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The "trickle down" story keeps coming up, but it's untrue. It simply doesn't work that way. If someone who is already rich gets even more, it won't be spent in
by Maarten88 7y ago
The "trickle down" story keeps coming up, but it's untrue. It simply doesn't work that way.
If someone who is already rich gets even more, it won't be spent in a way that is good for someone poor. More likely, the excess money will be invested in a way that provides yield, like buying real estate, driving up prices and rent. Or merging businesses to lower competition and costs. Leading to money streming 'up' instead of trickling down.
The trickle down story is a hoax that needs to die.
- jlawson 7y agoIt 'keeps coming up' because it's a strawman people love to punch. People literally only bring up this concept in order to tear it down - because it was only created in order to be torn down. Nobody actually argues for 'trickle-down' policies. It's a sneer term signifying a deliberately oversimplified version of right-wing economic policies. It's not a real position people hold and push for. I guess it's a lot easier and more fun to feel righteous attacking strawmen than it is to do the work of interacting with real ideas with serious intellectual backing and real influence.
- imtringued 7y agoCorporations and rich people fight for lower taxes all the time. Usually the argument is that if the taxes are too high they will just move to a different country.