| Mr Khan said: Trickle-down economics has failed. The rich are richer than ever, but they sure as hell haven't made life better for the people who make their wealth possible. |
Right, because the poor today don't live better than the poor ten, twenty, thirty, forty, or fifty years ago, when the rich were taxed as much as 70%. I just don't understand this argument in the U.S revolving around the poor and how much of a horrible life we live. My mother is poorer, as a single parent who worked a minimum wage waitress job her entire life and raised three children, she was able to afford more than my great-grandparents who had a relatively middle class income status and four children. There doesn't exist poverty in the United States today. The poor are still in the top 10% of the world economically. Furthermore, better standards of living are noticed by income level. The U.S is third on HDI. Tricke-down economics is the only explanation for the plethora of wealth found in the U.S and all other developed nations since industrialization. It might not always work as quckly as we want, but it does work.
