Reply #12: I like the terms "the 'Trickle Up' effect of wealth" [View All]

[Trillo]

It's the opposite of what R.Reagan insisted when he claimed money trickled down -- people lower in the hierarchy trade their labor for money, so it's earned, it's not the product of some economic 'trickle effect'.

The Trickle Up effect seems to be the exponential nature of wealth and income distributions, merely looking at them and contemplating the why tends to disprove the idea of trickle down. Everyone in higher income levels takes a "cut" of all of those lower in the hierarchy.

Perhaps another frame that's more logical, is the 'cumulative skimming' effect. Skimming also rhymes with skinning.

Money Trickles Up, and has for centuries. Perhaps today's CEOs' outrageously imbalanced compensation is part of a hyper-expansionary bubble of debt-based money.