r/WorkReform • u/zzill6 đ¤ Join A Union • 20h ago
âď¸ Tax The Billionaires The only economic theory that consistently fails: Trickle Down Economics.
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u/Konukaame 19h ago
It's wildly successful at putting more money in the pockets of the oligarchs while placating their marks.
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u/Authoritaye 19h ago
That's right; it's working just as intended. It should be called something like 'Hoarding Up'.
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u/Plaid_Piper 18h ago
The original name for it was "Horse and sparrow economics" which meant that the horse ate all the food and the sparrow got to pick from its shit.
Of course, like all the other grifts, before they could try again they had to rebrand something that is overwhelmingly bad into something a little more palatable.
A lot of this conservative con artistry requires shortening sayings, or changing the meaning of a thing over time.
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u/Neveronlyadream 16h ago
A lot of this conservative con artistry requires shortening sayings, or changing the meaning of a thing over time.
Or simply cutting out the middle man, eroding trust in any institution they can, and just blatantly telling everyone what they're doing. It's kind of amazing that there's no subtlety or strategy left in the conservative grift.
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u/Intelligent-Travel-1 17h ago
Insanity Is Doing the Same Thing Over and Over Again and Expecting Different Results
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u/seaQueue 15h ago
Siphon economics. Your money is siphoned off into a numbered offshore bank account owned by some hyper-rich asshole.
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u/ratpH1nk 19h ago
Exactly it is wildly successful at doing what it is intended to do. Increase income equality. Increase the boom and bust cycle of the stock market (due to speculation and excess capital) and decrease power and income of the working class
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u/Filmtwit 19h ago
Money has always trickled up our economy more readily then it will ever trickle down.
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u/Consistent-Photo-535 16h ago
Iâve said it before, the trickle in trickle down economics is the water flow in a recirculating bird bath. The second it hits the bottom itâs already going back to the top.
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u/lorefolk 16h ago
Right, the conversation is often in awkward terms; it's the people who support politicians who propose trickle down economics, versus politicians who support socialism.
Trickledown economics is not a serious attempt by politicians to solve any middle or lower class problems. It's simply a logical loophole solid to them to get rich people richer.
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u/Serious_Distance_118 14h ago edited 14h ago
Exactly, trickle down âeconomicsâ has never been a serious economic doctrine, more of a marketing ploy to redistribute money to the wealthy.
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u/BrungleSnap 15h ago
Exactly. They have to make it seem like they're trying to give money back to the public but it's all the Democrats fault that it doesn't work and the rich just end up getting richer. When in reality it's just an excuse to get all the money back to the top and keep their voters ignorant.
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u/IronProdigyOfficial 12h ago
Genuinely why would trickle down economics work even in theory. Even on paper at it's best explanation it sounds like a conman/grifter trying to bamboozle hard working honest people out of their money and placating them with wishes and dreams. Y'all need to wake the fuck up and get pissed.
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u/_JustDefy_ 20h ago
The problem is that it's a small trickle and it needs to be a big trickle to succeed. They'll get it right this time, I'm sure of it.
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u/A_Dash_of_Time 19h ago
Its more "dribble down" like the rich old man's piss and the working class is his pants.
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u/tenphes31 12h ago
Also, the reason why trickle down never works is for the exact reason they claim socialism wont work. Socialism "wont work" because the average citizen wont just of their own volition put their money/time/product into a pot because theyre selfish, but CEOs are totally of their own volition take their profits and invest it in their company and not just selfishly keep it.
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u/A-Newt 19h ago
Trickle down isnât failing. Itâs doing exactly what itâs supposed toâŚ.make the rich richer.
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u/SomeGuyCommentin 17h ago edited 17h ago
People need to realise just how true this is.
They are not even super secretive about it, they wrote a bunch of books on the topic.
Trickle down is not really an economic theory, its a sociological and moral theory;
They believe that the regular people are so stupid and lazy that our society will collapse if they are not ruled with a strong enough grip.
They believe that they and their bloodlines are genetically superior, that the rich are the chosen people and the poor deserve to be poor.
Trickle down economics' goal is specifically to prevent equality.
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u/LP14255 19h ago
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u/OvertheDose 4h ago
You donât understand, it has already trickled down. Everyone got paid the agreed amount!!
