January 07, 2014
Over at NRO, Thomas Sowell takes on what he calls the “lie” of “trickle-down economics.” Thus, writes Sowell, “the ‘trickle-down’ lie is 100 percent lie.” Sowell cites Bill de Blasio and Barack Obama as figures perpetuating the “lie,” along with writers in “the New York Times
, in the Washington Post
, and by professors at prestigious American universities — and even as far away as India.”
But we should also note that “trickle-down theories” get a mention in Evangelii Gaudium
, too: “some people continue to defend trickle-down theories which assume that economic growth, encouraged by a free market, will inevitably succeed in bringing about greater justice and inclusiveness in the world.”
In the midst of his discussion, Sowell asks the following penetrating questions:
Why would anyone advocate that we “give” something to A in hopes that it would trickle down to B? Continue Reading...