Bangalored (adj.) is a term that has recently been added to the dictionary owing to its increased usage as a term in normal spoken English. And in case you are wondering as to what this new word means…here’s a
link that will explain the word in it’s raw form.
The term coined by ‘anonymous’ and popularized by almost everyone in America who have some kind of hidden interest or visible loss behind using this word. Of late, this word was on the list of “top 10 most used words” by Mr. Barack Obama. Obama has such a fetish for this word that it almost always jumps out of his mouth everytime he is speaking in public and explaining what is America going to do about the current economic crisis.
Now of all the problems that led the world to the biggest recession of our lifetime, Obama has found Bangalored to be one of the top reasons. So much that it was on his top priority and featured in his election manifesto. And you can’t discount, this word alone had such a power that it rocketed Mr. Obama to the level of being President of the USA.
It is on the to-do list of Mr. Obama to ensure he pulls America out of global recession and puts it back on track to being an economic superpower. The other items in the list includes: (1)War on Terrorism a.k.a War on Iran, Iraq, Afghanistan, India, (2)help Pakistan get rid of poverty so that they could produce more efficient jehadis…I mean…terrorists…sorry freedom fighters…whatever! How else can you explain the stimulus of billions of dollars of American tax payer’s money to Pakistan and hoping it will eliminate terrorists and counter terrorism which is the only source of its economy. Alas, Pakistan does not have any terrorists…all they have are Jehadis….freedom fighters….God knows who they want to be free from…their wretched lives itself it seems!!
Coming back to Obama’s to do list…wait a minute…I can blog about it later. I will focus myself on Bangalored!!
Recently Mr. Obama reversed the tax rules that provided incentives to companies who Bangalored their ‘monotonous mundane mediocre’ jobs by ensuring they now pay more taxes for Bangaloring. The new mantra being “Say No to Bangalore and Yes to Buffalo”. Mr. Obama is hoping that such a change in the law would act as a deterrent and more companies will start thinking thrice before deciding to “Bangalore” its jobs.
To quote Mr. Obama:
“We will stop letting American companies that create jobs overseas take deductions on their expenses when they do not pay any American taxes on their profits. We will use the savings to give tax cuts to companies that are investing in research and development here at home so that we can jump start job creation, foster innovation, and enhance America's competitiveness. The way we make our businesses competitive is not to reward American companies operating overseas with a roughly 2 per cent tax rate on foreign profits; a rate that costs taxpayers tens of billions of dollars a year. But the way to make sure that happens is not to reward our companies for moving jobs off our shores or transferring profits to overseas tax havens. For years, we've talked about stopping Americans from illegally hiding their money overseas, and getting tough with the financial institutions that let them get away with it”
Well done Mr. Obama…you’re definitely on the right track. If such a law won’t stop companies from Bangaloring the jobs, America can at least boast of more income by way of taxes…these poor companies won’t have much option but to pay more taxes. At least this will still be better than doing Bangaloring in reverse and suffering huge losses. This recession took top three financial companies to hell…such reverse Bangaloring will take down God knows how many financially and strategically efficient organizations to hell. Did these companies had any other priority rather than making profit when they decided to Bangalore the jobs?? Mr. Obama to answer….
