India’s Chief Economic Adviser, V Anantha Nageswaran, cautioned against a “billionaire tax,” arguing it could deter investment. He emphasized equality of access and opportunity over outcome equality, citing India’s poverty reduction success. Nageswaran questioned economist Thomas Piketty’s findings on wealth concentration, highlighting increased share ownership in smaller towns and a narrowing gap between top companies and others.
‘Billionaire tax’ may drive away capital, warns CEA
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