commented on Trickle-Down Economics: Four Reasons Why It Just Doesn't Work
2016-10-28 15:00:31 -0400
“It just works!” they say. Just listen to this (grossly oversimplified) explanation. But what about the data? What about REALITY? If you don’t understand what a “correlation coefficient” measures, of course the graphs will make no sense to you. It means that all these things that are supposed to be improved by a top tax rate cut – were not. Period. Science seems to be a sore point for conservatives, until they get on the next airplane, and they are glad the slide rule pocket protector types have figured it all out. The theory does not pan out in fact. The grossly oversimplified explanation of how logical it is – amounts to nothing in the real world that can be measured or observed.