Looks like my new boss’s “middle out” message is beginning to gain traction with political candidates:
That’s former President Jimmy Carter’s grandson, Jason Carter, running for governor of Georgia: “The best way to have a strong economy is to have middle class people with money in their pockets.”
And the other day, an AP news report made this matter of fact statement: “That report ties the slowed [sales tax revenue] growth to rising income inequality, which appears to stunt overall economic growth.”
This is the new conventional wisdom (as it should be) that income inequality is bad for the economy. Welcome to the dawning of the post-Trickle Down era.