The conversation between human and AI assistant.
How do you view the Indian government's decision to fight "black money" by scrapping 500 rupee and 1000 rupee notes?
Okay, can you explain to me how scrapping those notes is supposed to tackle "black money"?
From my understanding, the Indian government's decision aims to reduce corruption and money laundering by making it harder for people to hide large amounts of cash. In theory, the elimination of high-denomination notes will force people to deposit their unaccounted funds into bank accounts, which can then be traced and taxed by the government.