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Robert Reich, Economist, former US Secretary of Labor
Trans Pacific Trickle-Down Economics, by Robert Reich,
Published on Monday, May 04, 2015 by RobertReich.org and Common Dreams

Giant corporations initiated the deal in the first place, their lobbyists helped craft it behind closed doors, and they’re the ones who have been pushing hard for it in Congress. Make no mistake, TPP is no trade deal. It’s a corporate takeover.

(Image: DonkeyHotey/flickr/cc)

Have we learned nothing from thirty years of failed trickle-down economics?

By now we should know that when big corporations, Wall Street, and the wealthy get special goodies, the rest of us get shafted.

The Reagan and George W. Bush tax cuts of 1981, 2001, and 2003, respectively, were sold to America as ways to boost the economy and create jobs.

They ended up boosting the take-home pay of those at the top. Most Americans saw no gains.

In…