: Wealth inequality: India’s poorest 50% pay almost two-third of the GST #WorldNEWSAll Policy makers aren’t enthused enough to make a determined effort to reduce wealth inequalities. Every year,

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Wealth inequality: India’s poorest 50% pay almost two-third of the GST #WorldNEWSAll
Policy makers aren’t enthused enough to make a determined effort to reduce wealth inequalities.
Every year, at the time of the World Economic Forum, the Oxfam report on Inequality causes a stir. In the midst of all the debate and discussions this year, Robert Reich, a former US Labour Secretary, tweets:
“Since 2020, for every dollar the bottom 90 per cent have gained, billionaires have gained . 7 trillion. This level of inequality is not only unsustainable, it’s downright cruel. ”
With mountains of wealth accumulating at the top, we still find the super rich making all-out efforts to dodge the tax regime, brazenly jacking up consumer prices to cause an unmanageable inflation.

Using public money to generate more profits, manipulating the stock markets, and leveraging the tax-havens to their advantage, it is part of a strategy donning the new playbook of the stinking rich.
And therefore, among numerous measures being spelled out to narrow the widening inequality, Oxfam suggests taxing the top 5 per cent of the world’s multi-millionaires and billionaires that could raise . 7 trillion a year, enough to lift 2 billion out of poverty.
While the world struggles to find a mechanism to tame the shrew, perhaps a series of comics, which kept us glued from the days of the Phantom to more recently the fantasy world of the Spiderman, can now move to the real world of the super-rich thereby reaching out to the unreached.
The poor too needs to know where their money goes.  
Not only carrying the thrill of amassing wealth in a mad race to reach the top of the heap, any comic series on the theme will not only address the curiosity but also unravel the mysterious pathway.
Create an imaginary character like Rajni (from the yesteryear’s Indian TV series) who can take on the might of the super-rich only to ensure the riches are distributed for the benefit of an egalitarian and a cohesive society.
The poor too needs to know where their money goes. A comic series is an easy way to reach out to masses. It has to become a people’s campaign calling for equality and justice. Unless the poor know how they have been systematically robbed, building up an international campaign calling for an end to rising inequality may not be possible.
Nevertheless, at the time of release of the report, Gabriela Bucher, executive director of Oxfam International was quoted as saying. “While ordinary people are making daily sacrifices on essentials like food, the super-rich have outdone even their wildest dreams.
To illustrate, Oxfam compared the 3 per cent tax that Elon Musk, CEO of Tesla, Twitter and SpaceX paid between 2014 and 2018 while a small rice trader in Uganda ended up paying 40 per cent tax.

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