Wealth redistribution: The economics behind Rahul Gandhi's 'Robin Hood' idea
Congress leader Rahul Gandhi's promise of wealth redistribution has kicked up a huge controversy. While the idea itself has been controversial — right from the bloody revolutions of the past century that promised the poor the wealth amassed by the rich to contemporary debates in economics on how to address inequality and poverty — a comment on Rahul's plan by Prime Minister Narendra Modi has brought the issue to the headlines. PM Modi alleged on Sunday that «Congress wanted to confiscate people's wealth and redistribute it to Muslims». Yesterday, adding that opposition parties had done nothing for Muslims, he reiterated his allegations, saying that the Congress was «looking to survey earnings and wealth of people, including their vehicles, property, and houses to redistribute it in line with a communist ideology that INDIA wanted to implement in the country».
What did Rahul Gandhi say
Rahul on Saturday said the Congress, if voted into office in the Lok Sabha elections, would conduct a financial and institutional survey to ascertain who is in possession of the wealth of the country, and would then undertake an exercise to redistribute the same. He also promised representation of each community in every sector.
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