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Friday, February 27, 2009

The Taxing of the people!

It’s high time that the governments start thinking in a positive and at the same time sensible ways. Long years have gone without this particular basic problem been addressed. Not a man worth his salt has ever thought or stated about this thing that those in the corridors of power listened. The man who touched the limit of one lakh and exceeded it by a wafer-thin margin gets taxed by the ever-cautious government; lest the opportunity to serve the commonest of the common people stands jeopardized. Its been stated that as the government is the sole responsible authority which enabled the person qualify for the job, and before that, the government helped that particular job recruit the persons it has recruited, he has got, it becomes his duty to pay back when he reaches a paltry some of One Lakh, a year.

Even a fool knows a lakh a year is something just equal to fifteen to twenty thousand rupees a couple of years ago; and the purchasing power it has got is something very negligible. Most of the time, the purchasing power of one lakh is well below the twenty thousand of yesteryears. A piece of land costs eight, nine or even ten lakh now when the same had a value of just one lakh, a couple of years back. Hence, how come the government understood its one lakh that is the point, which if exceeded should be taxed? Every man who lives on this planet is entitled to have a dwelling to get inside and take rest; and what are his chances of getting a good or hygienic house in his life-time? You can’t say one can have a great house in Heaven, if you suffer miserably in this life, without having a good shelter for you and your family!

One has to think also about the chances of one landing a financial help from the financial institution for a home of medium quality with a salary of one lakh a year. Where will one find the “ASSET” , one is asked to put as a guarantee or an assurance when one goes to “APPLY” those soft loans which one might land by sheer chance? And if one by God’s grace lands a loan at all, think of the interest rates, compound interest and all the catches & strings which will barge into the loan which automatically makes the loan totally unviable and idiotic. If one has to live the life of a human being, it’s imperative to have a good shelter matching the standards of human beings; and, it’s not for the basic amenities like food, water and clothing human being is born into this world. To live the life of a human being, he needs something more than the bare essentials. For that one needs to have “ASSETS”, which will further the quality of life one is entitled in this world.

Assets like knowledge (education of good quality etc.), property (land etc.), quality (in anything and everything), good standard job with good pay scale (that one can start asset accumulation) and all the things that are of standard and quality other than the basic necessities, including the basic necessities, are in great short supply. And the government assumes ignorance and trumpets the great things of past and the great future which is to be, that the present suffers and suffers like anything without getting anything back in their life time; just day dreaming to the end of the great things, which will be offered one day, never knowing that the promised things and days will never ever come in their life time! It’s like the king who walked naked among his people thinking he is dressed in fine apparel, which only, as the wicked and cunning tailors made the king believe, wise and intelligent people can see! He had to be woken up to his senses by a small boy, who screamed on the top of his voice that the king was naked! Here, the ordinary people are walking naked, thinking that they are parading, wearing a great dress made of the finest of the things in the world, which is only visible to the wise and intelligent men, as been told by the respective finance ministers and the governments (tailors who are selected by the nakedly-parading people to tailor their future!)

Asset creation is the most important thing one should be able to do in his life time, which is before the age touches fifty, and he should be in a position to enjoy the wealth he has created in his life time, when he can standardize his life quality-wise and enjoy the wealth he has created. If one struggles to create wealth or assets all his life and somehow manages to have something of the wealth or assets he dreamed of in “his good old days” by the time he dies and enjoys what he created only in the death-bed in the form of medical benefits and the benefits his family will get after his death due to the policies he had taken in his life time as a form of asset creation, what is the benefit he gets in his life time? Asset creation is and should be the most important thing one person should focus his entire attention on and as fast as he can create the asset of some value that he can start living a standard life. From then only should the Tailors of Yore start squeezing people directly in the name of whatever they say they are taxing people right and left. The common people should understand and fight for their “Right for Wealth and Asset Creation” and let all other things, which the Tailors of Yore say are the first priority, take a back seat. It is the right of the person to live a quality life which should create wealth and assets that can be enjoyed when one should be in a condition where one is not a burden on anyone else’ shoulders. To that point should the Tailors lead the people as they claim they are the leaders who lead those who elected them to the very right direction and to the right point!

