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Trickle Down Economics

The 'Switched On' Enterprise: The Triumph of Insight Over Ideology

Nick Seneca Jankel | Posted 04.17.2015 | Business
Nick Seneca Jankel

As someone who has consulted to scores of the largest corporations on the planet, I believe that the ideology of capitalism is almost always damaging to the social, ecological and spiritual systems it relies on to exist.

Learning From Franklin Roosevelt: Trickle-Up Economics

Preeti Vissa | Posted 04.09.2015 | Politics
Preeti Vissa

Roosevelt understood that people who feel they have an economic future and a sense of stability are more able to spend money and participate in our consumer-driven economy. That means more business and more profits for companies selling all sorts of goods and services. Sooner or later, even the CEOs benefit. Call it "trickle-up" economics.

Who Really Controls Wall Street, and Why It Matters

Nourish International | Posted 03.31.2015 | Business
Nourish International

We have to remember that the same banks responsible for so much of the financial strife, confusion, and crisis are guided by social forces. When we believe our financial systems are beyond our control, we neglect our responsibility to those most impacted by its flaws.

'R' Is for Republican and Reverse

Gerry Myers | Posted 03.02.2015 | Politics
Gerry Myers

Democrats keep trying to drive our country forward with policies designed to help Americans in the 21st century. Unfortunately, Republicans are stuck in reverse. In 2016, let's find Democratic candidates who will move the country forward.

Democrats Help the Middle Class - Why Can't They Win Elections?

Sean McElwee | Posted 02.24.2015 | Politics
Sean McElwee

In the run-up to the 2016 election, Republicans are trying to position themselves as the party of the middle class. It may well work, but not because Republicans are in fact reformist, but rather because voters and pundits eschew data and instead focus on rhetoric.

IL Governor Rauner Gets $750,000 Tax Break, Proposes Slashing Services to Middle Class and Poor

Robert Creamer | Posted 02.24.2015 | Politics
Robert Creamer

Bruce Rauner may think that he is auditioning for a spot on the 2016 GOP ticket or a cabinet post in a Bush, Walker or Christie administration. In fact he could easily become the national symbol of the trickle down economic theory that has failed to produce benefits for everyday Americans.

Build Loyalty -- The Cost -- $00.00

David Kanegis | Posted 02.18.2015 | Business
David Kanegis

Remember your customers are humans just like you. They want the most and the best for what they are paying. Within the bounds of your bottom line -- give it to them.

If You Think the GOP Is 'Refocusing' on the Wealth Gap, I've Got a Bridge to Sell You

Robert Creamer | Posted 03.29.2015 | Politics
Robert Creamer

The New York Times reported last week that in the closed-door Republican Senate Caucus retreat, Republican Leader Senator Mitch McConnell "encouraged the Republican troops to refocus policy on the stagnant middle class." That would be like asking the wolves of the world to stop hunting and refocus on cultivating asparagus.

The Republican's Magical Mystery Tour (Starting Next Week)

Robert Reich | Posted 02.27.2015 | Politics
Robert Reich

According to reports, one of the first acts of the Republican Congress will be to fire Doug Elmendorf, current director of the non-partisan Congressional Budget Office, because he won't use "dynamic scoring" for his economic projections. Dynamic scoring is the magical-mystery math Republicans have been pushing since they came up with supply-side "trickle-down" economics. It's based on the belief that cutting taxes unleashes economic growth and thereby produces additional government revenue. Supposedly the added revenue more than makes up for what's lost when Congress hands out the tax cuts. Dynamic scoring would make it easier to enact tax cuts for the wealthy and corporations, because the tax cuts wouldn't look as if they increased the budget deficit.

Wealth Inequality: Trickle-Down or a Sinking Ship?

Misha Pinkhasov | Posted 02.22.2015 | Money
Misha Pinkhasov

Three makes a pattern so, with inequality at the top of the news - be it about champagne wars at the House of Lords or the inherent privilege of white males on the streets of America - it is time to have a conversation about the difference between privilege and patronage.

Which Hazard Is Better Contained: Ebola or Extreme Economic Inequality?

Timothy J. Barnett | Posted 12.27.2014 | Politics
Timothy J. Barnett

Design changes in Ebola management protocols make it highly probable that the Ebola hazard in America will be successfully contained. In contrast, the hazard of wealth-concentration policies implemented by central banks is not under containment. This problem threatens the very fabric of democratic enterprise.

What Would the Last 50 Years Look Like Without Rapidly Growing Inequality?

Sean McElwee | Posted 12.10.2014 | Politics
Sean McElwee

The rich won't be so easy to persuade -- in a massively unequal society, even modest economic growth still benefits economic elites. Don't worry about growth, worry about inequality.

