“The Progressive Income Tax” is one of those economic terms that gets bandied about, but few actually know what it means or how it works. This tale of three similar brothers with three different incomes (but one shared expense) helps explain the tax system under which we live.
Peter Schiff is host of The Peter Schiff Show, an audio show broadcast on terrestrial and internet radio and was formerly host of an internet podcast called Wall Street Unspun now archived as podcasts.
Schiff acquired significant internet fame for correctly predicting in 2005-2007 the collapse in U.S. housing prices that would occur in 2008 and the global financial crisis that would ensue. In 2010, Schiff ran in the Republican primary for the United States Senate seat in Connecticut, but lost to Linda McMahon.
Schiff is known for his bearish views on the US economy and US dollar, and his bullish views on commodities, foreign stocks and foreign currencies. Schiff also voices strong support for the Austrian School of economic thought, first introduced to him by his father Irwin.
 Wikipedia, Peter Schiff, http://en.wikipedia.org/wiki/Peter_Schiff