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	<title>Comments on: 30 years of &#8216;Market knows best&#8217; have damaged fairness</title>
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	<link>http://touchstoneblog.org.uk/2010/01/30-years-of-market-knows-best-have-damaged-fairness/</link>
	<description>Policy news and comment from the Trades Union Congress (TUC)</description>
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		<title>By: Calvin Allen</title>
		<link>http://touchstoneblog.org.uk/2010/01/30-years-of-market-knows-best-have-damaged-fairness/comment-page-1/#comment-5489</link>
		<dc:creator>Calvin Allen</dc:creator>
		<pubDate>Fri, 29 Jan 2010 11:53:49 +0000</pubDate>
		<guid isPermaLink="false">http://www.touchstoneblog.org.uk/?p=5784#comment-5489</guid>
		<description>Yes, I know the theory - economically, as well as in the real world, it&#039;s a widely discredited one not least since the usual application of justifications for trickle down is in the area of tax cuts for the rich. And rising inequalities are evidence that a fair share is not being paid here either.</description>
		<content:encoded><![CDATA[<p>Yes, I know the theory &#8211; economically, as well as in the real world, it&#8217;s a widely discredited one not least since the usual application of justifications for trickle down is in the area of tax cuts for the rich. And rising inequalities are evidence that a fair share is not being paid here either.</p>
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		<title>By: Tim Worstall</title>
		<link>http://touchstoneblog.org.uk/2010/01/30-years-of-market-knows-best-have-damaged-fairness/comment-page-1/#comment-5487</link>
		<dc:creator>Tim Worstall</dc:creator>
		<pubDate>Fri, 29 Jan 2010 11:20:01 +0000</pubDate>
		<guid isPermaLink="false">http://www.touchstoneblog.org.uk/?p=5784#comment-5487</guid>
		<description>&quot;Trickle down&quot; theory doesn&#039;t state that wealth literally trickles down from the rich to the poor.

Rather, it states that if by leaving people alone to create more wealth, the rich get richer, the poor will too.</description>
		<content:encoded><![CDATA[<p>&#8220;Trickle down&#8221; theory doesn&#8217;t state that wealth literally trickles down from the rich to the poor.</p>
<p>Rather, it states that if by leaving people alone to create more wealth, the rich get richer, the poor will too.</p>
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		<title>By: Calvin Allen</title>
		<link>http://touchstoneblog.org.uk/2010/01/30-years-of-market-knows-best-have-damaged-fairness/comment-page-1/#comment-5486</link>
		<dc:creator>Calvin Allen</dc:creator>
		<pubDate>Fri, 29 Jan 2010 11:17:54 +0000</pubDate>
		<guid isPermaLink="false">http://www.touchstoneblog.org.uk/?p=5784#comment-5486</guid>
		<description>A rising disparity between the share of incomes taken by the richest as compared to the share taken by the poorest is not evidence of wealth trickling down, regardless of any increases within each group on the original starting point.

An increase in wealth within a group resulting from investment and wealth creation activity is always a welcome benefit of such activity - but a rising disparity in the levels of wealth held by one group comparative to another is not evidence that wealth is trickling down.</description>
		<content:encoded><![CDATA[<p>A rising disparity between the share of incomes taken by the richest as compared to the share taken by the poorest is not evidence of wealth trickling down, regardless of any increases within each group on the original starting point.</p>
<p>An increase in wealth within a group resulting from investment and wealth creation activity is always a welcome benefit of such activity &#8211; but a rising disparity in the levels of wealth held by one group comparative to another is not evidence that wealth is trickling down.</p>
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		<title>By: Tim Worstall</title>
		<link>http://touchstoneblog.org.uk/2010/01/30-years-of-market-knows-best-have-damaged-fairness/comment-page-1/#comment-5485</link>
		<dc:creator>Tim Worstall</dc:creator>
		<pubDate>Fri, 29 Jan 2010 11:07:44 +0000</pubDate>
		<guid isPermaLink="false">http://www.touchstoneblog.org.uk/?p=5784#comment-5485</guid>
		<description>Umm, incomes of the rich went up a lot. Incomes of the poor went up by less.

This proves that rising incomes for the rich do not increase incomes for the poor in what manner?</description>
		<content:encoded><![CDATA[<p>Umm, incomes of the rich went up a lot. Incomes of the poor went up by less.</p>
<p>This proves that rising incomes for the rich do not increase incomes for the poor in what manner?</p>
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		<title>By: Calvin Allen</title>
		<link>http://touchstoneblog.org.uk/2010/01/30-years-of-market-knows-best-have-damaged-fairness/comment-page-1/#comment-5484</link>
		<dc:creator>Calvin Allen</dc:creator>
		<pubDate>Fri, 29 Jan 2010 11:04:42 +0000</pubDate>
		<guid isPermaLink="false">http://www.touchstoneblog.org.uk/?p=5784#comment-5484</guid>
		<description>Tim,

Around footnote 28 of the report, there is a reference to weekly earnings in the 90th percentile growing from 1.7 times the median in 1977 to 2.2 in 2001; while at the 99th percentile earnings grew from 2.9 times to 4.8; while for the top 0.5% it grew from 3.4 times to nearly 6.

