Indian billionaire see their combined fate more than doubled during the Covid-19 pandemic, and their counts jumped up to 39 percent to 142, while the ten richest wealth was sufficient to fund children and higher education children in this country for 25 years, A new study shows Monday.
In the annual inequality survey released on the first day of Summit Davos Agenda Davos Davos World Forum, Oxfam India further said that one additional tax percent at 10 percent was richest able to provide the country with almost 17.7 extra oxygen cylinders, while similar wealth tax on 98 families The richest billionaire will finance Ayushman Bharat, the largest health insurance scheme in the world, for more than seven years.
Pandemic Covid-19 looked in a big rush for oxygen cylinders and insurance claims during the second wave last year. Inequality in wealth, the Oxfam report further said that 142 Indian billionaires collectively have a wealth of USD 719 billion (more than Rs 53 lakh Crore), while the richest 98 of them now have the same wealth as the poorest people below 40 percent below 40 percent (USD 657 billion or nearly Rs 49 lakh crore).
If each of the 10 billionaire richest billionaires is to spend a million every day, only need 84 years to spend their current wealth, while the annual wealth tax applied to multi-millionaires and billionaires will increase USD 78.3 billion per year enough Increasing a government health budget by 271 percent or eliminating the health budget outside the household bag and leaving USD 30.5 billion.
Noting that Covid-19 may have begun as a health crisis but has become the current economy, Oxfam said the richest 10 percent had collected 45 percent of national wealth while the bottom of 50 percent of the population was only 6 percent.
Furthermore, said that inadequate government spending on health, education and social security has run by hand with an increase in health and education privatization, so that the recovery of Covid-19 is full and safely beyond the reach of common citizens.