Quote:
Originally Posted by crockett
Please don't confuse "conventional" with ideology. Anyone with half a brain understands the more people making money means more people spending money which means growing economy. It just has to grow at a healthy pace.
The only people who like to pretend this doesn't work are right wing bats who just want you to believe trickle down economics works. What is happening in Seattle "IS" conventional economic theory at play..
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If trickle down worked. Family incomes would be on the rise over more percentile than the top 20%.
Your mistake is ion thinking "the more people making money means more people spending money". Not if a worker on $40 an hour gets made redundant and goes on to get a job at $15 an hour. Which has been happening for the last 20 years.