function' => '__invoke', 'class' => 'Cake\Http\Runner', 'object' => object(Cake\Http\Runner) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {} ] ], (int) 12 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php', 'line' => (int) 65, 'function' => '__invoke', 'class' => 'Cake\Error\Middleware\ErrorHandlerMiddleware', 'object' => object(Cake\Error\Middleware\ErrorHandlerMiddleware) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {}, (int) 2 => object(Cake\Http\Runner) {} ] ], (int) 13 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php', 'line' => (int) 51, 'function' => '__invoke', 'class' => 'Cake\Http\Runner', 'object' => object(Cake\Http\Runner) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {} ] ], (int) 14 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Server.php', 'line' => (int) 98, 'function' => 'run', 'class' => 'Cake\Http\Runner', 'object' => object(Cake\Http\Runner) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\MiddlewareQueue) {}, (int) 1 => object(Cake\Http\ServerRequest) {}, (int) 2 => object(Cake\Http\Response) {} ] ], (int) 15 => [ 'file' => '/home/brlfuser/public_html/webroot/index.php', 'line' => (int) 39, 'function' => 'run', 'class' => 'Cake\Http\Server', 'object' => object(Cake\Http\Server) {}, 'type' => '->', 'args' => [] ] ] $frame = [ 'file' => '/home/brlfuser/public_html/src/Controller/ArtileDetailController.php', 'line' => (int) 74, 'function' => 'offsetGet', 'class' => 'Cake\Http\ServerRequest', 'object' => object(Cake\Http\ServerRequest) { trustProxy => false [protected] params => [ [maximum depth reached] ] [protected] data => [[maximum depth reached]] [protected] query => [[maximum depth reached]] [protected] cookies => [ [maximum depth reached] ] [protected] _environment => [ [maximum depth reached] ] [protected] url => 'latest-news-updates/wealth-tax-on-top-rich-could-fund-congress039s-plan-for-poor-paper-seema-chishti-4686848/print' [protected] base => '' [protected] webroot => '/' [protected] here => '/latest-news-updates/wealth-tax-on-top-rich-could-fund-congress039s-plan-for-poor-paper-seema-chishti-4686848/print' [protected] trustedProxies => [[maximum depth reached]] [protected] _input => null [protected] _detectors => [ [maximum depth reached] ] [protected] _detectorCache => [ [maximum depth reached] ] [protected] stream => object(Zend\Diactoros\PhpInputStream) {} [protected] uri => object(Zend\Diactoros\Uri) {} [protected] session => object(Cake\Http\Session) {} [protected] attributes => [[maximum depth reached]] [protected] emulatedAttributes => [ [maximum depth reached] ] [protected] uploadedFiles => [[maximum depth reached]] [protected] protocol => null [protected] requestTarget => null [private] deprecatedProperties => [ [maximum depth reached] ] }, 'type' => '->', 'args' => [ (int) 0 => 'artileslug' ] ]deprecationWarning - CORE/src/Core/functions.php, line 311 Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421 App\Controller\ArtileDetailController::printArticle() - APP/Controller/ArtileDetailController.php, line 74 Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610 Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120 Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94 Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51 Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98
Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]Code Contextif (Configure::read('debug')) {
trigger_error($message, E_USER_WARNING);
} else {
$response = object(Cake\Http\Response) { 'status' => (int) 200, 'contentType' => 'text/html', 'headers' => [ 'Content-Type' => [ [maximum depth reached] ] ], 'file' => null, 'fileRange' => [], 'cookies' => object(Cake\Http\Cookie\CookieCollection) {}, 'cacheDirectives' => [], 'body' => '<!DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd"> <html xmlns="http://www.w3.org/1999/xhtml"> <head> <link rel="canonical" href="https://im4change.in/<pre class="cake-error"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr68037d1548e5e-trace').style.display = (document.getElementById('cakeErr68037d1548e5e-trace').style.display == 'none' ? '' : 'none');"><b>Notice</b> (8)</a>: Undefined variable: urlPrefix [<b>APP/Template/Layout/printlayout.ctp</b>, line <b>8</b>]<div id="cakeErr68037d1548e5e-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr68037d1548e5e-code').style.display = (document.getElementById('cakeErr68037d1548e5e-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr68037d1548e5e-context').style.display = (document.getElementById('cakeErr68037d1548e5e-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr68037d1548e5e-code" class="cake-code-dump" style="display: none;"><code><span style="color: #000000"><span style="color: #0000BB"></span><span style="color: #007700"><</span><span style="color: #0000BB">head</span><span style="color: #007700">> </span></span></code> <span class="code-highlight"><code><span style="color: #000000"> <link rel="canonical" href="<span style="color: #0000BB"><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">Configure</span><span style="color: #007700">::</span><span style="color: #0000BB">read</span><span style="color: #007700">(</span><span style="color: #DD0000">'SITE_URL'</span><span style="color: #007700">); </span><span style="color: #0000BB">?><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$urlPrefix</span><span style="color: #007700">;</span><span style="color: #0000BB">?><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-></span><span style="color: #0000BB">category</span><span style="color: #007700">-></span><span style="color: #0000BB">slug</span><span style="color: #007700">; </span><span style="color: #0000BB">?></span>/<span style="color: #0000BB"><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-></span><span style="color: #0000BB">seo_url</span><span style="color: #007700">; </span><span style="color: #0000BB">?></span>.html"/> </span></code></span> <code><span style="color: #000000"><span style="color: #0000BB"> </span><span style="color: #007700"><</span><span style="color: #0000BB">meta http</span><span style="color: #007700">-</span><span style="color: #0000BB">equiv</span><span style="color: #007700">=</span><span style="color: #DD0000">"Content-Type" </span><span style="color: #0000BB">content</span><span style="color: #007700">=</span><span style="color: #DD0000">"text/html; charset=utf-8"</span><span style="color: #007700">/> </span></span></code></pre><pre id="cakeErr68037d1548e5e-context" class="cake-context" style="display: none;">$viewFile = '/home/brlfuser/public_html/src/Template/Layout/printlayout.ctp' $dataForView = [ 'article_current' => object(App\Model\Entity\Article) { 'id' => (int) 38717, 'title' => 'Wealth tax on top rich could fund Congress&#039;s plan for poor: paper -Seema Chishti', 'subheading' => '', 'description' => '<div align="justify"> -The Indian Express<br /> <br /> <em>Despite having some ability to benefit a section of the economically worse off, the researchers say, it is mostly a &ldquo;political stunt&rdquo; and limited in its ability to tackle income inequality. <br /> <br /> New Delhi: </em>The Congress&rsquo; proposal of Nyay, a monthly payout of Rs 6,000 to the poorest 20 per cent, can be best served with &ldquo;more progressive taxation,&rdquo; which could include a wealth tax on the rich, says the Paris-based World Inequality Lab. And the BJP&rsquo;s 10 per cent quota for the poor in the General Catgeory is a &ldquo;political stunt.&rdquo;<br /> <br /> The institute has released a comparative study of the promises that the BJP and the Congress have made in 2019 to assist the poor as part of their election pitch.<br /> <br /> While the Congress has not shared any details on the plan &mdash; its fiscal implications or its architecture &mdash; a paper by the Paris institute offers several financing options. Estimating the cost of Rs 72,000 annual income guarantee as Rs 2.9 trillion (1.3% of GDP), it says that a 2 per cent tax on total wealth on households owning more than Rs 2.5 crore of wealth (that is the top 0.1% of households) would yield Rs 2.3 trillion or 1.1% of GDP.<br /> <br /> The paper&rsquo;s authors are Nitin Bharti, research fellow, and co-director Lucas Chancel. Chancel is on the institute&rsquo;s executive committee along with French economist Thomas Piketty whose work on inequality has set off widespread debate.<br /> <br /> Asked if the institute helped the Congress formulate the plan, Chancel said: &ldquo;Not directly. We discussed the scheme and shared our results with Abhijit Banerjee (Professor at MIT and Director of the Poverty Action Lab) who has been discussing it with the Congress but we haven&rsquo;t been in direct contact with them.