Economy & Equity

 The Economic Rights Every Indian Should Have | Budget 2025 https://www.youtube.com/watch?v=MOyMtx-bWPw The Wire

people should have a set of fundamental economic rights.
1. right to food in which people everybody should be entitled to obtain food exactly on the same terms on which the BPL population used to obtain  in the years before the
pandemic. Currently it is made out as a largess by the PM or ruling power..

2. right to employment. unemployment is the most serious crisis
facing the economy and of course the fact that people don't get employment is
not their fault.  it's the fault of society that we live within a social Arrangement

3. Right to free Universal Health Coverage .

4. right to quality publicly funded education system  supplemented by various charitable
organizations .  but now by commercial private educational establishments and finally I believe.

5,  Right to noncontributory universal  pension scheme where
everybody gets a living pension and of course disability benefits

 This would require an additional 7 % of GDP. tax.
which can  be raised by a) a 2% wealth tax and b)  an inheritance tax on the top 1% of the population.

budgets generally show an increase in infrastructure investment, some increase in the financial allocations in the form of transfers to the people but  what is being taken away from them through the erosion in their living standards in real terms because of inflation and because of unemployment.  giving out doles to the people actually devalues the role of the people as Citizens it appears as if the government is doing some charity towards them.
It should be a rights based program .

 the citizens reacquire their dignity and in which a set of fundamental economic rights is
introduced and in which we actually delink from globalization by having bilateral agreements with other countries of the third world ..

The Future of Inequality│ https://www.youtube.com/watch?v=CeKWVKMUIEQ   Abhijit Banerjee  Aug 28, 2024  
The inheritance of wealth, especially as baby boomers retire in droves after amassing the greatest wealth in human history, is likely to accelerate inequality in the future. In a world where inherited wealth, rather than individual effort and ability, is the primary determinant of an individual's life, some fear that income disparity could threaten social stability in the future... the causes and solutions to some of the most pressing socio-economic issues, including optimal asset allocation, income inequality, youth poverty, and aging. 

Towards Tax Justice and Wealth Redistribution in India https://www.theindiaforum.in/economy/towards-tax-justice-and-wealth-redistribution-india Inequality levels have reached historical highs under the Billionaire Raj. These extreme inequalities and their close links with social injustices can no longer be ignored. A comprehensive wealth tax package would be an important step towards a more equitable growth path for India.

 'Income and Wealth Inequality in India, 1922-2023: The Rise of the Billionaire Raj'  https://wid.world/wp-content/uploads/2024/03/WorldInequalityLab_WP2024_09_Income-and-Wealth-Inequality-in-India-1922-2023_Final.pdf

Importance of Public Banking System and How the Social Responsibility of Banks is being Diluted  Thomas Franco | October 3, 2022 https://www.cenfa.org/importance-of-public-banking-system-and-how-the-social-responsibility-of-banks-is-being-diluted/ 
While the private banks advertise efficiency, the public banks are the ones that are catering to the needs of the poorest in the country. Opening 97% of Jan Dhan accounts, pursuing govt schemes and giving out small credit, is possible only because of the public sector banks.