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Trickle Down Economics

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 06.29.2014 | 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 06.17.2014 | 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?

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

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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.