Maani

You are somewhat correct on some of your points, and mostly incorrect on others.  I haven't the time to cite all the corrections.  However, call me crazy, but I think I will go with Roubini, Krugman and Stiglitz (among others) - the last two being Nobel Prize winners in economics - over you, no matter what degree you have.  And all of them disagree with you on many, if not most, of your points, to varying degrees.

I don't need an economics course to tell me that the economic system in this country is broken.  That a combination of government deregulation and Wall Street greed (not the absurdly suggested greed of the poor...) caused the economic meltdown that is at the heart of the Occupy movement.  I don't need an economics or political course to tell me that Citizens United made the economics/politics nexus even stronger, and will cause even greater corruption of our electoral process than we have ever seen.  (And that's saying a lot!)  I do not need an economics course to tell me that sustained unemployment of 9% or more is a recipe for continued economic stagnation, if not further decline, or that this is not causing an increase in poverty and homelessness.

As for taxes, I am all for raising them - on everyone.  In fact, the majority of Americans are in FAVOR of tax increases across the board (though you would never know it from reading the mainstream media).  But raising taxes on the wealthiest first - and highest - is still fair, since, despite the "visible" tax rate that they pay (the "high" one they claim), in actuality they are paying a lower tax rate than they have in over three decades, if all the loopholes, deduction, write-offs and give-backs are counted in.

Peace.