They’re Scared to Death of Populism – LewRockwell
Posted by Martin C. Fox on January 19, 2017
But it needs to be granular, it needs to be regional, it needs to be focused on what will people get out of it and it probably means more redistribution than we have in place at the moment,” Lagarde told the panel.
So, to sum up – a bunch of rich, disconnected elites in Switzerland believe the world’s “middle class” will be better off if policy-makers “man-up” and increase taxes on the “wealthy” in order to redistribute wealth to the masses to “pay for social cohesion.” Yeah, that will work… we suspect echoes of “Four more years” will be heard in 2020 if they follow that path.
After the next news cycle does anyone care about or remember Davos? Next year Christine Lagarde may be attending via video link from prison. Hopefully when the EU and the Euro collapse Davos collapses with it.