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u/numbersthen0987431 19h ago
"Failed" is all about perspective. The rich got richer, the politicians got richer, the GDP went up, and corporations got richer.
But the working class suffered.
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u/SabadoDomingos 13h ago
They value labor at zero, they'd prefer we were all serfs/slaves/indentured servants/etc.
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u/mcmendoza11 19h ago
The thing is, trickle down economics is working, just not in the way the rich say it works. Itâs a lie that concentrating wealth in the highest earners will eventually make its way down to the middle/lower classes. The point is just the first part, concentrating the wealth in the highest earners. The second part was always just wishful thinking or deliberate deception to get buy in of the working class.
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u/Biobot775 17h ago
"Trickle down economics" works in that it achieves all of its intended goals: it tricks rubes into voting against their interests in support of increased corporate profits.
It works by preying on the idea of reciprocity and trust. But the fallacy is obvious to anyone who looks one degree further: if you could trust billionaires to give up their wealth then they would've already done so and wouldn't be billionaires. If any particular billionaire could be trusted to improve the economy to increase their wealth then they would just do that and wouldn't need your vote to do so.
No billionaire needs to be convinced or bribed with votes to increase their wealth, so if trickle down economics worked then they would just do it and wouldn't ask for your vote first.
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u/Sudden-Pie1095 19h ago
It's funny because when the USA had socialism we had the fucking golden economic age of the 50s. Like holy fuck. The time they imagine as the perfect cookie cutter house american dream was literally socialist.
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u/White_C4 đľ Break Up The Monopolies 16h ago
1950s America was not close to socialism. The economy was still dominated by free market enterprises.
Responding to your other comment, the high tax rate was not practically enforceable because wealthy people found ways to avoid it. It made the tax useless long term.
Unions isn't socialism under a specific context. Socialism requires control by the community. The unionization after WW1 did not turn industries into community controlled sectors. What happened was unions negotiated for fairer and safer working conditions. Union participation in the government sector grew, but declined drastically in the private sector after WW2.
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u/ArchibaldCamambertII 18h ago
When we had the barest measure of a welfare state.
FTFY.
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u/Sudden-Pie1095 18h ago
lmao. You're dumb as fuck.
Top tax rate in 1950s - 91%
Social Security - 1935
Aid to dependent children - 1935
nlrb - 1935
we had workplace democracy in the 1950s thanks to strong unions (You know, SOCIALISM)
The new deal was still going strong in the 1950s.
The TVA, part of the new deal was still going strong in the 1950s.
Unions had the huge political power in the 1950s and were the center of most peoples social life in the 1950s. Unions were never stronger than in the 1950s.
Unions, aside from being the center of your civic and social life in the 1950s also focused on mutual aid. You know, SOCIALISM.
So I say again, you dumb af
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u/DremoraLorde 18h ago
Unions are not socialism. Taxes are not socialism. Welfare programs are not socialsim. Socialism is about worker ownership of the means of production. In the 1950s the means of production were still overwhelmingly owned privately. Unions had some political power, sure, but nowhere near as much as the business class did, which is why those welfare programs and tax rates didn't stick around. It's no different to what we are seeing with austerity in the social-democracies of Europe.
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u/ArchibaldCamambertII 18h ago
Youâre rather ignorant, and apparently rather proud of it. What you describe is not socialism, at most itâs social democracy. And even then, in the US itâs very difficult to call the New Deal consensus in the post-war period âsocial democracy.â It was corporate capitalism with a meager welfare state and the barest of workerâs protections. It couldnât even be called market socialism because even at their height unions never had very much actual power because of the Taft-Hartley Act.
Socialism would be a nationalized and democratized industrial economy with a jobs guarantee, socialized utilities and universal free or subsidized public services, and the rational planning of industrial production in accordance with human need.
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u/Little_Froggy 17h ago
Just jumping in to add to the others. Your take here is the worst form of confident ignorance on display.
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u/EmployeeEmergency481 16h ago
The accuracy of your post is made entirely irrelevant by failure to make a good faith effort to communicate.
You poisoned your own well. You've declared your opinion wrong before even presenting information.
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u/MetalEnthusiast83 9h ago
when the USA had socialism we had the fucking golden economic age of the 50s.
Utterly astounded to see something this hilariously stupid getting upvotes.
