Aside from all the academic achievements previously listed, Krugman has a net worth of $2.5 million, so using conservative logic alone, he's not an idiot, that is, if you guys want to remain consistent
Imo, calling a professor at MIT an "idiot" is pretty stupid to say the least..
Also, his solutions coincide with Piketty in that they believe a progressive tax system is the solution to economic inequality, and as history shows, has been the only successful way to quell it in America
if krugman used his own buffleheaded economic plans in his own budget he would be in a penitentiary alongside Bernie Madoff.
somebody who espouses one thing for other people, yet does the opposite in his own life is not smart, thats a Hypocrite.
as to your claims of "history showing" that progressive taxes help the little guy, history shows nothing of the sort.
"progressive" tax schemes only create one of two results: Tax Dodges or moving your resources overseas.
rich people and businesses dont pay taxes.
WE pay taxes, since
Their taxes are rolled up into their pre-profit expenses.
you dont understand economics at all.
just like krugman and frenchy.
if you have a way to recoup your expenses, you do it, and your profit is calculated AFTER expenses.
this includes taxes.
if you lay a 90% tax on every dollar earned after 500k, then every dollar after 500k will be shuffled into another income stream, or tied up in a tax shelter until the lefties get the boot and tax rates return to reasonable levels.
would YOU work an extra 10 hours a week for overtime if the tax system resulted in your overtime pay being only worth 50 cents an hour after taxes?
no, you would not.
why would anyone invest, speculate or create jobs if the return on that investment was capped so brutally?
krugman and frenchy are proposing a Maximum Allowed Income, not a tax system.
and youre too ignorant to see it as such.
