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February 7, 2014 / needhamgrassroots

Trickle Down?

trickleFrom Huffington Post – Conservatives like to say that “a rising tide lifts all boats.” In other words, if an executive makes $20 million a year, his income will eventually trickle down into the rest of the economy and ultimately benefit poor people.

But that theory hasn’t exactly proven true. The highest-earning 20 percent of Americans have been making more and more over the past 40 years. Yet no other boats have risen; in fact, they’re sinking. Over the same 40 years, the lowest-earning 60 percent of Americans have been making less and less.

Imagine the lines below as tides. As you can see, one is rising, while the others are falling (and one is stagnant):

READ MORE: Next Time Someone Argues For ‘Trickle-Down’ Economics, Show Them This – Huffington Post – 2/6/2014 – http://bit.ly/1gT57gL

Other images: 

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