Black money and such a large parallel economy had become a big problem. And like it or not, we were being forced to stay a part of it while trying to get out of

Black money and such a large parallel economy had become a big problem. And like it or not, we were being forced to stay a part of it while trying to get out of it. This sudden demonetisation has not curbed the problem, but it has hit a RESET switch on the parallel economy (black money). That is great news. First, people will not want to lose their money and this will result in huge tax-inflows. Second, some people will get prosecuted for tax evasion - sending a strong signal. High tax rates will still drive a small percentage of people to evade taxes. But upgraded technology will delay recurrence of large scale black money problem, probably for decades to come. Long queues at ATMs and petrol(gas)-stations. I thought it could turn into an anarchy kind of situation. But most people feel happy about this inconvenient but necessary decision.