Thursday, May 26, 2011

Trickle Down Econmics Debunked

As anyone who has read my blog over time knows, I am a firm disbeliever in the magic pixie dust that conservatives call "supply side" or "trickle down" economics.

This is because, well, it doesn't work. Sure, it's wickedly efficient for creating spectacular new wealth for the already richest 1-2 percent of our society, but for the rest of

Nope. It does not work. And not only that, but it has both been repeatedly proven to not work in recent and older history AND it's implementation has directly caused virtually all of our current major economic problems.

Posts by me on this topic are HERE, HERE and HERE.

But don't take my word for it. Check out the recent article from SLATE that - as articulated by a friend of mine - uses facts, data, truth and in-depth analysis to debunk the prevailing conservative economic program of the past 30 years.

This is important to understand now because the Rs and conservatives (and to some degree even Ds by the overall lack of desire to challenge) are once again prescribing "trickle down" economics as the big answer.

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