Friday, December 09, 2011

A peon at Ujjain Municipal Corporation, MP has been found to possess fully furnished air-conditioned homes, a farmhouse, 3 cars, 4 two-wheelers, 5 acres of land in Maharashtra and Haryana and is part owner of a factory. Initial estimates put his wealth at Rs 100-120 million when he has legally earned Rs 1.2 million in salary in 31 years of service. No surprise. An overwhelming majority of government employees are criminals, enriching themselves with direct theft of funds and extorting bribes from the hapless public. And there are millions of these useless parasites. They are a major source of black money causing the bubble in the property market leading to uncontrollable inflation, depreciation of the rupee and collapsing economic growth. Their salaries are higher than in the private sector which is the main reason why we have to pay extortionate taxes which, in turn, add to inflation and reduce growth. In spite of constant lies about how oil products are being subsidised it seems that the government earned over Rs 1 trillion in 2010-11, an increase of 43% or Rs 300 billion over the previous year. TOI, Friday November 25. Of this Rs 262.81 billion came from customs duties and Rs 765.46 from excise. Although oil companies are said to be incurring a loss of Rs 1.32 trillion they have paid out 13% more in dividends. Bunga bunga economics by the Congress. In a macabre joke in the Parliament our most revered Finance Minister said that although the economy is in a lot of bother there would be no need to eat lizards as the fundamentals are strong. When everything is paid for by the taxpayer you can be oh so humorous. Callous!

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