Rahul Mehta Gandhinagar LsCandidate
The only reason why I support demonetization is that it will teach 10s of lessons to all Indian voters , that they could have learnt otherwise by listening to non-SoMoKe-andhbhagats.
.
Otherwise, it will be either a grand material disaster (drastic reduction in production) OR a complete failure (i.e. neither RBI will gain nor income tax dept).
.
The best way to reduce unaccounted cash is
.
(a) to print "deemed auction on sale of land" law draft (i.e. If X buys land from A, for official price of Rs P, and if third party Y offers 15% more within 30 days, then GoI will transfer land to Y and give (1.15 * Rs P ) to X.)
.
(b) along with that, publicize names of all land owners with list of their land holdings on public websites and publicly sold DVDs.
.
(c) abolish ALL indirect taxes such excise,m gst, vat, service tax and impose (wealth tax minus income tax) and streamline income tax
.
These are REAL ways to reduce black cash.
.
---
.
But instead, SoMoKe and SoMoKe-andhbhagats suggested that Rs 500 and Rs 1000 notes should be suddenly ended !!
.
The trucks have stopped, retail business except food / medicine has gone down the drain, factories are working at much lower production, most factories are NOT getting new orders and so on.
.
Gold business is booming, and a good employment is standing in queue as someone's proxy and getting Rs 500 to Rs 1000 per day !!! But these are productive activities.
.
And many black money hoarders are productive people such as doctors, factory owners, shopkeepers etc. And many 100% white people are drag on economy such as SEZ owners, trusts who have massive land holdings (such as missionaries, T Trusts, B trusts, S bhai of ahmedabad trusts etc). NaMo's actions damages too many productive people, and land hoarders will walk away laughing all the way.
.
The long term damages are
.
(a) corrupt, criminals and tax evaders will now hoard more gold and not much currency. so gold legal import or gold smuggling will rise, and damage the economy due to forex loss. It is confirmed rumor that Rs 2000 note will be dead in april-2017 !!! So hoarders are NOT storing it !!
.
(b) corruption will NOT decrease even by 1% (after discounts of 3 for 3 months). The andhbhagats are taking massive amounts of cocaine if they think that corruption will reduce due to note ban.
.
(c) land prices in jan-2017 will decrease and so foreigners will be able to buy land enmasse and then sell in jan-2018, and earn tax free profits (profits on mauritius companies are 7% and fijio companies are 0%).
.
So there are huge long term damages !!!
.
---
.
So should I support / oppose demonetization?
.
The damage is now done. Undoing monetization will NOT stop gold hoarding now.