Having an undergraduate degree in Economics allows me to claim expertise the same way a low handicap golfer can claim he is as good as the pros.  Regardless, I know enough about it to make marginally intelligent comments on how people who choose to view economics through the lens of biased political rhetoric always seem to get it wrong.  A common point is tickle down, supply side, or voodoo economics - they are all basically the same thing… give all the money to the top earners and they will buy lots of things, invest in companies, hire workers, etc which injects money back into the economy.

My company had an great quarter and we rewarded our owners with a generous shareholder distribution.  How did mine get spent?

• Taxes - 39%
• Personal savings - 21%
• Jake’s 529 (college) - 14%
• Pay down margin account (debt reduction) - 14%
• Actual spend on stuff for me and the family - 12%

Not much is “trickling down” from me into the economy and I bet I am the norm.

-sb