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Saying it's simply a label for attack ignores the real issues surrounding the economic philosophy underpinning it which has resulted in massive increases in wea
by freshpots 3y ago
Saying it's simply a label for attack ignores the real issues surrounding the economic philosophy underpinning it which has resulted in massive increases in wealth for the top, especially the top 0.1% at the expense of the bottom 80+%. Society has suffered and watched their incomes and life decline since the implementation of "Reaganomics" or "Trickle-down economics". Communities have declined, due to tax changes which overwhelmingly benefit the super rich, while wages, job security, housing, virtually everything of the average person has been degraded.
- opo 3y ago>Saying it's simply a label for attack ignores the real issues... As the wikipedia article says, "trickle down" is a political term. Any proposed tax policy deserves real debate on the pros and cons - using political terms like "trickle down" (or for that matter terms like "tax and spend", "bleeding heart" etc.) are not done to help advance the debate. They aren't trying to advance an argument - they are trying to shut down debate. People who use political terms like that are usually trying to either poison the well or are creating a straw man.
- davidw 3y agoTrickle down economics seems to have been a failure. I would agree about that. But that's not the mechanism we're talking about with housing at all. What we're talking about with housing is that there are 5 houses and 10 people, and in that kind of scarcity environment, 5 people are going to lose out. In most cases, it's going to be the 5 people with the least money. But even if you do a lottery or something else, 5 people are still going to lose out and that's bad. Build more housing.