Quote:
Originally Posted by aceventura3
No matter how you logically look at "trickle down" works. It takes more than people repeatedly saying it does not. Every time I encounter a post like the above, I can eventually present a supply side argument where there is no meaningful response.
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How do you explain the fact that the average real earnings remained virtually flat over the same period (the main exception is a highly educated minority)? How do you explain the growing economic disparity under Bush? People relying on home equity to do their spending? The growing poverty rate? The ultimate economic downturn? Is this due to factors outstripping the benefit of the wealth trickling down?
I don't doubt that things like you explained happen, and people benefit. But the net effect is that most people aren't really seeing it.
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Knowing that death is certain and that the time of death is uncertain, what's the most important thing?
—Bhikkhuni Pema Chödrön
Humankind cannot bear very much reality.
—From "Burnt Norton," Four Quartets (1936), T. S. Eliot
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