Wednesday, April 04, 2012

Trickle down economics

Singapore adopts the concept of "trickle down economics" which has lead to wide disparity in income distribution. President Obama explains why this type of economics has failed. http://money.cnn.com//2012/04/03/news/economy/obama-ryan-trickle-down/index.htm?section=money_topstories&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+rss%2Fmoney_topstories+%28Top+Stories%29
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1 comment:

Tan Kin Lian said...

I do not like "trickle down economics" as it allows business to maximize their profits and the regulators stand by and watch. The interest of the public is not protected. It has led to a widening in the income gap - seen in America and in Singapore. In fact, Singapore fared worse than American in social fairness.

April 04, 2012 6:08 AM

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