It only surprises those whose blind rage over anything Trump combined with their mistaken belief that inequality is “the defining challenge of our time” (Obama). If you prioritize inequality over growth you will have more inequality and less growth; if you prioritize growth over inequality you will have more growth and less inequality.
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‘Trickle down’ is meaningless and ignorant and does not withstand minimal scrutiny. It hides the greater issues of the size, scope, and expense of government; and whether consumers and investors can allocate resources better than bureaucrats.
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by Henry Oliner ‘Trickle down’ is the preferred pejorative of the left towards any tax cut that benefits those who actually pay taxes. The people who use it sound like idiots to anyone with a basic knowledge of economics. It
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At Stumbling on the Truth Cliff Asness points to the opportunities Trump missed at the first debate in Businessman, Defend Thyself: The next Clinton statement was truly bizarre. “Trickle down did not work,” she said. “It got us into the mess
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Reich’s reasoning supposes that the point of an economy is jobs, jobs, jobs, and that spending assures jobs. The writer Pascal-Emmanuel Gobry calls such a view “productionist,” as against “creativist,” and admits (as I do) that in the very short
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from the editors of The National Review, Hilary’s Disastrous Economic Plan It is economically illiterate, but Mrs. Clinton sincerely believes it, arguing that, in the same vein, raising the federal minimum wage would actually help U.S. employers by
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Robert Reich on Bill Maher’s Real Time spoke of the super rich and noted that the top 25 hedge fund managers each made a billion dollars in a single year, and then used that as a reason that the top
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