It is well understood that an amount less than five lakh in one’s personal account is just nothing, thanks to the inflationary pressures and its only an amount not less than ten lakh may be counted as some sort of an asset or wealth. And, how many, one should think, have these sorts of amount with them that they can consider themselves wealth or asset creator? How many can afford a piece of land which costs above five lakh, leave alone the amount one has to spend creating a house on the land purchased? This being the ground situation, how come the governments which rule the millions in the name of development, up gradation of life, quality of living standards and a million other sugar-coated words, start taxing people when one crosses the one lakh limit imposed by those who say they stand for the people? How come this simple principle of “wealth and asset creation” got completely forgotten by those who profess by the strength of education they got and the experience they have in handling everything that is in some way connected to quality and standard? How come the so-called intelligentsia, the wise people and those committed to the well being of the people so long never thought of these things and feign total ignorance of these matters of utmost importance? Is life a matter of “trying to create wealth and asset to the last moment of one’s life and never living a life of a human being at all?” And, one is surprised by the ease with which the life of common people is downgraded by the minute by those who are there to protect and upgrade the one and only life one is entitled to live on this once green beautiful planet. Sometimes one wonder whether these people who do all these things to make people suffer have some nexus with ‘the supposed world above’ that only these people have the knowledge of the greater mansions and wealth and assets people of this earth will inherit, who live here sub-standard and die here sub-standard!

Please Note: As this essay was written almost 2 years back, Rs.1 lakh is stated to be the amount from where it’s taxable; though the amount is raised to 1.5 lakh last year, it doesn’t make any difference in the ground situation, and actually, the situation has turned more troublesome!

Thursday, February 19, 2009

Bank Demons Of India!

Even 2 months after the Reserve Bank of India (RBI) reduced the Cash Reserve Ratio (CRR), the banks are maintaining the high interest rates they have been charging for around 2 years now! It is pathetic to know that the authorities and the government have turned a blind eye towards this, one should say, criminal act! All these banks -including the nationalised banks- had hugely increased the interest rates on the Already Loan Taken Customers, citing a million reasons, a couple of years back! All those poor guys, who took the loans at around 7% woke up one fine morning learning that they are paying around 11% or more on the loans taken at the FIXED INTEREST RATE of around 7%!

As they -most of them- had taken loans for the time durations of 15-20+ years and they had no options at their disposal to clear off the debt just at the same moment - as they were not Bill Gates, Ambanis, Soroses & Buffetts - they knew the LARGE SCALE CHEATING with the support of the POWERS THAT BE, they have been forced to pay whatever percent of interest the banks have been FORCEFULLY SQUEEZING OUT OF THEIR EXISTANCE! They were shown some charts and writings in HYROGLIPHICS & CUNIFORM to prove that there is a situation that forces the banks to SQUEEZE THEIR EXISTANCE HARD! A lot of persons defaulted and banks collected their BOOTY and swelled their bottom lines! The prices of the bank shares sky rocketed and there were wars waged on Dalal Street to corner a chunk of the Heavenly Priced Bank Shares, as they plundered the poor, hapless customers!

Then, there was a lending spree...! Great offers were showered on unsuspecting persons that they jump from the top of a precipice, believing in the false promises & offers of the Banks Turned Demons and found themselves scattered in at the least 25 cents of land area! Great Offers were promised most of the time in the upper brackets of 18% and more! They MARKETED BULLSHIT in beautifully decorated covers, for princely sums! There were more than enough FINANCIAL INSTRUMENTS in the market to CATER TO THE BRILLIANT CUSTOMERS - That was what the poor, unsuspecting, easily gullible customers were called in those days! Everybody, even those without having any need of BORROWED MONEY, took hundreds of thousands paying 18, 19, 20 and more percent of interest! Borrowing money for insensibly stupendous rate of interest became a fashion statement; it would be better, if we say, such foolish things were promoted as FADS by the banks & the media! And, the SUPREME BEING GOVERNMENT never uttered a word about the LOOTTING/FLEECING of the customers!

