4 ms·
> If anyone thinks ppl keep bulk of their ill gotten wealth in cash they are idiots You are partially correct but govt has to start from somewhere. As you know
by aq3cn 10y ago
> If anyone thinks ppl keep bulk of their ill gotten wealth in cash they are idiots
You are partially correct but govt has to start from somewhere. As you know they are also going to attack "Benami" property.
http://indianexpress.com/article/india/india-news-india/black-money-rs-6-crore-cash-seized-in-osmanabad-probe-launched-4377667/ http://indianexpress.com/article/india/india-news-india/blac...
http://timesofindia.indiatimes.com/city/meerut/Sedan-caught-with-Rs-40-lakh-black-money-2-held/articleshow/55439808.cms http://timesofindia.indiatimes.com/city/meerut/Sedan-caught-...
http://economictimes.indiatimes.com/wealth/whip-cracked-on-benami-property-owners/articleshow/55558621.cms http://economictimes.indiatimes.com/wealth/whip-cracked-on-b...
> it impacts the poor 100x more
I will not consider anyone poor if he spends more than Rs. 500 per day. This figure is correct on weekly basis. Rs. 500 per week. Poor people earn at most Rs. 250 per day. keep that in mind.
Having a fixed deposit of bank account is better for them anyway, because they don't have to worry about income tax dept asking for tax from them. I know they aren't educated enough to do the paper work. But trust in Banks is good thing because it will cut down middle man and they will directy get benefite from the schemees which means less scams irrespective of who is in govt.
Street vendors see Rs 500/1000 note once in a while.
Plus, Average Indian Spends $1.8 Every Day.
https://en.wikipedia.org/wiki/Poverty_in_India https://en.wikipedia.org/wiki/Poverty_in_India
https://www.saddahaq.com/average-indian-spends-18-every-day-chinese-7 https://www.saddahaq.com/average-indian-spends-18-every-day-...
http://www.hindustantimes.com/india/family-day-how-indian-families-earn-and-spend-their-money/story-Wc8R8WV9ldvIJzIYkvrV4L.html http://www.hindustantimes.com/india/family-day-how-indian-fa...
http://timesofindia.indiatimes.com/india/Spend-Rs-32-a-day-Govt-says-you-cant-be-poor/articleshow/10058373.cms http://timesofindia.indiatimes.com/india/Spend-Rs-32-a-day-G...
You should also understand that opposition is trying to create panic, so people protest againt current govt.
> she doesn't even have a bank account
Help her create a bank account + tempt her with interest she will be getting + there is no risk of anyone robbing her savings