Sunday 30 June 2013

GBS AND MY MONEY

"A lot depends on what Bernardshaw will do next", informed my "wealth manager" from A bank.

First, a disclaimer: I do not have any wealth that needs managing. But by signing up for this service, I do get services delivered at my doorstep by the bank from across the street, in addition to a lot of drivel on financial markets.. One day they are sure to discover that I do not belong in that group, but until then my life is made a bit easier.

The thought of the long-dead Nobel-winning author and playwright rising from the dead only to take away and redistribute my meagre savings to people with even less - he was a socialist after all - boggled my mind. I was profoundly disturbed. My last encounter with the said Mr Shaw was 46 years ago, in college, when compelled to read his plays Pygmalion and Apple Cart. In a show of one-upmanship, and in order to impress my professor as much as to scare my classmates with my erudition, I chose also to read a few of his other works (not prescribed by the University).

He had, in my opinion, done enough damage by propagating Fabian Socialism which found an ardent adherent in Mr Nehru, India's first prime minister. The latter was the one responsible for many of our ills today - state ownership of businesses, the border problem with China, the "Hindu Rate" of growth, the dislike of and attempts to eliminate the "middle men" in total disregard to the risk-dispersing role they played, etc etc. My attempts to read many of Shaw's plays the better to make sensible comments on his "prescribed works",  not to mention impress afore mentioned constituencies, was a distraction I could ill-afford in my pursuit of Physics. My independent comments were not welcomed by the examiners, it turned out (a C for my efforts), who preferred the "standard answer". The greatest mortification was that smug and stupid girl who couldn't even spell right most of the time getting a B+ and pointedly asking me what my grade was.

As you can see, the thought of Bernardshaw coming back into my life  is unwelcome for a number of reasons. My banker's words deeply disturbed me.

I did rather like the movie My Fair Lady based on Shaw's Pygmalion, though. Especially the scene in which Eliza Doolittle urges the horse she backed to "move yer bloomin' arse". The songs "I could have danced all night" and "I have grown accustomed to her face" are my favourites. Rex Harrison was fantastic and Audrey Hepburn was pretty as she always was. It was one of the two or three movies I was allowed to watch while in college - the fact that it was based on my "prescribed play" was somehow deemed by my mum to be useful for enhancing my grades. When the grades finally came, it was too late but my mum's faith in movies as a means of improving grades was shaken for good. Lucky for them that she did not have any children after me.

I was trying hard to ascertain the ways in which Bernard Shaw could come back to affect my financial status for the worse. Socialism has largely been abandoned as "The God That Failed", publicly-owned enterprises are bleeding themselves to a slow but certain death, and redistribution of wealth would in all probability give something to me rather than take something away, etc etc.

Then it struck me: my banker was referring to Bernanke.

I think my financial well-being is in trouble, even without Bernard Shaw.





Friday 14 June 2013

A TASTE OF MONEY


Srini's Song

(sung to the tune of A Taste of Honey)


(Winds of) Change may blow
o'er the ICC
But I'll protect
the BCC(I)

A taste of Money
A taste much sweeter than wine

I will return
to the BCCI
I'll come back
for the Money and you

I leave behind BCCI to care (for)
And may you e'er
'member I own it dear
and the TNCA

I taste of Money
A taste much sweeter than wine

I will return
to the BCCI
I'll come back
for the Money and you

He ne'er came back
to the game so fair
And so they died
dreaming of his kisses
For his kiss was Money
A taste much richer than wine

I will return
I will return
I'll come back
for the Money and you
I'll come back
for the Money and you!

Saturday 8 June 2013

I'M A LIABILITY !

So says my bank.

It comes as a bit of a shock. Why wouldn't it? Consider the following facts:

I am not (yet) dependent on my children and manage my affairs on my own - grocery shopping, travelling, driving oneself here and there, buying railway tickets and generally doing everything that constitutes day-to-day life.

I even, for the most part, manage my technological needs and activities on my own. Last week I even de-fragged -  successfully, I might add - my desktop which my wife uses as her sole indulgence in modern technology and which I fill with all sorts of junk thus slowing it down. I have even partitioned the drive and moved some heavy files to a new partition, not to mention jail breaking a hand-me-down iPhone.

My claim of independence from children is not meant in any way to belittle the value of the daily long distance calls from my daughter - the daily exchange of life's trivia provides much entertainment to both parties and acts in addition as her stress-buster.

I have paid taxes for longer than most people have jobs these days, and continue to do so. I have paid  more  in taxes over the last couple of decades than most people earned in that period. I have never cheated on taxes notwithstanding my new-found enthusiasm for feeding the government as little as legally possible - it has as much to do with my views on where my money should go but does not, as with the simple arithmetic of income and expenditure. But I still pay as taxes sums far higher than any politician with assets hundred times greater than mine. In short, I would expect the government to consider me an asset. 

I do not depend on the society to provide me free anything - no free TV, no free laptop, no subsidised education, housing, health care, nothing. I do admit to using subsidised domestic fuel for which I am willing to pay the full price whenever it is demanded. I also am not a burden on the public transport system. I  am guilty of using the public roads but isn't that covered by my taxes? I have stubbornly resisted the urge to acquire a diesel-powered car in order to benefit from the subsidised prices of that fuel.  In sum, no freebies for me.

Never received any favours from the government - in fact was denied what was rightfully mine, which led me to desert the hostile (to me) academic shores of Madras and seek my fortunes elsewhere.

I do not get a pension from the Government  or any of the entities owned or controlled by it.

I have never borrowed from my bank. Nor ever defaulted on a loan.

Why then does my bank insist on calling me a "liability" and Vijay Mallya an asset?