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Inventor of "trickle down economics" says it doesn't work

(4:59) David Stockman, the economist behind the theory of "trickle down economics", says that President Trump’s tax plan is a giveaway to the wealthy elite that will result in an economic downturn. Ring of Fire YT channel

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Guest: Howboutthat (354 days ago)
Latest comment:

What if our crafty politicians are really trying to save us from our superrich rulers? In sci-fi the only way to stop the energy-sucking monster is to overfeed it till it explodes- they're trying to funnel all the wealth into the maws of the greedy! (“Speaker, oim given ’er all she’s got! The market can’t handle any more!”) Until, having bought everything and everyone, excess is their undoing! Works on TV.

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Latest comment:

What if our crafty politicians are really trying to save us from our superrich rulers? In sci-fi the only way to stop the energy-sucking monster is to overfeed it till it explodes- they're trying to funnel all the wealth into the maws of the greedy! (“Speaker, oim given ’er all she’s got! The market can’t handle any more!”) Until, having bought everything and everyone, excess is their undoing! Works on TV.

body{zoom:96%!important;}
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