Then, there were GREAT PROMOTIONS RUN to develop the sense of spending using CREDIT CARDS! This CONVENIENT INSTRUMENT was promoted as the BE ALL & END ALL OF ALL THE GREAT THINGS in the financial industry! People were offered credit for JUST AS LITTLE AS 2.5 to 3 percent of interest, on credit cards! People, who didn’t have money to buy anything paying cash, resorted to THIS QUALITY BORROWING METHOD with ONLY 2.5 to 3 percent of interest! Very soon after the borrowing they understood, it would have been better to be an ABHIMANYU IN THE CHAKRAVYUHA than a borrower using credit card, as, even if there were chances of ESCAPE FROM THE CHAKRAVYUHA no one ever escaped from the credit card induced borrowing, which made millions heavily incapacitated & mortally damaged! What the POOR BRILLIANT CUSTOMERS seldom knew when they borrowed on the credit card, PAYING ONLY 2.5 or 3 PERCENT INTEREST was they pay THIS PALTRY PERCENT of INTEREST for a month and not a year, as the usual practice of interest calculation is! Hence, most of them paid 36% to 46% of interest annually for the amount they borrowed using credit card! And, here too, the SUPREME BEING GOVERNMENT never uttered a word about the LOOTTING/FLEECING of the unsuspecting & defenceless customers!

Then came THE CRUNCH! As people say, "All these things started in the U.S!" People were told THE CRUNCH won’t come to India, as it is not at all interested in coming to India as it is FULLY AMERICAN! But, as usual, against the GREAT PREDICTIONS of the FINANCIAL VISIONARIES of INDIA it found its way to India! People started feeling the pinch; they lost jobs; they reduced spending; they reduced borrowing etc. Money almost disappeared from the market as RBI tightened its grip on the money circulation to curtail a rising inflation rate; it increased the CRR of the banks. Citing THIS REASON banks increased the interest rates again! People almost stopped borrowing at exorbitant rates, thrust upon the poor, defenceless customer! With the inflation under control and spending on the downward spiral, RBI reduced the CRR substantially! The very next moment BANK DEMONS reduced the interest rates of all the deposits they have taken, saying they have huge surpluses due to the CRR REDUCTION! But those, who borrowed from the banks, were forced to PAY INTEREST THROUGH THEIR NOSES, continuously! They never got any reduction in the rates in which they pay their interest! They could not understand why the BANK DEMONS are not willing to reduce the rate of interest for their old customers, as they have been paying hugely excessive rates of interest for the money taken on a totally different & substantially lower rate of interest, years back! They even failed to understand the logic which states 'when there is a rise in CRR there is a huge rise in the interest rates and when there is a downward spiral in CRR there is NO REDUCTION IN THE INTEREST RATES!' Whoever said "Sarvam Maya..Jagath Mithya!" must be right here too, as these POOR BORROWERS understand at their own peril! It is time to re write John Keats as we see the Modern Day Knight Being Told "La Demon Bank Sans Merci...Hath Thee In Thrall!"

Friday, February 6, 2009

The Cultural Revolution in India!

All of a sudden there is a surge in the number of Cultural Upholders & Moral Police in the Secular Indian Republic! Now a day, in India it is stated that "It rains Moralists & Culturalists!" They are having a field day, all over India! And, the Anti Social Elements like lovers, pub-goers, socialites, born-free-men & the likes are running for covers as this Moral Brigade marches ahead against all that is Lawful, Low-Abiding & Orderly! All the Moral Police is Hooting is about the Indian Culture & the invasion of other cultures! And, these people also claim that they have the support of a large chunk of the Indian Society, which is so concerned about its culture getting eroded!

If these people are really bent on CLEANSING the ALIEN CULTURES, they should start with the cleansing of whatever is left of the Aryan Culture, which literally destroyed the Ancient Culture of India (Which is One of the Oldest in the World!), Dravidian Culture, which was existing in the Indus Valley, long before the Aryans Arrived from central Asia and destroyed it! And, if these Culturalists really want to start the Cleansing, it is better they start a war against Pakistan, as most of the areas where Indus Valley Civilisation thrived is now in the possession of the nation, Pakistan! It is always better they start at the roots; and, one can be sure that these Moral Preachers will catch the next bus to Pakistan to Really start Their Divine Job of Cleansing the Indian Culture! It is also heard that these Moral Police is spending billions (Sorry, we should use Lakhs & Crores instead of Billions, as it is against the Indian Culture!) to invent a Time Machine (Sorry again, as it should be "Samay Ka Gaadi! Or it should be something else, as Hindi too is from an alien culture-Aryan!) that they can go to past & CORRECT THINGS to their choice & wisdom!

