Why are we still pretending 'trickle-down' economics work? | Morris Pearl

Art Laffer, 'godfather' of supply-side economic theory, is going to be awarded a presidential medal. He doesn't deserve it

Next Wednesday, Donald Trump will award the Presidential Medal of Freedom to the arch-conservative economist Art Laffer.

Sadly, Laffer's career has been heavy on punditry, light in academic rigor, and absolutely destructive for the average American and the long-term health and sustainability of our economy.

Morris Pearl is chair of Patriotic Millionaires, which focuses on promoting public policy solutions that encourage political equality, guarantee a sustaining wage for working Americans, and ensure that wealthy individuals and corporations pay their fair share of taxes. He previously was a managing director at BlackRock, one of the world's largest investment firms.