Hi clo,
I think one should guard against the media using "outrage" to sell its advertising. They are good at it. Of course, sales of guns was the negative externality resulting from stories about the restriction of gun use.
The good news is that the gun companies are going to have to manage their way through a period of low volume following the gun purchasing bubble. Hopefully,some of them go bust.
But that was a nice presentation of inequality facts, which we have discussed here often.
Just proves that trickle down economics works exactly as Will Rogers described it: "money was all appropriated for the top in hopes that it would trickle down to the needy." The irony. As the inequality chart demonstrates, when taxes are lowered for the wealthy, wealth doesn't trickle down. It trickles up.
That shouldn't be a surprise, except to those inhabiting the inverted universe Republicans inhabit. But fortunately for them, they are untroubled by reality.
The economic model favoured by Reagan was called the horse-and-sparrow theory in the nineteenth century and I think this is a better name. The horse gets the oats. The sparrow doesn't. It gets to consume what the horse leaves behind. Behind. Yuk.
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