Thursday, January 5, 2017

#Demonetization : intentions vs intelligence

Do we really need to get so emotional about this? Just a few simple points:

1. Only a small fraction of India's enormous untaxed income is held in cash.
2. The inconvenience caused to the public outweighs any potential benefits.
3. Terrorists etc can easily get aadhar cards or steal identity of
others and can do even more ghotalas with digital money.
4. It is much easier to print fake 2000 rs notes and hoard them than
it was to print fake 500rs or 1000rs notes.

I know many people were getting itchy and desperately wanted that
"Something MUST be done!", but brainlessly doing things that harm ONLY
your society's most vulnerable sections, don't even do baal-waaka of
the real crooks, and legitimizing it all with a patriotic brush or
glorifying compulsory sacrifice is any day worse than doing nothing.

Terrorism, hoarding, smuggling, black money, undeclared assets, swiss
bank accounts and worst of all corruption by bureaucrats and
politicians and control of your local police force by the biggest
goons of your area will continue unaffected by demonetization.

Dear supporters of demonetization, we're not questioning your
intentions. We are only questioning your intelligence.

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