Re:20 year study of global wealth demolishes the myth of ‘tr...
by cycomanic on Wednesday December 08, 2021 @09:23AM
(#29485021)
It's funny how you complain about the quality of the original article and then bring up your cited one, which is so obviously biased it's not even funny.
Just to pick up on the income mobility. The US is one of the worst countries regarding income mobility while at the same time one of the ones implementing the most "trickle down" economic policies [1]. The contrast is particularly stark when comparing to the Scandinavian countries, which get often called "socialist" in the US. So by your own metric, trickle down does not work, because it leads to worse outcomes.
Just to pick up on the income mobility. The US is one of the worst countries regarding income mobility while at the same time one of the ones implementing the most "trickle down" economic policies [1]. The contrast is particularly stark when comparing to the Scandinavian countries, which get often called "socialist" in the US. So by your own metric, trickle down does not work, because it leads to worse outcomes.
[1] https://en.wikipedia.org/wiki/Socioeconomic_mobility_in_the_...