2016 Postmortem
Related: About this forumKrugman: "Trickle-down economics has now become shut-your-trap economics."
http://krugman.blogs.nytimes.com/2012/01/12/be-vewy-vewy-quiet/Be Vewy, Vewy Quiet
Andy Rosenthal gets a bit of a laugh out of Mitt Romneys insistence that the only reason anyone would talk about inequality is the politics of envy, and that if the subject is discussed at all, it should only be in quiet rooms.
Indeed. Because theres no way anyone who isnt motivated by envy could be interested in and possibly concerned about this:
Trickle-down economics has now become shut-your-trap economics.
jimlup
(7,968 posts)I'd like to use this graph on a mainstream site where I often debate economic policy but I know I'll be attacked and I'd like to know more about the source and nature of the graph.
Thanks!
babylonsister
(171,066 posts)The figure comes from a Congressional Budget Office report entitled
"Trends in the Distribution of Household Income Between 1979 and 2007", Pub. No. 4031, October 2011. The label on the vertical axis is Percent
jimlup
(7,968 posts)Yeah I'm usually to lazy to look at the comments...
FreakinDJ
(17,644 posts)Jim Lane
(11,175 posts)If it says "nominal" that means current dollars (i.e., no inflation adjustment) as opposed to constant dollars (i.e., inflation adjusted).
If it doesn't say anything it's safer to assume that it's not adjusted.
BlueJazz
(25,348 posts)jimlup
(7,968 posts)renate
(13,776 posts)Although they're funded by the one percent too, darn it....
I do think that what you said could be used as a really nice slogan by somebody like Alan Grayson or Elizabeth Warren.