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Trickle down economics is a myth. You cant just shout "Job Creator!" enough to make it matter. You(a nation-state government entity) has the power to drag some
by MSFT_Edging 3y ago
Trickle down economics is a myth. You cant just shout "Job Creator!" enough to make it matter.
You(a nation-state government entity) has the power to drag someone back home to pay their taxes. If Apple went 100% based out of Ireland, you could tariff the hell out of Apple products until their sales drop to zero.
You can put sanctions on places that run offshore bank accounts where people hide their money.
You can nationalize industries that are falling apart due to the requirement to increase profit, ie rail infrastructure.
The issue is why would the elected officials who benefit from this, do something to counter it. They're fine with an inequitable world governed by the Koch Brothers' school for business fairy tales.
The economy is a sham, the government could pay people to run the farms and clothing factories and stockpile the excess rather than burn it to create scarcity. There are other ways to live beyond this narrow system of faux economic sciences.