There is a massive need for new state investment, more even than private investment – and there is a shortage of that as well. Few seem to have any idea about how that will be delivered, but some mention tax increases on wealth and maybe land. None talk about turning savings into the national capital that we need to rebuild the economy. It’s as if the entire economics profession has completely forgotten that there is any link at all between savings and investment.
This from the man with a grand plan to increase the taxation of wealth – that return to having saved and invested. For of course if you lower the return on something you increase the amount of it, don’t you?