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In my opinion deMo succeeded in all but the claimed main objective, which was removal of black money.
by eklavya 8y ago
In my opinion deMo succeeded in all but the claimed main objective, which was removal of black money.
- adictator 8y agoProbably right. Maybe removal of black money was just a facade in order to achieve all the other actual objectives.
- kranner 8y agoYes it did succeed in rigging the UP elections in favour of the BJP.
- intended 8y agoWell that’s also hard to quantify- as you recall demo had so many as how reasons tacked on every other day. Day 1- This is to remove black money! Day x - removal of counterfeits! Please bear with us. Day y - cashless economy ! And I vaguely remember there being some other reason(s) which were added later. This was a farce. But it does show how deeply Indians feel about corruption and wealth inequality.
- thevardanian 8y agoMost people who had "black money" deposited their cash with albeit with a heavy penalty. The government allowed people to deposit their cash, but taxed it something like 50-70% if it had NO accounting at all.
- kranner 8y agoThis is false. According to the Income Tax department's own admission, it could only get ~1100 people to pay such a penalty between April and November 2017. I've cited a source for this in another reply to you above. Most people with black money exchanged their currency notes at a 10% to 20% cost via services that laundered via corrupt employees at banks or routing through newly opened accounts of poor people.