Browse Archives

By Category

By Date

About Amit Varma

Amit Varma is a writer based in Mumbai. He worked in journalism for over a decade, and won the Bastiat Prize for Journalism in 2007. His bestselling novel, My Friend Sancho, was published in 2009. He is best known for his blog, India Uncut. His current project is a non-fiction book about the lack of personal and economic freedoms in post-Independence India.




Bastiat Prize 2007 Winner

Recent entries

For this Brave New World of cricket, we have IPL and England to thank

This is the 24th installment of The Rationalist, my column for the Times of India. Back in the last decade,…

Farmers, Technology and Freedom of Choice: A Tale of Two Satyagrahas

This is the 23rd installment of The Rationalist, my column for the Times of India. I had a strange dream…

Trump and Modi are playing a Lose-Lose game

This is the 22nd installment of The Rationalist, my column for the Times of India. Trade wars are on the…

Population Is Not a Problem, but Our Greatest Strength

This is the 21st installment of The Rationalist, my column for the Times of India. When all political parties agree…

Can Amit Shah do for India what he did for the BJP?

This is the 20th installment of The Rationalist, my column for the Times of India. Amit Shah’s induction into the…

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/

Commenting is not available in this weblog entry.