Voodoo Economics and the Vanishing American Dream by Bruce Kimzey
Approx. 32,240 words.
Published on October 6, 2012.
Voodoo economics is the belief that if one says something often enough it will be accepted as true regardless of evidence. Examples are “Tax cuts pay for themselves” and “The rich pay an unfair tax burden”. Growth in income and wealth over the past 30 years has gone almost exclusively to the top 3 percent, while the middle class American dream has been systematically eroded.