Tornado Alley (PROG)

[fuagf]

Income Inequality May Take Toll on Growth

.. the worksheet is ok, Bolling is interpreting the image of the young girl sharing money in a biased and politically
partisan way .. in his ideologically-captive interpretative mode he is actually doing parents and the country a
long-term disservice .. as we know extreme inequality, as exists in the USA, is not good for economic growth ..

OOPS .. lol .. the article of the heading above which was ready to go, now i see is the first link in this bit ..

Kevin Hassett: Mitt’s dumbest economist .. some ..

The researchers, Andrew G. Berg and Jonathan D. Ostry, focused specifically on the “duration of growth spells,” which they defined as “the interval starting with a growth upbreak and ending with a downbreak.”

“We find that longer growth spells are robustly associated with more equality in the income distribution,” they wrote.

The IMF study naturally attracted the attention of the New York Times [ http://www.nytimes.com/2012/10/17/business/economy/income-inequality-may-take-toll-on-growth.html?pagewanted=all ] and other media outlets [ http://www.motherjones.com/mojo/2011/10/study-income-inequality-kills-economic-growth ], but the argument that income inequality isn’t good for economic growth is hardly new. As Claude Fischer, a sociologist at the University of California, Berkeley, who has written extensively on income inequality, pointed out in a blog post commenting on the IMF study [ http://blogs.berkeley.edu/2012/10/23/a-cost-of-inequality-growth/ ], researchers have been making just such an argument for at least 20 years.

But this remains important to repeat – not just because reporting the baleful effects of inequality now has the imprimatur of the IMF, but also because so many people still resist the news; they insist instead on believing the opposite, that inequality stimulates the economy, to the benefit of everyone. And, of course, this insistence has political implications right now.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=80945514

See also .. Rein in the Rich: How Higher Taxes Could Lift the Economy
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=82739485





who says she is a rich girl? .. she could be one who has saved pennies and believes in sharing .. whatever, lol, it is a positive message as research shows that