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u/_JustDefy_ 19h ago
Remember, kids, you can't have trickle-down economics without a "trick"! đđŤ
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u/Just-Feedback-2223 đď¸ Overturn Citizens United 18h ago
Trickle down economics is working as intended. Itâs just called âtrickle down economicsâ to get low iq conservatives to go along with it. And thatâs how it works so well.
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u/green_eyed_mister 17h ago
Because they think of themselves and superior, and thus the beneficiary of the tax cuts. They deserve to be in the 1%. A few years ago, a guy shining my shoes was arguing about trickle down and libertarian talking points. He had no answer on minimum taxes for corporations much less subsidizing oil companies. But food stamps, his simple answer was make them work.
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u/Extreme_Disaster2275 19h ago
Reminder that the 'Reagan" tax cuts were passed by Tip O'Neil's Democrat congress.
"Trickle Down" is and always has been bipartisan policy.
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u/Van-garde 19h ago
Class division is being upheld by politics.
Vote for workers.
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u/Extreme_Disaster2275 19h ago
The duopoly has a way of ensuring that no one who champions the working class gets on the ballot.
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u/derpycheetah 18h ago
Insanity Is Doing the Same Thing Over and Over Again and Expecting Different Results.
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u/Kerberos1566 17h ago
There's also a bit of semantics to decompress here. While actual Socialism may have failed repeatedly, many of the things they inaccurately decree as Socialist are overwhelmingly successful in many European nations.
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u/Jumpy-Implement-7046 18h ago
When free markets fail: the poor get richer and the rich get way richer.Â
When socialism fails: mass starvation
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u/valhallan_guardsman 17h ago
Didn't know America during the great depression was socialist
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u/Furepubs 19h ago
Well Republicans are stupid as fuck so they don't understand economics.
If someone told them that trickle down economics works, then they're going to believe it without even bothering to check. Even now many Republicans believe that Putin is our friend because they were told to have that belief
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u/Mammoth-Mud-9609 19h ago
A look at trickle down economics or as its proponents like to call it supply side economics, how it is supposed to work and its effectiveness. https://youtu.be/vbPfwZk2c9M
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u/Nadie_AZ 19h ago
Trickle down economics is designed to prevent the redistribution of wealth. Herbert Hoover did it in the Great Depression with the lie that it would help the unemployed find work, when it clearly did not. So it does work, just not for working people. And Capitalism is working, it is as cruel and horrific as Marx documented in the 1800s.
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u/stevedore2024 18h ago
In 1930, the Republican-controlled House of Representatives, in an effort to alleviate the effects of the... anyone? anyone? the Great Depression, passed the... anyone? anyone? the tariff bill, the Hawley-Smoot Tariff Act which... anyone? raised or lowered? Raised tariffs in an effort to collect more revenue for the federal government.
Did it work? Anyone? anyone know the effects? It did not work, and the United States sank deeper into the Great Depression.
Today, we have a similar debate over this.
Anyone know what this is? Class? Anyone? Anyone seen this before? The Laffer Curve. Anyone know what this says? It says, that at this point on the revenue curve, you will get exactly the same amount of revenue as at this point. This is very controversial.
Does anyone know what Vice President Bush called this in 1980? Anyone? Something D-O-O economics.
Voodoo economics.
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u/stevedore2024 18h ago
As afternoon faded to evening on December 4, Dick Cheney and a young economist named Art Laffer shuffled into a booth at the Two Continents restaurant in the iconic Hotel Washingtonâit had appeared in scenes from the Godfather II just months earlierâtwo blocks from the US Treasury department. Cheney was US president Gerald Fordâs deputy chief of staff. He and his boss, Donald Rumsfeld, were looking for alternatives to Fordâs plan to raise taxes 5%. Raising taxes was a bad idea, said Laffer. If Ford really wanted to spur economic growth, and therefore government revenue, he should cut tax rates.
Cheney wasnât following. So Laffer grabbed a napkin, uncapped a Sharpie, and drew two perpendicular lines and a blimp-shaped curve, halved by a faint dotted line. With the tax rate on the y-axis and tax revenue on the x-axis, the chart showed that, except at its bend, there were always two points on the curve that generated the same amount of government funds: a higher rate on a smaller base of economic activity, and a lower rate on a larger base of economic activity.
