Kolkata: American economist and Nobel laureate Joseph E Stigliz on Monday advocated taxing the super rich class in India to raise resources for fighting the COVID-19 pandemic, if the government fails to pool in the required funds.
He also said the Indian government should not shy away from spending to control the pandemic and help the vulnerable sections.
"Funds should be targeted at high-impact areas rather than low-impact ones, and if you can't get resources, raise taxes as you (India) have a lot of billionaires," Stigliz said at a FICCI-organised interactive session.
There have been recent debates on levying COVID tax on the super rich in India.
On the Centre's call for 'Atmanirbhar Bharat' (Self- reliant India), the noted economist said too much self reliance will lower the standard of living as a lot of products, including vaccines, are imported.
"This gives nativism but is not realistic, as the pandemic and climate change have shown the need for greater collaboration," he said.
Stigliz also said India and the US did not handle the COVID-19 situation well. Allowing the movement of migrant workers exacerbated the spread of the virus and defeated the purpose of lockdown, he said.
Stigliz criticised the US for widening the divide of racism and income, and "similar divisive politics in India" that will undermine the society and economy.
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Mysuru: M Lakshman, the Congress candidate for the Mysuru-Kodagu Lok Sabha constituency, has responded to a statement by parliamentarian Pratap Simha, saying, "I was born as an Okkaliga and grew up to be a vishwamanava." Pratap Simha had earlier questioned as to who had given the caste certificate to M Lakshman.
He defended his caste identity, displaying his Vokkaliga 3A caste certificate issued by the Mysore Taluk Tahsildar, and said that one's caste is not written on their forehead.
Lakshman criticized the BJP, stating that they are resorting to lies and falsehoods during the election campaign. He highlighted the need for communal harmony and unity among all castes. Lakshman promised to focus on tourism development and create employment opportunities in the IT sector if elected. He also pledged to work towards making the Mysuru-Kodagu constituency a model for development.
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He further added that the Congress government will be in the state for 4 years and he is committed to bringing more grants.
“Like BJP we do not indulge in communal and caste conflict. Congress does not have that tendency. We will work for the people without telling lies like the BJP,” he said.
City Congress President R. Murthy, District Congress President Dr. B.J. Vijaykumar, Muda President K. Marigowda, former MLA M.K. Somashekhar, leaders H.V. Rajeev, B.M. Ramu, Sitaram, Bhaskar L. Gowda, N.R. Nagesh, Girish of Seva Dal were present.