Government announces strategy to control inflation.
Killing demand is the best way forward, says left.


The finance minister P Chidambaram announced the UPA government’s strategy to control inflation in the capital today. Speaking in front of a packed house, he said “The key is to control the demand supply equation. If the supply side cannot keep up, then demand should be cut. And nobody is better than the congress at killing demand”

The initial target of the strategy would be disposable income, which the minister plans to limit by raising taxes. “Inflation, I was told by D. Raja, is caused by excessive spending. So the obvious thing to do is ensure people don’t have money to spend at all. So we plan to relieve everyone in the country of their money through better and higher taxes. ” he added.

Insiders say that the multi faceted strategy would first ensure that all kind of disposable income is taken away from the middle class through a new tax called the ‘squeeze’ tax. It would be levied at a progressive rate that would be set based on how much money the left thinks you can spend. The idea is to take it all away.

In an interview later, Mr. D. Raja of the Communist Party of India explained that the new tax wouldn’t be fool proof but the left, as always, had a strategy. “What this tax cannot do is take away the spare change that people might cunningly carry around in their pockets. The government has been instructed to put officers at strategic locations on the streets who will take away any spare change in anyone’s pockets. No pockets should jingle, ever again,” he added beaming.

In other news, the CBI today requested the J&K high court to allow its officials to spend longer periods with the scandalous tapes saying “longer periods… alone, with the tapes would help investigations”.