More than half of the funds deposited in non-bank financial institutions in Bangladesh are held by millionaires, totaling over 24,876 crore taka. The inequality in wealth distribution is evident, with 5,287 depositors accounting for 55% of total deposits. Economists advocate for increased taxes on the wealthy to address this imbalance, considering it extremely alarming. Mostafizur Rahman from the Center for Policy Dialogue suggests a higher tax rate for the rich to mitigate income inequality, emphasizing the need for a stronger wealth redistribution system. Bangladesh’s Gini coefficient index is nearing the threshold for high inequality, reflecting a widening gap between the rich and the poor.
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