there ya go... proof he's a genuine economist there ya go... proof he's a genuine economistProof he’s a genuine elitist idiot...who took one too many psychology classes while claiming to be an expert in music. Sounds like he is an expert in nothing but anti right wing politics and hating the Pope & religion in general.
It gets “better”...
National debt, income inequality, and taxation
First of all we have a contradiction that is plain for anyone to see. National governments are struggling to pay their debts, while at the same time multinational corporations are making gigantic profits. In most countries, the wealth gap (the gap between rich and poor) has been steadily rising for decades (income inequality). Now in 2012, ordinary people in the middle and working classes are being asked to accept “austerity measures”.
This is distortion of the truth (aka bullshit) and it should be identified as such. If money is needed, the people who should pay first are those who have money. Where else is the money going to come from? Clearly, the rich are not being taxed enough. Governments should be taxing wealth more directly, in addition to income, and separately from it. We also urgently need transaction taxes (e.g. Tobin tax) to generate urgently needed taxation income and at the same time curb financial speculation, and we urgently need environmental taxes (e.g. carbon taxes) to combat global warming and other environmental problems. Regarding wealth tax, we need more transparency about the total wealth of individuals. Everyone with any net wealth (or at least those whose wealth exceeds a given threshold) should pay about one percent of that wealth to at least one national government every year.
Taxation and redistribution of wealth are the main problems that we are facing. Of course there are other problems, but these are the main ones, because when they are solved the others will disappear or be easier to solve. Those who put other issues at the top of the list are in denial about the main problem. Those who hide the taxation issue by pretending that other, more complicated, less transparent problems are the primary cause of the crisis, and those who are constantly diverting attention toward those complex issues, are distorting the truth and ultimately preventing a resolution of the problem.
http://www.uni-graz.at/~parncutt/politics.html