Trickle down economics (aka Scraps From the Master's Table), in all its glory. Pictures are worth a thousand words... I'll let my own words be few...
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an 11% growth in income is nothing to sneeze at. plus i think that real living standards have grown faster than this due to technology, decreasing prices of goods, etc.
ReplyDeletebut yes, we need to cut payroll taxes and corporate welfare to help the lower classes even more.
11% total increase over 27 years... not per year
ReplyDeleteI don't think many of us would be happy with that type of income growth for our own persons
D's A here. What should determine income growth? I definitely don't have a problem with the higher percentile growing faster. Aren't they the ones figuring everything out and building the companies that provide jobs? If our two options are grow everyone at 0% or grow everyone unevenly like in the graph I would pick the status quo.
ReplyDeleteAlso, I feel like the first graph really just shows that the people at the bottom aren't being educated well enough and don't know how to grow themselves. I'd like to focus on improving education more than anything. And a creative approach (more than just throwing money) at that.