We should altogether STOP (Or else they will make us stop!) using machines like bicycles, computers, vehicles, television, refrigerator, air planes, telephone, microphones, loudspeakers, digital calculator, mobile phone, Pepsi, Coco Cola, Vicks, Anti Cancer Drugs, Drugs of the Foren (Instead of Foreign!) Drug Companies and we should stop playing Cricket (Developed & Promoted by the British!) and most of all other games, as all of them are of alien cultures and should STOP learning physics, chemistry, psychology, electronics, zoology, genetics, economics etc. as they all are from alien cultures! People SHOULD STOP drinking Soda Water as it is against Indian Culture! We should NEVER USE photography, print media, steel, plastic, internet etc., as all these things belong to Foren (Instead of Foreign!) Cultures! We Should CALL BACK all the Indians who have gone outside the country to find a job or whatever and force them to settle in India (Let them live here as jobless but cultured!) or else we should label them as OUT CASTS and terminate their Indian citizenship, as they are NOT AT ALL SUPPOSED TO CROSS THE OCEANS OF INDIAN CULTURE!

We should START PROMOTING Bullock Cart Racing and start promoting Bullock Cart Fast Travel! We should ONLY write things in 'Olaas' (Leaves) instead of paper and we should ONLY USE PIGEONS as our 'Letter (Sorry, 'Olaa' or Letters written on Leaves!) Carriers'; we SHOULD NEVER TREAT ANY DEADLY MALADY but have to go in search of the sorcerer or black magician who cures all these things! On should never wear anything created by power looms and one should always wear (If possible!) ONLY LOIN CLOTH, as it perfectly fits with our moral policy of cultural promotion and of course, loin cloth is 100% Indian (Make sure it is NOT MADE on Power looms to avoid the wrath of the Moral Police!) We should never learn things other than those same things learned by those people who lived three or four thousand years back! We should be as backward as those people thousands of years back were; or else (Even if we are a wee bit advanced than those people) it will heavily infuriate the Moral Police! And, we can not hold the Moral Police responsible for whatever they do in the RAGE TO INSTALL/REINSTALL our EXACT CULTURE, which existed four or five or six thousand years back! Don’t doubt their Moral Integrity!

As is our Indian Culture (According to the Very Right -Pun Not Intended- Moral Police!) we should promote the OLDEST PROFESSION as we had that institution running in hordes in our culture, long back! We should start giving SEXUAL LESSONS (Even Practical!) to the girls aged 8 or 9, if they are FAT ENOUGH, based on our VERY CULTURAL KAMA SUTRA! We should, in effect & by force, restart, in a large scale, the Devadasi System and we should promote Child and if possible Kid Marriages, as they all strictly belong to Our Culture! We should Forcefully Restart the BEAUTIFUL CULTURAL ITEM 'SATI' (In which the living wife (Widow) throws herself to the pyre of her deceased husband!) and develop our Indian Culture (Let the British be Dammed - as they belonged to another culture! - who along with Raja Ram Mohan Roy somewhat finished off this BEAUTIFUL CULTURAL JEWEL OF INDIA - 'SATI!') We should start schools where our girls are made to LEARN THE TECHNIQS of SEDUCTION (Where the GANIGAS/Professionals for the flesh trade were made!), as was the case with The GOOD OLDEN DAYS! We should always do whatever is done in Those Good Old Days and say great things about our women folk and keep them always subservient!

We should say we think & respect women/girls as Goddesses, as it is in our CULTURE, and at the same time behave towards them as Instruments of Pleasure & Thankless Service! Hence, when a group of women is molested in front of their family, in Our Financial Capital on the new years' eve and the photographs of that heinous act are spread the width & breadth of our country, when in a Mangalore Pub girls are beaten into pulp by the hooligans, in full media glare, when a girl of barely fifteen is raped & killed in Goa, WE SHOULD TRUST the MORAL POLICE'S saying and report that “ALL THOSE CULTURELESS PEOPLE WERE TAUGHT A LESSON BY THE MORALITY UP KEEPERS!”