&rdquo;<br /> <br /> Please <a href="https://indianexpress.com/elections/wealth-tax-on-top-rich-could-fund-congresss-plan-for-poor-paper-5644464/?fbclid=IwAR0CUw5asblDEJQPF-937DJv8toZvShMkPFyzfnongF-HKvnu41IU3g7OoQ">click here</a> to read more. </div>', 'credit_writer' => 'The Indian Express, 27 March, 2019, https://indianexpress.com/elections/wealth-tax-on-top-rich-could-fund-congresss-plan-for-poor-paper-5644464/?fbclid=IwAR0CUw5asblDEJQPF-937DJv8toZvShMkPFyzfnongF-HK', 'article_img' => '', 'article_img_thumb' => '', 'status' => (int) 1, 'show_on_home' => (int) 1, 'lang' => 'EN', 'category_id' => (int) 16, 'tag_keyword' => '', 'seo_url' => 'wealth-tax-on-top-rich-could-fund-congress039s-plan-for-poor-paper-seema-chishti-4686848', 'meta_title' => null, 'meta_keywords' => null, 'meta_description' => null, 'noindex' => (int) 0, 'publish_date' => object(Cake\I18n\FrozenDate) {}, 'most_visit_section_id' => null, 'article_big_img' => null, 'liveid' => (int) 4686848, 'created' => object(Cake\I18n\FrozenTime) {}, 'modified' => object(Cake\I18n\FrozenTime) {}, 'edate' => '', 'tags' => [ [maximum depth reached] ], 'category' => object(App\Model\Entity\Category) {}, '[new]' => false, '[accessible]' => [ [maximum depth reached] ], '[dirty]' => [[maximum depth reached]], '[original]' => [[maximum depth reached]], '[virtual]' => [[maximum depth reached]], '[hasErrors]' => false, '[errors]' => [[maximum depth reached]], '[invalid]' => [[maximum depth reached]], '[repository]' => 'Articles' }, 'articleid' => (int) 38717, 'metaTitle' => 'LATEST NEWS UPDATES | Wealth tax on top rich could fund Congress&#039;s plan for poor: paper -Seema Chishti', 'metaKeywords' => 'Income Support Scheme,Direct Income Support,Minimum Income Guarantee,Nyunatam Aay Yojana,Wealth Tax', 'metaDesc' => ' -The Indian Express Despite having some ability to benefit a section of the economically worse off, the researchers say, it is mostly a &ldquo;political stunt&rdquo; and limited in its ability to tackle income inequality. New Delhi: The Congress&rsquo; proposal of Nyay,...', 'disp' => '<div align="justify">-The Indian Express<br /><br /><em>Despite having some ability to benefit a section of the economically worse off, the researchers say, it is mostly a &ldquo;political stunt&rdquo; and limited in its ability to tackle income inequality. <br /><br />New Delhi: </em>The Congress&rsquo; proposal of Nyay, a monthly payout of Rs 6,000 to the poorest 20 per cent, can be best served with &ldquo;more progressive taxation,&rdquo; which could include a wealth tax on the rich, says the Paris-based World Inequality Lab. And the BJP&rsquo;s 10 per cent quota for the poor in the General Catgeory is a &ldquo;political stunt.&rdquo;<br /><br />The institute has released a comparative study of the promises that the BJP and the Congress have made in 2019 to assist the poor as part of their election pitch.<br /><br />While the Congress has not shared any details on the plan &mdash; its fiscal implications or its architecture &mdash; a paper by the Paris institute offers several financing options. Estimating the cost of Rs 72,000 annual income guarantee as Rs 2.9 trillion (1.3% of GDP), it says that a 2 per cent tax on total wealth on households owning more than Rs 2.5 crore of wealth (that is the top 0.1% of households) would yield Rs 2.3 trillion or 1.1% of GDP.<br /><br />The paper&rsquo;s authors are Nitin Bharti, research fellow, and co-director Lucas Chancel. Chancel is on the institute&rsquo;s executive committee along with French economist Thomas Piketty whose work on inequality has set off widespread debate.<br /><br />Asked if the institute helped the Congress formulate the plan, Chancel said: &ldquo;Not directly. We discussed the scheme and shared our results with Abhijit Banerjee (Professor at MIT and Director of the Poverty Action Lab) who has been discussing it with the Congress but we haven&rsquo;t been in direct contact with them.&rdquo;<br /><br />Please <a href="https://indianexpress.com/elections/wealth-tax-on-top-rich-could-fund-congresss-plan-for-poor-paper-5644464/?fbclid=IwAR0CUw5asblDEJQPF-937DJv8toZvShMkPFyzfnongF-HKvnu41IU3g7OoQ" title="https://indianexpress.com/elections/wealth-tax-on-top-rich-could-fund-congresss-plan-for-poor-paper-5644464/?fbclid=IwAR0CUw5asblDEJQPF-937DJv8toZvShMkPFyzfnongF-HKvnu41IU3g7OoQ">click here</a> to read more.</div>', 'lang' => 'English', 'SITE_URL' => 'https://im4change.in/', 'site_title' => 'im4change', 'adminprix' => 'admin' ] $article_current = object(App\Model\Entity\Article) { 'id' => (int) 38717, 'title' => 'Wealth tax on top rich could fund Congress&#039;s plan for poor: paper -Seema Chishti', 'subheading' => '', 'description' => '<div align="justify"> -The Indian Express<br /> <br /> <em>Despite having some ability to benefit a section of the economically worse off, the researchers say, it is mostly a &ldquo;political stunt&rdquo; and limited in its ability to tackle income inequality. <br /> <br /> New Delhi: </em>The Congress&rsquo; proposal of Nyay, a monthly payout of Rs 6,000 to the poorest 20 per cent, can be best served with &ldquo;more progressive taxation,&rdquo; which could include a wealth tax on the rich, says the Paris-based World Inequality Lab. And the BJP&rsquo;s 10 per cent quota for the poor in the General Catgeory is a &ldquo;political stunt.&rdquo;<br /> <br /> The institute has released a comparative study of the promises that the BJP and the Congress have made in 2019 to assist the poor as part of their election pitch.<br /> <br /> While the Congress has not shared any details on the plan &mdash; its fiscal implications or its architecture &mdash; a paper by the Paris institute offers several financing options. Estimating the cost of Rs 72,000 annual income guarantee as Rs 2.9 trillion (1.3% of GDP), it says that a 2 per cent tax on total wealth on households owning more than Rs 2.5 crore of wealth (that is the top 0.1% of households) would yield Rs 2.3 trillion or 1.1% of GDP.<br /> <br /> The paper&rsquo;s authors are Nitin Bharti, research fellow, and co-director Lucas Chancel. Chancel is on the institute&rsquo;s executive committee along with French economist Thomas Piketty whose work on inequality has set off widespread debate.<br /> <br /> Asked if the institute helped the Congress formulate the plan, Chancel said: &ldquo;Not directly. We discussed the scheme and shared our results with Abhijit Banerjee (Professor at MIT and Director of the Poverty Action Lab) who has been discussing it with the Congress but we haven&rsquo;t been in direct contact with them.&rdquo;<br /> <br /> Please <a href="https://indianexpress.com/elections/wealth-tax-on-top-rich-could-fund-congresss-plan-for-poor-paper-5644464/?fbclid=IwAR0CUw5asblDEJQPF-937DJv8toZvShMkPFyzfnongF-HKvnu41IU3g7OoQ">click here</a> to read more. </div>', 'credit_writer' => 'The Indian Express, 27 March, 2019, https://indianexpress.com/elections/wealth-tax-on-top-rich-could-fund-congresss-plan-for-poor-paper-5644464/?fbclid=IwAR0CUw5asblDEJQPF-937DJv8toZvShMkPFyzfnongF-HK', 'article_img' => '', 'article_img_thumb' => '', 'status' => (int) 1, 'show_on_home' => (int) 1, 'lang' => 'EN', 'category_id' => (int) 16, 'tag_keyword' => '', 'seo_url' => 'wealth-tax-on-top-rich-could-fund-congress039s-plan-for-poor-paper-seema-chishti-4686848', 'meta_title' => null, 'meta_keywords' => null, 'meta_description' => null, 'noindex' => (int) 0, 'publish_date' => object(Cake\I18n\FrozenDate) {}, 'most_visit_section_id' => null, 'article_big_img' => null, 'liveid' => (int) 4686848, 'created' => object(Cake\I18n\FrozenTime) {}, 'modified' => object(Cake\I18n\FrozenTime) {}, 'edate' => '', 'tags' => [ (int) 0 => object(Cake\ORM\Entity) {}, (int) 1 => object(Cake\ORM\Entity) {}, (int) 2 => object(Cake\ORM\Entity) {}, (int) 3 => object(Cake\ORM\Entity) {}, (int) 4 => object(Cake\ORM\Entity) {} ], 'category' => object(App\Model\Entity\Category) {}, '[new]' => false, '[accessible]' => [ '*' => true, 'id' => false ], '[dirty]' => [], '[original]' => [], '[virtual]' => [], '[hasErrors]' => false, '[errors]' => [], '[invalid]' => [], '[repository]' => 'Articles' } $articleid = (int) 38717 $metaTitle = 'LATEST NEWS UPDATES | Wealth tax on top rich could fund Congress&#039;s plan for poor: paper -Seema Chishti' $metaKeywords = 'Income Support Scheme,Direct Income Support,Minimum Income Guarantee,Nyunatam Aay Yojana,Wealth Tax' $metaDesc = ' -The Indian Express Despite having some ability to benefit a section of the economically worse off, the researchers say, it is mostly a &ldquo;political stunt&rdquo; and limited in its ability to tackle income inequality. New Delhi: The Congress&rsquo; proposal of Nyay,...' $disp = '<div align="justify">-The Indian Express<br /><br /><em>Despite having some ability to benefit a section of the economically worse off, the researchers say, it is mostly a &ldquo;political stunt&rdquo; and limited in its ability to tackle income inequality. <br /><br />New Delhi: </em>The Congress&rsquo; proposal of Nyay, a monthly payout of Rs 6,000 to the poorest 20 per cent, can be best served with &ldquo;more progressive taxation,&rdquo; which could include a wealth tax on the rich, says the Paris-based World Inequality Lab. And the BJP&rsquo;s 10 per cent quota for the poor in the General Catgeory is a &ldquo;political stunt.&rdquo;<br /><br />The institute has released a comparative study of the promises that the BJP and the Congress have made in 2019 to assist the poor as part of their election pitch.<br /><br />While the Congress has not shared any details on the plan &mdash; its fiscal implications or its architecture &mdash; a paper by the Paris institute offers several financing options. Estimating the cost of Rs 72,000 annual income guarantee as Rs 2.9 trillion (1.3% of GDP), it says that a 2 per cent tax on total wealth on households owning more than Rs 2.5 crore of wealth (that is the top 0.1% of households) would yield Rs 2.3 trillion or 1.1% of GDP.<br /><br />The paper&rsquo;s authors are Nitin Bharti, research fellow, and co-director Lucas Chancel. Chancel is on the institute&rsquo;s executive committee along with French economist Thomas Piketty whose work on inequality has set off widespread debate.<br /><br />Asked if the institute helped the Congress formulate the plan, Chancel said: &ldquo;Not directly. We discussed the scheme and shared our results with Abhijit Banerjee (Professor at MIT and Director of the Poverty Action Lab) who has been discussing it with the Congress but we haven&rsquo;t been in direct contact with them.