The unhinged and economically illiterate Gene Nichol, head of the taxpayer-funded propaganda mill known as the Poverty Center at UNC-Chapel Hill (an outfit created as a John Edwards project) is at it again in the pages of the N&O.
This time Nichol’s article is an overly dramatic and thoughtless diatribe on income inequality. His main point seems to be to criticize recent fiscal reforms in NC as being unfair to the poor and advantaging the rich. To characterize these reforms, Nichol refers to them as “Trickle down on steroids.”
With this reference Nichol re-confirms what most already know about him: he knows nothing of basic economics. As I blogged previously, “trickle down” is a fabricated straw man designed to smear opponents, which Thomas Sowell (an actual economist) calls “the biggest lie in politics.”
But that may not be the most grievous offense Nichol commits.
Not only is Nichol an elitist who believes that – in spite of him being a state employee – he should be exempt from public records laws, he also lives in a household that rakes in more than $600,000 a year in your taxpayer dollars.
Anybody else find it troubling to be lectured about income inequality by a rich elitist getting fat off your tax dollars?