View: High taxes don’t create egalitarian utopiaDo high taxes reduce inequality? Indira Gandhi raised the top income tax rate to 97.75%, along with a 3.5% wealth tax. That reduced inequality, but also created a massive black economy and entrenched the pathetic Hindu growth rate of just 3.5%.
from Economic Times https://ift.tt/2pWH2km
from Economic Times https://ift.tt/2pWH2km
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