Joseph Stiglitz: Self - Professor of Economics, Columbia University
Quotes
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Self - Professor of Economics, Columbia University : The big reforms of the Reagan and Thatcher area lowered the tax rates on the rich, on the assumption 'it would trickle down'. Didn't happen.
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Self - Professor of Economics, Columbia University : [on Reaganomics] The bottom 90% experienced near-stagnation; most of the growth has gone to the top 10%. Median income for a typical American household is roughly what it was a quarter of a century ago. Real wages - adjusted for inflation - are at the level they were 60 years ago. And life expectancy has been declining. This clearly shows the economy has not been working for most Americans.
