What the middle class isn’t | Expert Views
With her latest Budget, Finance Minister Nirmala Sitharaman has walked into the nastiest of all hornets’ nests: The Great Indian Middle Class.
Through the week, she and her ministry have been pilloried on social media. Those in the mainstream media are dismayed, but more measured. There can be reasonable, pragmatic, ideological, and even moral arguments against the new, Thomas Piketty-esque (soak the rich, especially when they earn from their accumulated wealth) changes in the capital gains taxes. However, it doesn’t justify the kind of outrage it has unleashed, with hundreds of furious, often personalised, memes.
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First Published: Jul 27 2024 | 9:30 AM IST
