Max Corden
It has been blindingly obvious since before the GFC that taxes are too low. The neo-liberal free-market right-wing swill who have professed to have governed most of the planet - although many have experienced this as mis-governed - since the advent of Thatcherism.
I draw your attention to Paul Krugman's "Conscience of a Liberal" and Thomas Picketty's "Capital in the Twenty-First Century".
For some unknown reason the conservative side of politics in almost every part of the world have chained themselves to this neoliberal Thatcherite ideology which prohibits raising taxes for any reason and obsesses with driving them down and this causes so called "budget emergencies" which are in fact nothing of the sort
On the macroeconomic side they have their noses stuck to Hayeck and the politics of scarcity and thrift.
In his op-ed in the New York Times Paul Krugman points out that pursuit of such policies leads directly to long term recession and generational unemployment. That this is a historically proven fact, in that all these things have been tried before and this was the result. He has predicted a decade of generational unemployment and underperforming economies in the Eurozone. Its been six years now and his prediction is holding up so far. The question is: "which will come first; the truth of his prediction or the next GFC.
I congratulate Max Corden for supplying some credentialed argument for our neoliberal swill of a government as to the idiocy of their stance on the budget.
