Re Warren Buffett: trickle down doesn’t work

["Dave Farber" <farber () gmail com>]

Begin forwarded message:

> From: Michael Robertson <mr () michaelrobertson com>
> Date: January 7, 2018 at 9:49:55 PM EST
> To: David Farber <dave () farber net>
> Cc: ip <ip () listbox com>
> Subject: Re: [IP] Warren Buffett: trickle down doesn’t work
>
> – In 1990 1.8 billion people lived in extreme poverty.
> – 25 years later that number is more than 1 billion lower (766 million in extreme poverty).
>
> The data says capitalism helps those at the bottom. It's true a new class of ultra wealthy have emerged (Brin, Zuck, 
> Jobs, etc) growing the absolute difference between top and bottom, but as long as they garnered that wealth by 
> serving others with products and services they desire that's exactly how the incentive system is designed to work.
>
> Data From 
> https://ourworldindata.org/extreme-poverty/#the-evolution-of-poverty-by-world-regions
>
> -- mr
>
> 858-344-6911
>
> > On Jan 7, 2018 3:16 PM, "Dave Farber" <dave () farber net> wrote:
> >
> > ---------- Forwarded message ---------
> > From: <shannonm () gmail com>
> > Date: Sun, Jan 7, 2018 at 4:00 PM
> > Subject: Warren Buffett: trickle down doesn’t work 
> > To: Dewayne Hendricks <dewayne () warpspeed com>, Dave Farber <dave () farber net>
> >
> >
> > Thought this may be of interest. Not sure how it can change anything at this point. 
> > Most experts and studies stay the tax bill is a disaster
> >
> > http://www.newsweek.com/warren-buffett-donald-trump-economy-772828
> >
> > Warren Buffett has a message for the Trump White House: trickle-down economics don’t work.
> >
> > As the third-richest man in the world with a net worth of nearly $86 billion, it’s safe to say that when 87-year-old 
> > Warren Buffett talks about the economy, people listen. On Thursday, the CEO and chairman of Berkshire Hathaway said 
> > that while he’s hopeful that American children will live better than their parents did, he fears that wealth 
> > disparity in America is only increasing.  /snip/
> >
> >
> >
> > Sent on the fly from my phone
>
> This message was sent to the list address and trashed, but can be found online.



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