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#VoodooEconomics

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@kingkaufman '"Based on our research, we would argue that the economic rationale for keeping taxes on the rich low is weak," Julian Limberg, a co-author of the study and a lecturer in public policy at King's College London, said in an email to CBS MoneyWatch.'

Right, of course. Other than a handful of true believers, most of us knew that back then. Trickle-down "economic analysis" was just a fig leaf for conservative politicians to funnel money into the pockets of their patrons. Even George Bush Sr called it what it is back in 1980.