Chicago [US], April 24 (ANI): Chairman of Indian Overseas Congress Sam Pitroda has backed the party’s stand on redistribution of wealth and advocated an inheritance tax law in the country. Emphasing the need for policy towards wealth redistribution, Pitroda elaborated on the concept of inheritance tax prevailing in America. “In America, there is an inheritance tax. If one has 100 million USD worth of wealth and when he dies he can only transfer probably 45 per cent to his children, 55 per cent is grabbed by the government. That’s an interesting law. It says you in your generation, made wealth …
