New Delhi : Prime Minister Narendra Modi has doubled down on the push for redistribution of wealth through measures such as inheritance tax terming them as “dangerous problems disguised as solutions.”
In an interview with the Times of India, PM Modi asked, “Would you work day and night if the government takes away your money at the end in the name of redistribution?.”
He also took a jibe at Congress Rahul Gandhi and referring to him as ‘Yuvraj’ and stated that the actions of the Opposition was an example of a scorched earth policy.
The Prime Minister at the end of second round of the ongoing Lok Sabha elections added that ideas such as a wealth tax would “kill” the startup revolution and were merely a way to please ” the opposition’s vote bank.” He further said that these ideas carried the risk of creating “complete and irreversible communal disharmony.”
“I do not think they are solutions by any stretch of imagination,” PM Modi said terming that they are actually dangerous problems disguised as solutions.”
“If we really want to ensure people’s growth, we just need to remove barriers and empower them. This unleashes their entrepreneurial potential as we have seen in our country; even in tier 2 or 3 cities, which are given rise to a lot of startups and sports stars,” he said.
PM Modi noted that wealth redistribution, wealth tax etc have never been successful because they never removed poverty, they just distributed it so that everyone is equally poor.
“The poor remain stricken with poverty, wealth creation stops and poverty becomes uniform. These policies sow discord and block every road to equity, they create hatred and destabilize the economic as well as social fabric of a nation,” he said.
Amid the ongoing intense campaigning for the Lok Sabha elections, PM Modi stated that inheritance tax is a “sinister plan” of the Congress party and should not be considered as “very real” threat that “stands to hurt our nation irreversibly.”
Criticizing Rahul Gandhi’s proposal for an X-ray or social-economic survey to redistribute wealth, PM Modi described it as “a clear example of Maoist thinking and ideology.”