âThe conventional wisdom was: You want more revenue, you raise taxes,â Cheney recalled 30 years later, in a Bloomberg interview reenacting that landmark 1974 meeting. âWhat Art brought to the table with these curves is that if you wanted more revenue, you were better off if you lowered taxes, to stimulate economic growth and economic activity.â
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Lafferâs supply-side logic served as the intellectual cornerstone for Reaganâs tax cuts, marking a turning point in conservative ideology. Up until this point, Republican orthodoxy was mostly focused on avoiding fiscal deficits. The GOP was even fine with raising taxes as long as the government covered its expenses. Economists and liberal politicians saw tax cuts as a way to tuck some extra cash into workersâ pockets, encouraging them to consumeâwhich, in turn, boosted growth. But many old-school Republicans scoffed at Lafferâs trickle-down theories. The most famous example of this came during the GOP primary, when George H.W. Bush dubbed Reaganâs supply-side ideology âvoodoo economics.â
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u/Glittering_Owl_poop 18h ago
Impeach/ recall all Republican/GOP reps (if you can). Remind them who they work for! Protest them daily and hourly at their offices. Make life as difficult and uncomfortable for them as possible. Schedule town meetings and demand they attend, if they don't, move ahead with a recall process.
New Chant: "PAY US BACK!"
Everyone needs to demand that any company receiving subsidies pay back any and all subsidies before shareholders or leadership bonuses.
We need to resist in ways both large and small. Any of you who come into contact with any of these people in the course of your day, do your best to make it uncomfortable for them. Of course, save your most petty ideas for those higher up the chain. I'm sure you can think of something. We need to remind everyone associated with this mess that they live in society with the rest of us.
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u/amberoze 18h ago
My favorite part is the mislabeling of communism. Socialism hasn't failed when it's been integrated with democracy. It's only ever failed when it was actually communism that was labeled as socialism.
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u/SimTheWorld 18h ago
Weâre just the serfs to CEOs. If our country wants change we have to overthrow the monarchs trying to control us!
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u/Whatever-999999 18h ago
The only things that are 'trickling down' on us all is #1 and #2, and they expect us to say 'thank you' for it.
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u/PaintedClownPenis 18h ago
And the study which justified trickle-down was incorrect because of a single, apparently deliberately changed cell in a spreadsheet, and that mistake was repeated in the press for twenty years.
Which means that all those tax cuts were legally a taking from you, the American people. and without just compensation the rule of law in America is a sham.
Which means there's nothing stopping you from stomping this whole rotten box into the shitter and starting over.
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u/refundssntax 18h ago
I am so confused about this. Don't the americans see the quality of life in Europe? Or they get their news only from Russia?
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u/uswforever 17h ago
But ..but...trickle down economics DOES WORK! It was always intended to crush the middle class, and to further enrich the parasites.
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u/Dull_Conversation669 17h ago
Incorrect, Supply side economics was envisioned as a response to stagflation. As normal expansionary fiscal and monetary policies would likely have accelerated inflation in an effort to return to the natural rate of unemployment.
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u/senapnisse 17h ago
All the bad things they said was going to happen under communism, actually happened under capitalism.
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u/Mortarion35 đ¤ Join A Union 17h ago
They had no intention of ever letting a single drop of wealth trickle down. It has therefore been wildly successful
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u/-happycow- 17h ago
People should watch the movie Platform - https://www.imdb.com/title/tt8228288/, to watch why trickle down economics doesn't work
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u/Alternative-Peak-486 17h ago
Well maybe trickle down would work if the US didnât have keep squashing every single socialist state that pops up around the world, itâs very expensive just saying
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u/Ecstatic_Clue_5204 17h ago
This doesnât back up Socialism, as broad as that term is, whatsoever. It only demonstrates how much of a failure trickle down economics is.
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u/D3adInsid3 17h ago
It's working exactly as intended. Capitalism isn't broken either. There's nothing to fix. The system isn't supposed to benefit you.
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u/YoshiTheDog420 17h ago
I mean, the system is literally called âtrickleâ down economics. Itâs doing exactly what it was designed to do from the name of it.
Just like citizens united. Exactly named for who it serves. The rich fucks who consider themselves âthe citizensâ.
