3 ms·
See why it doesn’t trickle down?
by spiderfarmer 5mo ago
See why it doesn’t trickle down?
- JumpCrisscross 5mo agoHas anyone done a first-order estimate of the tax windfall about to hit state and federal coffers?
- WarmWash 5mo agoIt is trickled down money. Liquid cash looking for a home is overwhelmingly white/blue collar retirement money. Billionaire money is almost always a totally undiversified portfolio of their own company. There are billions of people globally who save money and want it to grow, so they hand it over weekly to institutions that do asset management. It's these institutions that are seeking new investments, but the money isn't their own, it's largely everyday people's savings.
- nonethewiser 5mo agoCan you elaborate on what you mean?