I think TIME has proven this to be a failed economic policy. As you'll read in this article , even President G.H.W. Bush, saw it as a sham, calling it "VooDoo Economics." And as the first Pres. Bush would also say, "JUST SAY NO!" I stated in one of my first posts : We have CEOs who live in ivory towers. We have a conservative base who still believes some of that wealth is going to trickle down out of the ivory tower and magically make a difference at ground level. Has it made a difference in your life? In evaluating the effects of Reaganomics, Paul Krugman points out in his January 2008 NY Times Op-ed , "But while the rich got much richer, there was little sustained economic improvement for most Americans. By the late 1980s, middle-class incomes were barely higher than they had been a decade before — and the poverty rate had actually risen." We NEED our middle class. And while I don't think the rich should be taxed at 91%, it shouldn
This business owner GETS IT! Jonathan Wallace, a New York attorney and activist that once led a highly successful tech business, has been a writer and lecturer for a number of years on topics related to government, ethics, law, economic and social issues. In 1996, he launched Ethical Spectacle , a website where he shares his views on the world. That's where I stumbled upon his online article, " Compassionate Capitalism ," the day that I started this blog. The thing that struck me most about his article is the following axiom. Two other successful businessmen who get it are Marc Benioff (Salesforce.com) and Alan Hassenfeld (Hasbro, Inc.). The former authored a book, Compassionate Capitalism: How Corporations Can Make Doing Good an Integral Part of Doing Well , in 2004, and the latter wrote the foreword. Hassenfeld, who was CEO of Hasbro, Inc., before becoming Chairman of the Board, implores his capitalist colleagues to become more socially responsible by connec