&rdquo;<br /><br />Please <a href="https://indianexpress.com/elections/wealth-tax-on-top-rich-could-fund-congresss-plan-for-poor-paper-5644464/?fbclid=IwAR0CUw5asblDEJQPF-937DJv8toZvShMkPFyzfnongF-HKvnu41IU3g7OoQ" title="https://indianexpress.com/elections/wealth-tax-on-top-rich-could-fund-congresss-plan-for-poor-paper-5644464/?fbclid=IwAR0CUw5asblDEJQPF-937DJv8toZvShMkPFyzfnongF-HKvnu41IU3g7OoQ">click here</a> to read more.</div>' $lang = 'English' $SITE_URL = 'https://im4change.in/' $site_title = 'im4change' $adminprix = 'admin'</pre><pre class="stack-trace">include - APP/Template/Layout/printlayout.ctp, line 8 Cake\View\View::_evaluate() - CORE/src/View/View.php, line 1413 Cake\View\View::_render() - CORE/src/View/View.php, line 1374 Cake\View\View::renderLayout() - CORE/src/View/View.php, line 927 Cake\View\View::render() - CORE/src/View/View.php, line 885 Cake\Controller\Controller::render() - CORE/src/Controller/Controller.php, line 791 Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 126 Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94 Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51</pre></div></pre>latest-news-updates/wealth-tax-on-top-rich-could-fund-congress039s-plan-for-poor-paper-seema-chishti-4686848.html"/> <meta http-equiv="Content-Type" content="text/html; charset=utf-8"/> <link href="https://im4change.in/css/control.css" rel="stylesheet" type="text/css" media="all"/> <title>LATEST NEWS UPDATES | Wealth tax on top rich could fund Congress's plan for poor: paper -Seema Chishti | Im4change.org</title> <meta name="description" content=" -The Indian Express Despite having some ability to benefit a section of the economically worse off, the researchers say, it is mostly a “political stunt” and limited in its ability to tackle income inequality. New Delhi: The Congress’ proposal of Nyay,..."/> <script src="https://im4change.in/js/jquery-1.10.2.js"></script> <script type="text/javascript" src="https://im4change.in/js/jquery-migrate.min.js"></script> <script language="javascript" type="text/javascript"> $(document).ready(function () { var img = $("img")[0]; // Get my img elem var pic_real_width, pic_real_height; $("<img/>") // Make in memory copy of image to avoid css issues .attr("src", $(img).attr("src")) .load(function () { pic_real_width = this.width; // Note: $(this).width() will not pic_real_height = this.height; // work for in memory images. }); }); </script> <style type="text/css"> @media screen { div.divFooter { display: block; } } @media print { .printbutton { display: none !important; } } </style> </head> <body> <table cellpadding="0" cellspacing="0" border="0" width="98%" align="center"> <tr> <td class="top_bg"> <div class="divFooter"> <img src="https://im4change.in/images/logo1.jpg" height="59" border="0" alt="Resource centre on India's rural distress" style="padding-top:14px;"/> </div> </td> </tr> <tr> <td id="topspace"> </td> </tr> <tr id="topspace"> <td> </td> </tr> <tr> <td height="50" style="border-bottom:1px solid #000; padding-top:10px;" class="printbutton"> <form><input type="button" value=" Print this page " onclick="window.print();return false;"/></form> </td> </tr> <tr> <td width="100%"> <h1 class="news_headlines" style="font-style:normal"> <strong>Wealth tax on top rich could fund Congress's plan for poor: paper -Seema Chishti</strong></h1> </td> </tr> <tr> <td width="100%" style="font-family:Arial, 'Segoe Script', 'Segoe UI', sans-serif, serif"><font size="3"> <div align="justify">-The Indian Express<br /><br /><em>Despite having some ability to benefit a section of the economically worse off, the researchers say, it is mostly a “political stunt” and limited in its ability to tackle income inequality. <br /><br />New Delhi: </em>The Congress’ proposal of Nyay, a monthly payout of Rs 6,000 to the poorest 20 per cent, can be best served with “more progressive taxation,” which could include a wealth tax on the rich, says the Paris-based World Inequality Lab. And the BJP’s 10 per cent quota for the poor in the General Catgeory is a “political stunt.”<br /><br />The institute has released a comparative study of the promises that the BJP and the Congress have made in 2019 to assist the poor as part of their election pitch.<br /><br />While the Congress has not shared any details on the plan — its fiscal implications or its architecture — a paper by the Paris institute offers several financing options. Estimating the cost of Rs 72,000 annual income guarantee as Rs 2.9 trillion (1.3% of GDP), it says that a 2 per cent tax on total wealth on households owning more than Rs 2.5 crore of wealth (that is the top 0.1% of households) would yield Rs 2.3 trillion or 1.1% of GDP.<br /><br />The paper’s authors are Nitin Bharti, research fellow, and co-director Lucas Chancel. Chancel is on the institute’s executive committee along with French economist Thomas Piketty whose work on inequality has set off widespread debate.<br /><br />Asked if the institute helped the Congress formulate the plan, Chancel said: “Not directly. We discussed the scheme and shared our results with Abhijit Banerjee (Professor at MIT and Director of the Poverty Action Lab) who has been discussing it with the Congress but we haven’t been in direct contact with them.”<br /><br />Please <a href="https://indianexpress.com/elections/wealth-tax-on-top-rich-could-fund-congresss-plan-for-poor-paper-5644464/?fbclid=IwAR0CUw5asblDEJQPF-937DJv8toZvShMkPFyzfnongF-HKvnu41IU3g7OoQ" title="https://indianexpress.com/elections/wealth-tax-on-top-rich-could-fund-congresss-plan-for-poor-paper-5644464/?fbclid=IwAR0CUw5asblDEJQPF-937DJv8toZvShMkPFyzfnongF-HKvnu41IU3g7OoQ">click here</a> to read more.</div> </font> </td> </tr> <tr> <td> </td> </tr> <tr> <td height="50" style="border-top:1px solid #000; border-bottom:1px solid #000;padding-top:10px;"> <form><input type="button" value=" Print this page " onclick="window.print();return false;"/></form> </td> </tr> </table></body> </html>' } $maxBufferLength = (int) 8192 $file = '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php' $line = (int) 853 $message = 'Unable to emit headers. 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'' : 'none');"><b>Notice</b> (8)</a>: Undefined variable: urlPrefix [<b>APP/Template/Layout/printlayout.ctp</b>, line <b>8</b>]<div id="cakeErr68037d1548e5e-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr68037d1548e5e-code').style.display = (document.getElementById('cakeErr68037d1548e5e-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr68037d1548e5e-context').style.display = (document.getElementById('cakeErr68037d1548e5e-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr68037d1548e5e-code" class="cake-code-dump" style="display: none;"><code><span style="color: #000000"><span style="color: #0000BB"></span><span style="color: #007700"><</span><span style="color: #0000BB">head</span><span style="color: #007700">> </span></span></code> <span class="code-highlight"><code><span style="color: #000000"> <link rel="canonical" href="<span style="color: #0000BB"><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">Configure</span><span style="color: #007700">::</span><span style="color: #0000BB">read</span><span style="color: #007700">(</span><span style="color: #DD0000">'SITE_URL'</span><span style="color: #007700">); </span><span style="color: #0000BB">?><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$urlPrefix</span><span style="color: #007700">;</span><span style="color: #0000BB">?><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-></span><span style="color: #0000BB">category</span><span style="color: #007700">-></span><span style="color: #0000BB">slug</span><span style="color: #007700">; </span><span style="color: #0000BB">?></span>/<span style="color: #0000BB"><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-></span><span style="color: #0000BB">seo_url</span><span style="color: #007700">; </span><span style="color: #0000BB">?></span>.html"/> </span></code></span> <code><span style="color: #000000"><span style="color: #0000BB"> </span><span style="color: #007700"><</span><span style="color: #0000BB">meta http</span><span style="color: #007700">-</span><span style="color: #0000BB">equiv</span><span style="color: #007700">=</span><span style="color: #DD0000">"Content-Type" </span><span style="color: #0000BB">content</span><span style="color: #007700">=</span><span style="color: #DD0000">"text/html; charset=utf-8"</span><span style="color: #007700">/> </span></span></code></pre><pre id="cakeErr68037d1548e5e-context" class="cake-context" style="display: none;">$viewFile = '/home/brlfuser/public_html/src/Template/Layout/printlayout.ctp' $dataForView = [ 'article_current' => object(App\Model\Entity\Article) { 'id' => (int) 38717, 'title' => 'Wealth tax on top rich could fund Congress&#039;s plan for poor: paper -Seema Chishti', 'subheading' => '', 'description' => '<div align="justify"> -The Indian Express<br /> <br /> <em>Despite having some ability to benefit a section of the economically worse off, the researchers say, it is mostly a &ldquo;political stunt&rdquo; and limited in its ability to tackle income inequality. <br /> <br /> New Delhi: </em>The Congress&rsquo; proposal of Nyay, a monthly payout of Rs 6,000 to the poorest 20 per cent, can be best served with &ldquo;more progressive taxation,&rdquo; which could include a wealth tax on the rich, says the Paris-based World Inequality Lab. And the BJP&rsquo;s 10 per cent quota for the poor in the General Catgeory is a &ldquo;political stunt.&rdquo;<br /> <br /> The institute has released a comparative study of the promises that the BJP and the Congress have made in 2019 to assist the poor as part of their election pitch.