This is ideological. It’s not that there isn’t enough money to fund proper healthcare or pensions. There is. Remember the vast bank bailouts? Quantitative easing? It’s just that the cash is being directed elsewhere. Most notably to the private sector in the form of massive corporate subsidies, while public utilities are slowly being starved to the point of decrepitude and collapse.
Managing to combine both the stupidity of the magic money tree with the incredible ignorance of the idea that depreciation allowanecs are coporate subsidies.
And yes, he is employed as an academic. Guess where?