Idea to eradicate corruption in India.
Corruption has evolved from a stage where it is treated as social courtesy to a mandate in all levels of the society. Initially people used to treat bribe as a tip for good work from the service provider.Slowly, because of the bureaucracy that has been rooted in our society, people started bribe's as a means to shield from the bureaucratic headaches that they have to bear.People themselves funded this evil to root itself into this giant complicated organization.The basis for this is unnecessary bureaucratic rules for even the simplest of tasks.
To eradicate Corruption and Black money as a citizen of the largest democracy in the world I would like to propose a solution.
- Phase out paper money and introduce digital money.
- Every person will have a unique identification and this Id is his account no through which he can do any transaction.
- The same ID is his tax id.
- Any transaction how small or big it might be attracts and tax rate of 15%.
- Every one would identify their identity using bio-metric identification.
- Mobiles or a bio-metric identification card can be used for transactions.
- Every one will have one and only one account.
- All the transactions will route through a central database maintained by a central authority.
How does these all help in the eradication of corruption?
First if we phase out paper currency every one has to declare and submit the money they have to the central authority.At the time of submitting the money all the black money that has been stashed away should be declared.No one can have accounts other than the account he is assigned and any money that are stashed in foreign banks will be lost,until they declare the same transfer the same to the CA.
Each and every transaction will be stored and monitored and any unauthorized transaction can be easily identified.Every transaction will have bio-metric identity to it and no ghost transactions will happen.As all financial transactions of an individual is maintained changes in his wealth can be traced to his income.
Information technology should be used to maintain the same and sophisticated decision systems should be used to implement the same.
Lastly if the central authority should be complicated and should be maintained by a set of people who are competent,trustworthy and loyal to his country.
At least we know whom to blame when an adversary comes up rather than running pillar to post not knowing where to go.