Super-Rich Guy To 'Zillionaires': Back $15 Minimum Wage Or Prepare For Revolution

The Huffington Post | Alexander C. Kaufman | Posted 07.03.2014 | Business

A Seattle millionaire is urging his super-rich peers to support a $15 minimum wage or face the possibility of a devastating populist revolt. In an ...

What's the Matter With (Tax Cuts) in Kansas?

Jared Bernstein | Posted 08.29.2014 | Politics
Jared Bernstein

Ask yourself whether this all sounds familiar: cut taxes on the wealthy and you'll unleash enough growth to more than make up the difference. Investment will flourish leading jobs, wages, and productivity to accelerate. It's plain old vanilla trickle-down, supply-side economics.

The Long Con: How Conservative Ideology Became a Con

Lisa Longo | Posted 08.16.2014 | Politics
Lisa Longo

Does anyone actually still believe the words "trickle-down theory" have any valid meaning? Is anyone buying into this fiction that increasing the minimum wage would ruin our economy but multi-million dollar executive salaries don't increase prices at all?

Ryan Grim

Elizabeth Warren Simplifies Thomas Piketty: 'Trickle Down Doesn't Work. Never Did'

HuffingtonPost.com | Ryan Grim | Posted 04.25.2014 | Politics

The No. 2 author on Amazon's best-seller list, Sen. Elizabeth Warren, weighed in Thursday night on the No. 1 book, identifying overlapping themes. ...

Thomas Piketty Is Number 1 On Amazon Right Now

The Huffington Post | Emily Cohn | Posted 04.22.2014 | Business

The number-one book on Amazon.com isn't a guide to green juice or an erotic romance novel. No, the top seller on Amazon right now is a 700-page book, ...

Dozing Through 'The Great Moving Right Show'

David Coates | Posted 06.14.2014 | Politics
David Coates

The greatest danger currently facing all of us in America, and particularly progressives, is one of drift. As an economy, the United States is drifting along a low-growth path that is acclimatizing all of us to levels of unemployment which only a decade ago would have been treated as an outrage. As a society, the United States is drifting towards levels of income and wealth inequality so large that, if left unchallenged, will soon become irreversible. And as a political system, the United States is drifting towards a Republican sweep of both the House and the Senate in November unless the democratic left acts now to reverse what is in truth a carefully orchestrated and heavily funded great moving right show. Those of us of a progressive predisposition are drifting towards a political defeat of historic proportions -- one underpinned by an economic and social settlement of a highly conservative kind -- and we are doing so with what would appear to be only the slightest sense of alarm.

Business Lessons Every Entrepreneur Can Learn From the Walking Dead

Paula Conway | Posted 04.16.2014 | Business
Paula Conway

Like running with the dead, getting ahead in business is not complicated; just pick up the speed.

Bill de Blasio Lifts the Left

Brent Budowsky | Posted 04.15.2014 | Politics
Brent Budowsky

Bill de Blasio has lifted the left and is a man to watch in 2014. I have a hunch that the next Democratic nominee for president will be watching him closely, too.

Next Time Someone Argues For 'Trickle-Down' Economics, Show Them This

The Huffington Post | Kathleen Miles | Posted 02.17.2014 | Business

Conservatives like to say that "a rising tide lifts all boats." In other words, if an executive makes $20 million a year, his income will eventually t...

North Carolina: A Laboratory for Trickle-Down Economics

Annabel Park | Posted 03.25.2014 | Politics
Annabel Park

During North Carolina's 2013 legislative session, a fierce debate took place over how to change the state tax code. Because Republicans had won a super majority in the General Assembly as well as the governor's race in 2012, the real tug-of-war centered around an aggressively conservative tax reform package.

America's Downton Abbey Economy

Terry Connelly | Posted 03.11.2014 | Business
Terry Connelly

We too are facing changing times but for the moment, like Lord Grantham, our top one percent is fighting hard to hold on to the 'old ways' that have brought them over 80 percent of the economic benefits generated by our economy over the past decade.

The Pope, the Bible and Trickle-Down Economics

Obery M. Hendricks, Jr., Ph.D. | Posted 03.10.2014 | Religion
Obery M. Hendricks, Jr., Ph.D.

As Pope Francis points out, there is no hard evidence that trickle-down economics has worked for anyone, except the rich. The pope judged it and found it wanting. And he is right.

Pope Francis, Trickle-Down Economics, and Heaven on Earth

BJ Gallagher | Posted 02.15.2014 | Religion
BJ Gallagher

Pope Francis knows that Heaven is created in community. The Kingdom of God is among us. Will we heed his teachings? Are we ready to follow his example? Are we willing to love our neighbors as ourselves?