A Rising Economic Tide Lifts All Yachts—and Not Much Else
“In the long run, such policies ‘increase the income of the top 0.1 percent, but do not return significant results for the incomes of the top 1 percent and the top 10 percent,’ sociologists Roy Kwon and Brianna Salcido of the University of La Verne report. ‘No discernible effect of liberalization is observed for the incomes of the bottom 90 percent.’”