<br /> <br /> While the Congress has not shared any details on the plan &mdash; its fiscal implications or its architecture &mdash; a paper by the Paris institute offers several financing options. Estimating the cost of Rs 72,000 annual income guarantee as Rs 2.9 trillion (1.3% of GDP), it says that a 2 per cent tax on total wealth on households owning more than Rs 2.5 crore of wealth (that is the top 0.1% of households) would yield Rs 2.3 trillion or 1.1% of GDP.<br /> <br /> The paper&rsquo;s authors are Nitin Bharti, research fellow, and co-director Lucas Chancel. Chancel is on the institute&rsquo;s executive committee along with French economist Thomas Piketty whose work on inequality has set off widespread debate.<br /> <br /> Asked if the institute helped the Congress formulate the plan, Chancel said: &ldquo;Not directly. We discussed the scheme and shared our results with Abhijit Banerjee (Professor at MIT and Director of the Poverty Action Lab) who has been discussing it with the Congress but we haven&rsquo;t been in direct contact with them.&rdquo;<br /> <br /> Please <a href="https://indianexpress.com/elections/wealth-tax-on-top-rich-could-fund-congresss-plan-for-poor-paper-5644464/?fbclid=IwAR0CUw5asblDEJQPF-937DJv8toZvShMkPFyzfnongF-HKvnu41IU3g7OoQ">click here</a> to read more. </div>', 'credit_writer' => 'The Indian Express, 27 March, 2019, https://indianexpress.com/elections/wealth-tax-on-top-rich-could-fund-congresss-plan-for-poor-paper-5644464/?fbclid=IwAR0CUw5asblDEJQPF-937DJv8toZvShMkPFyzfnongF-HK', 'article_img' => '', 'article_img_thumb' => '', 'status' => (int) 1, 'show_on_home' => (int) 1, 'lang' => 'EN', 'category_id' => (int) 16, 'tag_keyword' => '', 'seo_url' => 'wealth-tax-on-top-rich-could-fund-congress039s-plan-for-poor-paper-seema-chishti-4686848', 'meta_title' => null, 'meta_keywords' => null, 'meta_description' => null, 'noindex' => (int) 0, 'publish_date' => object(Cake\I18n\FrozenDate) {}, 'most_visit_section_id' => null, 'article_big_img' => null, 'liveid' => (int) 4686848, 'created' => object(Cake\I18n\FrozenTime) {}, 'modified' => object(Cake\I18n\FrozenTime) {}, 'edate' => '', 'tags' => [ [maximum depth reached] ], 'category' => object(App\Model\Entity\Category) {}, '[new]' => false, '[accessible]' => [ [maximum depth reached] ], '[dirty]' => [[maximum depth reached]], '[original]' => [[maximum depth reached]], '[virtual]' => [[maximum depth reached]], '[hasErrors]' => false, '[errors]' => [[maximum depth reached]], '[invalid]' => [[maximum depth reached]], '[repository]' => 'Articles' }, 'articleid' => (int) 38717, 'metaTitle' => 'LATEST NEWS UPDATES | Wealth tax on top rich could fund Congress&#039;s plan for poor: paper -Seema Chishti', 'metaKeywords' => 'Income Support Scheme,Direct Income Support,Minimum Income Guarantee,Nyunatam Aay Yojana,Wealth Tax', 'metaDesc' => ' -The Indian Express Despite having some ability to benefit a section of the economically worse off, the researchers say, it is mostly a &ldquo;political stunt&rdquo; and limited in its ability to tackle income inequality. New Delhi: The Congress&rsquo; proposal of Nyay,...', 'disp' => '<div align="justify">-The Indian Express<br /><br /><em>Despite having some ability to benefit a section of the economically worse off, the researchers say, it is mostly a &ldquo;political stunt&rdquo; and limited in its ability to tackle income inequality. <br /><br />New Delhi: </em>The Congress&rsquo; proposal of Nyay, a monthly payout of Rs 6,000 to the poorest 20 per cent, can be best served with &ldquo;more progressive taxation,&rdquo; which could include a wealth tax on the rich, says the Paris-based World Inequality Lab. And the BJP&rsquo;s 10 per cent quota for the poor in the General Catgeory is a &ldquo;political stunt.&rdquo;<br /><br />The institute has released a comparative study of the promises that the BJP and the Congress have made in 2019 to assist the poor as part of their election pitch.<br /><br />While the Congress has not shared any details on the plan &mdash; its fiscal implications or its architecture &mdash; a paper by the Paris institute offers several financing options. Estimating the cost of Rs 72,000 annual income guarantee as Rs 2.9 trillion (1.3% of GDP), it says that a 2 per cent tax on total wealth on households owning more than Rs 2.5 crore of wealth (that is the top 0.1% of households) would yield Rs 2.3 trillion or 1.1% of GDP.<br /><br />The paper&rsquo;s authors are Nitin Bharti, research fellow, and co-director Lucas Chancel. Chancel is on the institute&rsquo;s executive committee along with French economist Thomas Piketty whose work on inequality has set off widespread debate.<br /><br />Asked if the institute helped the Congress formulate the plan, Chancel said: &ldquo;Not directly. We discussed the scheme and shared our results with Abhijit Banerjee (Professor at MIT and Director of the Poverty Action Lab) who has been discussing it with the Congress but we haven&rsquo;t been in direct contact with them.&rdquo;<br /><br />Please <a href="https://indianexpress.com/elections/wealth-tax-on-top-rich-could-fund-congresss-plan-for-poor-paper-5644464/?fbclid=IwAR0CUw5asblDEJQPF-937DJv8toZvShMkPFyzfnongF-HKvnu41IU3g7OoQ" title="https://indianexpress.com/elections/wealth-tax-on-top-rich-could-fund-congresss-plan-for-poor-paper-5644464/?fbclid=IwAR0CUw5asblDEJQPF-937DJv8toZvShMkPFyzfnongF-HKvnu41IU3g7OoQ">click here</a> to read more.</div>', 'lang' => 'English', 'SITE_URL' => 'https://im4change.in/', 'site_title' => 'im4change', 'adminprix' => 'admin' ] $article_current = object(App\Model\Entity\Article) { 'id' => (int) 38717, 'title' => 'Wealth tax on top rich could fund Congress&#039;s plan for poor: paper -Seema Chishti', 'subheading' => '', 'description' => '<div align="justify"> -The Indian Express<br /> <br /> <em>Despite having some ability to benefit a section of the economically worse off, the researchers say, it is mostly a &ldquo;political stunt&rdquo; and limited in its ability to tackle income inequality. <br /> <br /> New Delhi: </em>The Congress&rsquo; proposal of Nyay, a monthly payout of Rs 6,000 to the poorest 20 per cent, can be best served with &ldquo;more progressive taxation,&rdquo; which could include a wealth tax on the rich, says the Paris-based World Inequality Lab. And the BJP&rsquo;s 10 per cent quota for the poor in the General Catgeory is a &ldquo;political stunt.&rdquo;<br /> <br /> The institute has released a comparative study of the promises that the BJP and the Congress have made in 2019 to assist the poor as part of their election pitch.<br /> <br /> While the Congress has not shared any details on the plan &mdash; its fiscal implications or its architecture &mdash; a paper by the Paris institute offers several financing options. Estimating the cost of Rs 72,000 annual income guarantee as Rs 2.9 trillion (1.3% of GDP), it says that a 2 per cent tax on total wealth on households owning more than Rs 2.5 crore of wealth (that is the top 0.1% of households) would yield Rs 2.3 trillion or 1.1% of GDP.<br /> <br /> The paper&rsquo;s authors are Nitin Bharti, research fellow, and co-director Lucas Chancel. Chancel is on the institute&rsquo;s executive committee along with French economist Thomas Piketty whose work on inequality has set off widespread debate.<br /> <br /> Asked if the institute helped the Congress formulate the plan, Chancel said: &ldquo;Not directly. We discussed the scheme and shared our results with Abhijit Banerjee (Professor at MIT and Director of the Poverty Action Lab) who has been discussing it with the Congress but we haven&rsquo;t been in direct contact with them.&rdquo;<br /> <br /> Please <a href="https://indianexpress.com/elections/wealth-tax-on-top-rich-could-fund-congresss-plan-for-poor-paper-5644464/?fbclid=IwAR0CUw5asblDEJQPF-937DJv8toZvShMkPFyzfnongF-HKvnu41IU3g7OoQ">click here</a> to read more. </div>', 'credit_writer' => 'The Indian Express, 27 March, 2019, https://indianexpress.com/elections/wealth-tax-on-top-rich-could-fund-congresss-plan-for-poor-paper-5644464/?fbclid=IwAR0CUw5asblDEJQPF-937DJv8toZvShMkPFyzfnongF-HK', 'article_img' => '', 'article_img_thumb' => '', 'status' => (int) 1, 'show_on_home' => (int) 1, 'lang' => 'EN', 'category_id' => (int) 16, 'tag_keyword' => '', 'seo_url' => 'wealth-tax-on-top-rich-could-fund-congress039s-plan-for-poor-paper-seema-chishti-4686848', 'meta_title' => null, 'meta_keywords' => null, 'meta_description' => null, 'noindex' => (int) 0, 'publish_date' => object(Cake\I18n\FrozenDate) {}, 'most_visit_section_id' => null, 'article_big_img' => null, 'liveid' => (int) 4686848, 'created' => object(Cake\I18n\FrozenTime) {}, 'modified' => object(Cake\I18n\FrozenTime) {}, 'edate' => '', 'tags' => [ (int) 0 => object(Cake\ORM\Entity) {}, (int) 1 => object(Cake\ORM\Entity) {}, (int) 2 => object(Cake\ORM\Entity) {}, (int) 3 => object(Cake\ORM\Entity) {}, (int) 4 => object(Cake\ORM\Entity) {} ], 'category' => object(App\Model\Entity\Category) {}, '[new]' => false, '[accessible]' => [ '*' => true, 'id' => false ], '[dirty]' => [], '[original]' => [], '[virtual]' => [], '[hasErrors]' => false, '[errors]' => [], '[invalid]' => [], '[repository]' => 'Articles' } $articleid = (int) 38717 $metaTitle = 'LATEST NEWS UPDATES | Wealth tax on top rich could fund Congress&#039;s plan for poor: paper -Seema Chishti' $metaKeywords = 'Income Support Scheme,Direct Income Support,Minimum Income Guarantee,Nyunatam Aay Yojana,Wealth Tax' $metaDesc = ' -The Indian Express Despite having some ability to benefit a section of the economically worse off, the researchers say, it is mostly a &ldquo;political stunt&rdquo; and limited in its ability to tackle income inequality. New Delhi: The Congress&rsquo; proposal of Nyay,...' $disp = '<div align="justify">-The Indian Express<br /><br /><em>Despite having some ability to benefit a section of the economically worse off, the researchers say, it is mostly a &ldquo;political stunt&rdquo; and limited in its ability to tackle income inequality. <br /><br />New Delhi: </em>The Congress&rsquo; proposal of Nyay, a monthly payout of Rs 6,000 to the poorest 20 per cent, can be best served with &ldquo;more progressive taxation,&rdquo; which could include a wealth tax on the rich, says the Paris-based World Inequality Lab. And the BJP&rsquo;s 10 per cent quota for the poor in the General Catgeory is a &ldquo;political stunt.