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The Real Trickle Down Effect. Great pic. (Original Post) madfloridian Apr 2014 OP
That was graphic WhiteTara Apr 2014 #1
Yeah, not very upbeat. madfloridian Apr 2014 #2
painfully so. WhiteTara Apr 2014 #4
Remember Al Franken's Supply Side Jesus? madfloridian Apr 2014 #3
You reminded me of how much I enjoyed that book. JohnnyRingo Apr 2014 #7
When you move from an industrial economy to a financial services economy.... Junkdrawer Apr 2014 #5
Think about what qualifies as middle class these days. JohnnyRingo Apr 2014 #6
I agree the bottom rung is probably a lot more crowded. madfloridian Apr 2014 #8
du rec. xchrom Apr 2014 #9

madfloridian

(88,117 posts)
3. Remember Al Franken's Supply Side Jesus?
Mon Apr 14, 2014, 12:20 AM
Apr 2014
Wikipedia says its about the same as trickle down

The economist John Kenneth Galbraith noted that "trickle-down economics" had been tried before in the United States in the 1890s under the name "horse and sparrow theory." He wrote, "Mr. David Stockman has said that supply-side economics was merely a cover for the trickle-down approach to economic policy—what an older and less elegant generation called the horse-and-sparrow theory: 'If you feed the horse enough oats, some will pass through to the road for the sparrows.'" Galbraith claimed that the horse and sparrow theory was partly to blame for the Panic of 1896.[14]


From Al Franken's book Lies and the Lying Liars that tell them here is the cartoon.

http://www.beliefnet.com/News/2003/09/The-Gospel-Of-Supply-Side-Jesus.aspx

JohnnyRingo

(18,633 posts)
7. You reminded me of how much I enjoyed that book.
Mon Apr 14, 2014, 02:23 AM
Apr 2014

I don't remember that cartoon, but it's been years.

Thanx for the link!

I know a couple conservative Catholics, and it would be terribly rude of me to email that strip to them..... just before Easter. Like Friday.

Junkdrawer

(27,993 posts)
5. When you move from an industrial economy to a financial services economy....
Mon Apr 14, 2014, 01:18 AM
Apr 2014

trickle down is the major source of sustenance for the lower classes.

Imperialism sucks.

JohnnyRingo

(18,633 posts)
6. Think about what qualifies as middle class these days.
Mon Apr 14, 2014, 02:14 AM
Apr 2014

It seems the break is right around being able to own a smart phone.

It's gotten so people define what we call the middle class into smaller and smaller sub-divisions so they don't have to admit they're in the lower class. Nobody even uses that term anymore.

Actually, that bottom rung is probably a lot more crowded than the graph suggests, but point very well taken. Thanx for posting.

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