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Trump thinks trickle-down economics can make America great again. Will it work?

Concerned about income inequality? Meet one of the causes.

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Civic Ventures

There's one thing we learned for sure this election year: If you want to get people excited, promise to fix the economy.

Every economist and politician worth their salt have different ideas about how we can close the widening gap between the rich and the poor, and there's one tried-and-true solution that lots of them keep coming back to: trickle-down economics. But aside from being named after something that conjures up images of faucets clogged with who-knows-what, what exactly are they? And, more importantly, do they work?

To answer that question, we need to go back a few decades.


In the 1980s, Ronald Reagan became president after promising to reinvigorate the economy by cutting taxes on wealthy Americans.

Their wealth, he promised, would inspire them to spend more on their businesses, creating jobs and wealth for the people in income brackets below them. Those people would do the same, albeit with less cash to spend, and their spent wealth would "trickle down" to the poorest of the poor. The rich would benefit, and the poor would benefit from the rich. Everyone wins!

Reagan introduces his tax plan, which he never referred to as trickle-down economics, calling it "Reaganomics" or "supply-side economics" instead. Image via Reagan Library/Wikimedia Commons.

Trickle-down economics sounds like an idea that might work. Except its benefits are, to put it mildly, not exactly as advertised. Here are a few important reasons why:

1. Trickle down really trickles right back up.

Image by Heather Libby/Upworthy.

According to smart folks who studied the impact of Reagan's tax cuts, the wealth he promised would "trickle down" ended up "trickling mostly up," making income inequality worse. Between 1979 and 2005, after-tax household income rose 6% for the bottom fifth. That sounds great until you see what happened for the top fifth — an 80% increase in income. That split has become even worse since then. Income inequality has never been higher — and under a new president taxes might go lower than ever.

2. It adds a middleman who really doesn't need (or want) to be there.

This boy will probably pass on the apple to its intended recipient. A corporation? Not so much. Image via iStock.

Let's say you want to give someone near you an apple. You could either hand them the apple yourself or you could give it to someone else to eat and hope they share at least some of it with the person you wanted to give it to in the first place.

Trickle-down economics works the same way. Instead of creating a social program to help give wealth and support to lower- and middle-income people, the government instead gives tax cuts to wealthy earners. It relies on them to create the spark that will generate wealth and support for the lower classes. Which leads to the next point:

3. If wealth were to potentially trickle down, it would take a loooooong time for even an incremental gain. Like 40 years long.

A long-term study of trickle-down economics by the Harvard Kennedy School found that with trickle-down economics, it would take 40 years for the bottom 90% of the population to see a 5% rise in their income. One of the study's authors likened this approach to being "like giving people aspirin when they have cancer."

Their recommendation, instead of trying to make trickle-down economics work, was to focus on raising up the poor and middle class. According to the authors: "Widening income inequality is the defining challenge of our time."

In recent years, plenty of politicians — and some surprising other voices — have joined the chorus against trickle-down economics.

During a famous 2011 speech, President Barack Obama railed against the tax policies that created trickle-down economics.

In 2013, Pope Francis echoed Obama's concerns.

There's one guaranteed way to create an economic model that increases wealth, and it involves turning the trickle-down pyramid upside down.

A famous study by the International Monetary Fund looked at what happens when governments prioritize helping the poor. Increasing the income share of the bottom 20% of earners by just 1% would increase the GDP by nearly half a percentage point.

Doing what trickle-down economics argues for and giving a 1% increase to the top 20% of earners does the opposite and ends up decreasing the GDP. Cue the sad trombone noise.

A majority of modern economists see the flaws in trickle-down economics. There's one important person who doesn't, though.

And he's going to become president on Jan. 20.

Image via Bastiaan Slabbers/Getty Images.

President-elect Donald Trump has been clear about his plans for American taxes. Like Reagan, he wants to cut tax rates for corporations and drop the tax rate to 15% for the top 1% of earners. This kind of policy, he promises, will make America great again. For the millions of voters who cast ballots for him, that's statistically unlikely to be the case.

Joy

Woman builds an elaborate hotel in her yard for stray cats to stay cozy through the winter

People are calling it "Hotel Catifornia" and "The Fur Seasons."

A woman in China provides a cozy home for stray cats in her neighborhood.

As winter approaches, people may wonder how stray animals stay warm and safe. Stray cats in particular are highly adaptable creatures and their home is the great outdoors, so most of the time there's not much that people need to do to protect them. But when temperatures dip to dangerous levels, caring humans naturally want to make sure strays have a place to go to get out of the harsh elements.

One woman has taken that desire to a whole new level with an elaborate cat apartment she built for the many stray cats in her neighborhood. We're not just talking about a shelter–it's like luxury hotel living for her feline friends. The apartment has multiple rooms, cushy blankets that get taken out and cleaned and even a temperature-controlled water source so they're always able to find drinking water in frigid temps.

