India, Jan. 17 -- There are reports that Finance Minister Nirmala Sitharaman may impose a five per cent wealth tax on billionaires, the super-rich, in her forthcoming Union Budget. Experts warn against such a move, which may prompt the wealthy to move out of India for tax reasons, and opt for tax residencies in the more tax-friendly tax havens, and other nations. Over the past few years, according to studies and surveys, thousands of rich Indians took this decision to get out. Now, one of the richest and prominent states in America, California, is readying to impose a one-time five per cent tax on the entire assets of the so-called billionaires, which may raise $100 billion, with most having to cough up $100 million each, and one, accordi...