What American author and journalist William Blum says here seems correct. The reason trickle-down economics doesn’t work is that making rich people richer does not provide them with any incentive to hire additional people. I had over 100 employees at …
Tag: trickle down economics
Creating a Wealthy Society Requires an Understanding of Economics and History
The meme here from a reader. These really are five excellent sentences–for people who have no understanding of how the developed world became developed, and how the United States became the world’s super-power following the close of the Second World …
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Restructuring the Edifice
And precisely what is this “edifice” to which MLK was referring? I would simply say trickle-down economics. Lowering the top federal tax bracket from 90% to 28%, while taxing Social Security benefits and handing out huge additional tax breaks for …
Trickle-Down Economics
All true. Yet we have neither the interest nor the capacity to turn this around. Progressives would like to see a tax schedule that looks like what we had between the end of World War II and Reagan’s inauguration, but …
Tagged with: trickle down economics
Republican Voters and the Role of Government
A reader asks, “What is wrong with Republicans? Don’t any of them get diabetes?” The problem is that these congresspeople represent people who don’t think that government should be in the business of doing anything good for the American people. …
Tagged with: all Americans receive a bounty of valuable services that are paid for by their tax dollars, dismantle the administrative state, Fox News crowd, Government isn't the solution; it's the problem, people who don't think that government should be in the business of doing anything good for the American people, trickle down economics
The Scourge of Trickle-Down Economics
Forty years after Reagan and the advent of “trickle-down” economics, it’s widely recognized that the theory was an abject failure. Of course, it didn’t fail the rich, whose already-huge piece of the pie has ballooned since 1980, an outcome that …
More on Trickle-Down Economics
Really? Are you saying that trickle-down economics (aka voodoo economics) has failed? Just like it did every time and everywhere else it’s been foisted off onto an unwitting public? That’s just astounding. Just as bad, it will continue to be …
Tagged with: trickle down economics
Trickle-Down Economics
The idea behind “trickle-down economics,” aka “Reaganomics,” as lampooned in the meme here, has been roundly discredited by the people who study this subject.
Wrapping Our Wits Around Trickle-Down Economics
Here’s a nasty little piece of irony: cowboy/humorist Will Rogers had a better understanding of macroeconomics than Nobel Laureate and trickle-down economist Milton Friedman.
Placed Correctly, Tax Cuts Actually Can Stimulate the Economy
As presented in this extremely well made video, it appears that the UK is wrestling with some of the same taxation and broader economic issues as we face here in the States.
