Does Trickle-Down Economics Actually Work?

Discussion in 'Economics' started by Frederick Foresight, Aug 8, 2023.

  1. M.W.

    M.W.

    Nicely stolen line from Jim Jeffries. What is better, legalize it all, including heroin and fentanyl, child pornography...after all you guys believe liberalizing anything must be good for society. Except the opposite is coming clear. The more we leave individuals and corporations to their own devices the dummer the ideas and the deeper the holes they fall into. Protecting the stupid majority from harming itself and others by regulating the shit out of things is the cheapest way we can deal with stupidity.

     
    #21     Aug 8, 2023
    nitrene likes this.
  2. albion

    albion

    Trickle down economics is why the American middle class is much smaller than it was in 1980. Without the economic brake of regulations and demand-side economics championed (somewhat) by the Democratic Party we would be a Russian style oligopoly by now.
     
    #22     Aug 8, 2023
    Frederick Foresight and M.W. like this.
  3. nitrene

    nitrene

    We need a Teddy Roosevelt type leader to destroy the conglomeration of corporations, but I wouldn't hold my breath for it. All we get are corrupt politicians with their hand out for bribes after they leave office. How about our former President Obama going from community leader to owner of $20+ million homes -- gee I wonder where he got the money from? What do you expect from someone who spent 8 years in office sucking banker's cocks?

    The only way the US can have real change is through economic collapse -- sadly it is what humans understand best aka suffering. Unfortunately the MMT psychos who run this country believe endless free money is the solution to all problems. The US will soon learn the lesson of all fallen empires, currency collapse leads to revolution.
     
    #23     Aug 9, 2023
    M.W. likes this.
  4. https://news.gallup.com/poll/245255/750-million-worldwide-migrate.aspx

    Top Desired Destinations for Potential Migrants
    To which country would you like to move?
    2010-2012 2015-2017 Estimated number of adults
    %
    % (in millions)
    United States
    22 21 158
    Canada 6 6 47
    Germany 4 6 42
    France 5 5 36
    Australia 4 5 36
    United Kingdom 7 4 34
    Saudi Arabia 5 3 24
    Spain 4 3 21
    Japan 2 2 17
    Italy 3 2 15
    Switzerland 2 2 14
    United Arab Emirates 2 2 12
    Singapore 1 1 11
    Sweden 1 1 9
    China 1 1 9
    New Zealand 1 1 9
    Russia 1 1 8
    Netherlands 1 1 7
    South Africa 1 1 7
    Brazil 1 1 6
    South Korea 1 1 6
    Turkey * 1 6
    *Less than 0.5%
    GALLUP WORLD POLL, 2015-2017
     
    #24     Aug 9, 2023
  5. There is no middle class. You are either wage slave or upper class (meaning can afford to live from capital income alone).
     
    #25     Aug 9, 2023
    mikeriley likes this.
  6. newwurldmn

    newwurldmn

    Which is why trickle down economics doesn't work.

    Trickle up economics does.
     
    #26     Aug 9, 2023
  7. I'm not exactly sure what "liberalizing" means in this context. Child pornography is and should be a crime; being a consumer of it is and should be a crime. Selling heroin and fentanyl is and should be a crime. Consuming it should probably not be a crime. It's sad and pathetic to use it, and physically and mentally disastrous. But a crime? Criminalizing its use has arguably achieved nothing other than incarceration and the considerable disruptive costs associated with it to both the user and society:

    https://www.hrw.org/news/2016/10/12/us-disastrous-toll-criminalizing-drug-use

    Of course its use should be discouraged, but the cost/benefit of use criminalization does not appear to be a good trade.
     
    #27     Aug 9, 2023
    M.W. likes this.
  8. deaddog

    deaddog

    What about those who turnto crime to pay for their addiction?
     
    #28     Aug 9, 2023
    M.W. likes this.
  9. SunTrader

    SunTrader

    Classy.

    Meanwhile wealthy George Dubya is a business genius huh?
     
    #29     Aug 9, 2023
  10. Then charge them for those crimes.
     
    #30     Aug 9, 2023