In an effort to eradicate corruption, many are calling for the issuance of a new currency, which will turn the cash in the hands of corrupt people into waste paper. India's Modi has achieved very good anti-corruption results by using the methods of issuing new currencies and disclosing assets.
Suppose we issue a new currency, how effective is the anti-corruption effect?What impact does it have on the lives of ordinary people?Here's a quick breakdown:
1. If the issuance of new currency is exchanged without restrictions, the significance of anti-corruption will be lost, and there will be no need to implement it.
2. Set a limit for redemption. It is very difficult to set this quota fairly and reasonably, and while fighting corruption, it has also harmed the interests of some ordinary people, favoring one over the other.
1) Assuming that the limit is set at 100,000 yuan, it will have no impact on low-income people, but it is unfair to wipe out the legitimate income of more than the well-off people while fighting corruption.
2) According to the data of the central bank, there are about 100 million people with per capita net assets of more than 1 million yuan in China, and if the limit is set at 1 million yuan, the vast majority of the ** cash will be invalidated, but the cash of the rich group will also be wasted.
In this case, it is almost impossible to establish a fair and reasonable exchange limit.
3. How to deal with financial assets such as deposits, bonds, and ** held by people?
4. How to deal with real estate such as houses, jewelry, jade, antiques, calligraphy and paintings?
5. How to deal with foreign currency assets such as US dollars and euros held by people?
6. In addition to immigrants, there are many people from our country who settle abroad, pension, sojourn, etc., how to deal with the assets of these people?
To sum up, the depreciation of paper money caused by the over-issuance of new currency against currency has achieved remarkable results, and it is difficult to define the effect on anti-corruption, and it endangers people's legitimate interests.
Do you think you should do it?