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DITTOS RUSH! Contemporary media musings bestowed by an American conservative Christian!

Monday, December 31, 2012

Economist Nouriel Roubini: Excessively taxing the rich kills jobs and business investment!

During a lecture at Italy's Milan Polytechnic on November 6th 2012, economist Nouriel Roubini is asked: "Do you think redistribution of wealth will help us get out of this recession?" Roubini: "When the degree of taxation of the business sector becomes excessive than the risk is less job hiring and less business investment." (2:40)

Nouriel Roubini nicknamed Dr. Doom and lately Dr. Realist by CNBC , is a professor of economics at the Stern School of Business, New York University and chairman of RGE Roubini Global Economics, an economic consultancy firm.

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