While I want to agree with you, you’re comment is just hyperbole/rhetoric and no substance.
AND, it's funny. So extra points for that.
I feel somewhat attacked by some of the other comments, being flagged, and a threat of ban from the admins; it felt as if people were ignoring the words I was saying, and were responding to something else entirely.
Thank you.
They use 2020 as a key data point, despite it obviously being an outlier due to covid.
Moreover, the only people talking about trickle down are people on the left. No one on the right has mentioned trickle down since Reagan was president.
It's a complete strawman.
So what is unsubstantiated in your view? The fact that super rich use offshore accounts? That super rich make more money with moving assets than they could make with labor? That poor people will likely spend given money quickly?
> Ahh, the good old trickle-down, aka "piss in my eyes and tell me it's raining" (which is the only way trickle-down actually works).
Clearly hyperbole. Where’s the evidence for this broad claim?
> It was pure mythology from the start; there's never been any basis for it to begin with.
Is this not “free market economics” ? Seems there’s a non-mythical basis there.. I could be wrong though if that’s a fictional concept? Would love to be enlightened.
> It's a pity we even have to debunk it like that.
This is opinion/conjecture.
> Go figure, give a million hungry people $20 each, and see $20M return to the economy the next day as they spend it on food.
Appeal to probability, evidence?
> Give a billionaire $20M, see the money go into the fintech machine and pour out into offshore accounts, as the billionaire holds on to whatever financial product they bought forever as long as it appreciates faster than inflation.
Again, speak to probability, evidence?
> Oh, and they'll spend $200 on a fancy dinner.
Is that illegal? What’s the problem here?
> Cue Pikachu face when the economy doesn't improve.
Must I comment on this one?
But it seems like the obviousness of the stupidity of the idea of trickle-down has been lost on us; hence the study.
Do quote though — maybe it'll help the obvious point trickle down to the rest of the population.
Just like making computers copy data over the Internet is labor.
With labor the pay is tied to the number of hours worked.
Economically there is the distinction. If you do not agree there is you, IMHO, have fallen for the capitalist's propaganda that they "do labor", "add value" and "you can be one too if you work hard and do not spend money on useless things".
Lol.
It's not like they have an AI that just makes optimal asset moves automatically...
What do you do for work, huh? Sit in front of a computer all day? I bet a lot of people think you're just cheating your way to wages too. Imagine how someone literally laying bricks feels about your 100k comfy office salary.