[www.keralites.net] Black Money!

 

Black Money!   A thought provoking article.  Don't know who is the author, buthas applied his mind. A long but interesting forward, as received: Black Money  v/s Ambani, Adani Mallya ! Most left wingers start screaming #Ambani and #Adani the moment people talk about #BlackMoney. They talk about the mansions, the luxury cars, yachts and opulent lifestyles. But the fact is these people know nothing about what is black money in actual terms. Ambani, Adani or Mallya might have earned their big money through unethical means by exploiting the loopholes in our legal systems. They might have borrowed from banks without returning the money, manipulated the stocks or simply stolen from public resources. But these are crimes that come under different laws and these people know how to get out of the legal tangle. But all these acts do not make their wealth black money. We can call it ill-begotten wealth but it is not really black money. Mallya is a chronic defaulter. Adani is a smart and industrious man with great knack to get things done. Ambani is a ruthless businessman with a solitary aim of becoming the richest man in the world. Now, if we look at his aim, hiding his cash will not make him the richest man in the world. It is showing his wealth, that will make him the richest. We Indians revere Bill Gates, Warren Buffet and such tycoons but somehow carry enormous hatred for Ambani, Adani and such people. That's truly funny because more people have benefited and are earning a living thanks to people like Ambani and Adani than people like Karat and Yechuri. It has been a fashion in this country to portray the rich as the villain, thanks to the myopic policies of Nehruvian legacy. I don't deny the fact that the rich might have earned their Crores due to the sweat and hard work of the workers. The rich might have exploited the poor in many cases too. But in a modern world, we need to look at the other side too. The rich had to often mortgage their home and properties to start a company. They had to bribe through their noses to get the license, permit, electricity connection and such basic things. In the process of becoming an entrepreneur, the risk taker often becomes hardened and might come across as insensitive. If the workers have invested their sweat and blood, the businessman has invested his money, brain, heart, sleep and health into it. All this often has been dismantled and decimated by followers of Yechuri and Karat or for that matter, any union leader. While capitalism might sound like a bad ideology, Socialism and Communism have fostered mediocrity and nothing else. India could have been a much better place but for the stringent adherence to Socialism for most parts till globalisation was thurst on us by a helpless PVN. Our economic policies have definitely been rightwards since then, though Congress was a left of centre party and BJP, even more left in economic policies. So what Modi is doing ? #Demonetisation is not aimed at Ambani or Adani. They don't really have the black money. The black money is in the system. When we buy a bulb costing 50 rupees for 45 rupees without bill, we are creating black money. When we pay that 1 thousand to the government servant to get a file moving, we are creating black money. When a traffic police catches us for petty case, we pay 200 rupees to escape a 500 rupees fine. We are creating black economy. Doctors, Advocates, Politicians, Police, Businessmen, Priests and practically, everyone can own black money. If we consider less than 1% of our population indulges in buying without a bill at a given moment, we have over 50 Crore rupees getting converted into black money in just 1 minute. The Cooperative Banks, chit funds, real estate Lords and the underworld nurture the black economy. With enormous amount of fake currency pumped into the system by Pakistan based Hawala networks, the economy stagnated. Real estate and markets thrive on artificially created booms. The government brought up with Mai Baap policies is bankrupt because all the money that should have gone to the government is in the hands of a few people, who enjoy stockpiling notes. They don't spend it. They just achieve orgasm looking at the piles. It is this uselessly piled cash and investments in Benami properties that is the flesh, blood and backbone of black economy. By demonetising in a shock move, Modi has broken the backbone of this black economy, that is the underworld. It definitely is not the final solution but the right step in the right direction. More raids, stronger action against Benami land mafia and sustained efforts to keep fake currency networks out are needed. But I reiterate, the first and most important step has been taken. If anyone of your motivated or ill-informed or brain washed friends continue to rant about Ambani and Adani, there is a possibility they might have lost out on some of the piled cash or have been totally fooled by people like Mamta Didi, Udhav Thackeray, Mayavati or Arvind Kejriwal. Forgive them for they know not, what they are doing. India is on the right track and firmly behind the right man. Yes, he is Right and thankfully not left.

 

 

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Posted by: Cool Kis <cooolkis@gmail.com>

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