Republican Reaganomics Redux?

"Trickle-Down" is a Republican misnomer for the redistribution of wealth, upwards.

Sources:

TEXT:

"The World Distribution of Household Wealth" (12/5/06) {.pdf}

World Bank Report, "Where Is The Wealth of Nations?" (2006) {.pdf}

Or, you may prefer a synopsis: Reason Online's, "The Intangible Wealth of Nations" (12/16/05)

[Y]ears of schooling and a rule-of-law index can account for 90 percent of the variation in intangible capital. In other words, the more highly educated a country's people are and the more honest and fair its legal system is, the wealthier it is."

and

Reason Online, "Our Intangible Riches" (8/3/07)

VIDEO:

Of course you may want to compare that to Democracy Now!'s report, "Confessions of an Economic Hit Man: How the U.S. Uses Globalization to Cheat Poor Countries Out of Trillions" (5/17/05) {requires Real Player}

Distinguished law scholar Elizabeth Warren, "The Coming Collapse of the Middle Class" (3/8/07) {requires Real Player}

Bill Moyers Journal: Gretchen Morgenson on record U.S. mortgage defaults (6/29/07) {QuickTime or Windows media}

"Jim Cramer Blows a Head Gasket" (8/3/07) {YouTube}

Comedy Central: "Subprime Loans" (8/1/07) {requires Adobe Flash Player}

Submit To Propeller
Tweet