The Golden Shower of Trickle Down Theory. Gold for the tops and s*** for the bottoms. Trickle Down Theory debunked. Psychopathic social engineering machinations via profiteering economics strategies of theft and pilfering."Trickle-Down Economics Fails a Sophisticated Statistical Test." (Bloomberg.com Op-ed).

 Trickle-Down Economics Fails a Sophisticated Statistical Test

It’s common to warn in statistics that correlation doesn’t imply causation. But by combining the Mahalanobis distance technique, difference-in-differences analysis, and so on, Hope and Limberg were able to get at causation. Their bottom line: 

“We find that major tax cuts for the rich push up income inequality, as measured by the top 1% share of pre-tax national income. The size of the effect is substantial: on average, each major tax cut results in a rise of 0.8 percentage points in top 1% share of pre-tax national income. The effect holds in both the short and medium term. Turning our attention to economic performance, we find no significant effects of major tax cuts for the rich. More specifically, the trajectories of real GDP per capita and the unemployment rate are unaffected by significant reductions in taxes on the rich in both the short and medium term.”

I copied and pasted from the Bloomberg page and thus the above quote remains in a kind of copied format that I cannot change without struggling to change the template of this blog page so I leave it as is....the jumble of statistical analysis references are far beyond the mere Grad school class I took in Statistics and it all appears that one must necessarily plug data into a computer generated program to dissect the data using these models of interpretation. Generally, the point is that statistics can be "relied" upon to furnish both truth or confounded displacement of fact. Who knows which is which when you have no experience with using statistical data or statistical software to calculate such data and also without having access to the data collection and for which firm or entity the research is being conducted and primarily--funding the research. However, it is without data that it is very easy to ascertain that TRICK DOWN theory is a cascade of torrential disaster for the majority and a huge boon to the very top of the pyramids of power. The recipients of the largesse become intolerantly psychopathically murderously smug in their behavior and mannerisms when they TELEPORT a victim and expect to be entitled to receiving more free boons from the endless hand-over of the economy into the greedy aspirants of absolute power that have been enriched by these policies for decades. They keep referencing the Ray-gun years as being wonderful and reminiscent of when America was "great" and the ensuing damage has turned America into a shell of economic near-collapse without a foundation to bolster it's debt and endless deficit.

I knew this (before these statistical models presented in above article decades later are published) back when the first information on Trickle Down Economics came out in 1980 (or roughly, in the first year of the Ray-gun administration)). I had an excellent economics/social studies/philosophy professor in high school who presented NY Times articles on the subject and also studies in Keynesian economics--or lack thereof as the theories were just coming out, the tales published of greed and the financial rape of the Treasury were printed and then ignored.

From the beginning of this elitist money-draining profiteering strategy, I have NEVER believed that Trickle Down Economics, and in all it's newly named mutations, has ever done anything but steal money from working class and poor and transfer it to the rich and powerful who become psychopathic and murderous in their glory and wealth and lack of criminal white collar crime exonerations (that I experience all the time with the teleportation horrid skits being teleported to extremely wealthy media influencers). Not that I needed reminding that these policies only created monstrous personality hubris in the new or old wealth, but that cultural war and mass murderous propensities are being inculcated in the "elitist" culture of disdain for all human rights and the exploitation of new technology to disarm the public (with a huge heaping dose of media BS to disguise their hateful intentions of absolute power absolutely corrupt and absolutely dangerously murderous lacking all constraint and with full psychopathic implications.