eftychia: Me in kilt and poofy shirt, facing away, playing acoustic guitar behind head (cyhmn)
posted by [personal profile] eftychia at 05:24am on 2019-10-23

"According to the IMF, countries looking to boost economic growth should concentrate their efforts on the lower segments of society rather than bolstering so-called 'job creators' with tax breaks. The study results suggest that raising incomes for the poor and middle class yields measurable improvements to the national economy: Increasing the income share to the bottom 20 percent of citizens by a mere one percent results in a 0.38 percentage point jump in GDP growth. By contrast, increasing the income share of the top 20 percent of citizens yields a decline in GDP growth by 0.08 percentage points." -- Jared Keller, "The IMF Confirms That 'Trickle-Down' Economics Is, Indeed, a Joke", 2015-06-18

[Should we be talking instead about "percolate-up" economics?]

Links

January

SunMonTueWedThuFriSat
1 2 3 4 5 6 7
8 9 10 11 12 13 14
15 16 17 18 19 20 21
22 23 24
 
25
 
26
 
27
 
28
 
29
 
30
 
31