In Case You Missed Your Dose of Reality Today
From Bard College economist Pavlina R. Tcherneva, “Reorienting fiscal policy: A bottom-up approach,” Journal of Post Keynesian Economics, Fall 2014, via The New York Times.
Note the sentence at the bottom of the chart: “The bottom 90 percent experienced a decline in income from 2009 to 2012, meaning their share of income gains was negative.” Translation: It’s like Robin Hood, only the opposite.
How many stakes do we have to drive into the heart of Trickle Down Economics? And where do we think all this will lead eventually?