Alberto Garzón, head of the United Left coalition, went even further: “Private banks are thieves, they are the main enemy of democracy and they are responsible for gutting our economies. A majority of the Supreme Court sides with them, ratifying that justice has a price and that the system is rotten and spent,” he tweeted.
Of course, as every economics student knows, a tax drives a wedge between what a seller receives and what a buyer pays, regardless of who nominally pays the tax. In other words, the protest in Spain reflects ignorance, and I blame economists (including myself) for not being able to communicate this better.
Anyone who knows Mr Garzón, please send him this video from MR University on exactly this topic: who pays a tax? It is part of a great collection of short videos designed to teach principles of Microeconomics.
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