The conversation between human and AI assistant.
How does banning 500 & 1000 rupee notes solve black money problem?
Won't people still find ways to hoard black money in other forms, such as gold and real estate?
While it is possible for people to hoard value in other assets, such as gold and real estate, these assets are easier to track and regulate than unaccounted cash. Moreover, the government has announced measures to monitor large transactions in these sectors to prevent the conversion of black money into other assets. However, it is important to remember that no single measure can eliminate the problem of black money completely, but this is a step in the right direction.