To quote the speaker- "Just think, there are 2.5 million people in this country who earn over a crore of rupees (Rs 10 million) per annum. Don't you think that's a bit too much for a country that still has millions who can't have two square meals a day?.... Shouldn't there be some restrictions or control over this 'free' and 'easy' flow of money?"
How on earth is THIS the solution to the crisis of inflation in India? Yes, lets punish the rich people who are making money. It is fair to ensure that the money is not being made illegally, but there are other world commodity / fuel price increases at play here. The best the govt. can do is to reduce tax complexity and make sure illegal hoarding, speculation isn't occurring.
