The Only Thing That "Trickles Down" Is Bullshit - The Ring Of Fire
March 18, 2015
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8:34Now PlayingThe Only Thing That "Trickles Down" Is Bullshit - The Ring Of Fire
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as posted by the channelFor most of America’s largest corporations, the recession ended years ago, and they’re back to setting records with regards to their yearly profits. And if trickle down economics has taught us anything, its that putting more money into the hands of the wealthy will mean more cash flow for the rest of the country. But trickle down doesn’t work, and the massive cash hoards that corporations are sitting upon are just being funneled back into the company.
Ring of Fire’s Farron Cousins discusses this with Bryce Covert, the economic policy editor of Think Progress.
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