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Trickle-down economics has never worked. People don't become obscenely rich by spending their money; they get to that point by hoarding it. Only a few bastion
by rprasad 14y ago
Trickle-down economics has never worked. People don't become obscenely rich by spending their money; they get to that point by hoarding it.
Only a few bastions of wealth are associated with trickle-down economics: NYC, Switzerland; Beverly Hills, etc.
- lotharbot 14y ago> "they get to that point by hoarding it" The ones who get obscenely rich are the ones who invest -- that is, they create or sustain productive businesses. Those who merely hoard don't make it nearly as far up the ladder.