Re: [IAC#RG] Time for the ACTION to start

Thanks Malikji
For articlating and expandimg my submission. Lets be practical. No business deal is without CA assisted Financial Planning. No judgement is without Advocate Assistance. No assessment without a consideration. And the list is a big thick load. All the transactions are clandestine. No track Record.
There is no security net for the Sr. Citizens. The daughters have to be given some GOLD traditionally for the rainy day.
Where can one park there hard earned tax paid money where it cant be swindled. THINK LIC PF SHARES etc. All under fraud.
Indian Gold is in India. Indian unaccounted money out side India. Of Swiss Government is thinking but how. No body knows.
SECURITY NET IS THE ONLY SOLUTION. NOT THE TYPE GOVT IS PLANNING. THE ONE THAT WILL INSTILL CONFIDENCE IN PUBLIC NOT TO HORDE IN GOLD etc.
Thanks Veereshji once again

On 05-Mar-2013 12:20 AM, "Veeresh Malik" <veereshmalik@gmail.com> wrote:

 

Increasingly, "black money" is also what the spouse is able to save up separately, what the poor man is able to keep after the rulers have bled him try, what the middle class is able to keep aside for a rainy day.

 

It is increasingly not what our loot and scoot type upper class are raking in - that money has now been sanctified and brought back into India cleaned up by a variety of routes, including Mauritius.

 

Humbly submitted.

 

Veeresh Malik

 

 

----- Original Message -----

From: Sarbajit Roy

To: indiaresists@lists.riseup.net

Sent: Monday, March 04, 2013 7:24 AM

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 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?

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