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" A poor person may buy a 10 year old used car for around $2,000.00. Someone else may buy a $80,000.00 new car. Hardly the same amount of sales tax paid by both." If you make $10,000 , that used car was 20% of your income. This may be a larger percent than what the rich guy paid for his. And the sales tax will be the same ratio.

One rich person may have the income of 1000 poor people, and he pays less in taxes. Because poor people put almost all of their incomes into necessary purchases, they pay a lot more in sales tax, per dollar of income.

Flat Rock NC
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"And it can’t be emphasized enough that everyone who shrieks about the dangers of the austerity bomb is in effect acknowledging that the Keynesians were right all along, that slashing spending and raising taxes on ordinary workers is destructive in a depressed economy, and that we should actually be doing the opposite."

Of course! Not a one of the plutocrats that inhabit the Senate doesn't understand Keynesian economics and history enough to know without a doubt that stimulus spending by government works to recover an economy EVERY SINGLE TIME IT'S BEEN USED. The congresscritter wannabees in the House are another story, some of them can't seem to wrap their heads around basic concepts like evolution, let alone the rigor of understanding economies.

out, you have been reading Krugman's book or his source materials. Compelling stuff. I watched him take Joe Scarborough apart this morning as Joe attempted to dismiss Krugman's theories. Joe asks why he can be so certain that he is right when all the 'math' says it's entitlements? Krugman smiles and asks Joe 'So for years now the austerity crowd has predicted ruin if we stimulate and for years I have been saying the opposite. So far Europe has gone with austerity and we have seen the results there. We have gone with mild stimulus and we are pulling out of the recession and all agree we are firmly into recovery in nearly every sector of the economy. Essentially I have been right and they have been wrong. It's crazy not to borrow and stimulate' Joe had nothing to say....

Secretary of State Clinton and President Obama may have been right when they stated during their recent interview that the "spouses have a harder time" adapting to the new reality.

It seems housewives from New Jersey also have a difficult time coming to terms with the fact that their cash cow (husband), currently 'gainfully employed' on Wall Street may be threatened behind their battlements of privilege and power. It's perfectly clear that the more hateful and hyperbole filled their rhetoric gets, the more frightened they are that the 'rabble' will once again rightfully assert control over this Country's governance and their 'cash cow' (husband) and their grifter ways on Wall St be curtailed. What will housewives from New Jersey do then? Welfare? Food stamps?

For anyone that truly knows history, this is nearly an exact re-staging of the FDR revolution. Same plutocrats, same issues, with likely the same results: Plutocrats lose.

To the 1% Buckle up bitch, your ride hasn't even STARTED yet!

First up, a transaction tax on stock trades-just like the REST of the markets around the world! That should plug a $30 BILLION a year hole to start...

East Fishkill NY
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The far eastern jiggolo dance of a jingoistic Jindal is a symbol for the new economic policiies of the Punky Ryan Zigots, a favorite Gulag Girl playlist choice.

Treasure Is FL
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*Krugman: Obama Won't Be Able To Pass Major Legislation In His Second Term *

Poor Krugtard, preempting Obama's future failures because of his inability to work with those who are refusing to allow him to push his ideological bovine excrement through. Priceless!

Rumson NJ
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Out: Your computations are flawed as you are using a "flat everyone buys the same items and will be taxed the same". A poor person may buy a 10 year old used car for around $2,000.00. Someone else may buy a $80,000.00 new car. Hardly the same amount of sales tax paid by both. Or a poor person may buy a used jacket at a yard sale for just a few dollars where typically no sales tax is collected at all. Where the other person will buy a new high fashion jacket for hundreds of dollars. They are not going to be paying the same amount.

Tulare CA
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Jingo Jindal, it could stick. Not so sure of the jiggling gigolo part.

Flat Rock NC
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Evaluate Bobby's dance performance like Len, Carrie Ann, and Bruno:

Len: He dances like a cappuchian monkey in Spandex, and rope around its neck.

Carrie Ann: He jiggles in all the wrong places, showing his transvestite goodies.

Bruno: His flaming socks set his crotch on fire! Oh my god, call the Los Angels Fire Department!

Treasure Is FL
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Jingoist Jindal hopes his ploy increases his romantic dance with voters, while maintaining his jiggolo role with Big Oil.

The New American Jiggolo should wear Spandex and Dance With The Stars for approval.

Treasure Is FL
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The recent speech by Bobby Jindal, Louisiana’s governor, has drawn a fair bit of attention. Conservatives would have you believe that it marks the start of real GOP reform; but the reality, as Andy Rosenthal says, is that Jindal wants to change the jingle in the commercial without changing the product.

And if you want a clear demonstration of that point, compare Jindal’s words and deeds. Here’s what he just said:

We must not be the party that simply protects the well off so they can keep their toys. We have to be the party that shows all Americans how they can thrive. We are the party whose ideas will help the middle class, and help more folks join the middle class. We are a populist party and need to make that clear.

And here’s what he recently did:

Louisiana Governor Bobby Jindal (R) recently rolled out a plan to replace his state’s personal income and corporate taxes with an increased sales tax. Such a move would shift taxes from the rich to the poor, who are disproportionately hit by the sales tax.

According to an analysis by the Institute on Taxation and Economic Policy, Jindal’s plan will raise taxes on the bottom 80 percent of Louisianians, while cutting them for the richest 1 percent:

– The bottom 80 percent of Louisianans in the income distribution would see a tax increase from repealing the personal and corporate income taxes and replacing them with a higher sales tax.

– The poorest 20 percent of taxpayers, those with an average income of $12,000, would see an average tax increase of $395, or 3.4 percent of their income, if no low income tax relief mechanism is offered.

– The middle 20 percent, those with an average income of $43,000, would see an average tax increase of $534, or 1.2 percent of their income.

– The largest beneficiaries of the tax proposal would be the top 1 percent—a group with an average income of well over $1 million. Louisianans in the top 1 percent would see an average tax cut of $25,423, or 2.3 percent of their income under the plan described above.

I guess there is some innovation here: finally, Republicans have stopped being the party that only want tax cuts, and have started becoming the party that wants to cut taxes for the rich while raising them on ordinary families. Populism!

Flat Rock NC
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One political commentator quoted minority leader Cantors 'tweet' to his followers. The attitude demonstrated by the House will have the same 'Executive Office obstruction' tone as last year.

The Republican Party has no achievable goals other than to prove that their political agenda is more important than that of the President and the Senate.

It's a childish 'King of the Hill' game played daily in Washington, D.C.

Treasure Is FL
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TOPIC: Paul Krugman blog