Excellent comment thank you. It is always great to find someone reading one of my posts.
I agree with your points and great to hear a first hand point-of-view on the India topic. The only thing further to this I would like to add is that the rich always seem to find a way to hide their money (they can afford the best accountants etc.). We see this already with use of Cayman Islands etc. Will we just set up another system where only the rich can use the anonymous technology while the commoners are forced to use the traceable versions only?
The solution is to minimize the use of 'money' and creation of 'wealth' - because wealth is never depleted and it doesn't matter whether it's traceable or not - that raises the question - what is wealth?
When a person has all the things that he 'needs' and generates enough 'money' to get what he 'wants' is someone who is truly wealthy.
A farmer would be an ideal example of someone who could be considered 'wealthy' because he has the land to grow food for his family fulfilling their 'need' and then sell extra food to get money for buying the things that he or his family 'wants'.
But most farmers are moving to cities to become slaves in the 9~5 rat race called JOB (Just Over Broke).
Hope I didn't stray away from the core subject.
You're right man. Wealth is a matter of perspective