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This is effectively equivalent to "trickle down economics." Ie, if we give money to the rich, they will use it to buy things or to invest, thereby growing the p
by sulam 7y ago
This is effectively equivalent to "trickle down economics." Ie, if we give money to the rich, they will use it to buy things or to invest, thereby growing the pie for everyone.
Of course, merely saying "trickle down" is enough to get a big laugh out of all but most co-opted of economists. It has repeatedly failed to achieve its stated objectives, and you just have to look at the wealth gap between the 99%, the 1%, and the .01% over the last 10 years to see what the actual effect is.
- darawk 7y ago> This is effectively equivalent to "trickle down economics." Ie, if we give money to the rich, they will use it to buy things or to invest, thereby growing the pie for everyone. Trickle down economics is a theory about who benefits from giving money to the wealthy. I'm not making any statements about who benefits. What I am saying is that when some companies return cash to shareholders, other companies receive that cash in the form of either revenue or investment. This is how the economy works. It is, more or less, a closed system.