Less than 24 hours after unveiling a heap of new taxes on everything from cigarettes and beer to cement and steel, the New Pharoah of Egypt has reversed course. Walk (back) like an Egyptian:

https://twitter.com/aymen85uk/status/277933465289228288

https://twitter.com/MaathMusleh/status/277932130363908096

Stateside observers see parallels between two tax-happy, power-usurping leaders:

***

Yesterday: Egypt’s Mohamed Morsi reportedly amending decree, backing off sweeping power grab

Tags: