Sunday, March 24, 2013

Trickle Down Economics False, “Middle Out” Is The Best Policy

Cenk Uygur of The Young Turks shows that conservative trickle-down economics has completely failed. Despite greater corporate profits and worker productivity, middle class wages have stagnated while income inequality in the U.S. has grown. There’s no relation between cutting taxes for the rich and job growth, as a comparison between the Bill Clinton and George W. Bush years shows. In contrast, helping the middle class builds consumer demand, which in turn boosts jobs and the economy. Watch Uygur advocate “middle out” economics as opposed to the fraudulent trickle-down approach:

(h/t: Best of the Left Podcast)

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