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> If suddenly the poor had some money to spare - the rents will simply go up. The water bill will go up. Electricity, gas. Etc.. until there's no extra income l
by theseatoms 11y ago
> If suddenly the poor had some money to spare - the rents will simply go up. The water bill will go up. Electricity, gas. Etc.. until there's no extra income left. And then the poor will be in exactly the same situation as they are now.
Remember that these "costs" are seen as revenue to providers of goods and services. What follows can be thought of as the opposite of trickle-down economics.