Whats the history of trickle down economics?
>>16555212weird leftist strawman that emerged somewhere around the time of Reagan's supply-side economics
Has extremely reduced global inequality.
>>16555212Trickle-up economics is what's actually real. Poor people spend their money, thereby reinvesting it into the greater economy. Rich people just hoard. That's why wealth redistribution always has the same result.
>>16555212One day, Laffer drew a graph on a napkin in order to illustrate that a tax increase or cut does not necessarily result in a 1:1 gain or loss in revenue. Everyone has been aggressively shitting their pants and screeching over this development ever since.
>>16555500>The entirety of the field of Economics in two sentences>Those digits. Well, that settles that then.
>>16555212fix'd>>16555230/threadTrade unions were not allowed under the Soviet Union. Also not all wealth trickles down from the top, sometimes people can generate wealth on their own initiative, even if it is difficult and not everyone becomes a millionaire it doesn't hurt to allow people that freedom. Communism is an evil oppressive ideology.
>>16555903Holy whataboutism lol. How come every time someone has anything critical to say about any aspect of capitalism you have to come out of the woodwork screeching about how communism was the same or worse. Your boss isn't gonna give you a raise because you defended capitalism on a Paraguayan shrimping forum.They both suck. In communism, everyone is kept under the boot with explicit military and police control, in capitalism, its the exact fucking same except its a little less explicit theres also ads. They are both soulless anti-human ideologies that have fucked everyone and the planet.
>>16555212>Whats the history of trickle down economics?Over the centuries, a lot of political economists noticed that a government can easily choke the life out of the economy by raising taxes too high, thus destroying its own tax income.It's therefore better for everyone to only tax your subject to a certain point to maximize both income and growth. Of course the issue is that nobody actually knows where said point is, but the general idea makes perfect sense.Worse, a few decades ago lying retards used this concept to come up with the idea that you can endlessly push demand by increasing the offer, and therefore making sure suppliers have the resources to raise their production infinitely is going to infinitely grow the economy. Needless to say this is fucking stupid, completely baseless, and nothing but a pathetic excuse to lower taxes for big businesses.
>>16555903>Trickle down economics is functionally similar to collectivist societies ending up as corrupt oligarchic shitholesUh bro I think you just accidentally did a "self-own" as the kids say
>>16555903Lmao, if anything elites stop believing in Communism because they got less luxuries that upper middle-class workers in western societies.
