Income Inequality is a Bitter Truth.Will the New Tax Structure Soften the Blow?

“The wealth of the world has indeed increased by leaps and bounds, but most of it has fallen into the laps of the few”.It has been more than a century since Ernest Howard Crosby wrote these lines in 1908. However, he is closer to the truth now than ever. According to a Cedit Suisse report, the richest 1% of Indians, own 58.4% of its wealth. Trend shows that this gap…

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