Kaushik Basu writes in the Outlook (Why) “..tax the rich more and subsidise the poor” if that is the case, the revive of government created slavery which is a government funded death penalty will amount to cascade rather to enrich the ‘poor’. Best example is the malfunctioning India’s subsidy system. It is sad that Mr Basu has paid little attention to this big issue. And in once sense it is not surprise to see because he is also student of Mr Sen.
However, he concludes that “that Obama spoke about redistributing wealth. I do not think he will be able to do much in this area, but if such a call from an American president causes a shift in public opinion, that could well clear the way for a more equitable and better world. ”
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