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Good ole trickle-down theory, eh
by spacemanmatt 5y ago
Good ole trickle-down theory, eh
- robocat 5y agoDo you think trickle-down maybe works for technology? The iPad I am typing on in New Zealand, communicating with the world. How many people in the world have a smart phone and access to fantastic public information on the internet? Or is trickle-down working for the majority of people around the world that have moved out of extreme poverty? In 1990 36% of the world lived in extreme poverty. In 2015 that had dropped to 10%. Is that trickle-down? The ultra-wealthy are obscenely richer, but that doesn’t mean that the poor are not better off too. I agree with your sentiment: trickle-down doesn’t feel like it is working in New Zealand, but I’m unsure how much of the feeling is based on fact versus envy.
- spacemanmatt 5y agoNo, I don't think trickle-down theory is working for anyone except the propagandists who propose it as anything less than a plain insult to people with less. Are you actually suggesting that Reagonomics was not an outright fraud?