The federal cabinet has brought a 'mini-budget by approving Reformed General Sale Tax (RGST) applicable with effect from January 2011. Through this new measure, the government is expecting Rs 65 billion in extra tax which as a matter of fact will be collected from the consumers i.e. mostly from economically crushed section of society. After approval of the bill, the Federal Minster for Finance while answering questions about not taxing the agriculturists gave a very interesting reply. He said that personally speaking, I am in favor of taxing the rich, but the Constitution does not allow the federal government to do so because it is a provincial subject. It appears that in FMs view, all the rich men only belong to agriculture sector though majority of the richest people of Pakistan are from the industrial and commercial communities. As far as taxing the rich is concerned, the law of Wealth-tax, which was abolished by Pervaiz Musharraf in 2002, is already available. If the FM, in reality is serious that the rich should also contribute towards national exchequer then he should revive the Wealth-tax Act 1966 as it will tax wealthy people of all sectors of society including agriculturalists. Before its abolition, the wealth-tax used to provide more then 15 billion to national coffers. This collection would have doubled by the year 2005 when the assets declared during Amnesty Scheme- 2000 were supposed to have matured and brought to tax net. I sincerely hope the Finance Minster will reconsider the restoration of Wealth-tax with immediate effect. It will not only generate intended revenue, but will also save the government from an upheaval, the RGST will create in the society. DAD MUHAMMAD BALOACH, Kashmore, November 13.