Posts Tagged ‘ trickle down economics ’

Wealth inequality in America

April 24, 2013
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The following short video recently went viral and received more than 5.5 million views on YouTube. Using accurate and easy to comprehend graphs, it showcases the full scope of U.S. income inequality. The video is mostly based on a paper written and published by Michael I. Norton and Dan Ariely, titled “Building a Better America—One Wealth Quintile at a Time.” It also references other data provided by a number of mainstream and progressive websites such as CNN, Motherjones and ThinkProgress. The video is receiving interesting responses from conservative and neo-liberals, who either challenge the accuracy of the video or attempt…

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Affluent people and trickle-down economics

October 29, 2012
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When the latest republican president, George W.Bush encouraged people to go shopping and introduced massive tax cuts on corporations and the wealthiest he acted as perfect role model for conservative economic politics. Mitt Romney is now running for president by promoting the same ideas and further tax cuts.  These conservative policies are often justified by recourse to “trickle-down economics,” the idea that tax breaks or other economic benefits provided by the government to businesses and the wealthy will result in further investment by the rich, leading to more jobs and hence benefiting the poorer members of society. But does money really trickle down? The…

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