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Re:Bill Gates is wrong about education by headmelted on Saturday November 28, 2020 @03:59AM (#25236374)
That’s only true if the holder of that money decides to spend it on creating jobs, which are almost invariably the largest single expense in any business.

Trickle-down economics depends on progressively better paid work and more of it, while the incentives for businesses are to have as few people on payroll for as little compensation as possible.

Re:Bill Gates is wrong about education by eecc on Saturday November 28, 2020 @04:44AM (#25236563)
That’s why you need to force reinvestment with corporate taxation, and subsidizing innovation with de-risking, either via direct state investment or via reduction of labor cost (UBI, unemployment benefits to compensate for looser contracts.)

I think this is the gist of Mazzucato’s views