God, I get seriously sick watching News debates these days…bloody prevarication of facts…
Check the headline, and the first sentence of Hindustan Times. Asking for bailout, and asking for help in bailing out are two entirely different things! Kingfisher didn’t ask for Government bailout! It asked for bank loans!
Here are a few pointers:
1. Kingfisher airlines didn’t ask for bailout. It asked for LOAN from banks…loans are not grants, they are paid back.
2. Having said that, I am still against any payment…Vijaya Mallya should adjust his profits from other businesses.
3. Also, the taxes on fuels and service should be lowered by government. As Churchill said, ” I contend that for a nation to try to tax itself into prosperity is like a man standing in a bucket and trying to lift himself up by the handle. “. Stop taxes. If any profit is made then only corporates are supposed to run. Business is not charity, it is profit motive.
4. Lastly…stop bailout of Air India too, Pilots are not supposed to strike, buggers are supposed to work. Stop NREGA, stop subsidies, stop hypocrisy and double standards in policies. Government is there for minimal rule, to provide infrastructure, to maintain law and order, and to provide security. They are not to feed people, it is the job of the market, and competition, and survival.
With all private industries closing, POSCO, NANO stopped, Environment green goblins eating up projects, activists stopping nuclear plants even when half the country is having massive and acute power shortage, man this country is going down the drain…the Indian dream is over and out…we are pretty f***ed up, aren’t we?