Thursday, February 26, 2009

‘Obama Robin Hood’


Recently ET displayed a likely move by Indian government to oppose Obama lead US government's protectionist initiative move against outsourcing and "contest" against it in World Trade Organization. Often Indians support socialism based mixed economy, now US is turning red it is becoming Socialist. To discourage outsourcing, Obama has announced to not to provide any tax relief to the companies that outsources jobs to other countries. India is the outsourcing hub of the world, so it is obvious that Indian government is worried about the move.
Indian economy is swiftly reaching the extremes of deep turmoil. The export of handicrafts from India reduced by 50% hence it is clear that Indian labour market is in recession, Indians are loosing jobs in foreign countries too and government is already planning to help them out somehow.

Such protectionist moves will further force India to suffer hence Indian government is very likely to voice against such moves by Obama lead US government.

Yet, my question is, Is Indian government morally right to raise such issue?

First of all let me clear out, I am not at all supporting Obama's protectionist tactics.

What Obama is trying to do is to encourage American companies to employ the American workers as the unemployment is increasing sharply in US.

US companies outsources jobs to other countries because they get cheaper, competitive and good work-force outside and hence it provides them greater profits.

To avoid that, Obama is now trying to reduce the profits a company can gain by outsourcing, so that the company may protect the jobs for US citizens.

We can say that it is nothing different the reservation for Americans. That is, although US companies are free to employ workers from other nations and outsource jobs too, they will not get tax reliefs if they do so and that will decrease their profits.

When Indian Commerce and Industry minister Kamal Nath, who is a bigwig of congress, says that India will oppose such protectionist moves, I feel like laughing.

If Indian government really feel that such protectionist moves are wrong and reservation should not be there, why do Indian government support reservations in India?

Just some months ago, Congress lead UPA government was trying to enforce quotas and reservation for schedule tribe, schedule caste, OBC's and others in private sector too, was not that wrong?

How logical it is to force a private company and intervene in its internal matter about whom it should employ and whom it should not?

Sincerely, before opposing Obama, Kamal Nath and whole congress party should mull about and look inside their own pockets, they hold no moral ground to oppose Obama's move. In Fact, Indian government is much more culprit and misplaced with its irrational schemes of reservation.

Obama is hell bent to declare himself as the new Avtar of Robin Hood.

He is seeking some $1 trillion tax increase in budget plan. He is establishing socialism in US, ending any relief for the hopes of freedom and capitalism.

To pay for permanent tax breaks for the lower income group, Obama has proposed $1 trillion to be confiscated from the highest earning US citizens, financiers, multinational corporate, and companies. Obviously, this move makes him feel like Robin Hood the robber.

Now, the lower income group obviously is huge in number, and hence it is potential vote bank too. Thus, looting the rich and distributing it in poor will help Obama in his political career.

I wonder why people cannot understand that by punishing the Job creators, no one can help job seekers. That $1 trillion, which can be used by the rich to create jobs, will be wasted on non-productive-activities again and that will further create ground for the next cycle of recession. Anyways, US new government is hell bent at cutting the roots of richness of US.

Tax is monetary punishment for being rich, for being able to earn an opulent life. Tax is an enforcement which states that you cannot live happily if some other person is not happy, that is, you are allowed to be happy only if the other person who cannot earn as much as you is also happy. Tax is socialism and obviously anti-human.

A rich man can create and provide jobs because he has potential he has money to invest. If government takes that potential out of his hands to distribute it in poor, he looses his potential to create jobs and hence further wealth.

Liberty is under threat in US.

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