What I'm getting at is this: if we tend not to trust the medical opinions of people who've never studied medicine, why should we assume that everyone understands economics? You see, economics is quite a tricky subject and a lot of its insights are counter-intuitive. But almost every day we read nonsense like this in the papers. It comes from laymen, politicians, columnists, and even from people who have studied what passes for economics in universities these days but which is really the preaching of socialism.
Mr Hartney writes:
Only the Scottish Socialist Party wants to tax wealthy companies to provide the funds for essential public services.Contrary to what Mr Hartney thinks, free market economics is not a "dogma", but a rationally thought out set of principles.
The figures of big company profits show how easy it would be to put a fraction of that cash to work for the common good instead of private greed.
Some of us, including myself, were rather shocked to learn that the Royal Bank of Scotland has a greater market capitalisation than Ford, General Motors, Nike and McDonald's put together. That's something we should be pleased about. Stealing the bank's profits would not benefit the "common good" but merely drive wealth-creators out of Scotland.