With all of the recent talk of increasing the minimum wage, the mega wealthy, the tea party, and the Pope’s comments on trickle down economics. Lets look at some facts.
Lets start with trickle down economics. The economic idea of trickle down economics got its start under President Reagan. Some people still refer to it as Reaganomics. It is the belief that giving tax breaks to the wealthy will cause them to have more money and thus create more jobs and stimulate the economy. The problem is that this doesn’t account for the ever expanding greed of the mega wealthy. (more…)
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All That's Evil 