Cenk Uygur
@TheYoungTurks·6.5M subscribers·72.8K videos
Trickle-Down Theory's Pathetic Imbalance
Posted
March 30, 2013
Views
34,832
Likes
1,416
Comments
558
Engagement
5.67%
March 30, 2013
34,832
1,416
558
5.67%
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4:35Now Playing"Income Growth For Bottom 90 Percent Of Americans Averaged Just $59 Over 4 Decades: Analysis
Another day, another mind-blowing fact about the staggering difference between the haves and the have-nots.
Incomes for the bottom 90 percent of Americans only grew by $59 on average between 1966 and 2011 (when you adjust those incomes for inflation), according to an analysis by Pulitzer Prize-winning journalist David Cay Johnston for Tax Analysts. During the same period, the average income for the top 10 percent of Americans rose by $116,071, Johnston found."*
Conservatives like to tout trickle-down economics as a way to boost everyone in the economy. But the disparity of income growth between the bottom 90% and the top 10% is jaw-dropping; how could anyone argue that trickle down helps anyone but the super wealthy? Cenk Uygur breaks it down with some truly scary charts.
*Read more from Huffington Post:
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