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I'm sorry, I'm not entertaining anyone who pushes trickle down trite at this point. It's so far beyond the point of pretending such claims are actually in good
by Tadpole9181 2y ago
I'm sorry, I'm not entertaining anyone who pushes trickle down trite at this point. It's so far beyond the point of pretending such claims are actually in good faith it's not even funny.
- nodoll 2y agoIs there some fundamental flaw with that idea, or are you rejecting it on the basis of some "reports" of the idea not having worked before?
- Tadpole9181 2y ago[flagged]
- kevin_thibedeau 2y agoIt has a tiny bit of merit on the basis that limited wealth inequality creates opportunities for investment of the surplus capital in novel ways. Something that doesn't work well in planned economies with forced equality. What we have today with a small number of plutocrats hoarding all the wealth doesn't work because they're playing a game of exclusively enriching themselves with no incentive to trickle anything down.
- nodoll 2y ago> no incentive to trickle anything down... Of course you are not hoping they will do out of their good of their hearts. They would naturally want to enrich themselves, and one way to do that is launch new business and employ people, which in turn leads to the transferring back of the wealth to the people. In this manner, this also boosts economy in ways that a simple tax hike would not.
- kevin_thibedeau 2y agoThis is the money that is supposed to trickle down. They are keeping it to themselves. Even more damning with data extending back to 1980. https://fred.stlouisfed.org/graph/?g=1FIED https://fred.stlouisfed.org/graph/?g=1FIED
- nodoll 2y ago>They are keeping it to themselves... So how would this graph look if it did trickle down? Just curious..
- immibis 2y agoThere is a big space in between today's world and Harrison Bergeron. Somewhere in that space is probably the global optimum. False dichotomies are false.
- UncleOxidant 2y agoSomehow in the 1950s we had marginal tax rates on top earners that were like over 75%. And when the folks who talk about "making America great again" are asked what period of time they'd like to go back to they're usually thinking the 1950s.