Consumer Confidential: 'Trickledown' theory's broken premise

One of the biggest lies foisted on the American people is that as rich people get richer, we all benefit - the so-called trickle-down theory.

For decades, working families have been told not to worry about the growing wealth gap between the nation's haves and have-nots. A rising tide lifts all boats, we've been told with encouraging smiles and pats on the back.

The magnitude of the deception borders on monstrous.

William Darity, a professor of public policy at Duke University, said it's "nonsensical" to think that greater wealth for the rich translates to improved fortunes for everyone else.

"Otherwise we would not have observed such an obscene increase in the degree of income inequality that