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It does remind me a bit of the trickle down economics. They are making it sound like that the only thing holding them back from massive innovation is profits lo
by okreallywtf 9y ago
It does remind me a bit of the trickle down economics. They are making it sound like that the only thing holding them back from massive innovation is profits lost to regulations and as soon as we get rid of those the floodgates will open - but they never do. The ISPs are going to use that money to consolidate their power, buy more companies that depend on their infrastructure and shovel money back to their shareholders and drive their stock price up. This is exactly what is going to happen with the tax bill (and is already happening due to the expectation of a tax bill), we're being sold that companies have been right on the cusp of increasing wages and hiring if it weren't for those pesky taxes they had to pay. When the jobs and wages don't come, they'll blame something else and down the road they'll take away another important thing, like labor protections or something. And we'll fall for it (collectively), its like a mystery box or something, we can't resist the idea of the free market as this chained beast that just has to be released and it will solve everything with no oversight or maintenance.
- ansible 9y agoThis is exactly what is going to happen with the tax bill (and is already happening due to the expectation of a tax bill), we're being sold that companies have been right on the cusp of increasing wages and hiring if it weren't for those pesky taxes they had to pay. Exactly. I know business. Extra profits are extra profits. Wages won't rise unless there is a labor supply shortage.