Debunking the trickle-down myth

15 Apr, 2021 at 15:09 | Posted in Economics | Comments Off on Debunking the trickle-down myth

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What we see happen in the US and many other countries is deeply disturbing. The rising inequality is outrageous — not the least since it has to a large extent to do with income and wealth increasingly being concentrated in the hands of a very small and privileged elite.

Societies where we allow the inequality of incomes and wealth to increase without bounds, sooner or later implode. The cement that keeps us together erodes and in the end we are only left with people dipped in the ice cold water of egoism and greed.

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