Tax super-rich to raise resources to fight Covid-19: Joseph Stiglitz

American economist and Nobel laureate Joseph E Stigliz on Monday advocated taxing the super rich class in India to raise resources for fighting the Covid-19 pandemic, if the government fails to pool in the required funds.

He also said the Indian government should not shy away from spending to control the pandemic and help the vulnerable sections.

"Funds should be targeted at high-impact areas rather than low-impact ones, and if you can't get resources, raise taxes as you (India) have a lot of billionaires," Stigliz said at a FICCI-organised interactive session.

There have been recent debates on levying Covid tax on the super rich