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One year of printing new dollars and forcibly closing small businesses has failed to make things cheaper, new study shows.
We need to stop shaming people for believing in religion and start shaming them for believing in trickle down.
It_s_the_same_picture.jpg
We have proof that Jesus Christ at least existed and was put to death by a Roman Leader named Pontious Pilate, we have no proof he was actually divine.
This means there is more proof for Christianity than "Give the ravenous gluttons who want for nought more pie and somehow the starving children will be fed."
I mean it's basically the same thing at this point.
In the same way that a Ponzi scheme failed to pay its bagholders. It's by design.
We know, we know.
People should be always taxed more depending on how much more they make starting at 500,000$ a year for a single person imo. Once you hit that threshold you're far above a normal human....far above.
If wages/salary are your primary/only source of income, you are not part of the wealthy class, even if it is $500k. Not even close.
Yeah, the problem being that they get compensated in shares, etc, above that point, meaning they dodge all the income tax anyway.
It's kind of about time we blow this bladder apart.
No!!! Say it ain't so!!!
Oh, there's been some trickle down, it's just not anything having to do with money, it's been more of a golden shower that's been trickling down.
It's by design. But in a serious country, serious world, or amongst serious people, we would've been laughing at the "Laffer curve" the moment Laffer ejaculated it into the napkin he first wet dreamed it upon.
But instead because we're both as laughable as the curve itself and because the rich, industrial asshats in this country were foaming at the mouth for a thin, arguably objective, seemingly mathematical piece of horseshit to cover their "steal from the poor and give to the rich" policy preferences, reproductions of Arthur's ejaculate was disseminated like it was the fucking Mona Lisa.
It should never be said that conservatives are conservative in the normal, adjective sense of the word. For the last fifty years, they've been tearing at the fraying seams of society and have been using "trickle down economics" as their seam ripper, while simultaneously blaming anything and everything other than their objectively horrific policies for the havoc wreaked.
Oh, the laffer curve is just fine. The issue is, the people who choose to missuse it deliberately or through utter ignorance never mention that the X value is about 90%. As I always say to those types whenever they bring it up:
"Theh all want to talk about the laffer curve, right up until you have to explain to them how hight the X value is. Then, as if by magic, they suddenly don't want to talk about it anymore and never agreed with it in the first place."
The real problem with economics, imo, is that they always presume inequality to not exist, in order to make the calculations work. The reason being that, if you accept that inequality exists and add it to the pot, as it were, the answer always comes out as "the problem is inequality."
However, that doesn't justify tax breaks for the rich or their rampant greed and exploitation. So, we pretend its non-existent and, tbf, in a wold with no inequality what so ever, where only the best rise to the top and anyone could be rich, if they worked for it and it wasn't a closed shop, most of neoliberalism would be absolute genius.
Of course, the problem is that, in the real world, inequality not only exists but is the definining feature of our economy.
Indeed, Ronnie was and still is a big POS in my book. The USA should bring the tax brackets from the 1960's back.
I'll never understand how this image wasn't ridiculed from the start. I mean if you are talking about "trickling down", wouldn't the bottom be the place where the thing that is trickling down collects?
Of course money trickles down, it trickles down from the poor to rich.
It was but everyone was hypnotized by that POS. People who criticized it when I was a kid were considered socialist. It was/is a backward southern town. These days its just another small methville.
Economists have written the same article for years.
This is like that Onion school shooting article that just changes the location except they count how many years it's been since Reagan
Lol. Put entertainment people in charge of the economy again. Has the public even seen how they cook the books in that industry?
Because the plan all along is generational theft.
It's all the generations getting robbed, it's just that each successive generation gets shafted worse than the one before. Grandma didn't steal your retirement, the oligarchs did.
It's almost like every word a conservative (and neoliberal) says is deception or manipulation.
This cannot be solved peacefully.
There had to be a study?
Is this going to be like UBI studies, where the news pretends every one of hundreds of studies is the one that is breaking this news for the first time? My economics professor was taking the piss out of supply side economics over a decade ago.
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Shocked. I am shocked to the core.
That just sounds like regular corruption ?
with extra steps
I have two words: Fuck Reagan.
Reagan, both Bush's, Clinton, Obama, Trump, and even to some extent Carter. It's been a long dirty project. President Biden is the first to even start the project of reversing the wealth transfer, though it's worth mentioning that Senator Biden was as bad as any president on this score.
Yeah, no shit. Something anyone remotely educated on the topic has known since the policies went into place. The problem isn't that the information wasn't there, it's that no one with enough power to benefit from it is willing to do anything about it.
What do you mean, corporations that have a legal obligation to maximize value for shareholders weren't passing money on to consumers out of the goodness of their hearts? Nobody could have seen that coming! /S
XKCD: Todays 10000 is just as relevant for this topic as it is for mentos and diet pop.
we should not stop bringing this up until it isnt relevant anymore. Which isnt going to be in my life time, likely, so you people everywhere who are either just reaching a point in your life where this IS news to you, or you have people in your circles that havent got the message yet, this seems like a good report to reference.
It's not enough to know or believe a thing.
It's being able to get that info the heads of people who don't know or haven't accepted it yet, by hook or crook, that we must be diligent for and this article, helps us do that.
Don't be only be bitter and cynical, if you are, also be part of the needed majority of people who will champion the bed to take down this flawed policy. Even if you only carry the torch to pass on to those that come after us.
It's s fight with fighting. Spread the knowledge don't make people feel bad for not already knowing this or believing it. Maybe this is the straw that breaks the supply side camels back
They spent those 50 years convincing half the voting population that evidence doesn’t matter, unfortunately.
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How about now?
How about we try some trickle up economics for a while? That's where you give money to people who actually need it, and let businesses compete for them as customers, and the revenue will trickle up to successful companies.
Might as well, right?
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this post was submitted on 23 Oct 2024
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