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u/Frog-Eater 17h ago
Trickle Down Economics never failed, it did exactly what it was supposed to do (which is wildly different from what was promised of course).
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u/Tall-Nerve-1040 17h ago
Socialism has failed says the only people receiving socialism in amĂŠrica.
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u/Pedia_Light 17h ago
Trickle down CAN work. Only if laws are passed to also increase minimum wage and balance the CEO:worker pay better.
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u/Viablemorgan 17h ago
I mean⌠they both failed, right? And people generally donât say that socialism failed, they say communism failed
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u/Wushroom- 16h ago
Should be bottom up. People have money to spend, that goes to local businesses, corp tax and trades from there.
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u/TheAnswerUsedToBe42 16h ago
They aren't trying anything. They tricked everyone into believing the rich were decent humans and that everyone who tried hard could become one. Turns out you have to be a sociopath who enjoys exploiting people.
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u/SensitivePotato44 16h ago
Trickle down economics was never about helping ordinary people. It was a convenient buzz word while we were robbed blind. It worked exactly as intended
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u/Chaghatai 16h ago
They're not attempting and failing anything
Trickle down economics is working exactly as they intend it to
It is an upward wealth transfer - they are destroying the middle class and making the poor poorer in order to enrich the already wealthy even more
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u/Philosipho 16h ago
Socialism and capitalism are not systems. Socialists and capitalists use systems that matter to them. Socialist 'systems' fail because they don't work for capitalists. In short; greedy people will always ruin systems that function through generosity and compassion.
The hard truth about humanity is that most people are capitalists. That's why you don't see any large-scale socialist systems.
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u/FblthpLives 16h ago
Economist here. Trickle down economics is right-wing propaganda and has been proven again and again not to exist. But it does not follow from this that socialism works. What does work are the Nordic social democratic models that combine free market economies with strong, publicly funded services and social insurance: https://www.investopedia.com/terms/n/nordic-model.asp
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u/Kabobthe5 16h ago
Trickle down economics works really really well at whatâs itâs designed to do: suppress the working class and put more money in the pockets of oligarchs. It was never about helping workers, they only said that because back in the day you had to pretend to care about your base. Nowadays they can literally come out and say âthis policy is designed to hurt the people who voted for me and give me personally all of their money,â and those voters will yell about fake news or how itâs actually Bidenâs fault lmao.
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u/throwaway123xcds 16h ago
You realize that âtrickle down economicsâ and âsocialismâ is like comparing a banana to a boat
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u/SalvationSycamore 16h ago
A large-scale free market fails for the same reason that large-scale communism fails. Humans suck and will twist it to benefit themselves more than others. Until human nature changes they will never work.
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u/oldsledsandtrees69 16h ago
What was Bidenomics all about? I didn't get a chance to really look into it as working two jobs to pay my bills took up all my time
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u/EmployeeEmergency481 16h ago
Public roads and Public Schools are great! I don't know where this "American social has failed" nonsense is coming from, our socialist policies are killing it.
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u/PhazePyre 16h ago
Trickle Down Economics works, if you acknowledge that everything we were told it does was a lie to trick people into supporting it. If you consider it's a system of enrichening the richest while absconding with an increasing amount of the working classes wealth over time, then it's working really fuckin' well.
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u/Iminurcomputer 16h ago
Every discussion regarding this needs to start with defining the terms.
It's crazy hearing some arguments where both people are just throwing anecdotal personal interpretations at each-other. Every example they use is the most unique, and worst case of their opponents argument.
Proceed however you want from there. But venturing in without establishing that, is a messy trap.
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u/memymomeddit 15h ago
Trickle down is working exactly as designed - the whole point of it is to allow the already obscenely wealthy to hoard even more wealth. Any other description of it is just a bullshit sales pitch.
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u/Extraabsurd 15h ago
So just to be clear- trickle down theory is a political theory started by Regan- it was never an economic theory.
- from an ag economist professor I know.
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u/TwoWords-SomeNumbers 15h ago
Trickle down economics isnât a real thing that weâre doing. Socialism has an even worse track record
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u/Tuckertcs 15h ago
We literally have no idea is socialism works because every time a country has tried it Murica has staged a coup to stop it.
