Tag Archives: Trickle Down

The fallacy of trickledown

Further to arguments for Guaranteed Minimum Income, the threat to employment from new technology and the multiple fallacies in the current neoliberal economic model is this well publicised TED talk and Bloomberg op-ed piece by billionaire investor Nick Hanauer. He claims capital, investors, don’t create employment unless they absolutely have to. It is middle class […]

The Price of Inequality

A succinct piece by Joseph Stiglitz outlining why the American dream is a myth for the vast majority of Americans. There has also been the same effect in New Zealand though not as extreme. John Key and the National Party remain advocates though of trickle down economics. It might not be so bad if there […]