Re:20 year study of global wealth demolishes the myth of ‘tr...
by Clubber on Wednesday December 08, 2021 @12:20PM
(#29487537)
>So what?
Follow the thread:
>> I haven't ever heard trickle down proponents suggest we give the money to the working class.
>Because that would require taking from some people and giving to others through government, which is a very inefficient way to do it.
The argument is even though trickle down proponents don't suggest we give the money to the working class, they're fine with giving money via several mechanisms to business, thus trickle down.
>Call me crazy, but IMO the solution is not having programs that burn our collective wealth.
Our collective wealth should be spent on helping the "collective," i.e. citizenry directly. It's been hijacked with trickle down theory. Trickle down theory basically says if you give all the collective wealth to business, it will be spent helping the citizenry. I guess it does in the form of jobs, but the businesses certainly get most of the cut.
Follow the thread:
>> I haven't ever heard trickle down proponents suggest we give the money to the working class.
>Because that would require taking from some people and giving to others through government, which is a very inefficient way to do it.
The argument is even though trickle down proponents don't suggest we give the money to the working class, they're fine with giving money via several mechanisms to business, thus trickle down.
>Call me crazy, but IMO the solution is not having programs that burn our collective wealth.
Our collective wealth should be spent on helping the "collective," i.e. citizenry directly. It's been hijacked with trickle down theory. Trickle down theory basically says if you give all the collective wealth to business, it will be spent helping the citizenry. I guess it does in the form of jobs, but the businesses certainly get most of the cut.
https://en.wikipedia.org/wiki/Trickle-down_economics
"...means to stimulate business investment in the short term and benefit society at large in the long term."
Of course it's a sham, but it's been going on since at least Reagan.