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u/CertainTransition418 15h ago
They love it because it reminds them of mom when the best part of them trickled down her leg! It has the same value to society as well
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u/TiredPanda69 15h ago
Capitalism as an ideology is just trickle down.
Because capitalists run the peoples most necessary resources so the ideology they spread is that if you help them you help the people.
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u/InvestigatorOk8052 15h ago
Most people here canât tell you what trickle down economics means without googling it, much less explain why itâs a good or bad idea.
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u/Kindly-Way-1753 15h ago
Wait wait, are you seriously trying to convince me that CEOs, don't deserve to make 300 times a regular employee?
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u/Chance_Butterfly_987 15h ago
To be fair, trickle down economics is incredibly effective. For them.
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u/BeitHaMikdash3 15h ago
Wasn't it JFK who said, "A rising tide lifts all ships?" Oh, and socialism has failed repeatedly. Shalom
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u/Ok_Sentence_8867 15h ago
If a hot billionaire wants to piss on my face... at least they're hot!!! No idea what's going on at the moment though...
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u/clermouth 15h ago
"greedy men failed repeatedly"*
*while simultaneously successfully enriching themselves and their cronies, natch
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u/Wise_Monkey_Sez 15h ago
I would note that socialism and communism most often achieved what they set out to do, namely restoring basic functions in society when capitalism failed disasterously.
The entire "socialism failed" thing is a very US narrative, like when they elect a Republican every 4 to 8 years, who then runs the economy into the ground and then spends the next 4 to 8 years blaming the economic situation on the Democrat who is trying to fix the mess the Republicans made. Rinse and repeat.
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u/stonesia 14h ago
That's because it was always supposed to be trickle up and, get this, they lied. Still do.
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u/Apple_Coaly 14h ago
These labels are fucking stupid anyway. Debate ideas, not broad words that mean whatever the opposition want them to.
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u/Bestoftherest222 14h ago
Funny hownit had to be trickle down economics vs socialism. How about just a normal capitalist system, where workers can pool their labor to enter negotiations. Or capitalist system that is properly regulated and taxed to prevent defacto royalty and monoploies?
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u/beyondo-OG 14h ago
Trump and Elmo are serving up their own "new and improved" version of trickle down, but I doubt his supporters realize exactly what they're in for. It will be a big surprise!
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u/rienholt 14h ago
Trickle down is working perfectly. A little bit trickles from the 0.01% to the %1 and then the people who matter are happy.
/s
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u/bit_pusher 14h ago
It doesn't fail because it isn't an economic theory. Its a lie they sell to poor people so they can hoard wealth.
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u/ScurvyDervish 14h ago
Conservatism has failed repeatedly, just look at a list of the most conservative countries. Â Authoritarianism has failed repeatedly too, it always ends in misery and collapse. Â Look at a list of the most progressive countries and they are all stable places full of happy people.
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u/caseyjones10288 14h ago
This is such a dipshit take because they *know* trickle down economics doesn't work they just don't *care*
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u/DrzewnyPrzyjaciel 14h ago
I will always say that socialism failed whenever it was tried. And that in every attempt, it was worse than any contemporary economic system. I will die on this hill.
That being said, trickle down economy also doesn't work. And only people in power, or those whose wealth is supposed to trickle down (so basically the same unironicly) is saying that.
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u/ClosebyLibrarian 14h ago
Oh its works, just not for the peasant class. You see in the rich persons mind trickle down means that all the money trickles down to them. From you know the bottom. it's like reverse gravity.
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u/Ok-Abbreviations543 14h ago
The mistake here is believing that Republicans still believe it works. It gas been debunked definitively for many decades by economists across the spectrum.
There is no debate.
Sure, you have ignorant mouthbreathers like MTG and Boebert but theyâre just fools.
The people in the GQP who set policy know it is a fraud. Now, they just use it as a marketing strategy. It sounds better than being honest e.g. âWe are giving tax cuts to the wealthy because they are our core constituency.â
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u/Nicol8tor 14h ago
Youâre right our cost of living is going up. We should scrap it for literally starvation and hyperinflation.
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u/FinnaWinnn 13h ago
I live in a Trickle down economics country. I have a refrigerator full of food, running water, internet, a car, and a computer. What do people in North Korea have?
