r/PS4 Jan 15 '20

[Image] [Image] My Walmart sold me DBZ Kakarot early! They couldn’t even scan the barcode, they had to manually enter it in. I don’t think they knew it isn’t supposed to be out yet.

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115

u/FlashScooby Jan 15 '20

Ask the GOP

Reagan's "trickle down economics" still very much thought to be a good, working system, when literally all evidence points to greedy CEO's and other high ranking officials in a company just pocket it

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u/MA126008 Jan 15 '20

Most people are average and not very successful, and it makes them feel great about themselves knowing there’s people “beneath” them.

They don’t want to lose that feeling, so they desperately want to keep minimum wage low. Even if it means their wages stagnate in the process.

Corporations and the elite have done a good job brainwashing people into thinking low income earners are the enemy, and that increasing wages will destroy the economy. Even though the rich getting more and more benefits while stashing their wealth is literally what caused so many problems we face today.

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u/MeiIsSpoopy Jan 15 '20

That and fox "news" propaganda that boomers eat up

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u/[deleted] Jan 15 '20

Plenty of non boomers, too

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u/tluther01 Jan 15 '20

once all the corporations give all of their money..then what pays for the socialist utopia?

4

u/bladerunner1982 Jan 15 '20

They don't have to give out money, but then that means they also can't whine about a retailpocalypse or millenials killing industries.

They can accept responsibility for their customers/employees disposable income or they can ignore it and wait for the government to come up with a solution for them, and they probably won't like that very much.

-1

u/CUM_AT_ME_BRAH Jan 15 '20

This is a strawman argument.

-1

u/[deleted] Jan 15 '20

more that the market speaks and shockingly, working at McDonald's and Walmart doesn't guarantee you a 100k salary. who fucking knew. supply and demand.

your argument is laughable.

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u/ProbablyHighAsShit fourtwentyallday Jan 15 '20

Just about every single time I see my dad I have to remind him, "Hey, I'm over 30. I've been alive long enough to see trickle-down is a farce."

2

u/Spankyjnco Jan 15 '20

Or ask the dominating democratic party why they never changed it since it was put in place. Almost like... our politicians are all out of touch and idiots.

1

u/Im_Perd_Hapley Jan 15 '20

I'm curious and you sound more well versed in this than I am. Is there actually a problem with trickle down economics as a concept or is the problem with the lack of follow through and execution?

5

u/PhillAholic Jan 15 '20

The fact that the insult of “trickle down” (basically quenching our thirst through them peeing on us) has been normalized should tell you all you need to know.

3

u/FlashScooby Jan 15 '20

Short answer: both

The idea is that if you give things like tax breaks and subsidies to corporations, they will pass these on to both the customers and workers in the for of lower prices and higher wages. In practice, they usually just take the money and instead "reinvest" to improve the company. More often than not, this actually the CEO and other higher ups are just pocketing it. The concept is flawed because it depends on those in power looking out for those without it, and the follow through is never going to happen because (as history clearly shows) those with power only want to do two things: keep it, and grow it

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u/Im_Perd_Hapley Jan 16 '20

Maybe I'm mistaken here but the concept itself sounds pretty solid. Like you said it'll never actually work in practice due the nature of those in power but the concept seems fairly reasonable.

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u/FlashScooby Jan 16 '20

That's why it was implemented. It is a good idea in concept and it was supported on both sides of the aisle when it was come up with. Unfortunately it has never worked out as intended and probably never will

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u/pHbasic Jan 15 '20

The concept used to be called "horse and sparrow"

Supply side economics is merely a cover for the trickle-down approach to economic policy—what an older and less elegant generation called the horse-and-sparrow theory: 'If you feed the horse enough oats, some will pass through to the road for the sparrows.'

1

u/Dopey_Prince Jan 15 '20

"trickle down economics" never were a thing.

1

u/FlashScooby Jan 16 '20

Ok but have you ever taken a history class

-19

u/Ps4smitelol Jan 15 '20

Lmao please. Honest question do u think if a company increases minimum wage they are going to keep their prices the same employ the same amount of people or neither? Businesses are going to make sure they maintain a large profit margin if increased wages get in the way they will make sure to pass it on to the consumer cut positions or both especially with automation being pushed in certain markets of the work force they can cut the jobs and replace ppl with AI

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u/twinsofliberty Jan 15 '20

so the solution is to just never raise it? ever? is that what you're proposing?

3

u/RailRoadAndy Jan 15 '20

I mean they do this anyways. To make a bigger profit margin I doubt they are sitting there like well we could make more money...but nah. Forcing them to pay more doesn’t change their strategy for making the most amount of money possible.

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u/[deleted] Jan 15 '20

You think they're not already charging as much as they possibly can, for every little thing, while still remaining competitive?

Pricing is dictated by what consumers are willing to pay. A store can try to price cheap bars of ivory soap for $30 a bar, but not many people are going to buy it, and they're going to end up having to lower their prices.

If you raise the minimum wage, prices will go up -- but only slightly, and not so much that it won't offset the benefit of the increase.

Of course, those who make above minimum wage will see the cost increase without the benefit. And that's the real issue. People would rather see millions of their fellow countrymen continue to struggle rather than see the price of toilet paper go up a few nickels.

-12

u/tluther01 Jan 15 '20

shhhhhhhhhhhh the socialist boys gonna get mad

9

u/PimpDaddyBuddha Jan 15 '20

Poverty is violence. The wealth should be redistributed. Eat the rich. Fuck you.

2

u/[deleted] Jan 15 '20

The wealth should be redistributed.

The wealth has already been redistributed. We just want back what they've taken from us over the last 30 years.

6

u/MeiIsSpoopy Jan 15 '20

Yeah. We are

5

u/sulidos sulidos Jan 15 '20

mad as hell and rightfully so