&rdquo;<br /><br />The institute has released a comparative study of the promises that the BJP and the Congress have made in 2019 to assist the poor as part of their election pitch.<br /><br />While the Congress has not shared any details on the plan &mdash; its fiscal implications or its architecture &mdash; a paper by the Paris institute offers several financing options. Estimating the cost of Rs 72,000 annual income guarantee as Rs 2.9 trillion (1.3% of GDP), it says that a 2 per cent tax on total wealth on households owning more than Rs 2.5 crore of wealth (that is the top 0.1% of households) would yield Rs 2.3 trillion or 1.1% of GDP.<br /><br />The paper&rsquo;s authors are Nitin Bharti, research fellow, and co-director Lucas Chancel. Chancel is on the institute&rsquo;s executive committee along with French economist Thomas Piketty whose work on inequality has set off widespread debate.<br /><br />Asked if the institute helped the Congress formulate the plan, Chancel said: &ldquo;Not directly. We discussed the scheme and shared our results with Abhijit Banerjee (Professor at MIT and Director of the Poverty Action Lab) who has been discussing it with the Congress but we haven&rsquo;t been in direct contact with them.&rdquo;<br /><br />Please <a href="https://indianexpress.com/elections/wealth-tax-on-top-rich-could-fund-congresss-plan-for-poor-paper-5644464/?fbclid=IwAR0CUw5asblDEJQPF-937DJv8toZvShMkPFyzfnongF-HKvnu41IU3g7OoQ" title="https://indianexpress.com/elections/wealth-tax-on-top-rich-could-fund-congresss-plan-for-poor-paper-5644464/?fbclid=IwAR0CUw5asblDEJQPF-937DJv8toZvShMkPFyzfnongF-HKvnu41IU3g7OoQ">click here</a> to read more.</div>' $lang = 'English' $SITE_URL = 'https://im4change.in/' $site_title = 'im4change' $adminprix = 'admin'</pre><pre class="stack-trace">include - APP/Template/Layout/printlayout.ctp, line 8 Cake\View\View::_evaluate() - CORE/src/View/View.php, line 1413 Cake\View\View::_render() - CORE/src/View/View.php, line 1374 Cake\View\View::renderLayout() - CORE/src/View/View.php, line 927 Cake\View\View::render() - CORE/src/View/View.php, line 885 Cake\Controller\Controller::render() - CORE/src/Controller/Controller.php, line 791 Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 126 Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94 Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51</pre></div></pre>latest-news-updates/wealth-tax-on-top-rich-could-fund-congress039s-plan-for-poor-paper-seema-chishti-4686848.html"/> <meta http-equiv="Content-Type" content="text/html; charset=utf-8"/> <link href="https://im4change.in/css/control.css" rel="stylesheet" type="text/css" media="all"/> <title>LATEST NEWS UPDATES | Wealth tax on top rich could fund Congress's plan for poor: paper -Seema Chishti | Im4change.org</title> <meta name="description" content=" -The Indian Express Despite having some ability to benefit a section of the economically worse off, the researchers say, it is mostly a “political stunt” and limited in its ability to tackle income inequality. New Delhi: The Congress’ proposal of Nyay,..."/> <script src="https://im4change.in/js/jquery-1.10.2.js"></script> <script type="text/javascript" src="https://im4change.in/js/jquery-migrate.min.js"></script> <script language="javascript" type="text/javascript"> $(document).ready(function () { var img = $("img")[0]; // Get my img elem var pic_real_width, pic_real_height; $("<img/>") // Make in memory copy of image to avoid css issues .attr("src", $(img).attr("src")) .load(function () { pic_real_width = this.width; // Note: $(this).width() will not pic_real_height = this.height; // work for in memory images. }); }); </script> <style type="text/css"> @media screen { div.divFooter { display: block; } } @media print { .printbutton { display: none !important; } } </style> </head> <body> <table cellpadding="0" cellspacing="0" border="0" width="98%" align="center"> <tr> <td class="top_bg"> <div class="divFooter"> <img src="https://im4change.in/images/logo1.jpg" height="59" border="0" alt="Resource centre on India's rural distress" style="padding-top:14px;"/> </div> </td> </tr> <tr> <td id="topspace"> </td> </tr> <tr id="topspace"> <td> </td> </tr> <tr> <td height="50" style="border-bottom:1px solid #000; padding-top:10px;" class="printbutton"> <form><input type="button" value=" Print this page " onclick="window.print();return false;"/></form> </td> </tr> <tr> <td width="100%"> <h1 class="news_headlines" style="font-style:normal"> <strong>Wealth tax on top rich could fund Congress's plan for poor: paper -Seema Chishti</strong></h1> </td> </tr> <tr> <td width="100%" style="font-family:Arial, 'Segoe Script', 'Segoe UI', sans-serif, serif"><font size="3"> <div align="justify">-The Indian Express<br /><br /><em>Despite having some ability to benefit a section of the economically worse off, the researchers say, it is mostly a “political stunt” and limited in its ability to tackle income inequality. <br /><br />New Delhi: </em>The Congress’ proposal of Nyay, a monthly payout of Rs 6,000 to the poorest 20 per cent, can be best served with “more progressive taxation,” which could include a wealth tax on the rich, says the Paris-based World Inequality Lab. And the BJP’s 10 per cent quota for the poor in the General Catgeory is a “political stunt.”<br /><br />The institute has released a comparative study of the promises that the BJP and the Congress have made in 2019 to assist the poor as part of their election pitch.<br /><br />While the Congress has not shared any details on the plan — its fiscal implications or its architecture — a paper by the Paris institute offers several financing options. Estimating the cost of Rs 72,000 annual income guarantee as Rs 2.9 trillion (1.3% of GDP), it says that a 2 per cent tax on total wealth on households owning more than Rs 2.5 crore of wealth (that is the top 0.1% of households) would yield Rs 2.3 trillion or 1.1% of GDP.<br /><br />The paper’s authors are Nitin Bharti, research fellow, and co-director Lucas Chancel. Chancel is on the institute’s executive committee along with French economist Thomas Piketty whose work on inequality has set off widespread debate.<br /><br />Asked if the institute helped the Congress formulate the plan, Chancel said: “Not directly. We discussed the scheme and shared our results with Abhijit Banerjee (Professor at MIT and Director of the Poverty Action Lab) who has been discussing it with the Congress but we haven’t been in direct contact with them.”<br /><br />Please <a href="https://indianexpress.com/elections/wealth-tax-on-top-rich-could-fund-congresss-plan-for-poor-paper-5644464/?fbclid=IwAR0CUw5asblDEJQPF-937DJv8toZvShMkPFyzfnongF-HKvnu41IU3g7OoQ" title="https://indianexpress.com/elections/wealth-tax-on-top-rich-could-fund-congresss-plan-for-poor-paper-5644464/?fbclid=IwAR0CUw5asblDEJQPF-937DJv8toZvShMkPFyzfnongF-HKvnu41IU3g7OoQ">click here</a> to read more.</div> </font> </td> </tr> <tr> <td> </td> </tr> <tr> <td height="50" style="border-top:1px solid #000; border-bottom:1px solid #000;padding-top:10px;"> <form><input type="button" value=" Print this page " onclick="window.print();return false;"/></form> </td> </tr> </table></body> </html>' } $reasonPhrase = 'OK'header - [internal], line ?? 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'' : 'none');"><b>Notice</b> (8)</a>: Undefined variable: urlPrefix [<b>APP/Template/Layout/printlayout.ctp</b>, line <b>8</b>]<div id="cakeErr68037d1548e5e-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr68037d1548e5e-code').style.display = (document.getElementById('cakeErr68037d1548e5e-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr68037d1548e5e-context').style.display = (document.getElementById('cakeErr68037d1548e5e-context').style.display == 'none' ? 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And the BJP&rsquo;s 10 per cent quota for the poor in the General Catgeory is a &ldquo;political stunt.&rdquo;<br /> <br /> The institute has released a comparative study of the promises that the BJP and the Congress have made in 2019 to assist the poor as part of their election pitch.<br /> <br /> While the Congress has not shared any details on the plan &mdash; its fiscal implications or its architecture &mdash; a paper by the Paris institute offers several financing options. Estimating the cost of Rs 72,000 annual income guarantee as Rs 2.9 trillion (1.3% of GDP), it says that a 2 per cent tax on total wealth on households owning more than Rs 2.5 crore of wealth (that is the top 0.1% of households) would yield Rs 2.3 trillion or 1.1% of GDP.<br /> <br /> The paper&rsquo;s authors are Nitin Bharti, research fellow, and co-director Lucas Chancel. Chancel is on the institute&rsquo;s executive committee along with French economist Thomas Piketty whose work on inequality has set off widespread debate.<br /> <br /> Asked if the institute helped the Congress formulate the plan, Chancel said: &ldquo;Not directly. We discussed the scheme and shared our results with Abhijit Banerjee (Professor at MIT and Director of the Poverty Action Lab) who has been discussing it with the Congress but we haven&rsquo;t been in direct contact with them.