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Trickle Down Economics

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?

Pope Francis: Man of the Year and a Sign of Some Hope

Matthew Fox | Posted 02.11.2014 | Religion
Matthew Fox

Such a story is raising hope among activists and progressive Catholics, many of whom have left the church behind but still recognize its potential power as a source for good in many parts of the world.

Of Marxists, Mouthpieces and Men of the Cloth

Patricia McGuire | Posted 02.08.2014 | DC
Patricia McGuire

The pope is hardly alone in criticizing trickle-down economics. David Stockman, one of the architects of Reaganomics, was no pinko commie when he expressed grave second thoughts about supply-side economics. At least Francis did not use the horse manure analogy of John Kenneth Galbraith.

Is It Jesus You're Following or Ayn Rand?

Zack Hunt | Posted 02.08.2014 | Religion
Zack Hunt

Look, if you're branding the leader of one the most conservative organizations on earth as too liberal and claiming Jesus was a capitalist, then you've jumped the shark.

Obama's Inequality Speech: Telling the Progressive Story of American History

Ian Reifowitz | Posted 02.05.2014 | Politics
Ian Reifowitz

Barack Obama knows how to tell a story. One of his great strengths is his ability to craft a narrative of our history that resonates with Americans ...

Populism Isn't 'Disastrous' -- It's Democratic

Christine Pelosi | Posted 02.02.2014 | Politics
Christine Pelosi

We need jobs, growth and the American safety net now more than ever. Why should President Obama give up his pledge to tackle the elephant in the room known as corporate welfare?

Pope Francis and Learning to Take Jesus Seriously

Derek Penwell | Posted 02.01.2014 | Religion
Derek Penwell

Christians claim to believe in a Jesus who spent a great deal of time reaching out to, speaking out for, advocating on behalf of "the least of these." And when his followers don't follow suit... who can blame the onlookers for questioning the whole enterprise?

Pope Francis, Liberal Populist

Brent Budowsky | Posted 01.28.2014 | Politics
Brent Budowsky

Politically the moral leadership of the pope is bad news for those Republicans, conservatives, Tea Party advocates and libertarians who politically worship at the altar of the unbridled and unregulated excesses of capitalism that Francis deplores.

The Myth of the Magic Billionaires

Joel Berg | Posted 01.23.2014 | New York
Joel Berg

Responding to new statistics that prove the Big Apple is the poverty capital of America, Mayor Bloomberg praised inequality: "If we could get every billionaire around the world to move here, it would be a godsend."

The 7 Biggest Economic Lies

Robert Reich | Posted 10.14.2013 | Business
Robert Reich


Why President Obama Is Right to Focus on Inequality

Anthony W. Orlando | Posted 09.30.2013 | Politics
Anthony W. Orlando

During a period when the economy doubled in size, the total income earned by 90 percent of Americans didn't increase by a single penny. All the gains went to the richest 10 percent.

The Fed, Apple and Trickle-Down Economics

Robert Reich | Posted 07.01.2013 | Politics
Robert Reich

Trickle-down economics is the first cousin of austerity economics. Austerity is nuts when so many millions are out of work. And as we've learned before, trickle-down is a fraud. Nothing ever trickles down.

It's Not My Father's Republican Party Anymore

BJ Gallagher | Posted 06.25.2013 | Politics
BJ Gallagher

Today, Dad calls himself "a former Republican." He didn't leave his political party -- his party left him.

Sequestration Nation, and Remembering Robert Kennedy

Robert Reich | Posted 05.03.2013 | Politics
Robert Reich

With the sequester now beginning, I find myself thinking about Robert F. Kennedy -- and 46 years ago when I was an intern in his Senate office.

Think Again: Republicans Ignore the Evidence About Higher Taxes on the Wealthy

Eric Alterman | Posted 04.30.2013 | Media
Eric Alterman

It has always been difficult to find a genuine economist, even a conservative economist, who would buy into the theory that reducing taxes on the wealthy actually increases revenue. Because it is merely a theory, though, it was difficult to disprove -- until now.

Why Does Medieval Economic Thought Still Prevail?

Harlan Green | Posted 03.10.2013 | Business
Harlan Green

Enshrining self-interest as the sole generator of wealth has enabled the wealthiest to keep 'their' wealth, via the divine protection of an 'invisible hand.'

PaulitiFacts Top 10 Political Lies of 2012

Paul Abrams | Posted 03.02.2013 | Politics
Paul Abrams

Like all the professional lie-rating agencies PaulitiFacts was overwhelmed with the deliberate and unabashed lies emanating from Mitt Romney and his campaign.

What Banks Won't Tell You About Their Sweetheart Deal With the Fed

D. Sidney Potter | Posted 12.20.2012 | Business
D. Sidney Potter

The beauty of supply-side economics, is that just when you start to believe that it might actually be theoretically true, there's always reality that breaks that fantasy.

6 Ways Elizabeth Warren May Affect Your Personal Finances

LearnVest | Posted 02.02.2013 | Women

It's clear that Warren is ready to make some big changes in Washington. So what exactly is on her mind? These six things are likely to be on her agenda -- and they're likely to affect your wallet.

Deficit Reduction Requires a Healthy Economy

Allan Brawley | Posted 01.13.2013 | Politics
Allan Brawley

No one is forcing us to follow the dictates of our own homegrown versions of Merkel, although there are plenty of them around, including in Congress, who are as adamant, powerful and potentially obstructive as she is.

Ryanomics: The Emperor Has No Clothes, and the People are Losing Their Shirts

N. E. Marsden | Posted 12.15.2012 | Politics
N. E. Marsden

Democracy is founded on the premise that we the people make good decisions. Yet history tells us that the people are easily duped.