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In many countries, the governments have started increasing the tax on the super rich. The Government of India has also proposed the same.
The reaction from the media, mostly controlled by the big corporates, was on the expected line. They have opposed the proposal stating that it is not necessary. The corporates have reacted sharply. They have, in fact, threatened that the MNCs will leave India, the FDI will shift away and that the GDP will come down drastically if the super rich are taxed more.
It seems that the threat from the corporates and the media is having its effect. There is not much talk about taxing the super rich now.
Workers reasonable and justified demands are denied forthwith; but when the corporates demand, it is seriously considered by the government and necessary decision taken to satisfy them.
The government by the Corporates and for the Corporates!