Business / India richest 1 percent people have 40 percent of country total wealth said Oxfam report

Oxfam Report: The gap between rich and poor in India has increased even more. Information about this has been given by issuing a report on behalf of Oxfam. At present, 1% of the richest people in India have more than 40% of the total wealth of the country. On the other hand, the bottom 50 percent of the population has only 3 percent of the total wealth.

Report released in WEF's annual meeting

Oxfam International has given this information in its annual inequality report on Monday, the first day of the annual meeting of the World Economic Forum. According to the report, imposing a five per cent tax on the ten richest people in India could provide enough money to get children back to school.

1.79 lakh can be collected only by imposing tax on Adani

The report states that Rs 1.79 lakh crore can be raised by imposing a one-time tax on the profits received by billionaire Gautam Adani alone between 2017-2021, which is enough to provide employment to more than 50 lakh Indian primary school teachers for a year. is sufficient.

Billionaires should be taxed at 2%!

Titled 'Survival of the Richest', the report further states that if a one-time tax of 2 per cent is imposed on the entire wealth of India's billionaires, it would raise Rs 40,423 crore to feed the malnourished people in the country over the next three years. need can be met.

Big disclosure in the report

According to the report, the amount received from the imposition of a one-time tax of five per cent (Rs 1.37 lakh crore) on the country's 10 richest billionaires is 1.5 times more than the budget of the Ministry of Health and Family Welfare (Rs 86,200 crore) and the Ministry of AYUSH for 2022-23 Is. On the issue of gender inequality, the report said that women workers get only 63 paise for every rupee earned by a male worker.

There is a difference in the remuneration received by the Scheduled Castes.

Similarly, there is a difference in the remuneration received by Scheduled Castes and rural workers. Scheduled castes get 55 percent and rural laborers get 50 percent of the wages compared to the wages received by the advanced social class.

2.5 percent tax on top-100 billionaires

Oxfam said that a 2.5 per cent tax on the top-100 Indian billionaires or a five per cent tax on the top 10 Indian billionaires would provide almost the entire amount needed to get children back to school. Oxfam said the report is a mix of qualitative and quantitative information to ascertain the impact of inequality in India.

poor are paying more tax

Amitabh Behar, CEO of Oxfam India, has said that the country's marginalized people - Dalits, Adivasis, Muslims, women and workers in the informal sector - are suffering from a vicious cycle that ensures the survival of the richest. He has said that the poor are paying more taxes. are spending more on essential goods and services than the rich. Time has come to tax the rich and ensure that they pay their fair share.

The wealth of the rich is increasing rapidly

Oxfam said that the richest 1 percent globally have acquired almost double the wealth of the rest of the world's population in the last two years. According to the report, the wealth of billionaires is increasing by $2.7 billion a day, while at least 1.7 billion workers now live in countries where the rate of inflation exceeds wage growth. The richest 1% in the world gained nearly half of all new wealth over the past decade. For the first time in the last 25 years, extreme wealth and extreme poverty have increased together.