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Trent Lott

Wandering Eye: Proof that trickle-down economics are harmful, UVA fraternities fight back, and more

Wandering Eye: Proof that trickle-down economics are harmful, UVA fraternities fight back, and more

The Organization for Economic Cooperation and Development (OECD) in Paris has taken a deep, data-driven look at the effects since the 1980s of trickle-down economics, the signature economic-policy achievement of the era of Ronald Reagan and Margaret Thatcher, and concluded that it accomplished two things: increased income inequality and depressed economic growth. Turns out, "countries where income inequality is decreasing grow faster than those with rising inequality," the OECD concludes, and "in Italy, the United Kingdom and the United States, the cumulative growth rate would have been six to nine percentage points higher had income disparities not widened" in the two...

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