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Robert Reich

From 1989 to 2019, the richest 1% of families increased their share of total national wealth from 27% to 34%.

At the same time, families in the bottom 50% saw their share drop from 4% to 2%.

When I say trickle-down economics is a hoax, this is what I mean.

@rbreich It's always been a hoax. People just don't know that the 1% are pissing on them. Sorry for the crudity, but that's the truth.
The 1% prefers to not think of anyone but themselves.
Tax the rich out of existence!

@rbreich trickle down really mean building dams so it can flood upstream and the trickle down is if the sluice gates happens to leak a bit. That's only if neglected and not maintained in tip top shape not to leak anything at all.

@rbreich No, this is trickle-down economics. You're just holding your diagram upside down.

You see, physicists conventionally label 'down' as the direction towards the nearest large aggregation of mass, or in case of borrowing the metaphor, money.

@rbreich pretty sure the rich know trickle down economics is referring to their urine on the heads of the poors.

@WINGS_radio @rbreich US. The communist party's policies in China throw the global sample.

@rbreich Trickle up greed.Instaed of giving corporate welfare to the super wealthy and billion dollar corporations give everything to the poor and working class cuz the rich end up with it all anyways.

@rbreich
This is also why the Brits who point to US GDP growth rates being the aspiration are deluded.
That and all the ‘adjustments’ the US uses that massage GDP growth measures upwards.