The importance of pleasing Sonia Gandhi

In what has to be one of the most outrageously gratuitous statements from a cabinet minister in recent memory — and there is plenty of competition — former finance minister P. Chidambaram boldly declared that the time had come to raise income tax rates in India; time once more to sock it to the rich. That this was all very noble is indicated by his remark that it takes courage to take such a stand. And just in case anyone was fooled that this was his original idea, Chidambaram helpfully added that rich people in Europe were getting together to say: “Please tax us more.”

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