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Another interesting thing I have noticed in online discussions. Whenever it comes to putting more money in hands of the few generally considered "rich", one of
by radmuzom 11y ago
Another interesting thing I have noticed in online discussions. Whenever it comes to putting more money in hands of the few generally considered "rich", one of the standard explanations is that they will invest and create more jobs. However, things which will put extra money in the hands of "ordinary" people; like reduction in high prices or a higher wage always comes with a threat of reduction in jobs. Money in the hands of ordinary people is almost always spent or invested, thus providing a large boost to the economy (perhaps after a short term of 6-12 months of lower employment due to the rise in cost of doing business).
- TheOtherHobbes 11y agoThat line is on Page 1 of the Book of Political Lies that gets rolled out whenever there's a fight over resource allocation. The reality is that "invest and create more jobs" actually means "fire as many people as you can, cut wages as far as they go, make all hires as at-will as possible, and offshore to save money if you possibly can, even if it hurts the company in the long term." The rest of the reality is that our political system is an assholeocracy. The people responsible for this kind of idiocy should be nowhere near policy - not just because of some abstract sense of moral wrong, but because it's incredibly toxic to real economic and social development.