Is black market income a scam?
I am not sure!
Obviously, because black market income is unaccounted money for which no tax has been paid to the national exchequer. In India, there is a parallel black money economy which runs side by side of national economy. Unscrupulous businessmen stash their black money to Swiss Bank, and now at Mauritius which is a tax haven.
Black marketing by creating artificial shortage of food items, or causing downfall at share market and incomes thereof, are definitely scams. In India, 3G spectrum auction and recent coalmine leasing scams siphoned off lacs of crores of rupees,depriving the government of its legitimate share of revenues.
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