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It's always interesting to be presented with the bubble you are in. I was under the impression that nobody seriously believed in trickle-down economics anymore.

by Hugsun 3y ago

pm90 3y ago
I remember these ideas being taught in my elementary economics classes in high school. It seemed mainstream and less fringy then.
asylteltine 3y ago
The only people who believed it were rich people and republicans who think if they suck up to rich people enough they will become rich
meinmissoula 3y ago
Your experience matches mine- I only ever heard "trickle down economics" used by people on the left making mocking, derisive commentary about Reagan and neocon politics. Then someone pointed out to me that my entire affluent, privileged, comfortable life is due to trickle down economics. In the last 15 years, I've had high salaries paid by various money-losing startups, financed by rich people investing in VC funds. Now I'm a millionaire, entirely as a transfer of wealth from the rich. I haven't had a job where my salary was realistically paid by customer money/business revenue since before 2010 or where any of the VCs ever made their investment back. I don't know if there's any lesson to learn from that or if it's just funny or ironic, but it is kinda entertaining to me to realize the entire Venture Capital backed economy can be seen as trickle-down economics "working".
- Hugsun 3y ago
  That's hilarious and fascinating. Thanks for the input. I suppose the issue still stands, as VC based trickle down isn't a very scalable redistribution system.
- imtringued 3y ago
  This works but only if you believe everyone should live in the Bay area. The equivalent to that is that all Europeans should live in Germany.
  - meinmissoula 3y ago
    For what it's worth, I have never lived or worked in the Bay area. Your point is still probably directionally accurate, just expanding "Bay area" to include all the hubs of technology- Austin, Seattle, NYC, Research Triangle... probably plenty of people have the same story as me while living in Boston, Denver, Washington DC.
- Koealaquillage_ 3y ago
  Thanks for the comment, it was also my recent experience. Even though in that case I'd love the trickle-down economics to be renamed Robin Hood economics.
keep_reading 3y ago
Trickle down is just another layer of this onion of fraud. The bit of the onion with the syn-Propanethial S-oxide that makes your eyes water? Fiat currency
ender341341 3y ago
The problem I run into with family is if you collect it all together and call it trickle-down economics it's "obviously that won't work", but then they turn around and basically just keep repeating all the parts separately anyways. It's similar to the doublespeak I hear from those same people about how unions are a scam that are just out to screw everyone while also, all the people they know who are union retired 10 years before them with big nest eggs and they should have joined the union when they were young.

It's always interesting to be presented with the bubble you are in. I was under the impression that nobody seriously believed in trickle-down economics anymore.

by Hugsun 3y ago

It's always interesting to be presented with the bubble you are in. I was under the impression that nobody seriously believed in trickle-down economics anymore.

pm90 3y ago

I remember these ideas being taught in my elementary economics classes in high school. It seemed mainstream and less fringy then.

asylteltine 3y ago

The only people who believed it were rich people and republicans who think if they suck up to rich people enough they will become rich

meinmissoula 3y ago

Your experience matches mine- I only ever heard "trickle down economics" used by people on the left making mocking, derisive commentary about Reagan and neocon politics. Then someone pointed out to me that my entire affluent, privileged, comfortable life is due to trickle down economics. In the last 15 years, I've had high salaries paid by various money-losing startups, financed by rich people investing in VC funds. Now I'm a millionaire, entirely as a transfer of wealth from the rich. I haven't had a job where my salary was realistically paid by customer money/business revenue since before 2010 or where any of the VCs ever made their investment back. I don't know if there's any lesson to learn from that or if it's just funny or ironic, but it is kinda entertaining to me to realize the entire Venture Capital backed economy can be seen as trickle-down economics "working".

Hugsun 3y ago
That's hilarious and fascinating. Thanks for the input. I suppose the issue still stands, as VC based trickle down isn't a very scalable redistribution system.
imtringued 3y ago
This works but only if you believe everyone should live in the Bay area. The equivalent to that is that all Europeans should live in Germany.
- meinmissoula 3y ago
  For what it's worth, I have never lived or worked in the Bay area. Your point is still probably directionally accurate, just expanding "Bay area" to include all the hubs of technology- Austin, Seattle, NYC, Research Triangle... probably plenty of people have the same story as me while living in Boston, Denver, Washington DC.
Koealaquillage_ 3y ago
Thanks for the comment, it was also my recent experience. Even though in that case I'd love the trickle-down economics to be renamed Robin Hood economics.

keep_reading 3y ago

Trickle down is just another layer of this onion of fraud. The bit of the onion with the syn-Propanethial S-oxide that makes your eyes water? Fiat currency

ender341341 3y ago

The problem I run into with family is if you collect it all together and call it trickle-down economics it's "obviously that won't work", but then they turn around and basically just keep repeating all the parts separately anyways. It's similar to the doublespeak I hear from those same people about how unions are a scam that are just out to screw everyone while also, all the people they know who are union retired 10 years before them with big nest eggs and they should have joined the union when they were young.