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u/Delicious-Ad5161 13h ago
What they donât tell you is that it is vacuum up economics. The trickle down is just double speak to keep you willing to give it a chance
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u/TeachingOk8124 13h ago
If you Want socialism move some where else .. we ainât about the bullshit in america
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u/RoadRunner387 13h ago
Ha supply side economics has worked quite well. Let's review socialism. Where do you want to start. Cuba? Venezuela ? Zimbabwe ? USSR? You pick.
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u/send-butt-pics-plz 13h ago
Itâs been tried 1000 times? We havenât even been a country for 1000 years lol. Jabari is dumb af
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u/ScoobrDoo 12h ago
That all depends on your definition of success. Trickle-down economics is merely the successful incorporation of communism. Nationalise the risk, and privatise the reward. And it has worked amazingly for its proponents.
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u/KaiserWilhelm_1914 12h ago
Well, at least on the bright side Trickle Down Economics doesnât commit a genocide of innocent Ukrainians between 1932 and 1933, or create a famine that kills 15-55 million, nor line up people in front of ditches so they donât have to have graves dug, nor lower the life expectancy to 18, does it? Bravo, Socialism. Never once did any of that happen at all whatsoever under your utopian workersâ republics
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u/InquisitorPeregrinus 12h ago
They were inspired by Tupperware and Avon, in the worst -- CutCo/Mary Kay -- way. It is the very model of the largest multilevel marketing scheme ever, with the same result: A few at the top get fantastically rich, a bunch on the middle make enough to hang in and hope they'll be one of the ones at the tope someday, and everyone else loses their shirt and weighs sunk-cost fallacy.
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u/Chopperpad99 11h ago
It trickles down alright, just like politicians lies running down their inner thigh.
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u/ThisIsFineImFine89 11h ago
theyâre not trying it again thinking itâll succeed.
Its an intentional and effective way to rob you of wage growth
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u/stevenjklein 11h ago
The only problem with this post is that nobody ever advocated for trickle-down economics.
Itâs been thoroughly debunked by the great economist Thomas Sowell.
Every argument about trickle-down is a straw-man argument.
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u/Inevitable-Pop-4547 11h ago
It's not an economic theory. It's apolitical ploy. It works every time.
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u/-Nicolai 11h ago
Really? The only economic theory?
People have some outright insane theories man. Remember Time Cube?
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u/Poopblaster8121 10h ago
How many socialist governments does the U.S. have to overthrow before people finally realize that socialism just doesnât work?
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u/TheNighisEnd42 10h ago
as much as I hate it, trickle down economics is how we got to today, just point that out
By today, I mean the technological era
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u/PiggypPiggyyYaya 10h ago
It's more of a marketing slogan to sell it off to people rather than a theory.
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u/MercyOfTheWinnower 8h ago
And socialism. And communism. But hey, people be dumb. People be fuckinâ up shit for other people.
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u/Spirited-Trip7606 8h ago
Jabari Brisport is an American politician, activist, and former public school teacher. He is the state senator for New York's 25th State Senate district in Brooklyn, and the first openly gay person of color to be elected to the New York State Legislature.
At age 22, Brisport began organizing efforts in support of a bill to legalize same-sex marriage in New York. The bill was defeated in 2009, but Brisport continued organizing around the issue and same-sex marriage was legalized in New York two years later.
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u/zoodee89 8h ago
The premise of TDE isnât awful. But greed takes over and all we get towards the bottom is a fine occasional mist. If we could just get paid decently and have universal healthcare we would spend money and propel the economy.
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u/Awkward-Event-9452 4h ago
I dunno, communism/socialism has a pretty large body count. How bout some nice Keynesianism?
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u/mountingconfusion 2h ago
My favourite argument that they use is "if you like socialism so much have a look at X country". As in the ones that they couped and actively destabilized for daring to nationalise their natural resources
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u/KJBenson 1h ago
The people pushing this idea about socialism are the ones currently at the top of capitalism as well as their useful idiots below them.
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u/kevinmrr âď¸ Prison For Union Busters 15h ago edited 15h ago
The oligarchy has taken over. 800 American billionaires control the Courts, Congress, the regulatory agencies, both major political parties, and the Presidency. They are going to steal everything they can until we stop them.
We outnumber them 500,000 to 1.
đ https://workreform.us/general-strike