Saturday, November 5, 2011

Show me the Money??


Show me the Money??

Easy. The wealthy stole it!

One of the No-Liberal memes is if you allow more of the wealth produced by workers to be retained by the wealthy they will invest more and everyone will benefit. The trickle down theory.

This graph from the New York Times NYT gives the lie to this theory.

Given more money the wealthy simply spend of gamble it in more and more dysfunctional ways.
The effect of policy on inequality

 We can see the same effects in Britain and New Zealand. The effects of Britains belief in voodoo economics.

In New Zealand we have an even stronger correlation.

NZ Governments economic records.
From the Nationalisation of banks and a socialist Labour Government which ended the 1930's depression ahead of most of the rest of the world. To the great recession caused by the adoption of Neo-Liberal dogma from 1984. The rise in incomes and prosperity generally when the Neo-Liberal prescription was relaxed a bit in 2000.

The detrimental effects on a country, by all measures, even their own ones.

of the Neo-Liberal, cut wages, cut taxes, sell everything, deregulate give to the wealthy are conclusively proven.

Looks like even the ratings agencies prefer more left leaning administrations.

1 comment:

  1. You are explaining these things very well, KJT.
    I've posted a 'heads-up' for any readers I might have, pointing at your blog.