The left love to talk about ‘trickle-down economics’ and destroy its validity.
The trouble for Grant ‘less pies’ Robertson and Russel ‘give me my flag back’ Norman is that the ‘neoliberal theory’ is a figment of their imagination.
They were both on Radio Pravda (sometimes called Radio NZ) this morning bleating on about the latest OECD report calling for us all to be poorer so the poor feel better.
The Taxpayers’ Union has republished a piece which destroys Robertson’s credibility as Labour’s finance spokesperson.
Trickle-down economics is an example of a “ridiculous beyond belief” idea; that giving money to the rich will eventually trickle down to the rest of the economy to benefit all. Indeed, the refutation of this theory of trickle-down economics dominates the discourse.
[…] Read more »