Trickle On

In order to divert conversation from Obamacare, Democrats and the media (I repeat myself) have decided to latch on to some old buzzwords -- "Income inequality" and "Trickle Down economics" -- the idea being that we are somehow worse off when a relatively small number of high producers enjoy hugely disproportionate success.

At the risk of allowing economic facts to intrude on frothing rhetoric, consider this.

1. In 2010 companies launched by entrepreneurs backed by venture capital generated more than 20% of US GDP. 
2. In 2010 companies less than five years old generated more than 100% of all the new jobs that year (the older ones collectively lost jobs).

So if you're in the job market, you'd better hope that the activities of a very few productive people "trickle down" to you.