Showing posts with label heir. Show all posts
Showing posts with label heir. Show all posts

Wednesday, April 10, 2013

TRUE HEIR TO MARGARET THATCHER - BOBBY JINDAL

What she did do was redistribute the burden of taxation downward, cutting top income tax rates while raising consumption taxes, which fall most heavily on low incomes. Her downfall came with the poll tax, a drastically regressive tax — the same amount for everyone, regardless of income — that was too much even for her own party.

And what that means is that her truest heir in America is … Bobby Jindal, the not-so-whizzy whiz-kid governor of Louisiana, who proposed scrapping his state’s income tax and replacing it with sales taxes.
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But strange to say, it’s not just Acela riders who hate this idea; so do the citizens of Louisiana, who disapprove by 63 to 27 percent. Jindal’s own approval has collapsed, so he’s having his own poll tax moment.
Bobby will be so proud.  Who knows but that Krugman's "tribute" might push Bobby's poll numbers up a bit?