Re:Horses and Sparrows: The myth of 'trickle down' economics
by jiojfdsal3 on Friday April 30, 2021 @06:56AM
(#26991878)
This is like saying YC should give their money to the poor instead of investing it in privileged entrepreneurs from Ivy League universities
Re:Horses and Sparrows: The myth of 'trickle down' economics
by lhoff on Friday April 30, 2021 @07:06AM
(#26991947)
I think thats the wrong analogy.
Trickle down would be to give the money to big successfull corporations and hopen that they are buying and funding startups with it.
Re:Horses and Sparrows: The myth of 'trickle down' economics
by Can_Not on Friday April 30, 2021 @10:24PM
(#27002373)
Why would YC give their hard earned money to the lazy poor startups when they can give it to hard working companies like Microsoft and IBM?
Re:Horses and Sparrows: The myth of 'trickle down' economics
by rascul on Friday April 30, 2021 @08:24AM
(#26992496)
> largely invented by https://en.wikipedia.org/wiki/Milton_Friedman
That doesn't seem correct. I'm led to believe that trickle down economics (the concept, if not the name) existed before Milton Friedman was born after looking through https://en.wikipedia.org/wiki/Trickle-down_economics.
Remember that their counter-argument is that giving money to people who don't deserve it (proven because they are not the elite) is a waste because they don't "build" anything with it, since they need to spend it.
The value of this proposition is to build concentrations of wealth, which are their own proof of virtue.
The religious expression of this is the Prosperity Gospel https://en.wikipedia.org/wiki/Prosperity_theology .