Do You Love Demonetisation?
Liberals hate it. Though, it’s utopian for right wingers.
What if it works the way government wants?
No harm in dreaming. No taxes on dreaming.
For demonetisation to work the government would have to work on three fronts.
One, banks who are the interface.
Two, tax authorities who will catch hold of culprits.
Three, people praising the miracle.
Catch them all
With the raids, it is clear that tax authorities know about the hoarders. Imagine if they were better at their work, they could have unearthed all the black money.
Is black money black?
Black money is unaccounted money, on which people did not pay taxes. At the most government will impose a fine or ask them to pay taxes. Government would have only gained more taxes.
So, the best case scenario would be when…
Government would have gotten all the back money into the system.
Banks would have more money to play monopoly.
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