Arvind Kejriwal pens letter to PM Modi: Calls for tax relief, loan forgiveness to prioritize middle-class India over rich tycoons

News Delhi: In a significant move, Delhi Chief Minister Arvind Kejriwal has penned a letter to Prime Minister Narendra Modi, urging him to announce that no loans for wealthy individuals will be forgiven. Instead, Kejriwal advocates for the cancellation of loans for farmers and middle-class homebuyers, emphasizing the potential benefits for the middle class.

A Focus on the Middle Class

Kejriwal's letter stresses the importance of prioritizing the financial relief of the middle class. He argues that forgiving loans for affluent individuals would not yield substantial benefits for society. "If we are to forgive loans, let it be for farmers and middle-class home loans," he asserted. This statement highlights his commitment to addressing the economic struggles faced by everyday citizens.

The Economic Argument 

In his correspondence, Kejriwal presents a compelling economic argument. He claims that if loan forgiveness is not implemented, tax rates could be halved. "A person earning ₹12 lakh annually pays a significant portion of their salary in taxes; this is a source of distress for the middle class," he stated. This assertion aims to resonate with a broad audience who may feel burdened by high taxation without adequate financial relief.

Kejriwal's letter serves as a direct appeal to the Prime Minister, urging him to consider the needs of the middle class and farmers over those of wealthy individuals. His arguments reflect a growing concern about economic inequality and the need for policies that support those most affected by financial hardships.