| >The whole "demonetization" argument seemed blatantly propagandistic to me. The stated goal was to repatriate "black money" (theoretically large untaxed cash reserves held by rich Indians). Let's assume that "black money" is a real problem and not an overstated political bogeyman. It is a very real thing, as every Indian knows and hears and sees (from generations past, probably even before independence. Hey, it even plays a part in Indian movies). Please don't make assumptions. Check out the facts on the ground, preferably by coming to India and spending some time here, before talking about it. I see from your profile that you are scientific, but you are not really exhibiting that here. >Let's ignore the fact that the last thing anyone with serious money is going to store wealth in is cash (especially not Rupees). Maybe you are not from India (sounds like it) and don't understand the fact that infrastructure and conditioning and people's minds can vary a hell of a lot across countries (not even to start mentioning the differences between more and less developed countries). There have been reported (and exposed) labyrinthine schemes for evading tax and so on out here, maybe more than you can wrap your brain around (without knowing more). Edit: to make it clear, I am not saying that the scheme is perfect. By reports in the papers as well as by my own experience, it has led to many issues. It could and should have been planned and handled better. |
How do you know it to be a problem? Governments love to overstate the seriousness of things for political leverage. Many people make incorrect conclusions from what they hear and see in pop culture.
> Hey, it even plays a part in Indian movies
If this is what you mean by "know and hear and see", then I think you need more evidence. Movie production culture (from Hollywood to Bollywood) loves to latch onto political and criminal tropes regardless of how true they are. For example, there are a number of laws passed by US congress and state governments that can be directly traced back to exaggerations in Hollywood movies. The banning of Switchblade knives can be traced back to Hollywood incorrectly depicting them as a popular tool for mafia activity. The banning of gun suppressors can be directly traced back to exaggerated Hollywood depictions of their effectiveness. Basically, you shouldn't trust everything you see in movies. "Black money" is a great narrative vehicle that is stuck in the Indian pop culture memeome, so it makes sense that Indian movies reference it.