“Trickle Down” Is a Plutocratic Religion, Not an Economic Theory February 18, 2012 by Mark Karlin on Buzzflash. Trickle down” is not an economic theory; it’s a self-enriching religion for the wealthiest amongst us. The economists and pundits are legion who have challenged the notion that the amassing of wealth by a privileged few results in more jobs being created in the US. After all, if this were the case – at a time the richer are becoming even richer – why did we nearly just reach a depression? ...Trickle down? The only thing that trickles down is wages in the US, and the decline of the manufacturing sector (despite some recent indications of a small revival – most notably by US automobile manufacturers). The salaries received by people who used to earn decent incomes have declined in far too many cases. That’s what comes of the Trickle Down religion. prosebeforehos/article-of-the-day/02/18/trickle-down-is-a-plutocratic-religion-not-an-economic-theory/#V2A0hbApUDLVccjp.99
Posted on: Wed, 06 Aug 2014 23:57:07 +0000
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