Monday, January 30, 2017

Controlling your own wealth as a basic human right

ORIGINAL LINK

A few months ago, the Indian government withdrew 86% of banknotes in circulation. Ostensibly, it was to cut down on the black market economy and tax cheats, but it also wiped out a large percentage of the wealth of the poorest people, who hold their wealth in cash. A few weeks later, Venezuela followed with a similar measure.People waiting in line to deposit bank notes before the deadline. The 500 and 1,000 rupee notes were scrapped.This got me thinking, to what degree do people control their own wealth ...

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