5 point program to eliminate black money!

As per news reports, the Government has set up a panel to examine if an Amnesty Scheme should be announced to tackle black money. Read the news report here.

The Finance Minister detailed a 5 point strategy to combat the menace. Here is my take on what the 5-point strategy would look like:

1. Appoint a committee to examine if black money exists.
1. If the committee concludes black money does not exist (i.e. “there is no proof”), close the matter.
2. If the committee concludes black money exists, go to point no. 2.

2. Examine if the black money resides in India or abroad.
1. If the money resides abroad, declare that nothing can be done and close the matter
2. If the committee finds that black money resides in India, go to point no. 3.

3. Ask the committee to examine if something can be done to make black money disappear.
1. If the committee says nothing can be done and black money is a worldwide phenomenon, close the matter.
2. If the committee says something can be done, go to point no. 4.

4. Announce an amnesty scheme, which will allow people to convert their black money into white.
1. If the scheme meets with a poor response, announce that black money DOES NOT EXIST, otherwise it would have met with a good response.
2. If the scheme meets with a good response, go to point no. 5.

5. Announce that NOW black money does not exist, since all black money has become white.