Economics @ ITT

Income Inequality “is the result of various laissez-faire policies”

Posted in economics by ittecon on July 16, 2012

Check out this story. There are a couple of graphs that illustrate a tale of two cities between 1973 and now.

Most Americans have heard the term “trickle-down” economics but few have heard of “horse and sparrow” economics.  They’re the exact same thing only different names.  They called it horse and sparrow for a very indelicate reason…the theory being – if you feed the horse enough oats, some will pass through to the road for the sparrows.  Seriously.  Well – kids…you’re the sparrows; why do you think they changed the name to “trickle down”?

via Study: Income Inequality “is the result of various laissez-faire policies” ‹ I Acknowledge Class Warfare Exists.

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