The Anonymous Widower

Margaret Thatcher’s Legacy

You could argue for years about Margaret Thatcher.

But it wasn’t what she did or didn’t do, that she leaves behind. In the course of history, there are only a few politicians, philosophers and sad to say despots and dictators, who have changed the world.

Margaret Thatcher showed that no rule or thought in traditional thinking is sacrosanct, when it comes to shaping the world.  Since then we’ve seen lots of radical ideas work, that would have never even been thought of, had not Margaret Thatcher and a few others shown that you could do something different.

Would Tony Blair have been able to reform a Labour Party, stuck in the 1920s, without Margaret Thatcher showing what radical thinking could do? Or Ken Livingstone, reinvent himself, to make a comeback as the London Mayor. I suspect, if Margaret Thatcher hadn’t been a radical Prime Minister, we’d have had a succession of useless worthies in the last few years.

I’ll only give one example of where Margaret Thatcher ditched conventional thinking.

In 1982, conventional thinking, said that to attempt to retake the Falkland Islands after the Argentine invasion was utter madness, and many on all sides of the political spectrum said that to give the islands away was the best solution. How many people today, think that the decision to retake the islands was wrong? Not many I suspect! I’ve even met an Argentinian, who felt that we did his country a favour, by effectively getting rid of the evil dictatorship of General Galtieri.

Without Margaret Thatcher my life today would be very different.

After I had sold my first successful software; Pert7 to ADP, I received an offer to go to the United States to write a PERT system for a large US computer corporation.

How they got my number or the fact I’d sold out, I don’t know?

Soon after, I was approached to write a PERT system, which later became Artemis, so I turned the Americans down.

I suspect that if that hadn’t happened, I’d have eventually moved across the Atlantic, as it was just impossible to provide for a growing family with the tax rates, then in force.

i didn’t move, as neither C or myself could have ever lived abroad permanently.

But Margaret Thatcher’s Tax and other reforms enabled me to stay in the country of my birth. If tax rates were still as the eighty percent plus they were in the nineteen seventies, I doubt many of the brightest in the UK, would not have gone to where pastures were greener.

One aside here is a story from my accountant of the 1980s.  A confirmed Socialist, he was not a supporter of Margaret Thatcher, but felt the tax reforms of the time were very good for the country.  Although tax rates were lowered, her Chancellors were good at closing the myriad loopholes that had been developed by clever members of his profession. There may be a lesson here for today’s politicians, who need to both maximise the tax take and keep voters happy.

 

 

April 17, 2013 - Posted by | World | , , , , , ,

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