"Jadugar Ki Jaan Totea Mea"--Governance, Corruption & Inheritance Policy
6 views
Skip to first unread message
adess singh
Jul 24, 2014, 11:55:47 PM7/24/14
to irinit...@googlegroups.com
The following is the text of letter to the Prime Minister:
Respected Prime Minister Sahib
Subject: “Jadugar ki Jaan Totea Mea”—Governance, Corruption & Inheritance Policy
In the story of ‘Sindbadh The Sailor’, the evil magician cannot be hurt because he hides his life in a parrot which is secure in a far off place. Likewise the Hydra of corruption and miss governance cannot be defeated by attacking it directly.
It was in 2004 that I was briefly exposed to the fact that, it is vital for society to moderate the manner in which wealth is passed from one generation to another. The surprising aspect of this line of thought is that it emerges from pure ‘capitalist’ thinking and values. In fact, the founding fathers of Capitalism actually understood the pitfalls of unfettered inheritance and protected their society from polarization of wealth and opportunity and its related social effects.
In a family centric (family obsessed) society, the importance of a rationalized inheritance policy cannot be overstated.
In the absence of such a policy, accumulation of family wealth becomes the reason and sole objective for existence. Pathological polarization of wealth and opportunity and its resultant effects on the psyche of society, must necessarily follow.
Across all countries, there is a very strong correlation between a rationalized inheritance policy and good governance.
• Countries that have a rationalized inheritance policy also have good governance.
• Countries that practice unfettered inheritance do not have good governance and are stuck in the quicksand of deeply embedded corruption.
The exceptions to the above strong correlation, are Canada and Australia. These countries have unfettered inheritance and yet have good governance. Countries like Singapore, China and Russia also have unfettered inheritance but are far too unlike India.
It is very interesting to observe the effects in countries that changed their rationalized inheritance policy to unfettered inheritance:
• Egypt opted for unfettered inheritance in 1996. Egypt used to be a stable society with a culture deeply rooted in its ancient past but that has all been undone and today it is essentially non governable.
• United States of America opted for doing away with its robust rationalized policy in 1999 and within a span of few years, sheer greed and connivance, bypassed all checks and balances that led to its worst economic situation.
As for India, an unfettered inheritance policy, is the anti thesis of the Preamble of our Constitution and rudely flies in the face of the Directive Principles of State Policy.
• The 4 page note 'Unfettered Inheritance--The Root of The Rot' which I had written in 2010 is attached; all necessary source references are at the end of the note.
• Sardar Kushwant Singh had mentioned about my short essay in his column in October 2010. (attached).
• Some 6 months down the line Mr. Montek Singh and Mr. Chidambaram had talked about rationalizing inheritance policy, in the full body Planning Commission meeting. (Press report attached).
• Just before the latest budget Mr. Chidambaram had again raised the point at a function at National Institute for Public Finance and Policy. (Press report attached).
• The World Bank too has suggested that India rationalize its inheritance policy. (Press report attached).
After you have gone through the material, which is of rather simple construction, please call me, as this simple topic evokes very emotional and interesting responses.
THIS AFFECTS ALL OF SOCIETY YET IS NEVER DISCUSSED.
Respected Sir today you have a choice and the strength, to lead the cause, or else be tossed in the wake of its effect.
I am eager to learn what you think of the matter how best to use it.
Jai Hind
Adess Singh
1179 Phase 5, Mohali, (Punjab) 160059
Mobile 0 9417016945
Respected Prime Minister Sahib
Subject: “Jadugar ki Jaan Totea Mea”—Governance, Corruption & Inheritance Policy
In the story of ‘Sindbadh The Sailor’, the evil magician cannot be hurt because he hides his life in a parrot which is secure in a far off place. Likewise the Hydra of corruption and miss governance cannot be defeated by attacking it directly.
It was in 2004 that I was briefly exposed to the fact that, it is vital for society to moderate the manner in which wealth is passed from one generation to another. The surprising aspect of this line of thought is that it emerges from pure ‘capitalist’ thinking and values. In fact, the founding fathers of Capitalism actually understood the pitfalls of unfettered inheritance and protected their society from polarization of wealth and opportunity and its related social effects.
In a family centric (family obsessed) society, the importance of a rationalized inheritance policy cannot be overstated.
In the absence of such a policy, accumulation of family wealth becomes the reason and sole objective for existence. Pathological polarization of wealth and opportunity and its resultant effects on the psyche of society, must necessarily follow.
Across all countries, there is a very strong correlation between a rationalized inheritance policy and good governance.
• Countries that have a rationalized inheritance policy also have good governance.
• Countries that practice unfettered inheritance do not have good governance and are stuck in the quicksand of deeply embedded corruption.
The exceptions to the above strong correlation, are Canada and Australia. These countries have unfettered inheritance and yet have good governance. Countries like Singapore, China and Russia also have unfettered inheritance but are far too unlike India.
It is very interesting to observe the effects in countries that changed their rationalized inheritance policy to unfettered inheritance:
• Egypt opted for unfettered inheritance in 1996. Egypt used to be a stable society with a culture deeply rooted in its ancient past but that has all been undone and today it is essentially non governable.
• United States of America opted for doing away with its robust rationalized policy in 1999 and within a span of few years, sheer greed and connivance, bypassed all checks and balances that led to its worst economic situation.
As for India, an unfettered inheritance policy, is the anti thesis of the Preamble of our Constitution and rudely flies in the face of the Directive Principles of State Policy.
• The 4 page note 'Unfettered Inheritance--The Root of The Rot' which I had written in 2010 is attached; all necessary source references are at the end of the note.
• Sardar Kushwant Singh had mentioned about my short essay in his column in October 2010. (attached).
• Some 6 months down the line Mr. Montek Singh and Mr. Chidambaram had talked about rationalizing inheritance policy, in the full body Planning Commission meeting. (Press report attached).
• Just before the latest budget Mr. Chidambaram had again raised the point at a function at National Institute for Public Finance and Policy. (Press report attached).
• The World Bank too has suggested that India rationalize its inheritance policy. (Press report attached).
After you have gone through the material, which is of rather simple construction, please call me, as this simple topic evokes very emotional and interesting responses.
THIS AFFECTS ALL OF SOCIETY YET IS NEVER DISCUSSED.
Respected Sir today you have a choice and the strength, to lead the cause, or else be tossed in the wake of its effect.
I am eager to learn what you think of the matter how best to use it.
Jai Hind
Adess Singh
1179 Phase 5, Mohali, (Punjab) 160059
Mobile 0 9417016945
 |
Get your own FREE website, FREE domain & FREE mobile app with Company email. | Know More > |
Reply all
Reply to author
Forward
0 new messages