NLXSK1
Well-Known Member
The phrase *A rising tide lifts all boats* does not infer that the little boats will rise faster.Not to get in the way of everyone calling each other dolts and miserable pieces of shit and whatnot, but I was just reading a paper from a couple of guys at Harvard about whether or not a rising tide does lift all boats or not. http://andrewleigh.org/pdf/TopIncomesGrowth.pdf
They don't argue that trickle down policies don't work but do contend, "There appears to be some trickle-down effects in the long run, but since the impact of a change in inequality on economic growth is quite small, it is difficult to be sure from our estimates whether the bottom 90% will really be better off or not."
Essentially the policies don't deliver nearly as much as many claim and their effects are quite small.
Because people are financially mobile it is hard to apply class philosophy to the issue.