In this conversation with Hindol Sengupta, Dr. Gautam Sen, former professor of political economy at the London School of Economics explains, - why inheritance tax is a terrible idea for India, - why, whatever its moral foundation, it will cause chaos in the real economy, - why it will hurt the middle class tremendously, - why the social disruption it would cause would make it impossible to implement, - why the truly rich would not be affected, - why it would cause a flight of capital, and investment, - and why it is deeply unpopular in the UK and US and functions very inadequately.