Cagle Post » Trickle Down Economics is a Pyramid Scheme

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Trickle Down Economics is a Pyramid Scheme




A few years ago, I had a friend who didn’t want anyone to know she was going to therapy. Instead, she would announce at her place of business she was leaving to attend her Amway meeting. At one point I had to inform her, “You know that doesn’t make you look any less crazy, right?”

Adam Zyglis / Buffalo News

The classic multi-level marketing or pyramid scheme is where one guy at the top convinces people at the bottom to give the top money. The hope is the guys in the middle will recruit enough people under them to move from the middle to the top—hence the pyramid shape. The model is, clearly, and provably unsustainable. Only a couple of people (those at the top) do well. Everyone else gets ripped off.

In fairness, Amway, has…

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