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by nkskalyan 3221 days ago
Question is, was it worth it? Weren't there easier ways to increase Digital payments? Better ways to make people put money into banks?

Was it worth killing people? http://www.huffingtonpost.in/2016/11/17/day-9-demonetisation...

2 comments

Was it worth extending the status quo where around 1 percent of the population pays any tax at all because of the rampant black market economy? (12.5 million people paid any tax at all on a population of 1.23 billion, source - https://www.cnbc.com/2016/05/03/guess-how-many-people-pay-ta...).
'Killing people' makes it sounds like they were shooting anyone who objected, but that article does do a good job of documenting the human cost of economic dislocation. The abrupt and absolute change appears to have given rise to numerous avoidable problems.