I am sure even printing of money in the US is well documented. On the other hand, more than 1/3 rd of all of India's national income goes in taxes. Has anyone kept track of what happens to so much money?
What comes out of it in terms of wealth creation and how much of it
goes gets turned into "black", ends up in Swiss banks, or even in pockets
of sons of politicians who then splurge it in hotels, drinks, drugs,
sex what not ?
It would be interesting if a study is made of this.
regards,
Samir
