Trickle down economics only work for the non-wealthy. If you give a 1000$ to a poor person, they would ideally buy locally making the money go around the community.
However, we are so deep in late stage capitalism that mega corpos have their claws in everything that every dollar given to them is a dollar that doesn’t go back into the economy
I think they are trying to say trickle down can work at lower levels of class, i.e. giving money to the middle class will filter a little bit down to the lower classes. But I still doubt that in our current world, like maybe IF there were more small business and IF those businesses would pay their employees more given more profit coming then maybe but one there is a lack of small businesses for common commodities in a lot of regions, and two those small business owners tend to act like corpos now and my assumption is they would hoard that increased profit especially with how shit the economy has gotten. With a lack of stability in todays economy even the most well intentioned small business owners operating costs could swing way too high at a whim. So even for them saving extra profit as a rainy day fund to keep their business alive in those economic down swings would be crucial to staying afloat. Which again just kinda negates the premise of trickle down working at any level even more.
All of this just further points out the only solution is trickle up as giving a poor person money will always circulate upwards. With that, now they can afford more of life’s necessities and even some luxuries once they can become comfortable. All of which will filter into profits for businesses and spur the economy, create more jobs, etc. Its ridiculous that such common sense seems devoid from policy, like all these companies could do so much better without all this greed. I bet in the long run the savings from not needing to fund bunkers, private protection, bullet proof vehicles, enhanced security, etc. in addition to the economic boom of people being able to actually afford to buy things if the uber wealthy just didnt try to act like parasites would pale in comparison to what they get by from a 8-10% break on these taxes in the short term before the economy slowly grinds to a halt and any profit they got starts slowly dissipating more and more as no one can afford to buy anything.
But MY bills are cheaper!
Except they’re not? This is a perfect snapshot of “trickle down” economics failing. Well, failing for the electorate, huge win for the rich.
All economic systems funnel money to the top without an educated, democratic electorate.
Trickle down economics only work for the non-wealthy. If you give a 1000$ to a poor person, they would ideally buy locally making the money go around the community.
However, we are so deep in late stage capitalism that mega corpos have their claws in everything that every dollar given to them is a dollar that doesn’t go back into the economy
Your example of giving a poor person money which they spend and circulate into their local economy is literally the opposite of “trickle down”.
I think they are trying to say trickle down can work at lower levels of class, i.e. giving money to the middle class will filter a little bit down to the lower classes. But I still doubt that in our current world, like maybe IF there were more small business and IF those businesses would pay their employees more given more profit coming then maybe but one there is a lack of small businesses for common commodities in a lot of regions, and two those small business owners tend to act like corpos now and my assumption is they would hoard that increased profit especially with how shit the economy has gotten. With a lack of stability in todays economy even the most well intentioned small business owners operating costs could swing way too high at a whim. So even for them saving extra profit as a rainy day fund to keep their business alive in those economic down swings would be crucial to staying afloat. Which again just kinda negates the premise of trickle down working at any level even more.
All of this just further points out the only solution is trickle up as giving a poor person money will always circulate upwards. With that, now they can afford more of life’s necessities and even some luxuries once they can become comfortable. All of which will filter into profits for businesses and spur the economy, create more jobs, etc. Its ridiculous that such common sense seems devoid from policy, like all these companies could do so much better without all this greed. I bet in the long run the savings from not needing to fund bunkers, private protection, bullet proof vehicles, enhanced security, etc. in addition to the economic boom of people being able to actually afford to buy things if the uber wealthy just didnt try to act like parasites would pale in comparison to what they get by from a 8-10% break on these taxes in the short term before the economy slowly grinds to a halt and any profit they got starts slowly dissipating more and more as no one can afford to buy anything.