&rdquo;<br /> <br /> Please <a href="https://indianexpress.com/elections/wealth-tax-on-top-rich-could-fund-congresss-plan-for-poor-paper-5644464/?fbclid=IwAR0CUw5asblDEJQPF-937DJv8toZvShMkPFyzfnongF-HKvnu41IU3g7OoQ">click here</a> to read more. </div>', 'credit_writer' => 'The Indian Express, 27 March, 2019, https://indianexpress.com/elections/wealth-tax-on-top-rich-could-fund-congresss-plan-for-poor-paper-5644464/?fbclid=IwAR0CUw5asblDEJQPF-937DJv8toZvShMkPFyzfnongF-HK', 'article_img' => '', 'article_img_thumb' => '', 'status' => (int) 1, 'show_on_home' => (int) 1, 'lang' => 'EN', 'category_id' => (int) 16, 'tag_keyword' => '', 'seo_url' => 'wealth-tax-on-top-rich-could-fund-congress039s-plan-for-poor-paper-seema-chishti-4686848', 'meta_title' => null, 'meta_keywords' => null, 'meta_description' => null, 'noindex' => (int) 0, 'publish_date' => object(Cake\I18n\FrozenDate) {}, 'most_visit_section_id' => null, 'article_big_img' => null, 'liveid' => (int) 4686848, 'created' => object(Cake\I18n\FrozenTime) {}, 'modified' => object(Cake\I18n\FrozenTime) {}, 'edate' => '', 'tags' => [ [maximum depth reached] ], 'category' => object(App\Model\Entity\Category) {}, '[new]' => false, '[accessible]' => [ [maximum depth reached] ], '[dirty]' => [[maximum depth reached]], '[original]' => [[maximum depth reached]], '[virtual]' => [[maximum depth reached]], '[hasErrors]' => false, '[errors]' => [[maximum depth reached]], '[invalid]' => [[maximum depth reached]], '[repository]' => 'Articles' }, 'articleid' => (int) 38717, 'metaTitle' => 'LATEST NEWS UPDATES | Wealth tax on top rich could fund Congress&#039;s plan for poor: paper -Seema Chishti', 'metaKeywords' => 'Income Support Scheme,Direct Income Support,Minimum Income Guarantee,Nyunatam Aay Yojana,Wealth Tax', 'metaDesc' => ' -The Indian Express Despite having some ability to benefit a section of the economically worse off, the researchers say, it is mostly a &ldquo;political stunt&rdquo; and limited in its ability to tackle income inequality. 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And the BJP&rsquo;s 10 per cent quota for the poor in the General Catgeory is a &ldquo;political stunt.&rdquo;<br /><br />The institute has released a comparative study of the promises that the BJP and the Congress have made in 2019 to assist the poor as part of their election pitch.<br /><br />While the Congress has not shared any details on the plan &mdash; its fiscal implications or its architecture &mdash; a paper by the Paris institute offers several financing options. Estimating the cost of Rs 72,000 annual income guarantee as Rs 2.9 trillion (1.3% of GDP), it says that a 2 per cent tax on total wealth on households owning more than Rs 2.5 crore of wealth (that is the top 0.1% of households) would yield Rs 2.3 trillion or 1.1% of GDP.<br /><br />The paper&rsquo;s authors are Nitin Bharti, research fellow, and co-director Lucas Chancel. Chancel is on the institute&rsquo;s executive committee along with French economist Thomas Piketty whose work on inequality has set off widespread debate.<br /><br />Asked if the institute helped the Congress formulate the plan, Chancel said: &ldquo;Not directly. We discussed the scheme and shared our results with Abhijit Banerjee (Professor at MIT and Director of the Poverty Action Lab) who has been discussing it with the Congress but we haven&rsquo;t been in direct contact with them.&rdquo;<br /><br />Please <a href="https://indianexpress.com/elections/wealth-tax-on-top-rich-could-fund-congresss-plan-for-poor-paper-5644464/?fbclid=IwAR0CUw5asblDEJQPF-937DJv8toZvShMkPFyzfnongF-HKvnu41IU3g7OoQ" title="https://indianexpress.com/elections/wealth-tax-on-top-rich-could-fund-congresss-plan-for-poor-paper-5644464/?fbclid=IwAR0CUw5asblDEJQPF-937DJv8toZvShMkPFyzfnongF-HKvnu41IU3g7OoQ">click here</a> to read more.</div>', 'lang' => 'English', 'SITE_URL' => 'https://im4change.in/', 'site_title' => 'im4change', 'adminprix' => 'admin' ] $article_current = object(App\Model\Entity\Article) { 'id' => (int) 38717, 'title' => 'Wealth tax on top rich could fund Congress&#039;s plan for poor: paper -Seema Chishti', 'subheading' => '', 'description' => '<div align="justify"> -The Indian Express<br /> <br /> <em>Despite having some ability to benefit a section of the economically worse off, the researchers say, it is mostly a &ldquo;political stunt&rdquo; and limited in its ability to tackle income inequality. <br /> <br /> New Delhi: </em>The Congress&rsquo; proposal of Nyay, a monthly payout of Rs 6,000 to the poorest 20 per cent, can be best served with &ldquo;more progressive taxation,&rdquo; which could include a wealth tax on the rich, says the Paris-based World Inequality Lab. And the BJP&rsquo;s 10 per cent quota for the poor in the General Catgeory is a &ldquo;political stunt.&rdquo;<br /> <br /> The institute has released a comparative study of the promises that the BJP and the Congress have made in 2019 to assist the poor as part of their election pitch.<br /> <br /> While the Congress has not shared any details on the plan &mdash; its fiscal implications or its architecture &mdash; a paper by the Paris institute offers several financing options. Estimating the cost of Rs 72,000 annual income guarantee as Rs 2.9 trillion (1.3% of GDP), it says that a 2 per cent tax on total wealth on households owning more than Rs 2.5 crore of wealth (that is the top 0.1% of households) would yield Rs 2.3 trillion or 1.1% of GDP.<br /> <br /> The paper&rsquo;s authors are Nitin Bharti, research fellow, and co-director Lucas Chancel. Chancel is on the institute&rsquo;s executive committee along with French economist Thomas Piketty whose work on inequality has set off widespread debate.<br /> <br /> Asked if the institute helped the Congress formulate the plan, Chancel said: &ldquo;Not directly. We discussed the scheme and shared our results with Abhijit Banerjee (Professor at MIT and Director of the Poverty Action Lab) who has been discussing it with the Congress but we haven&rsquo;t been in direct contact with them.&rdquo;<br /> <br /> Please <a href="https://indianexpress.com/elections/wealth-tax-on-top-rich-could-fund-congresss-plan-for-poor-paper-5644464/?fbclid=IwAR0CUw5asblDEJQPF-937DJv8toZvShMkPFyzfnongF-HKvnu41IU3g7OoQ">click here</a> to read more. </div>', 'credit_writer' => 'The Indian Express, 27 March, 2019, https://indianexpress.com/elections/wealth-tax-on-top-rich-could-fund-congresss-plan-for-poor-paper-5644464/?fbclid=IwAR0CUw5asblDEJQPF-937DJv8toZvShMkPFyzfnongF-HK', 'article_img' => '', 'article_img_thumb' => '', 'status' => (int) 1, 'show_on_home' => (int) 1, 'lang' => 'EN', 'category_id' => (int) 16, 'tag_keyword' => '', 'seo_url' => 'wealth-tax-on-top-rich-could-fund-congress039s-plan-for-poor-paper-seema-chishti-4686848', 'meta_title' => null, 'meta_keywords' => null, 'meta_description' => null, 'noindex' => (int) 0, 'publish_date' => object(Cake\I18n\FrozenDate) {}, 'most_visit_section_id' => null, 'article_big_img' => null, 'liveid' => (int) 4686848, 'created' => object(Cake\I18n\FrozenTime) {}, 'modified' => object(Cake\I18n\FrozenTime) {}, 'edate' => '', 'tags' => [ (int) 0 => object(Cake\ORM\Entity) {}, (int) 1 => object(Cake\ORM\Entity) {}, (int) 2 => object(Cake\ORM\Entity) {}, (int) 3 => object(Cake\ORM\Entity) {}, (int) 4 => object(Cake\ORM\Entity) {} ], 'category' => object(App\Model\Entity\Category) {}, '[new]' => false, '[accessible]' => [ '*' => true, 'id' => false ], '[dirty]' => [], '[original]' => [], '[virtual]' => [], '[hasErrors]' => false, '[errors]' => [], '[invalid]' => [], '[repository]' => 'Articles' } $articleid = (int) 38717 $metaTitle = 'LATEST NEWS UPDATES | Wealth tax on top rich could fund Congress&#039;s plan for poor: paper -Seema Chishti' $metaKeywords = 'Income Support Scheme,Direct Income Support,Minimum Income Guarantee,Nyunatam Aay Yojana,Wealth Tax' $metaDesc = ' -The Indian Express Despite having some ability to benefit a section of the economically worse off, the researchers say, it is mostly a &ldquo;political stunt&rdquo; and limited in its ability to tackle income inequality. New Delhi: The Congress&rsquo; proposal of Nyay,...' $disp = '<div align="justify">-The Indian Express<br /><br /><em>Despite having some ability to benefit a section of the economically worse off, the researchers say, it is mostly a &ldquo;political stunt&rdquo; and limited in its ability to tackle income inequality. <br /><br />New Delhi: </em>The Congress&rsquo; proposal of Nyay, a monthly payout of Rs 6,000 to the poorest 20 per cent, can be best served with &ldquo;more progressive taxation,&rdquo; which could include a wealth tax on the rich, says the Paris-based World Inequality Lab. And the BJP&rsquo;s 10 per cent quota for the poor in the General Catgeory is a &ldquo;political stunt.&rdquo;<br /><br />The institute has released a comparative study of the promises that the BJP and the Congress have made in 2019 to assist the poor as part of their election pitch.<br /><br />While the Congress has not shared any details on the plan &mdash; its fiscal implications or its architecture &mdash; a paper by the Paris institute offers several financing options. Estimating the cost of Rs 72,000 annual income guarantee as Rs 2.9 trillion (1.3% of GDP), it says that a 2 per cent tax on total wealth on households owning more than Rs 2.5 crore of wealth (that is the top 0.1% of households) would yield Rs 2.3 trillion or 1.1% of GDP.<br /><br />The paper&rsquo;s authors are Nitin Bharti, research fellow, and co-director Lucas Chancel. Chancel is on the institute&rsquo;s executive committee along with French economist Thomas Piketty whose work on inequality has set off widespread debate.