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 side
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..

Sarabjit, if this is the contention; what's IAC fighting for?