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What do you mean, corporations that have a legal obligation to maximize value for shareholders weren't passing money on to consumers out of the goodness of their hearts? Nobody could have seen that coming! /S
this post was submitted on 23 Oct 2024
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"Trickle down economics"
They're literally saying, "we're pissing on you."
Water is wet etc etc
#1 reason the country is a shit hole.
How about we try some trickle up economics for a while? That's where you give money to people who actually need it, and let businesses compete for them as customers, and the revenue will trickle up to successful companies.
Might as well, right?
We did. Brought to you by Roosevelt.
(Offer not available to black people)
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(4 replies)
And they used that money as a cudgel to make political bribery perfectly legal in Citizens United, as if it wasn't already rampant. They own this fucking place above board now.
We get a vote on how to, or if we even should address the social issue symptoms of our oligarch class rigging the economic game, ie who to blame or what to spend on the ever dwindling crumbs left for the Commons.
We don't get a vote on the economy itself, that's above our paygrade. From Pelosi to McConnell, "herp derp the free market we're bribed to rig for capital is working just fine... For our portfolios! 🤣"
Of course it didn't work, but only because we didn't give it 150 more years! I promise guys, really, just 180 more years and it will slightly trickle down! It's been scientifamicbly proven that in just 230 more years it will absolutely start to work!
-Study paid for by the fuck you I got mine, but I want yours too foundation.
pretty sure he knew that from the start. the repuglican payola corruption goes way way back
That's what happens when you don't set an upper limit for wealth
hear, hear OP. I can attest that dipshit started us on the path to the worst timeline.
Saw this earlier today, just saying.
But I was just about to be a millionaire 😭😭😭
Millionaire? Those are chump numbers, son!
But my Maga coworker just told me she wants to make everything more expensive! Now I don't know who to believe; you both sound equally sensible. /s
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No shit ...
Who would have thunk?
Economics: explaining tomorrow why the predictions of yesterday didn't come true today
Every couple years, another study that shows the same thing. The rich got richer and the middle class and poor lost.
Middle class is the new poor
The middle class also doesn't exist and makes as much sense as trickle-down economics does. It's either working class or rich.
Yea, it did the exact fuckin opposite. Like we knew it would.
Oh no ... it did work ... it worked spectacularly ... for the top wealthiest people in the world
They figured out that they could cut the amount of taxes they had to pay, collect even more wealth for themselves and convince everyone around them and all the poor people out there like you and me that it was all perfectly acceptable, and sensible and that we should all keep electing government officials to keep that system going while we all paid for it. The wealthiest figured out how they could keep their money and make us all pay for it. And they did it for 50 years. And they're still doing it.
I think it worked fantastic ..... for them.
We just need to be more patient and tax-cut the wealthy even harder. Then it'll properly start to trickle. Just a little longer
I agree ... but the problem is ... it took 50 years for us to get to this point and it will probably take 50 years or longer to get it back to a manageable level again. That is, if we take 50 years of consistently pushing back against the wealthy in the same way that the wealthy have been pressing the poor for the past 50 years.
Lina Khan (in the US) is taking those first steps. Harris better keep her in place.
I think I can feel it. It's warm. And... smells a bit like asparagus?
Almost like this was the plan all along. The wealthy looking after their own interests to their benefit.
Reagan pushed Horse and sparrow economics. If you give the horses enough grain, eventually the sparrows will get to eat a little out of their shit.
The horses are constipated, Paw
Yeah, but even "eventually" didn't come.
Well duh, bank accounts aren't horses, you can always just add another 0 without overflow
They spent those 50 years convincing half the voting population that evidence doesn’t matter, unfortunately.
Good old degradation of public school standards.
Public school funding can't be used to fuel the military industrial complex.
Combined with 24 hour propaganda on "news" nwtworks
Yeah, no shit…