<br /><br />Asked if the institute helped the Congress formulate the plan, Chancel said: &ldquo;Not directly. We discussed the scheme and shared our results with Abhijit Banerjee (Professor at MIT and Director of the Poverty Action Lab) who has been discussing it with the Congress but we haven&rsquo;t been in direct contact with them.&rdquo;<br /><br />Please <a href="https://indianexpress.com/elections/wealth-tax-on-top-rich-could-fund-congresss-plan-for-poor-paper-5644464/?fbclid=IwAR0CUw5asblDEJQPF-937DJv8toZvShMkPFyzfnongF-HKvnu41IU3g7OoQ" title="https://indianexpress.com/elections/wealth-tax-on-top-rich-could-fund-congresss-plan-for-poor-paper-5644464/?fbclid=IwAR0CUw5asblDEJQPF-937DJv8toZvShMkPFyzfnongF-HKvnu41IU3g7OoQ">click here</a> to read more.</div>' $lang = 'English' $SITE_URL = 'https://im4change.in/' $site_title = 'im4change' $adminprix = 'admin'</pre><pre class="stack-trace">include - APP/Template/Layout/printlayout.ctp, line 8 Cake\View\View::_evaluate() - CORE/src/View/View.php, line 1413 Cake\View\View::_render() - CORE/src/View/View.php, line 1374 Cake\View\View::renderLayout() - CORE/src/View/View.php, line 927 Cake\View\View::render() - CORE/src/View/View.php, line 885 Cake\Controller\Controller::render() - CORE/src/Controller/Controller.php, line 791 Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 126 Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94 Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51</pre></div></pre>latest-news-updates/wealth-tax-on-top-rich-could-fund-congress039s-plan-for-poor-paper-seema-chishti-4686848.html"/> <meta http-equiv="Content-Type" content="text/html; charset=utf-8"/> <link href="https://im4change.in/css/control.css" rel="stylesheet" type="text/css" media="all"/> <title>LATEST NEWS UPDATES | Wealth tax on top rich could fund Congress's plan for poor: paper -Seema Chishti | Im4change.org</title> <meta name="description" content=" -The Indian Express Despite having some ability to benefit a section of the economically worse off, the researchers say, it is mostly a “political stunt” and limited in its ability to tackle income inequality. New Delhi: The Congress’ proposal of Nyay,..."/> <script src="https://im4change.in/js/jquery-1.10.2.js"></script> <script type="text/javascript" src="https://im4change.in/js/jquery-migrate.min.js"></script> <script language="javascript" type="text/javascript"> $(document).ready(function () { var img = $("img")[0]; // Get my img elem var pic_real_width, pic_real_height; $("<img/>") // Make in memory copy of image to avoid css issues .attr("src", $(img).attr("src")) .load(function () { pic_real_width = this.width; // Note: $(this).width() will not pic_real_height = this.height; // work for in memory images. }); }); </script> <style type="text/css"> @media screen { div.divFooter { display: block; } } @media print { .printbutton { display: none !important; } } </style> </head> <body> <table cellpadding="0" cellspacing="0" border="0" width="98%" align="center"> <tr> <td class="top_bg"> <div class="divFooter"> <img src="https://im4change.in/images/logo1.jpg" height="59" border="0" alt="Resource centre on India's rural distress" style="padding-top:14px;"/> </div> </td> </tr> <tr> <td id="topspace"> </td> </tr> <tr id="topspace"> <td> </td> </tr> <tr> <td height="50" style="border-bottom:1px solid #000; padding-top:10px;" class="printbutton"> <form><input type="button" value=" Print this page " onclick="window.print();return false;"/></form> </td> </tr> <tr> <td width="100%"> <h1 class="news_headlines" style="font-style:normal"> <strong>Wealth tax on top rich could fund Congress's plan for poor: paper -Seema Chishti</strong></h1> </td> </tr> <tr> <td width="100%" style="font-family:Arial, 'Segoe Script', 'Segoe UI', sans-serif, serif"><font size="3"> <div align="justify">-The Indian Express<br /><br /><em>Despite having some ability to benefit a section of the economically worse off, the researchers say, it is mostly a “political stunt” and limited in its ability to tackle income inequality. <br /><br />New Delhi: </em>The Congress’ proposal of Nyay, a monthly payout of Rs 6,000 to the poorest 20 per cent, can be best served with “more progressive taxation,” which could include a wealth tax on the rich, says the Paris-based World Inequality Lab. And the BJP’s 10 per cent quota for the poor in the General Catgeory is a “political stunt.”<br /><br />The institute has released a comparative study of the promises that the BJP and the Congress have made in 2019 to assist the poor as part of their election pitch.<br /><br />While the Congress has not shared any details on the plan — its fiscal implications or its architecture — a paper by the Paris institute offers several financing options. Estimating the cost of Rs 72,000 annual income guarantee as Rs 2.9 trillion (1.3% of GDP), it says that a 2 per cent tax on total wealth on households owning more than Rs 2.5 crore of wealth (that is the top 0.1% of households) would yield Rs 2.3 trillion or 1.1% of GDP.<br /><br />The paper’s authors are Nitin Bharti, research fellow, and co-director Lucas Chancel. Chancel is on the institute’s executive committee along with French economist Thomas Piketty whose work on inequality has set off widespread debate.<br /><br />Asked if the institute helped the Congress formulate the plan, Chancel said: “Not directly. We discussed the scheme and shared our results with Abhijit Banerjee (Professor at MIT and Director of the Poverty Action Lab) who has been discussing it with the Congress but we haven’t been in direct contact with them.”<br /><br />Please <a href="https://indianexpress.com/elections/wealth-tax-on-top-rich-could-fund-congresss-plan-for-poor-paper-5644464/?fbclid=IwAR0CUw5asblDEJQPF-937DJv8toZvShMkPFyzfnongF-HKvnu41IU3g7OoQ" title="https://indianexpress.com/elections/wealth-tax-on-top-rich-could-fund-congresss-plan-for-poor-paper-5644464/?fbclid=IwAR0CUw5asblDEJQPF-937DJv8toZvShMkPFyzfnongF-HKvnu41IU3g7OoQ">click here</a> to read more.</div> </font> </td> </tr> <tr> <td> </td> </tr> <tr> <td height="50" style="border-top:1px solid #000; border-bottom:1px solid #000;padding-top:10px;"> <form><input type="button" value=" Print this page " onclick="window.print();return false;"/></form> </td> </tr> </table></body> </html>' } $cookies = [] $values = [ (int) 0 => 'text/html; charset=UTF-8' ] $name = 'Content-Type' $first = true $value = 'text/html; charset=UTF-8'header - [internal], line ?? 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Chancel is on the institute’s executive committee along with French economist Thomas Piketty whose work on inequality has set off widespread debate.<br /> <br /> Asked if the institute helped the Congress formulate the plan, Chancel said: “Not directly. We discussed the scheme and shared our results with Abhijit Banerjee (Professor at MIT and Director of the Poverty Action Lab) who has been discussing it with the Congress but we haven’t been in direct contact with them.”<br /> <br /> Please <a href="https://indianexpress.com/elections/wealth-tax-on-top-rich-could-fund-congresss-plan-for-poor-paper-5644464/?fbclid=IwAR0CUw5asblDEJQPF-937DJv8toZvShMkPFyzfnongF-HKvnu41IU3g7OoQ">click here</a> to read more. </div>', 'credit_writer' => 'The Indian Express, 27 March, 2019, https://indianexpress.com/elections/wealth-tax-on-top-rich-could-fund-congresss-plan-for-poor-paper-5644464/?fbclid=IwAR0CUw5asblDEJQPF-937DJv8toZvShMkPFyzfnongF-HK', 'article_img' => '', 'article_img_thumb' => '', 'status' => (int) 1, 'show_on_home' => (int) 1, 'lang' => 'EN', 'category_id' => (int) 16, 'tag_keyword' => '', 'seo_url' => 'wealth-tax-on-top-rich-could-fund-congress039s-plan-for-poor-paper-seema-chishti-4686848', 'meta_title' => null, 'meta_keywords' => null, 'meta_description' => null, 'noindex' => (int) 0, 'publish_date' => object(Cake\I18n\FrozenDate) {}, 'most_visit_section_id' => null, 'article_big_img' => null, 'liveid' => (int) 4686848, 'created' => object(Cake\I18n\FrozenTime) {}, 'modified' => object(Cake\I18n\FrozenTime) {}, 'edate' => '', 'tags' => [ [maximum depth reached] ], 'category' => object(App\Model\Entity\Category) {}, '[new]' => false, '[accessible]' => [ [maximum depth reached] ], '[dirty]' => [[maximum depth reached]], '[original]' => [[maximum depth reached]], '[virtual]' => [[maximum depth reached]], '[hasErrors]' => false, '[errors]' => [[maximum depth reached]], '[invalid]' => [[maximum depth reached]], '[repository]' => 'Articles' }, 'articleid' => (int) 38717, 'metaTitle' => 'LATEST NEWS UPDATES | Wealth tax on top rich could fund Congress's plan for poor: paper -Seema Chishti', 'metaKeywords' => 'Income Support Scheme,Direct Income Support,Minimum Income Guarantee,Nyunatam Aay Yojana,Wealth Tax', 'metaDesc' => ' -The Indian Express Despite having some ability to benefit a section of the economically worse off, the researchers say, it is mostly a “political stunt” and limited in its ability to tackle income inequality. New Delhi: The Congress’ proposal of Nyay,...', 'disp' => '<div align="justify">-The Indian Express<br /><br /><em>Despite having some ability to benefit a section of the economically worse off, the researchers say, it is mostly a “political stunt” and limited in its ability to tackle income inequality. <br /><br />New Delhi: </em>The Congress’ proposal of Nyay, a monthly payout of Rs 6,000 to the poorest 20 per cent, can be best served with “more progressive taxation,” which could include a wealth tax on the rich, says the Paris-based World Inequality Lab. And the BJP’s 10 per cent quota for the poor in the General Catgeory is a “political stunt.”<br /><br />The institute has released a comparative study of the promises that the BJP and the Congress have made in 2019 to assist the poor as part of their election pitch.