Browse Archives

By Category

By Date



My Friend Sancho

My first book, My Friend Sancho, was published in May 2009, and went on to become the biggest selling debut novel released that year in India. It is a contemporary love story set in Mumbai, and had earlier been longlisted for the Man Asian Literary Prize 2008. To learn more about the book, click here.


If you're interested, do join the Facebook group for My Friend Sancho


Click here for more about my publisher, Hachette India.


My posts on India Uncut about My Friend Sancho can be found here.


Bastiat Prize 2007 Winner

Recent entries

Elephant in Kerala

So it’s about 10.45pm, and we’re headed in a tourist taxi to Siena Village, a resort a few kilometres…

‘The Businessman Panicked’

I don’t know why, but I find this kind of funny. And what’s with the quote marks in that…

III = III + III

Jonah Lehrer writes in Wired: Here’s a brain teaser: Your task is to move a single line so that…

‘An Offer They Could Not Refuse’

So while everyone’s celebrating the arrival of Akhilesh Yadav and how he’s revitalised the Samajwadi Party and UP Politics,…

Good Old Dravid…

... is done. The next time India walk out to play a Test match, my favourite sportsman of all…

08 April, 2009

A Real Bonus Outrage

Writing about the infamous AIG bonuses, Allan Sloan says:

If you want a real bonus outrage, consider this: The operation getting the biggest taxpayer subsidy of all - the federal government - pays bonuses to its employees too. This year it plans to hand out about $1.6 billion of bonuses, despite running more than $1 trillion in the red.

Ironically, many of the people who have cried themselves hoarse about how a private company is misusing taxpayers’ money have nothing to say about the astronomical wastage that takes place of the taxpayers’ money that is actually with the government—in any country. It is almost as if the government has a right to that money, for they are our rulers and we, their subjects—and not the other way around.

And here’s a thought—it’s much harder to bail out a government than an insurance company or two.

Posted by Amit Varma in Economics | Old memes | Taxes | Politics

Copyright (C) India Uncut - http://indiauncut.com
All rights reserved. Do not reproduce without permission. Email: amitblogs@gmail.com
This article is permanently archived at:
http://indiauncut.com/iublog/article/a-real-bonus-outrage/