FREE MONEY AVAILABLE BUT GOVERNMENT PREFER TO SQUEEZE PEOPLE



I have been writing here time and again about the huge availability of money for the government. Unfortunately instead of opting for it our own elected governments always prefer to squeeze the people as much as possible. According to three different sources of information, the black money available in India now is: a) Over $10 trillion b) Rs 900 lakhs crore
c) As per unconfirmed report of the World Bank, 20% of our GDP is available in black money.

A common man of this country, that is I myself, suggest once again to the Government of India, to give the black money holders opportunity to invest this money in some selected priority sectors without declaring the source of income, but by payment of the existing rate of basic income tax plus a 10% penalty. If about 50% of the black money could be pumped out through this offer it would be a big gain for the government.

Please consider this and give relief to the people in petrol, cookingas and umpteen other things.

K V George 

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