Check this out:


The woman who built the apartment actually lives in China and shares videos on TikTok.

Welcome to the Meowtel Catifornia

Of course, the clever hotel jokes and puns started rolling in first thing:

'Welcome to the hotel catifornia."

"Such a lovely place."

"They can check out any time but they won't ever leave ^^"

"I prefer Hotel Calicofornia."

"Meowriott."

"Given my skill, mine would be more like Meowtel 6."

"Pawliday Inn.'

"The Fur Seasons."'

"Meowne Plaza."

People loved seeing the care and ingenuity she put into the "meowtel," as well as how happy the cats seem with the arrangement. In fact, some people were sure their own house cats would move out just to go live in this kind of cat commune.

"My cat just looked at me and sighed…"

"All the neighbours be looking for their cats and they’ve bailed to live at the kitty motel."

"They’d pack their little bags and move in without a second thought."

"They wouldn't even wait to pack their bags."

"Alright Carol it’s been real but we’re gonna head out. Found a great deal on a luxury apartment so yanno… take care."


@5fimnl9m

Create a single apartment on the third floor of a four story winter cat shelter for stray cats#fyp #cat #cute #Straycat#salvation

Cats live where they want when they want

Those people may have been joking, but several people shared that their cats really did ditch them to go live with neighbors who had more desirable living situations.

"I’ve had two cats do this. One was annoyed at our second dog’s puppy energy so she moved in with an older lady a street over. We used to see her all the time until she passed. The other missed our kids being little so she moved next door where there’s a little girl. We talked to both neighbors and said if they get sick of them to let us know and we’ll take them back but both lived the rest of their lives with their new families."

"One of our cats moved next door because he loves children and wanted to be with the little girl next door. Because it’s a very small village, he goes to the school most days to wait for her and they come home together. School is 3 buildings away."

"We had a cat do the same thing about 20 years ago. She hated the barks of our new puppy and would put her paw on his mouth to try and stop it. One day, she slipped outside and I found her a month later, two streets over, hanging with a couple who didn’t have a dog. They said she just showed up at the door and moved in. I gave them all her cat food and hope she had a nice quiet life."


@5fimnl9m

After two months of production and renovation, the basic facilities for wintering stray cats in the courtyard are almost complete#fyp #cat #cute #Straycat #salvation

Is it a bad idea to feed and shelter stray cats?

People have differing opinions about whether it's good to feed stray cats or not, as cats can cause problems for local wildlife and it's not great to encourage an increasing stray cat population. However, there are responsible ways to care for stray cats, which includes spaying and neutering those in your area.

According to the Feral Cat Coalition of Oregon, here are the best practices for feral and stray cats:

- Spay/neuter to prevent additional litters

- Find homes for friendly cats

- Feed outdoor cats on a schedule

- Remove food & dishes when they are done eating

- Pick up scraps and keep the feeding area tidy

- Provide fresh water

- Provide a warm place for the cats to sleep

So go ahead and care for those kitties and keep them warm through the winter—just make sure they can't make any more kittens.



Culture

Nathan Fillion shared a sweet pay-it-forward story after a Costco employee helped his mom

Well done, Les from Costco. Well done, Fillion family. Thanks for giving us the boost of faith in humanity we need right now.

In a time when we've watched people fight over toilet paper, argue over mask-wearing and storm government buildings with firearms, a nice random act of kindness story is always appreciated. And when that random act of kindness happens to someone who is famous-adjacent, the impact somehow seems all the more pure.

Actor Nathan Fillion, best known for his starring roles in the TV series Firefly (and subsequent movie, Serenity) and Castle, shared one such story on Facebook back in 2020—and people are still loving it. After all, two things will always remain timeless in our collective hearts: Nathan Fillion and Costco.

He wrote:


"The other day in Canada, a woman buying gas at a Costco had trouble with her credit card. The attendant bought her gas out of his own pocket and asked only that she pay it forward. That Costco was in Edmonton, that attendant was Les Thompson, and Les? That woman was my mother. You restore my faith in humanity, sir. My dad and I are sending three iPads and headphones to a nearby senior care facility so that folks there can visit with their families. Right now, we could all stand to be less afraid, and a little more Les. (Canada, Costco, Les, iPads, and my mom not pictured.)"


Fillion's post has been shared nearly 30,000 times, and commenters have expressed their gratitude for highlighting the fact that there are lots of good people out there. Some said they were proud to be Canadian. (Canada is well known for the general kindness of its people.) Others said the story reminded them that hope is not lost, even in the face of fairly constant bad news. Some inquired as to whether or not Fillion was married. (He's not.) But most simply thanked him for sharing a seemingly small, but oh-so-meaningful story about the power of a simple, selfless act of generosity.

