Trickle-Down Really, Really Works!

July 21st, 2010

Lane Kenworthy has updated his Best Inequality Graph with the latest data (through 2007):

Hidden in the fine print, you’ll find proof positive that trickle-down works: middle-class incomes have risen by 1% a year since 1979! And poor people’s incomes have gone up by 0.4% a year.

How can you argue with that kind of rampant, precipitous prosperity growth?

(Note that these are post-tax, post-transfer incomes.)

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