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Zero Rupee Note

en.wikipedia.org

91–100 of 241 posts

Re: Zero Rupee Note

#91

I wonder how similar bribery culture is to tip culture. In the US where we tip restaurant workers, restaurant wages are often much lower than comparable positions in industries that don't have tipping, so much so that the difference is often explicitly included in minimum wage laws. Do countries with more bribery experience a similar effect, where the wages of police officers and other bribery-prone worker are much l…

Yes and the system isnt all bad. For example, in the country I reside in, getting caught on drug charges would require paying a large sum to get off, which is kind of cool, because a primary job of police is to enforce drug laws, but who should pay for that, really? Should all the people who dont do drugs have to pay, like we do it in America? This way, the salaries of the police aren't paid by the whole populace but rather by the people guilty of the crimes enforced. In a sense, drugs aren't illegal here, they are just very very expensive, and that's possibly just as good of a deterrent.

But, the system is mostly bad. Corruption really holds back poor countries. Lobbying really holds back rich ones.

Re: Zero Rupee Note

#92
post #91

I wonder how similar bribery culture is to tip culture. In the US where we tip restaurant workers, restaurant wages are often much lower than comparable positions in industries that don't have tipping, so much so that the difference is often explicitly included in minimum wage laws. Do countries with more bribery experience a similar effect, where the wages of police officers and other bribery-prone worker are much l…

Yes and the system isnt all bad. For example, in the country I reside in, getting caught on drug charges would require paying a large sum to get off, which is kind of cool, because a primary job of police is to enforce drug laws, but who should pay for that, really? Should all the people who dont do drugs have to pay, like we do it in America? This way, the salaries of the police aren't paid by the whole populace but…

Well, your system is very different from just having expensive drugs in one key respect - being poor results in imprisonment, not a lack of access to drugs.

Re: Zero Rupee Note

#93

I wonder how similar bribery culture is to tip culture. In the US where we tip restaurant workers, restaurant wages are often much lower than comparable positions in industries that don't have tipping, so much so that the difference is often explicitly included in minimum wage laws. Do countries with more bribery experience a similar effect, where the wages of police officers and other bribery-prone worker are much l…

It's not really that tricky. Singapore is one country who has got this beautifully right.

Re: Zero Rupee Note

#94

> One autorick-shaw driver was pulled over by a policeman in the middle of the night who said he could go if he was "taken care of". The driver gave him the note instead. The policeman was shocked but smiled and let him go. Too good to be true. On another note, what people usually do (when they are asked a bribe) is to notify the vigilance officer. The vigilance department provides marked original currency notes powd…

It is too good to be true, police would have smashed him just out of ego

[deleted]

Re: Zero Rupee Note

#95
post #86

Could negative currency be useful? For instance a fungible, negotiable debt instrument, registered on a blockchain so it can't be unilaterally destroyed. Put contractual language on it to the effect that "Registering acceptance of this note obligates you to pay $X to the U.S. treasury by date Y." Bob buys an apple from Alice but doesn't have the cash, so instead accepts/registers a -$1 note from Alice, who now has le…

This might work if there is some reputation attached to the borrower's crypto address. So if they don't pay back, no one will lend them money again.

Re: Zero Rupee Note

#97

I wonder how similar bribery culture is to tip culture. In the US where we tip restaurant workers, restaurant wages are often much lower than comparable positions in industries that don't have tipping, so much so that the difference is often explicitly included in minimum wage laws. Do countries with more bribery experience a similar effect, where the wages of police officers and other bribery-prone worker are much l…

Yes. Policemen are getting pretty low wages. But there are always a lot of people who want to work there, because they can get bribes. And they actually paying percentage of those bribes to their higher-ups and so on, so it's like a pyramid. And a lot of people want things to stay that way. Policemen are getting good income. Their masters are getting huge income. Ordinary people can pay much less to policeman, than t…

A weird thought crosses my mind...

"Justice delayed is justice denied"

Does an immediate "fine" on the spot deter criminal behavior?

Re: Zero Rupee Note

#98
post #97

Earlier quoted context omitted.

Yes. Policemen are getting pretty low wages. But there are always a lot of people who want to work there, because they can get bribes. And they actually paying percentage of those bribes to their higher-ups and so on, so it's like a pyramid. And a lot of people want things to stay that way. Policemen are getting good income. Their masters are getting huge income. Ordinary people can pay much less to policeman, than t…

A weird thought crosses my mind... "Justice delayed is justice denied" Does an immediate "fine" on the spot deter criminal behavior?

Not if collecting the fine is itself criminal behaviour.

Re: Zero Rupee Note

#99

> One autorick-shaw driver was pulled over by a policeman in the middle of the night who said he could go if he was "taken care of". The driver gave him the note instead. The policeman was shocked but smiled and let him go. Too good to be true. On another note, what people usually do (when they are asked a bribe) is to notify the vigilance officer. The vigilance department provides marked original currency notes powd…

I was wondering if there was a way to "tag" the serial numbers on a note used to pay a bribe, then track it's movement. But your proxy scheme shows it's been thought of.

Re: Zero Rupee Note

#100

I don't think people actually use the note though. I don't see anyone having guts to give that note to policemen or government officials in India. Everyone in India just like the US is scared of the Police and know not to mess with them.

It is easy to see how this would be used in India. I have seen multiple instances of a police officer directing traffic walk up to a motorcycle stopped for cross traffic, reach out and turn off the motorcycle and take the key. When the driver hands over the money the officer hands back the keys. Quick transaction, likely too quick to realize the note was a 0 rupee note. Once saw this happen so close that the officer smiled at me as he took the money right outside my car window.
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