Well done, Les from Costco. Well done, Fillion family. Thanks for giving us the boost of faith in humanity we need right now.


This article originally appeared on 5.27.20

@organizedchaos4/TikTok

"It costs you nothing, and it creates this ripple effect of kindness."

The corner of the internet devoted to grime and muck being scrubbed away to oh-so satisfying perfection, otherwise known as #CleanTok, is mostly wholesome, cathartic fun. But every once in a while, controversy comes in.

For a mom named Audrey (who clearly has a passion for cleaning hacks, given her TikTok handle of @organizedchaos4), that moment came after she filmed herself doing a deep clean on her 12-year-old daughter’s room. Several people chimed in to accuse her of spoiling her kid, essentially.

Granted, Audrey admitted that she had posted the video “hoping that the trolls would get those thumbs a-movin’.” So when they did indeed come after her, she was ready.


“I surprised my daughter by cleaning her room for her. She's been getting herself up for 6 a.m. practices, she gets herself to school, she's out of the house before the rest of us have even woken up,” Audrey says in the clip.

“Keep in mind she's 12. In return for all that she's been doing, I thought it would be a nice treat if I just did a quick speed clean of her room. It was no big deal.”

Audrey goes on to say that the point of her follow-up video was to reiterate the importance of “extending grace.”


@organizedchaos4 When we throw empathy out the window, we throw grace out the window. If you saw the video and your first reaction was to say, “why isn’t she doing it herself?” Ask yourself, “have I EVER left a room messy because I was overwhelmed, tired, busy?” If so, then you are in no position to judge a child for the same thing. #grace #kindness #help #parenting #cleaning #kids #mom ♬ original sound - Organized Chaos | Audrey


That's what I did for my daughter. She had fallen behind on her room and I helped her.,” she says. “It costs you nothing, and it creates this ripple effect of kindness. We all have setbacks, we all have failures, we all make mistakes and if you say you don't you're lying. By extending grace we are spreading kindness, we are spreading compassion. If you can't extend grace to your own children then there's no way you're going to extend it to anyone else in the world and that's a scary world to live in.”

Audrey then argues that being kind to others often makes it “easier” to be kind to ourselves, which is “vital for our mental health.”

She then concludes, “so if you watched the video yesterday or you're watching this one today and you're thinking negative thoughts, ask yourself, ‘Am I quick to judge, be resentful, be negative or am I quick to extend grace or ask yourself have I ever stumbled and wish grace had been extended to me?’”

Down in the comments, we see that Audreynis certainly not alone in her thinking.

“Kindness costs nothing and provides everything,” one person wrote.

“This will only inspire your daughter to keep working hard and give back when she has a chance to, and know she can rely on you when she struggles,” added another.

Several other moms even chimed in about doing something similar for their kids.

“Exactly I did the same thing for my 23-year-old daughter who works full-time and is a full-time college student. She’s 100% independent. I just want to take some off stress off her plate,” one mom shared

Another said, “I do this for my daughter still, and it's her house.”

As with all things in parenting, balance is key. Of course we don’t want to instill laziness, but at the same time, kids can’t be expected to overachieve in all areas, at all times. Adults can’t even manage this without a little help. Sounds like this is truly a case of a good kid acting as responsibly as humanly possible, and a mom just wanting to help out where she can, all why'll teaching her the world can be a safe place. Hard to see anything wrong with that.

via ABC Action News

It's never too late to find your family. That's the heartwarming message being shared by Leah Paskalides and the daughter she adopted in 2021, then-19-year-old Monyay.

At the age of 11, Monyay was placed into a foster care group home. The pain of having to go through life without a family was always difficult, but it hit hard in her senior year of school. "My senior year is when I went through one of those, 'I don't want to do it anymore, I'm done,'" she told ABC News.

Monyay finished school a year early and took the extra time to focus on volunteering with foster children like her. But she faced a tough road ahead, as she was about to age out of the system.


According to the Children's Home Society of Minnesota, the 23,000 children who age out of foster care every year without families face many challenges. Only 3% earn a college degree, half will develop a substance abuse problem, 60% of boys are convicted of crimes, and 70% of girls become pregnant before the age of 21.

After she turned 18, it looked like she would have to enter the real world as an adult without any real support. But then her caseworker and mentor from the Safe Children Coalition stepped up.

Leah had always wanted to adopt Monyay but it was a conflict of interest with her work.

"She always said, 'I wish you could adopt me, wish you could adopt me,' and I couldn't because of the job and then I was watching a documentary where the person had been adopted as an adult, and I had never really heard of it," Leah said.

So she decided to adopt Monyay as her adult daughter. "It was important to me that she knew that she was wanted by somebody, that somebody loved her," Leah told Fox 13. "I could say that as many times as I want, but actions speak louder than words."

