Re:India's Misguided War on Cash
by kamaal on Tuesday November 22, 2016 @01:54PM
(#13016450)
>>The only thing that is not clear is what steps if any the government will take to make sure black money hoarding doesn't start again.
So you want government to change the entire Indian mindset. While addressing nothing about why that mindset exists?
Hoarding or investing call it whatever you like these things look differently from everybody's personal perspective.
Indians save wealth because there is a inherent feeling of scarcity. You can pass as many laws as you want, but you won't be able to force people to spend money they think they need for the future. This is simply because they don't want to spend it.
It just comes down to the fact that you can't force anybody to some thing they don't want to do.
Re:India's Misguided War on Cash
by eklavya on Wednesday November 23, 2016 @12:44AM
(#13020391)
I find that claim very strange. Who is asking you to spend your money? Is paying tax or not taking bribes about mindsets? I save up and I pay taxes and nobody can force me to spend money I don't want to.
So you want government to change the entire Indian mindset. While addressing nothing about why that mindset exists?
Hoarding or investing call it whatever you like these things look differently from everybody's personal perspective.
Indians save wealth because there is a inherent feeling of scarcity. You can pass as many laws as you want, but you won't be able to force people to spend money they think they need for the future. This is simply because they don't want to spend it.
It just comes down to the fact that you can't force anybody to some thing they don't want to do.