Dear Sarbajit,
I am astounded at your opinion that there is no "strong" correlation between black money and corruption.Black money(moneywise it is legal tender) is the fruit of corruption and for that reason can not be declared and tax paid.There is a parallel economy of black money in our country and unless this is tackled, corruption can not be controlled.
Date: Mon, 4 Mar 2013 07:24:08 +0530
From: sroy.mb@gmail.com
To: indiaresists@lists.riseup.net
Subject: Re: [IAC#RG] Time for the ACTION to start
Black Money is simply money (legal tender) on which no taxes have been paid at some point in time. Yes, there is a definite correlation between black money and corruption but it is not a "strong" correlation.
To put it simply, eliminating black money in India will hardly do anything to eliminate corruption. What will happen is that the bribe money moves overseas (as most of it already has) to be spent there and benefit the economies of the foreigners who bribe our netas instead of India and Indians.
IAC's objective is very well defined - "To eliminate corruption wherever found by all means". This has not very much to do with black money.
Sarbajit
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I am astounded at your opinion that there is no "strong" correlation between black money and corruption.Black money(moneywise it is legal tender) is the fruit of corruption and for that reason can not be declared and tax paid.There is a parallel economy of black money in our country and unless this is tackled, corruption can not be controlled.
navnith
Date: Mon, 4 Mar 2013 07:24:08 +0530
From: sroy.mb@gmail.com
To: indiaresists@lists.riseup.net
Subject: Re: [IAC#RG] Time for the ACTION to start
Black Money is simply money (legal tender) on which no taxes have been paid at some point in time. Yes, there is a definite correlation between black money and corruption but it is not a "strong" correlation.
To put it simply, eliminating black money in India will hardly do anything to eliminate corruption. What will happen is that the bribe money moves overseas (as most of it already has) to be spent there and benefit the economies of the foreigners who bribe our netas instead of India and Indians.
IAC's objective is very well defined - "To eliminate corruption wherever found by all means". This has not very much to do with black money.
Sarbajit
On Mon, Mar 4, 2013 at 2:41 AM, Manmohan Kumar <nrisoldierleague@gmail.com> wrote:
On the positive sideSarabjit, if this is the contention; what's IAC fighting for?
1) India has a great Parallel ("black") economy which holds the nation together and insulates us from the economic woes of the rest of the world..
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