On Tuesday, a judge signed the paperwork making the adoption official.

Rose Rising on Twittertwitter.com

"Being told 'no' so many times, to hear that 'yes' and to hear them pronounce her as my mom, it's something that's like, oh my gosh, this is for real," Monyay told Fox 13.

The funny thing is the two didn't hit it off at first. Five years ago when Leah was assigned her case, Monyay didn't like her. "She told me what she was going to be doing and helping me out with my case, and I didn't like her; she'll tell you that," said Monyay.

But over the past five years, the two forged an unbreakable bond.

"She was very motivated and had aspirations for a future, and so I knew she just needed support," Leah said. "She was always a kid that did not deserve to go through life without a support system of a family."

The newly-formed family is sharing their story to bring hope to children in the foster care system by letting them know they can be adopted as adults. "It's never too late because I'm grown but I'm still being adopted," Monyay said. "Just because it didn't happen then it doesn't mean that it won't happen."

Monyay hopes to one day open her own group home for teens to help children who grew up like she did.


This article originally appeared on 4.28.21

Wellness

Justine Bateman boldly embraces her aging face, putting a new spin on 'aging goals'

"I find it wrong that women absorb the idea that faces need to be fixed. That it's being treated as a matter of fact."

Aging is a weird thing. We all do it—we truly have no choice in the matter. It's literally how time and living things work.

But boy, do we make the process all kinds of complicated. The anti-aging market has created a 58.5 billion-dollar industry, with human beings spending their whole lives getting older spending buttloads of money to pretend like it's not happening.

I'm one of those human beings, by the way, so no judgment here. When I find a product that makes me look as young as I feel inside, I get pretty giddy.

But there's no doubt that our views on aging—and by extension, our perspectives on our own aging bodies—are influenced by popular culture. As we see celebrities in the spotlight who seem to be ageless, we enviously tag them with the hashtag #aginggoals. The goal is to "age well," which ultimately means looking like we're not aging at all. And so we break out the creams and the serums and the microdermabrasion and the injections—even the scalpel, in some cases—to keep the wrinkles, crinkles, bags, and sags at bay.

There's a big, blurry line between having a healthy skincare routine and demonizing normal signs of aging, and we each decide where our own line gets drawn.

This is where Justine Bateman comes in.


The 58-year-old actress/filmmaker is turning the idea of #aginggoals on its head by simply, boldly embracing her face as it is. No apologies. No avoidance. Just a simple message of "Yeah, this is my face."

She hasn't always had such radical self-acceptance. After Googling herself during the writing of her first book, Fame: The Hijacking of Reality, she saw that the autocomplete after her name read "looks old." So she looked at the photos people were sharing of her 40-something-year-old face as "evidence."

"I thought my face looked fine," she told PEOPLE. "Because of some of the fears I had, unrelated to my face, I decided to make them right and me wrong....I became really ashamed of my face, ridiculously so."

"I looked the same the day before as I did the day after," she said, "and yet I felt totally different about my face...The only difference was that I had read the criticism."

That experience led her to explore how society views women and aging, a topic she explores in her new book Face: One Square Foot of Skin. It also led to her truly embrace her face, just as it is.

Instead of fighting the aging process like many of us do, she decided to fight the fear attached to it.

"I hated the idea that half the population was perhaps spending the entire second half of their lives ashamed and apologetic that their faces had aged naturally," Bateman writes in her book.

She also shared with PEOPLE how she feels about society painting the physical signs of aging as inherently negative.

"I find it wrong that women absorb the idea that faces need to be fixed," she said. "That it's being treated as a matter of fact. I feel that we've skipped over the phase where we talk about whether or not we should criticize women's faces as they get older."

"I think getting all this plastic surgery is just people pleasing," she continued. "You don't want people to criticize you anymore so you appease them. The more you do that, the further away you get away from your true self. It doesn't work for me. If somebody said to me now we could do some surgery, wouldn't I be signaling that I'm super insecure? To me, it would."

In her book, Bateman describes what people are really seeing when they look at her face in its aging glory:

"You're looking at f***ing determination and truth and creativity. You're looking at loss and sorrow and the effort for a deeper perspective. You're looking at satisfaction and happiness. You're looking at a manifestation of a connection so deep and rooted that it's more real than I am. You're looking at my face."

YES. What a refreshing perspective to add to the conversation surrounding beauty and aging. It's odd that seeing a woman simply accept the lines in her face is inspiring, but it really is.

Perhaps we should recalibrate #aginggoals to be more about how we feel than how we look. After all, if anyone is "aging well," it's the woman who feels—as Bateman told Vanity Fair—"empowered to walk out in the world with an attitude that says, 'Fuck you, I look great.'"

Right on, Justine Bateman. Thanks for helping us embrace our faces just as they are.


This article originally appeared on 4.15.21

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