Friday, March 25, 2011

Black money

There's a lot of talk about how much Indian black money is stashed away in Swiss banks.

The only difference between black money and white money seems to be whether or not taxes have been paid on this . I used to be very proud of the fact that I am an honest citizen and that we pay our taxes, but given how the Indian government misuses the revenue it collects, I am not sure any more that paying taxes is such a big deal.

I feel the difference between good money and bad money is whether the money is being used or not. Good money is circulated - and bad money is locked up in safes !

2 comments:

  1. Dear sir
    I am 100% agree with you sir.Acoording my opinion thier is no method(parfect) to change bad money to good money.

    Ramesh kamuni.

    ReplyDelete
  2. Interesting... I agree with your analysis

    ReplyDelete

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