Hacker News new | ask | show | jobs
by __Joker 3510 days ago
Actually dumping into real estate, gold etc. is not bad because your govt will get taxes out of the transaction at the least. Problem with black money is not that some body hoarded it. Problem is some body hoarded it with out paying taxes.
1 comments

> Actually dumping into real estate, gold etc. is not bad because your govt will get taxes out of the transaction at the least.

No. Most likely money on paper << money changed hands.