New Year Resolution
January 7, 2013 2 Comments
Born Rich
January 7, 2013 Leave a comment
I tumbled on this title this evening and watched it after dinner.
The documentary is just about an hour long and I think its well worth watching.Do watch it if you haven’t seen it before.You will come away with much to think about.
As you sit though the documentary,you will identify with some of the things these 20 somethings say and be alienated by others.You will like some of the kids featured and dislike others.But how were we all at 20?I was no such heiress but I certainly have memories of poor behaviour and intemperate speech I cringe at today. Read more of this post
Abby Johnson
January 6, 2013 Leave a comment
Abigail Pierrepont Johnson,an heiress to a Boston family fortune derived from farming,oil and gas,lumbering,a hotel,real estate services,a bus line and the investment management company Fidelity has a personal net worth estimated by the Bloomberg Billionaires index at $10 billion.She is one of the world’s richest women. She’s also one of the most driven and hardworking. In her 24 years at Fidelity Investments, the mutual fund company founded by her grandfather, Abby has worked through two pregnancies and it is believed a bout with cancer in 2007 .
Abby is termed the Invisible heir.Silence has been her mode for years. She even said little when she was named president of Fidelity Investments Financial Services , making her second in command at the $3.8 trillion mutual fund company. She reports to her father, Fidelity Chairman and Chief Executive Officer Edward “Ned” Johnson III, and her elevation to the No. 2 position arguably makes Abby the most powerful woman in finance.With her ascension, Abby, 51, has become the leading member of what today is still a very small club. In the financial world, only a handful of women have reached the top ranks. Read more of this post
The History Of Inheritance Tax in India
January 6, 2013 Leave a comment
With rising fiscal deficit, fiscal consolidation is suddenly front page news. The government hasn’t done well in its attempts to raise revenues both tax and non tax.The sense of alarm has brought back discredited ideas centre-stage.One of these ideas is a tax on inheritance,a favourite hobby horse of the Leftists.No matter that it was overextending ourselves on repackaged Garibi Hatao welfare measures with a proven record of ineffectiveness that brought us to the fiscal mess in the first place.Inheritance tax is being touted in the UK,US,Germany,Italy etc as a measure to claw their way out of recession.Small wonder that there is a clamour by the intellectually bankrupt for its reintroduction in India. Read more of this post
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