Sure, tax the rich but who’re they?

Warren Buffett set the “cat amongst the pigeons”, proposing a higher rate of tax for the rich in the US, to boost revenues for the debt-ridden government. The Obama administration lapped it up. True to the perception that “when the US sneezes, India catches cold” the mandarins of North Block and some of our industrialists and economists have stirred up a debate on the need to tax rich Indians.

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