<br /><br />While the Congress has not shared any details on the plan — its fiscal implications or its architecture — a paper by the Paris institute offers several financing options. Estimating the cost of Rs 72,000 annual income guarantee as Rs 2.9 trillion (1.3% of GDP), it says that a 2 per cent tax on total wealth on households owning more than Rs 2.5 crore of wealth (that is the top 0.1% of households) would yield Rs 2.3 trillion or 1.1% of GDP.<br /><br />The paper’s authors are Nitin Bharti, research fellow, and co-director Lucas Chancel. Chancel is on the institute’s executive committee along with French economist Thomas Piketty whose work on inequality has set off widespread debate.<br /><br />Asked if the institute helped the Congress formulate the plan, Chancel said: “Not directly. We discussed the scheme and shared our results with Abhijit Banerjee (Professor at MIT and Director of the Poverty Action Lab) who has been discussing it with the Congress but we haven’t been in direct contact with them.”<br /><br />Please <a href="https://indianexpress.com/elections/wealth-tax-on-top-rich-could-fund-congresss-plan-for-poor-paper-5644464/?fbclid=IwAR0CUw5asblDEJQPF-937DJv8toZvShMkPFyzfnongF-HKvnu41IU3g7OoQ" title="https://indianexpress.com/elections/wealth-tax-on-top-rich-could-fund-congresss-plan-for-poor-paper-5644464/?fbclid=IwAR0CUw5asblDEJQPF-937DJv8toZvShMkPFyzfnongF-HKvnu41IU3g7OoQ">click here</a> to read more.</div>', 'lang' => 'English', 'SITE_URL' => 'https://im4change.in/', 'site_title' => 'im4change', 'adminprix' => 'admin' ] $article_current = object(App\Model\Entity\Article) { 'id' => (int) 38717, 'title' => 'Wealth tax on top rich could fund Congress's plan for poor: paper -Seema Chishti', 'subheading' => '', 'description' => '<div align="justify"> -The Indian Express<br /> <br /> <em>Despite having some ability to benefit a section of the economically worse off, the researchers say, it is mostly a “political stunt” and limited in its ability to tackle income inequality. <br /> <br /> New Delhi: </em>The Congress’ proposal of Nyay, a monthly payout of Rs 6,000 to the poorest 20 per cent, can be best served with “more progressive taxation,” which could include a wealth tax on the rich, says the Paris-based World Inequality Lab. And the BJP’s 10 per cent quota for the poor in the General Catgeory is a “political stunt.”<br /> <br /> The institute has released a comparative study of the promises that the BJP and the Congress have made in 2019 to assist the poor as part of their election pitch.<br /> <br /> While the Congress has not shared any details on the plan — its fiscal implications or its architecture — a paper by the Paris institute offers several financing options. Estimating the cost of Rs 72,000 annual income guarantee as Rs 2.9 trillion (1.3% of GDP), it says that a 2 per cent tax on total wealth on households owning more than Rs 2.5 crore of wealth (that is the top 0.1% of households) would yield Rs 2.3 trillion or 1.1% of GDP.<br /> <br /> The paper’s authors are Nitin Bharti, research fellow, and co-director Lucas Chancel. Chancel is on the institute’s executive committee along with French economist Thomas Piketty whose work on inequality has set off widespread debate.<br /> <br /> Asked if the institute helped the Congress formulate the plan, Chancel said: “Not directly. We discussed the scheme and shared our results with Abhijit Banerjee (Professor at MIT and Director of the Poverty Action Lab) who has been discussing it with the Congress but we haven’t been in direct contact with them.”<br /> <br /> Please <a href="https://indianexpress.com/elections/wealth-tax-on-top-rich-could-fund-congresss-plan-for-poor-paper-5644464/?fbclid=IwAR0CUw5asblDEJQPF-937DJv8toZvShMkPFyzfnongF-HKvnu41IU3g7OoQ">click here</a> to read more. </div>', 'credit_writer' => 'The Indian Express, 27 March, 2019, https://indianexpress.com/elections/wealth-tax-on-top-rich-could-fund-congresss-plan-for-poor-paper-5644464/?fbclid=IwAR0CUw5asblDEJQPF-937DJv8toZvShMkPFyzfnongF-HK', 'article_img' => '', 'article_img_thumb' => '', 'status' => (int) 1, 'show_on_home' => (int) 1, 'lang' => 'EN', 'category_id' => (int) 16, 'tag_keyword' => '', 'seo_url' => 'wealth-tax-on-top-rich-could-fund-congress039s-plan-for-poor-paper-seema-chishti-4686848', 'meta_title' => null, 'meta_keywords' => null, 'meta_description' => null, 'noindex' => (int) 0, 'publish_date' => object(Cake\I18n\FrozenDate) {}, 'most_visit_section_id' => null, 'article_big_img' => null, 'liveid' => (int) 4686848, 'created' => object(Cake\I18n\FrozenTime) {}, 'modified' => object(Cake\I18n\FrozenTime) {}, 'edate' => '', 'tags' => [ (int) 0 => object(Cake\ORM\Entity) {}, (int) 1 => object(Cake\ORM\Entity) {}, (int) 2 => object(Cake\ORM\Entity) {}, (int) 3 => object(Cake\ORM\Entity) {}, (int) 4 => object(Cake\ORM\Entity) {} ], 'category' => object(App\Model\Entity\Category) {}, '[new]' => false, '[accessible]' => [ '*' => true, 'id' => false ], '[dirty]' => [], '[original]' => [], '[virtual]' => [], '[hasErrors]' => false, '[errors]' => [], '[invalid]' => [], '[repository]' => 'Articles' } $articleid = (int) 38717 $metaTitle = 'LATEST NEWS UPDATES | Wealth tax on top rich could fund Congress's plan for poor: paper -Seema Chishti' $metaKeywords = 'Income Support Scheme,Direct Income Support,Minimum Income Guarantee,Nyunatam Aay Yojana,Wealth Tax' $metaDesc = ' -The Indian Express Despite having some ability to benefit a section of the economically worse off, the researchers say, it is mostly a “political stunt” and limited in its ability to tackle income inequality. New Delhi: The Congress’ proposal of Nyay,...' $disp = '<div align="justify">-The Indian Express<br /><br /><em>Despite having some ability to benefit a section of the economically worse off, the researchers say, it is mostly a “political stunt” and limited in its ability to tackle income inequality. <br /><br />New Delhi: </em>The Congress’ proposal of Nyay, a monthly payout of Rs 6,000 to the poorest 20 per cent, can be best served with “more progressive taxation,” which could include a wealth tax on the rich, says the Paris-based World Inequality Lab. And the BJP’s 10 per cent quota for the poor in the General Catgeory is a “political stunt.”<br /><br />The institute has released a comparative study of the promises that the BJP and the Congress have made in 2019 to assist the poor as part of their election pitch.<br /><br />While the Congress has not shared any details on the plan — its fiscal implications or its architecture — a paper by the Paris institute offers several financing options. Estimating the cost of Rs 72,000 annual income guarantee as Rs 2.9 trillion (1.3% of GDP), it says that a 2 per cent tax on total wealth on households owning more than Rs 2.5 crore of wealth (that is the top 0.1% of households) would yield Rs 2.3 trillion or 1.1% of GDP.<br /><br />The paper’s authors are Nitin Bharti, research fellow, and co-director Lucas Chancel. Chancel is on the institute’s executive committee along with French economist Thomas Piketty whose work on inequality has set off widespread debate.<br /><br />Asked if the institute helped the Congress formulate the plan, Chancel said: “Not directly. We discussed the scheme and shared our results with Abhijit Banerjee (Professor at MIT and Director of the Poverty Action Lab) who has been discussing it with the Congress but we haven’t been in direct contact with them.”<br /><br />Please <a href="https://indianexpress.com/elections/wealth-tax-on-top-rich-could-fund-congresss-plan-for-poor-paper-5644464/?fbclid=IwAR0CUw5asblDEJQPF-937DJv8toZvShMkPFyzfnongF-HKvnu41IU3g7OoQ" title="https://indianexpress.com/elections/wealth-tax-on-top-rich-could-fund-congresss-plan-for-poor-paper-5644464/?fbclid=IwAR0CUw5asblDEJQPF-937DJv8toZvShMkPFyzfnongF-HKvnu41IU3g7OoQ">click here</a> to read more.</div>' $lang = 'English' $SITE_URL = 'https://im4change.in/' $site_title = 'im4change' $adminprix = 'admin'
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Wealth tax on top rich could fund Congress's plan for poor: paper -Seema Chishti |
-The Indian Express
Despite having some ability to benefit a section of the economically worse off, the researchers say, it is mostly a “political stunt” and limited in its ability to tackle income inequality. New Delhi: The Congress’ proposal of Nyay, a monthly payout of Rs 6,000 to the poorest 20 per cent, can be best served with “more progressive taxation,” which could include a wealth tax on the rich, says the Paris-based World Inequality Lab. And the BJP’s 10 per cent quota for the poor in the General Catgeory is a “political stunt.” The institute has released a comparative study of the promises that the BJP and the Congress have made in 2019 to assist the poor as part of their election pitch. While the Congress has not shared any details on the plan — its fiscal implications or its architecture — a paper by the Paris institute offers several financing options. Estimating the cost of Rs 72,000 annual income guarantee as Rs 2.9 trillion (1.3% of GDP), it says that a 2 per cent tax on total wealth on households owning more than Rs 2.5 crore of wealth (that is the top 0.1% of households) would yield Rs 2.3 trillion or 1.1% of GDP. The paper’s authors are Nitin Bharti, research fellow, and co-director Lucas Chancel. Chancel is on the institute’s executive committee along with French economist Thomas Piketty whose work on inequality has set off widespread debate. Asked if the institute helped the Congress formulate the plan, Chancel said: “Not directly. We discussed the scheme and shared our results with Abhijit Banerjee (Professor at MIT and Director of the Poverty Action Lab) who has been discussing it with the Congress but we haven’t been in direct contact with them.” Please click here to read more. |