Why I like demonetisation

Demonetisation – the art of making money worthless. PM Modi has made money worthless and the pursuit of that, even worthless. But that does not mean he would not be raising taxes, for his govt runs on taxes alone.

So, what is fantastic about this exercise of making the money worthless?

Well, your ward’s councillor, the primary school drop out who has two Toyota Innovas and who hangs out with a platoon of able bodied goons who are clad in gold ornaments the size of a bicycle chain,  is nowhere to be seen for the last 3 days since the announcement was made.

You see the leader of the opposition, if you can call him so, stand in a queue in front of an ATM to draw cash like you do. How many times in the past have you seen this happening?

The multi-billionaire, who has at least two cars, and who has not been seen in the public as he has always spent his time inside of cars and planes, has come out to stand in front of an ATM to draw cash.

The politicians who have never cared about the poor have suddenly started talking about the trials and tribulations of the poor as the 500 and 1000 Rupee notes have been withdrawn. You can understand that they are not talking about the poor but about themselves, as they don’t know what to do with the sacks of cash held in their vaults.

The one feature that is striking in this exercise is that, even if you have loads of 500 and 1000 Rupee notes, you don’t have cash unless you have small change.

Even if  black money is not eradicated in full, just because the above worthies have been made to come out of their hideouts, I support the #demonetisation.

Finally, as a B.Tech holder with 20 years of work experience, the Nanganallur flat that you were wanting to buy for your parents for keeping them closer to the temples – it is going to be a lot cheaper and you would not be forced to shell out all you savings for that. Instead, the builders would be after you, for the first time in many years.

For all the above, I support #demonetisation.

Jai Hind.

 

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2 thoughts on “Why I like demonetisation

  1. Most unfortunate the scheme interpreted as demonetisation scheme instead invalid of high value denomination of currency notes considering swap/deposits operation allowed by the government in the name of so called fight against black money. Death bell to savings by the people for their future emergency requirements and Indians savings vital part of GDP and hence this country surviving financial crisis even though global slowdown . Kindly Refer BBC NEWS Indian Economy for fair/true reports about this so called demonetisation scheme. Black money already converted in to reality sector,gold,financial instruments, white goods, consumer electronics goods,etc. apart from huge amount parked outside India by bigwigs. Cash in the former black money constitutes less than 10% of circulation amount around 12lakh cores claimed by finance minister. NPA figures around 4lakhs cores and the government mute spectator due to crony corporate sector backbone of rulers.

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  2. Common man/middle class/rural population very badly affected and economic paralysis for another 3/4months and benefits we have to wait and see.

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