wealth gap

How Trickle-Down Economics Works

The concept of trickle-down economics is tied to Ronald Reagan, but the idea's been around and in use since the 20s. It's simple: Give more money to the wealthy and they can use it to rev up an economy. But is the whole thing just a scam?

A study that revealed a significant wealth gap went pretty much unreported when it came out last March. The study, conducted by the Insight Center for Community and Economic Development out of California, showed the disparity in wealth (the amount of money left over after you deduct debt from assets) between the races and among gender. What was revealed is not pretty.