Any idea when IRS association last submitted so many “progressive” French style tax suggestions to the government and publicly so?

Really worrying. Clear balloon floating.

From yet another income tax hike to reintroduction of wealth tax as well as inheritance tax all ideas are included here. Remember how dividend tax cut by the government became an increase. And how LTCG was brought back while STT was kept. On personal taxation, very harmful steps.

If the Modi government does not reform its irrational fiscal monetary obsession, it will be its doom. Mark my words. Take a screenshot. I am a non-entity but bad policies have bad consequences including politically, and even otherwise very good policies can be bad in a bad time.

There are many politicians waiting to get their hands on the treasury. They may not have the personal integrity of Narendra Modi, and the country will suffer. But these things have their own logic. Everything should be done in moderation. Extremes in most things must be avoided.