SO MUCH FOR TRICKLE DOWN ECONOMICS ...

This should close the door on the idea that free markets allocate resources best. From "The Triumph Of  'Trickle Up' Economics" ...

From 1947 to 1992, the top 5 percent of all families never consumed more than 17 percent of the national "aggregate income." But since 1993, that top 5 percent has never earned less than 20 percent of the national bundle.

The only way to justify this is if you believe that the top 5 percent are smarter, harder working, and more deserving than everyone else. They're not.
 

 
The article is short, and has some holes, but you can read it here.

- Mark