I'd say that's all the more reason to try and redistribute some of the wealth to the most affected. (Whether the Indian government will effectively collect and

I'd say that's all the more reason to try and redistribute some of the wealth to the most affected. (Whether the Indian government will effectively collect and use the taxes is another matter, but can appreciate the efforts in a country with such a wide gap between rich/poor) 50 crore == 50 million, so a USD equivalent of $729,550 a year. Would go a long way in India. Can't find reliable figures for wages, but from a quick Google, one site put it at about <$2k a year. Taking that as a rough order of magnitude it would be the equivalent of levying a tax on American earning over $7M per year (if average wages are about ~$20k).