Rich Must Be Prepared to Be Taxed More, Says Chidambaram

Home Minister P Chidambaram, who as Finance Minister had slashed taxes, today suggested that rich should be taxed more even though “many people” would not like the idea.

“We must raise the tax revenue to defend (the expected aggregate decline of resources). I know many people won’t like this. But I think, I can summon the courage to make the statement,” he said addressing a function of All India Management Association here.

From: http://ping.fm/Rt9JL