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by babyrainbow 3517 days ago
I am not an expert. But may be, it is only the small time tax evaders that store black money in local currency...So if someone has stashed away his lives savings in a stack of 1000 Rupee notes, this move will force them to pay taxes.

Nothing is still being done to deal with really big fishes. The ones who can really make a difference.

So as usual, it is the middle class and lower that are being forced to pay, while the upper and elite classes still given a pass and the government earns good name in the process..

Rich and powerful still wins. It is business as usual..

1 comments

Being forced to pay taxes is not a bad thing. Middle class are not "losing" anything.