Wednesday, May 6, 2015

The Super Rich and Us: Reporter Jacques Peretti Investigates the Failing Trickle-down Theory

Reporter Jacques Peretti has previously investigated the food and weight loss industry, as well as the retail business. This time around, he reports about the wealthiest individuals in the world and the not so, in the series "The Super Rich and Us".

An idea the wealthy like to talk about is the concept of trickle-down. Simplified, it means that a wealthy individual's assets create work opportunities, investments and so forth, so we all end up much better than before, and you create this economic climate by lowering the taxes for the rich and give them various government handouts.

After seeing the programme, I think the concept has some serious flaws.

Episode one:

Episode two:

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