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Even after a year, calling whether it worked as unclear is being naive or ignorant. Would you say ripping off 80% of your code base and rewriting it was a good
by sifar 9y ago
Even after a year, calling whether it worked as unclear is being naive or ignorant. Would you say ripping off 80% of your code base and rewriting it was a good idea if you are still unclear about the benefits ? To wit, you can't go back to the old code base also.
I so wish GRR Martin had put this in GoT. Then most Indians would have been aware of it. I'll repeat it here once again.
Not all black money is in cash. Not all cash is black money.
A major portion is in real estate, gold, businesses and other financial assets. Cash is just ~8-10% of the economy.
Most people with unaccounted cash had access to networks which would launder it for them. Even if you have a digital trail, the justice system is not digital. Sure some would have to pay up, but a majority would have enough accountants/lawyers to avoid the taxes.
People complaining about black money in India, forget that the relatively low consumer prices that they enjoy is partly due to black money. If one wants the SMEs to pay their taxes, the consumer should be ready to pay more in price. People want low prices, low taxes and no black money/corruption. Well, pick any two.
>> 1) people would think twice before hoarding onto cash and keep it hidden from the govt
Or they could change the govt :).
- product50 9y agoOf course not all black money is in cash. However, because of this move all assets which are known carriers of black money including real estate, gold etc. also took a hard hit. Additionally, the thinking is that people would be more careful dealing in cash going forward. And I would abstain from using absolute stance like you are using. I think this move definitely falls into the grey territory.