Why the middle class?
I was appalled to read in a national daily recently that, Bangladesh Bank/Finance Ministry was tagging yet another tangle for the Savings Certificate buyers/bank depositors. In future, they might even require producing Tax Identification Number and proving their 'source of funds' while buying these, for what they call to 'curb money laundering'!
Please be mindful, the so-called policy makers, that these Savings Certificate holders are mostly innocent retired persons or migrant workers trying their best to save something for an uncertain future in this current volatile world or trying to eke out a living from these accrued interests. You have already slashed interest rates from these savings instruments and from time to time slapped levies under a host of pretexts. Talking about money laundering, you know all too well, how these take place and who are doing this business. They are all big fish and often work with your blessings in connivance with the law enforcers. They get away by looting banks in broad daylight, while we the hapless ones only gaze and gawk.
Let's not trouble us any further with this and make us pay for your inefficiency and senseless luxury. Taxing us any further under such silly pretext shall only widen scope of further corruption in the system and heighten our sufferings and distress. Hope you use a bit of your wisdom and save us from any further humiliation as small savers, who are by no means party to any financial rackets.