https://psmag.com/economics/trickle-down-economics-is-indeed-a-joke
"The IMF report, authored by five economists, presents a scathing
rejection of the trickle-down approach, arguing that the monetary
philosophy has been used as a justification for growing income
inequality over the past several decades. “Income distribution matters
for growth,” they write. “Specifically, if the income share of the top
20 percent increases, then GDP growth actually declined over the medium
term, suggesting that the benefits do not trickle down.”"
Via Muse.
Cheers,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://www.xanadu.com.au/ Chief Scientist, Xanadu
http://www.glasswings.com.au/ Partner, Glass Wings
http://www.sericyb.com.au/ Manager, Serious Cybernetics
