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This article is written by someone with the same partisanship as an extreme right wing Republican in the US talking about minimum wage or gay marriage. There is

by yalogin 12y ago

This article is written by someone with the same partisanship as an extreme right wing Republican in the US talking about minimum wage or gay marriage. There is too much sarcasm and too much talking down to in there. The reality lies somewhere in the middle. For example none of the Indians I know ever said their country will become rich if all the undisclosed wealth is siezed by the government. The reality is there is way too much corruption and the majority of the ill-gotten wealth is in India. In all but the biggest cities the real estate is not priced to market per the government and so the property is registered at 1/4th the value (for e.g.) and so taxes paid on only that amount. The rest is not disclosed and reinvested into the real estate market. There is a lot of that going on. What ever the Prime minister is doing about talking to Swiss officials is just posturing and he is also sure that not much is going to come out of it but some political victory.

gnufied 12y ago
Spot On. Most Indians are aware that - wealth stashed abroad is probably not trillions and have no illusions about what that money will do when brought to India. For many of us - it is just curiosity. There is some money definitely and more than how much - people are interested in knowing whose money it is! I doubt though if politically connected people will ever get exposed, but my morbid curiosity continues.
mqzaidi 12y ago
Your evidence is anecdotal. The article, to its credit, has actual references, as in what Baba Ramdev said, and a good deal of people believe him. Just see a gamut of India opinions here, https://in.toluna.com/opinions/1277868/what-will-happen-if-all-the-black-money-come-back-to-India https://in.toluna.com/opinions/1277868/what-will-happen-if-a...
- gnufied 12y ago
  A majority of educated Indians see Baba Ramdev as crook. A self-styled guru curing cancer with Yoga and whatnot. So yalogin's response may not link to hard evidence but just because Ramdev can get behind a cause does not mean majority of Indians believe in it. EDIT: If anything - if you take intersection of salaried Middle class and Baba ramdev's followers, you will be left with a small set. I am not saying Bab ramdev does not have a large following, but in a country where literacy is 72% (with number going lower in north india, where majority of Baba ramdev's followers are), it is hard to argue that middleclass supports this man's viewpoints.

by yalogin 12y ago

gnufied 12y ago

Spot On. Most Indians are aware that - wealth stashed abroad is probably not trillions and have no illusions about what that money will do when brought to India. For many of us - it is just curiosity. There is some money definitely and more than how much - people are interested in knowing whose money it is! I doubt though if politically connected people will ever get exposed, but my morbid curiosity continues.

mqzaidi 12y ago

Your evidence is anecdotal. The article, to its credit, has actual references, as in what Baba Ramdev said, and a good deal of people believe him. Just see a gamut of India opinions here, https://in.toluna.com/opinions/1277868/what-will-happen-if-all-the-black-money-come-back-to-India https://in.toluna.com/opinions/1277868/what-will-happen-if-a...

gnufied 12y ago
A majority of educated Indians see Baba Ramdev as crook. A self-styled guru curing cancer with Yoga and whatnot. So yalogin's response may not link to hard evidence but just because Ramdev can get behind a cause does not mean majority of Indians believe in it. EDIT: If anything - if you take intersection of salaried Middle class and Baba ramdev's followers, you will be left with a small set. I am not saying Bab ramdev does not have a large following, but in a country where literacy is 72% (with number going lower in north india, where majority of Baba ramdev's followers are), it is hard to argue that middleclass supports this man's viewpoints.