How to Address the Great Western Revenue Crisis

Thus in any/every economy where a disproportionate share of an economy's wealth flows into the pockets of the wealthy we would expect the exact opposite problems we experience when (if) the poor had all the money. Instead of our economies overheating, this hollowing-out effect would cause our economies to get more and more sickly -- precisely mimicking the biological symptoms of anemia .

This is what our theory dictates, but what of our empirical evidence? Today the wealthy (most specifically the top-1%) hold the largest proportion of our societies' wealth in history. Worse, their annual incomes have never been higher while their effective tax rates have never been lower. The "sucking sound" as these parasites drain the remaining blood from our economies simply gets louder and louder.

What has been the consequence of this hollowing-out? Surprise, surprise! Exactly as our economic theory has predicted our revenue-starved economies are all at the point of collapse. Yet instead of doing anything to stop the blood-sucking of the parasites at the top, we have our governments continuing to insist that their victims engage in ever more-extreme dieting -- i.e. "austerity". Our governments have become nothing more than "pimps" for Vampires , like some low-budget "Dracula" movie.