Leif M. Wright
Author, Journalist, Musician, Programmer, Daddy
"You feel uncomfortable, wincing and crying as you read. The daring style is comparable to Chuck Palahniuk’s novels" — Amy O'Hara

Leif M. Wright's Blog

Trickle-down economics looks a lot like this

Filed under Bizarre, Bullshit, Devious Bastards, Rants
Here's an interesting fact: Last year, the world's billionaires saw their collective wealth increase by 762 BILLION dollars. If those 2,000 people had donated just the increase in their wealth from that year, world poverty could have been completely eradicated.
They would all still be billionaires. With a B. 
No billionaire will ever have to worry about money ever again. Ever. 
In trickle-down economic theory, the more money we send the way of the ultra rich, the more they pass it on to the poor by creating jobs. But the truth is, they don't pass it on. They hoard it. 
If they did pass it on, no one — read that again, NO ONE — would be poor.
Billionaires would all still be billionaires. They wouldn't miss a penny of it, because they'd still have more money than they could ever spend in their lifetimes. But we could eliminate poverty.
That is the most disgusting fact I could cite today.