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. 

 

Screen shot 2014-09-27 at 8.30.16 AM

 

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?

 

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