What’s outrageous is that this is being treated as news, when it’s not new, e.g. (from 2021) https://www.thebalancemoney.com/trickle-down-economics-theory-effect-does-it-work-3305572
We’ve known this that since at least 2001, if not earlier, https://www.capitalismmagazine.com/2001/09/the-trickle-down-economics-straw-man/
My understanding this was known in the economics circles in 1980s too but people were able to make careers shilling the lie since owner class favor them.
Good grief, that means this lie has been successfully peddled for nearly half a century.
They spent those 50 years convincing half the voting population that evidence doesn’t matter, unfortunately.
Good old degradation of public school standards.
Combined with 24 hour propaganda on “news” nwtworks
Public school funding can’t be used to fuel the military industrial complex.
Not without a little imagination.
This one’s going places!
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 think I can feel it. It’s warm. And… smells a bit like asparagus?
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.
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)
The biggest criticism is hilarious. They say poor people don’t use the money responsibly. It just passes right through their hands. They neglect to mention that’s because they’re buying needed goods and services and that money trickles up far more reliably than money trickles down.
It just passes right through their hands
Plus a general illiteracy for economics where that should be the goal because the economy grows with money spent, not money saved
My personal theory is they’re also trying to normalize the money not moving into the economy.
It’s almost like you can have a monetary system and trade without all the crony klepto bullshit of the current system.
Yeah, no shit…
This will never stop being funny
At least he’s getting his.
As long as he said sorry to God before he died and meant it, in Christianity, he’s in heaven.
Same goes for Hitler, if he meant it.
If you have a problem with that, no matter how perfect a person you might be, you’ll be in hell instead because, ultimately, it doesn’t matter how bad of a person you are or what sins you’ve committed.
Only one thing matters.
If heaven exists, it’ll be full of people like Reagan. You’ll be spending eternity with right wing Christian Conservatives and much, much worse.
Meanwhile hell will have all the drinkers, the stoners, the ravers, revelers and rascals; it’ll have all the gay people, the hippies and every alternative culture you can think of. Hell will have all the promiscuous people, the people who just love sex and the professionals too. We’ll have all the people who know how to make drugs, the fun ones, and we’ll have none of those judgmental life-haters around, either as they’ll all be in heaven.
Were gonna have a wicked time. Reagan won’t be welcome, no matter who’s arsehole he’s got his tongue up.
Sorry, I just ran with it. Its not really at you.
Heaven for the climate, hell for the company
Total absolution isn’t actually a thing in most forms of Christianity except via baptism.
And baptism can’t be done twice. It’s a one time thing, after that you’re expected to actually live as if you believe. Charity and not sinning and shit.
Basically you have to try to live like Fred Rogers.
Jesus was very clear about that in the one time he talked about eternal punishment.
It was the part welcoming immigrants, feeding the poor, and visiting the prisoners.
Also the part about not being a hypocrite praying loudly in the street, but being devote and praying in the quiet of your home.
But that’s regular Jesus. Not Supply Side Jesus.
Supply Side Jesus can be bribed, so list your local church in your will for instant absolution.
You’ll have to let me know what part of the bible says that because its not in any parts that I read.
While baptism itself is in the bible, baptism absolving sin is something made up centuries later, so that churches could have some of that old school shaman ritual stuff they didnt have any of.
More so, the only opposing view to the one above would be the Catholic one and their interpretation is problematic at best.
People really need to check the fine-print on that particular covenant.
The passage is in Mathew 25. Often called the Sheep and the Goats.
And yeah, it’s all made up with bits and pieces added later by different people, but that passage in Mathew 25 is pretty clear that you have to feed the poor, welcome the immigrant, (or the stranger as found in some translations), visit the prisoner, clothe those who need it, etc.
And the punishment for not doing these things is everlasting punishment in the fires of hell.
Fun fact, there’s a Cake song about this passage. Sort of.
1 John 1:9 ,
“If we confess our sins, he is faithful and just and will forgive us our sins and purify us from all unrighteousness.
Therefore, they will be righteous and included with the sheep and never asked goat (people on the right hand side) questions.
Like I said, its all about the fine print. Righteousness isn’t the ticket.
Ah yes, but confession has to be sincere.
But Supply Side Jesus thinks that money equals sincerity. And that Mathew guy sounds woke.
Fun fact, to my understanding, Mathew 25 is the only place in the Bible that talks about eternal punishment.
There might also be something in Revelations, but that’s all revenge fantasy about Nero.
Saw this earlier today, just saying.
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
But I was just about to be a millionaire 😭😭😭
Millionaire? Those are chump numbers, son!
Wealth isn’t held, or taxed, in income. Taxes on the wealthy are dodged or gamed away. Cut them or raise them, the actual wealth won’t be targeted through income.
Looks great but it always comes down to the details. The Trump tax “cuts” were a spiteful attack on high tax, high cost of living “liberal” states by capping the deduction for state and local taxes. Yay double taxation. Yay higher taxes because a different part of government takes more. Yay using government regulation out of spite
Yea, it did the exact fuckin opposite. Like we knew it would.
Economists have written the same article for years.
This is like that Onion school shooting article that just changes the location except they count how many years it’s been since Reagan
Well, not the same article. They have to find/replace the name every couple years. Horse and sparrow, supply side, trickle down, …
I like horse and sparrow. It openly admits it’s horseshit.
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.
Yeah, but even “eventually” didn’t come.
Well duh, bank accounts aren’t horses, you can always just add another 0 without overflow
The horses are constipated, Paw
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.
When they originally said ‘trickle down’ they meant piss.
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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! 🤣”
Because the plan all along is generational theft.
It’s all the generations getting robbed, it’s just that each successive generation gets shafted worse than the one before. Grandma didn’t steal your retirement, the oligarchs did.
Almost like this was the plan all along. The wealthy looking after their own interests to their benefit.