That doesn&#039;t look like a successful argument for &#039;trickle down theory&#039; to me.</description>
		<content:encoded><![CDATA[<p>Tim,</p>
<p>Around footnote 28 of the report, there is a reference to weekly earnings in the 90th percentile growing from 1.7 times the median in 1977 to 2.2 in 2001; while at the 99th percentile earnings grew from 2.9 times to 4.8; while for the top 0.5% it grew from 3.4 times to nearly 6.</p>
<p>That doesn&#8217;t look like a successful argument for &#8216;trickle down theory&#8217; to me.</p>
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		<title>By: 30 years of ‘Market knows best’ have damaged fairness &#124; called2account</title>
		<link>http://touchstoneblog.org.uk/2010/01/30-years-of-market-knows-best-have-damaged-fairness/comment-page-1/#comment-5474</link>
		<dc:creator>30 years of ‘Market knows best’ have damaged fairness &#124; called2account</dc:creator>
		<pubDate>Thu, 28 Jan 2010 14:20:27 +0000</pubDate>
		<guid isPermaLink="false">http://www.touchstoneblog.org.uk/?p=5784#comment-5474</guid>
		<description>[...] 30 years of ‘Market knows best’ have damaged fairness &#124; ToUChstone blog: A public policy blog fr.... [...]</description>
		<content:encoded><![CDATA[<p>[...] 30 years of ‘Market knows best’ have damaged fairness | ToUChstone blog: A public policy blog fr&#8230;. [...]</p>
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		<title>By: Tim Worstall</title>
		<link>http://touchstoneblog.org.uk/2010/01/30-years-of-market-knows-best-have-damaged-fairness/comment-page-1/#comment-5473</link>
		<dc:creator>Tim Worstall</dc:creator>
		<pubDate>Thu, 28 Jan 2010 11:47:59 +0000</pubDate>
		<guid isPermaLink="false">http://www.touchstoneblog.org.uk/?p=5784#comment-5473</guid>
		<description>&quot;We have now tested to destruction the theory that wealth trickles down – it doesn’t.&quot;

Have you actually bothered to read the report?

Chapter 2 shows that incomes for  the tenth percentile (hey, that&#039;s the way they&#039;ve measured it) have risen by 50% over the decades. That is an increase in income to the poor....

If wealth did *not* trickle down then that increase would be negative, wouldn&#039;t it, a decrease?</description>
		<content:encoded><![CDATA[<p>&#8220;We have now tested to destruction the theory that wealth trickles down – it doesn’t.&#8221;</p>
<p>Have you actually bothered to read the report?</p>
<p>Chapter 2 shows that incomes for  the tenth percentile (hey, that&#8217;s the way they&#8217;ve measured it) have risen by 50% over the decades. That is an increase in income to the poor&#8230;.</p>
<p>If wealth did *not* trickle down then that increase would be negative, wouldn&#8217;t it, a decrease?</p>
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		<title>By: Tax Research UK &#187; 30 years of ‘Market knows best’ have damaged fairness</title>
		<link>http://touchstoneblog.org.uk/2010/01/30-years-of-market-knows-best-have-damaged-fairness/comment-page-1/#comment-5472</link>
		<dc:creator>Tax Research UK &#187; 30 years of ‘Market knows best’ have damaged fairness</dc:creator>
		<pubDate>Thu, 28 Jan 2010 11:36:34 +0000</pubDate>
		<guid isPermaLink="false">http://www.touchstoneblog.org.uk/?p=5784#comment-5472</guid>
		<description>[...] 30 years of ‘Market knows best’ have damaged fairness &#124; ToUChstone blog: A public policy blog fr.... [...]</description>
		<content:encoded><![CDATA[<p>[...] 30 years of ‘Market knows best’ have damaged fairness | ToUChstone blog: A public policy blog fr&#8230;. [...]</p>
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		<title>By: Tweets that mention 30 years of ‘Market knows best’ have damaged fairness &#124; ToUChstone blog: A public policy blog from the TUC -- Topsy.com</title>
		<link>http://touchstoneblog.org.uk/2010/01/30-years-of-market-knows-best-have-damaged-fairness/comment-page-1/#comment-5465</link>
		<dc:creator>Tweets that mention 30 years of ‘Market knows best’ have damaged fairness &#124; ToUChstone blog: A public policy blog from the TUC -- Topsy.com</dc:creator>
		<pubDate>Thu, 28 Jan 2010 00:30:59 +0000</pubDate>
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		<description>[...] This post was mentioned on Twitter by ToUChstone blog, SSP Campsie and Yancey Thomas, TIGMOO. TIGMOO said: ToUChstone blog: 30 years of ‘Market knows best’ have damaged fairness http://bit.ly/9Z0ZeD [...]</description>
		<content:encoded><![CDATA[<p>[...] This post was mentioned on Twitter by ToUChstone blog, SSP Campsie and Yancey Thomas, TIGMOO. TIGMOO said: ToUChstone blog: 30 years of ‘Market knows best’ have damaged fairness <a href="http://bit.ly/9Z0ZeD" rel="nofollow">http://bit.ly/9Z0ZeD</a> [...]</p>
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