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Originally Posted by mayankk Well, how about this. If there was a horse, this is from his mouth |
Anyone with reasonable intelligence will realise that banning or rather replacing notes cannot stop "black" money, yes I'm using quotes because "black" is a much maligned aspect of money where people don't realise that yesterday's white is today's black and vice versa. A significant population of blue collar workers rely on pure cash for income. In order to curb "black" money, the only 2 ways to do it have already been mentioned by politician and statistician Subramaniyan Swamy and famous economist and finance guru Raghuram Rajan who left the RBI recently - decrease income tax to a bare minimum if not outright stop it.
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Originally Posted by sukhoi30 Yes, the more Rs. 500 notes in circulation, the more easy it will become. Infact, it will also help bring out more Rs 100 notes into the market given that many are hoarding these notes. |
Hoarding is inevitable, seeing that an Orwellianesque situation is developing, I'm not against the government directive, and have been hardly affected by it.. but to the majority when a situation should suddenly arise when ATM's, banks and credit cards (for whatever reasons) are temporarily not accepted as has been the case 2 weeks ago, many people have suddenly realised the need to stockpile out of shock.. and its getting worse.
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Originally Posted by mayankk Now thats a generalization if I have ever seen one. Sounds like an editorial.Whats your basis for this claim? The lines are still here. There is no true spirit being shown, its resignation to fate. I still have not been able to get cash even once since the "implementation". I am salaried, and this has been a hair pulling exercise from the start. |
Absolutely, glad you had the courage to call this one out.. I'm just agreeing with you on this. Whenever a disaster or hardship is put forth the editorial will always say "people are bold", "people are resilient" and "the phoenix shall rise from the ashes". Makes for a good read but what choice do the people have other than to bear the brunt of what is basically, not in their hands?
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Originally Posted by GrammarNazi Marriages stalling, people dying at hospitals, people dying in queues! Terribly sad to see people suffer!
Heartbreaking to see people indifferent to the problems of rest of the country. Just because YOU get your money or stuff easily, doesn't mean others do too. |
Agree with the first part, people are suffering. I feel though that sacrifices should've been made to avoid standing in line during rush hours as much as possible. I felt equally disturbed that things came to such a point that people felt the need to stand in line out of sheer desperation just to get money for necessities. I cant claim to understand the exact situation they were in, but for their own good maybe they should not have joined the line when it was at its worst, a meal or two lost would've been better. What the hospitals have done have only reinforced my hate for them, absolutely conscienceless, irresponsible and against the law.
The 2nd para, well is it in our control? We haven't created the problem.. it just affects each family differently. We're not "aam aadmi" or "common folk" as the government calls us or we ourselves like to be known as.. we're all different contributors to society, be it as employers, employees, tax payers, builders of the nation (the blue collar) and the most important - food banks of the nation (the famers), we should call ourselves "khaas aadmi" or "special people" for this very reason. We've all been affected by it in various ways and even in a move which was targeted directly at the uber-rich. We each survive in the way best known to us and the poor as usual gets the short end of the stick.
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Originally Posted by diyguy We in Chennai were discussing just today that last year we were battling a natural calamity and this year a man made one.
I was deeply disturbed by a whatsapp video of a police lathicharge outside a bank where a cop is indiscriminately hitting people and one of the folks receiving his blows was an elderly man in his 70s or so. |
Orwellian State is here, and its cannot be more obvious than in crises. Iron-handed treatments shall be handed in the guise of controlling chaos and upkeep of equality.
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Originally Posted by Sawyer A long time ago, after some reasonable success in a career in corporate finance and tax, I got bored of this non value adding activity. I was lucky to be able to make a lateral move that allowed me to be actively engaged in Indian operations of a machine tool manufacturer, on the shop floor.
Aim and shoot. No shoot and aim. Over and over, this was hammered in. What he was trying to get into our thick heads was: Any fool can shoot and aim, and claim a master archer's 10/10, and complete victory every time. All he has to do is run to where ever the arrow has landed and draw a perfect circle around it!!! |
Feels a lot like my career moves so far, learnt everything that has become a compulsion these days.. like I.T in business (which I hated with every fibre of my being) and the mother-lode of one dimensional ideas - finance and accounting. Somehow the creative part of me which is pretty much who I am wanted to run from these aspects of business and play a more direct role in value-addition, marketing and macro-management.
I'm an operations guy as well, the thing is according to me it boils down to a very simple, intuitive, holistic approach.. stuff like TQM and zero-error approaches only lead to manipulation sooner or later in order to show that it "works" or that it's being done. What matters is that everyone tries their best and doesn't lie and just does what makes sense rather than work counter-intuitively to fulfil an agenda or just because it's written in the paper.
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Originally Posted by Chetan_Rao I live in one part of Bangalore, work in another and have colleagues all over the place, and there's a wide variance within the city.
It's akin to saying world hunger doesn't exist because I'm well-fed and nobody I know is starving. |
Wide variance indeed, personal banks and those having personal bankers did not suffer one bit and I know that for a fact. Its the same life repeating itself, those who possess paper money value subject to inflation/deflation/demonetisation erstwhile called promissory-notes subject to inflation/deflation/NOT subjected to demonetisation erstwhile called gold NOT subjected to inflation deflation OR demonetisation are at an advantage while the poor are.. as usual helpless.
As for your final statement, yes it does exist.. money is an imperfect concept, if everyone is rich then there'd be no resources left on this earth and if everyone is poor there wont be any control or incentive to work hard. Everyone being middle-class will lead to the unhappiest bunch of people since the stone-ages and is an impossible situation for the government to rig.
Lets just say I wish there were more equality on earth but there cannot be.. hence there'll be crimes, unethical businesses, drugs and the whole circus. Plastic money will lead to better control of people, but will not lead to perfect equality.