In US, where majority of consumer spending is shifting to upper-income groups, there are concerns about potential risks to financial stability and the economic outlook related to K-shaped economy - An ...
The notion that cutting taxes for the wealthy sparks economic growth that eventually benefits everyone lies at the heart of ...
The very rich have 1,000 times more wealth than the poorest households, according to a new report. That wealth is not ...
Florida Fraudster-in-Chief Rick Scott has named his economic advisers, and it’s not a pretty list. The biggest name on the list is Arthur Laffer, Ronald Reagan’s trickle-down voodoo economist whose ...
On July 4, President Trump signed what he called a "big beautiful bill." Needless to say, I would call it something else entirely. At its core, the bill makes tax cuts to the wealthy permanent, at the ...
What is the definition of insanity? A popular quote — attributed to Albert Einstein but most likely from author Rita Mae Brown (novel “Sudden Death” published in 1983; character of Jane Fulton) — ...
Who could have anticipated a term from the Reaganomics of the 1980s could apply to an economic stimulus package in 2009? But it does: The term was trickle-down economics -- the Reagan-era phrase that ...
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