Re:Ask HN: Do 'economic drainage basins' exist?
by basicplus2 on Friday March 18, 2022 @07:33PM
(#30729016)
All money flows to the top 1%rs.
Thats why giving money to the poorest people works.
Its called the trickle up effect..
as opposed to the now debunked trickle down effect, which was a invented theory of the 1%rs in an effort to speed up the trickle up effect to their own advantage.
Re:Ask HN: Do 'economic drainage basins' exist?
by jka on Friday March 18, 2022 @07:37PM
(#30729042)
To continue the (potentially flawed) analogy with water, you could illustrate and chart the results of these flows for both liquid assets and illiquid assets (unrealized stock, for example).
Thats why giving money to the poorest people works.
Its called the trickle up effect..
as opposed to the now debunked trickle down effect, which was a invented theory of the 1%rs in an effort to speed up the trickle up effect to their own advantage.