Why the BJP should reject a bad idea
The proposed transaction tax to replace the existing system makes no sense
Quixotic tax ideas have a long history. The kings of medieval Europe thought they could increase their revenues by taxing people according to the number of windows to their homes. The idea was that richer folk with bigger homes would automatically pay higher taxes. It was not to be. Smart citizens preferred to build large houses with few windows. These architectural oddities can still be seen in the older parts of many European towns.