Skip to main content

Socialists are thieves!

That France plans to impose a 75% tax on the rich shouldn't come as a surprise to anyone. After all what else can you expect from liberal socialist hand-out demanding French? Remember the French revolution? A bloody affair that legitimized terror in the pursuit of what was deemed a republic of virtue! One that ensured thievery would be garbed under what was proclaimed an act for social good!

France is going back to such thievery (read, 75% tax). Only difference is, this time around the thieves sit in government, so the act is legitimized even more.

What a shame.

Where free markets reign, no one gets rich through thieving. The only way people rake in the moolah in such markets is by either participating in, or owning the act that creates value for consumers. To put it plainly, the only way to stack up legitimate wealth is by making and selling products and services that consumers buy.

In free markets, consumers are who make people rich!

Sam Walton didn't get rich by going fly-fishing. He earned his wealth by building a mammoth business that consistently created value for middle class America. The strategy to have consumers eating out of his hand (read, shopping at his stores) was tagged under the title 'Every Day Low Prices'.

Now should anyone grudge Walton his wealth?  Sure, Obama and his acolytes probably would, which explains why they are hellbent on turning America into a socialist nightmare! Anyone who's not a liberal socialist will celebrate Walton and his wealth.

Tell you what, wealth the kind Walton made is perfectly legitimate, and more importantly, deserved. Taking 75% of that is plain thievery. France has plans for such thievery.

I am not surprised. You shouldn't be either!


Popular posts from this blog

Situational Involvement of Consumers

There are two types of involvement that consumers have with products and services, Situational and Enduring. Situational involvement as the term suggests, occurs only in specificsituations whereas Enduring involvement is continuous and is more permanent in nature.

Decisions to buy umbrellas in India are driven by the onset of Indian monsoon. Monsoon rains arrived in India over the South Andaman Sea on May 10 and over the Kerala coast on May 28, three days ahead of schedule. But then, after a few days of rain, South India is witnessing a spate of dry weather. Temperatures are soaring in the north of India. The Umbrella companies in the state of Kerala are wishing for the skies to open up. So is the farming community and manufacturers of rural consumer products whose product sales depend totally on the farming community. The Met. department has deemed this dry spell as 'not unusual'.

India's monsoon rains have been static over the southern coast since last Tuesday because of a…

Prior Hypothesis Bias

Prior Hypothesis bias refers to the fact that decision makers who have strong prior beliefs about the relationship between two variables tend to make decisions on the basis of those beliefs, even when presented with the evidence that their beliefs are wrong. Moreover, they tend to use and seek information that is consistent with their prior beliefs, while ignoring information that contradicts these beliefs.

From a strategic perspective, a CEO who has a strong prior belief that a certain strategy makes sense might continue to pursue that strategy, despite evidence that it is inappropriate or failing.

Ref : Strategic Management : An Integrated Approach, 6e, Charles W L Hill, Gareth R Jones

Wearing Cuba means Walking Cuba

There's something ethereal about wearing 'Cuba'. Suddenly its the streets of Havana, smoke filled and lit by the groovin', more than the lights. The bars are packed to hilt and dreamy women seem to glide by. The feeling's beyond magical.

How did I get there?

Before I explain, I gotta tell you about the power of brands to take you places. Brands bring with them an ability to prompt you to conjure up the unreal. They can transform your reality into fantasy. And consumers are more than willing partners to brands as the drudgery they face in everyday life begs an injection of fantasy. Brands that operate in a zone of the unreal do the conjuring act as there's nothing else that consumers can call for, while making judgements. For instance, what should I be judging the lip paint on? Its colour and tone or its ability to turn me into a diva?

Cuba's a perfume. The moment I wear it, I am traipsing the streets of Havana. Its smoke filled bars I see. Its music I hear and…