General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsThe Real Trickle Down Effect. Great pic.
Found at Twitter
By Paul Mcclintock.
WhiteTara
(29,721 posts)and depressingly true.
madfloridian
(88,117 posts)But sadly true.
WhiteTara
(29,721 posts)and I guess stinky true!
madfloridian
(88,117 posts)The economist John Kenneth Galbraith noted that "trickle-down economics" had been tried before in the United States in the 1890s under the name "horse and sparrow theory." He wrote, "Mr. David Stockman has said that supply-side economics was merely a cover for the trickle-down approach to economic policywhat an older and less elegant generation called the horse-and-sparrow theory: 'If you feed the horse enough oats, some will pass through to the road for the sparrows.'" Galbraith claimed that the horse and sparrow theory was partly to blame for the Panic of 1896.[14]
From Al Franken's book Lies and the Lying Liars that tell them here is the cartoon.
http://www.beliefnet.com/News/2003/09/The-Gospel-Of-Supply-Side-Jesus.aspx
JohnnyRingo
(18,640 posts)I don't remember that cartoon, but it's been years.
Thanx for the link!
I know a couple conservative Catholics, and it would be terribly rude of me to email that strip to them..... just before Easter. Like Friday.
Junkdrawer
(27,993 posts)trickle down is the major source of sustenance for the lower classes.
Imperialism sucks.
JohnnyRingo
(18,640 posts)It seems the break is right around being able to own a smart phone.
It's gotten so people define what we call the middle class into smaller and smaller sub-divisions so they don't have to admit they're in the lower class. Nobody even uses that term anymore.
Actually, that bottom rung is probably a lot more crowded than the graph suggests, but point very well taken. Thanx for posting.