The planning comission had defined that a person who can spend more then Rs.28.50 per day is not below poverty line. So for a family of 4 the monthly budget for expenses will be around Rs.3534 and yearly budget expenses will be around Rs.42408. The assumption is that a person has got a accommodation of his own. If in the same sense the rich man can live with a yearly expense of say 20 times this and any additional would be excess fund and hence can be taxed. A poor man is being rid even a single benefit which the rich are given all the luxuries.
People earn in various levels but the cap is being defined for below poverty. A similar cap should also be provided for above rich people and the taxing should be even more than 30% because the value of top 10% of the people is more than 70% of the total value of bottom people 90% and is fully justified considering the disparity of wealth accumulation.
One glaring example is the vulgar housing of the Ambani while there are so many people in this country who donot have a house. How can a government allow a businessman to amass so much wealth. The businessman gains money by selling a product, and if he gains so much money either the product is sold at unreasonable price, the price is increased by manipulation of demand-supply equation, the raw materials are purchased at a very low rates. Whatever may be the method it is not fair business practice.
The government or the planning comission has to think properly twice to mention numbers which affect so many people who donot have powerful lobbying groups to get whay they need wxcept for the occcassional strikes in the protest. Hope some commonsense prevails in the high offices.
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