Saturday, June 6, 2015

Watch: A Nobel Economist Debunks Trickle-Down Reaganomics In Four Minutes

http://www.occupydemocrats.com/watch-a-nobel-economist-debunks-trickle-down-reaganomics-in-four-minutes/
"In this video, Nobel Prize-winning economist Joseph Stiglitz lays out a damning indictment of Ronald Reagan’s deregulation and sweeping tax cuts that have resulted in the worst income inequality in the developed world and have been holding America back for the past thirty years. He definitively debunks the delusional “trickle-down” theory of income transfer and bemoans the fact that social mobility in America has been crippled by the concentration of wealth in the top 1%, preventing hard-working Americans from moving upwards in society or improving their lots in life.”The same market forces, the same forces of technological globalization are at work in the same way in advanced countries. It’s not the economic forces. It’s our policies"." (Reposted)