Will Inheritance Taxes End Inequality And Aid Economic Growth? Sam Pitroda Sparks New Controversy

Indian Overseas Congress chairperson Sam Pitroda's advocacy for a US-style inheritance tax during an interview stirred controversy amidst Congress's wealth redistribution poll promise. Pitroda's remarks, which were met with criticism from the BJP, prompted the Congress to distance itself from his comments. Defending Congress's stance, Pitroda asserted that wealth redistribution aimed to benefit the populace, not just the affluent. However, his invocation of the inheritance tax in the US reignited the debate, with the BJP alleging Congress's intention for wealth redistribution. This statement by Pitroda brought the issue to the forefront, sparking discussions on the feasibility and impact of inheritance tax in India. The debate now extends to whether inheritance tax could effectively alleviate poverty and its implications for the country's economic landscape. Pitroda's remarks have reignited the conversation on wealth redistribution policies, prompting a deeper examination of their potential outcomes in the Indian context. Watch Siddharth Zarabi, Managing Editor of Business Today TV, in conversation with Sudhir Kapadia, Senior Partner, Tax & Regulatory Services, EY, Ved Jain, Tax Expert, Arun Kumar, Author & Former Professor of Economics, JNU and Rajeev Mantri, Author & Venture Capital Investor.