Trickle down economics
what does even mean
>>222048862Tickle down economics
>>222048862people meme on it but isnt it right basically? it is guaranteed that as a country develop inequality will increase but poor people in wealthy countries are still better off
>>222049058Doesn't matter if you get raped in the ass or in the mouth, it's still rape and I didn't consent to getting fucked by rich old men in suits.
>>222048910if you make rich people richer then poor people will benefit from it somehow
>>222049299look at any rust belt area with no jobs and collapsing infrastructure and that is the alternativeits not like i like rich people much anyway but people always assume the alternative is some kind of utopia where everything works out well. the alternative already exist, look at any poor rust belt area people are moving away from, that is the alternative
>>222049325Have you ever heard of progressive tax?
>>222049345idk im just answering anon i just googled it
>>222049058no in thirdie shitholes inequality is much greater. in thirdie shitholes 99% of the population is starving and the 1% are literal kings who have diamond studded elephants roaming around their estate for teh lulz
>>222048862My cum trickled down your mom's pussy the other night
>>222049058Having rich people doesn't mean anything. The trickle is meant to be jobs and a growing stock market but without public services and workers' rights the poors won't get to experience that. Nordic states are poorer than the US but their people are way better off.
>>222048862My country took trickle down economics way too seriously that even the poor have ended up eating the shit of the wealthy here.
>>222049058Nope. See Brazil in the 90s
>>222049325Then why are capitalist poor people richer than communist rich people lol.
>>222050508Nordic states are better off because they're mostly high IQ white people, same reason New England is
>>222050508>Nordic states are poorer than the US>Polish education
>>222052532There's barely any people living on them, i don't think that system scales up to a proper population.
>>222052532Outdated map and low iq post
>>222052655You're an ugly nigger monkey
>>222048862When I piss on an anthill
>>222048910Supply-side theory of economics. Basically if you help the companies things will get better for the workers. Reagan used it to pull the US out of an economic slump, Thatcher did it too, both ignored the consequences long term as their countries continued with the practice of injecting more and more money every recession, never raising taxes to fix deficits, and constantly cutting taxes on companies/the rich.Basically the main cause for a lot of our economic woes, especially those felt by the poorest and youngest of society.
>>222049058Dragon hordes didn’t used to be this big. The way you stored wealth back in the days was in actual physical investments. New stores, new construction, more employees earning money for you. You had to expand to ensure your profits didn’t deflate. Since the 80s and onwards it doesn’t work like that anymore. The wealth in invested in speculations. Billions upon billions just hanging like a big bubble above the economy that doesn’t circulate in the slightest. They don’t even sell stocks when it’s time to actually build something. They just leverage their assets to take out close to zero interest loans in prep. It’s 100% clear for any financial advisor that if you have the capital to open up a bussiness, you’re actually super dumb if you do it. Investing in safe stocks in a far, far better investment. Not even the companies that actually get that money use it to create more circulation. They use it to buy their own stocks. The entire thing is financialized. It’s speculation all the way down. Less and less things are actually made every year. Then a bridge suddenly needs to be repaired and politicians comes to find out the construction will cost 20 billion dollars despite the actual workers and material costing a few millions.
>>222052694Yet my penis is intactCan you say the same?
>>222049058If you don't tax the rich you inherently will end up with massive deficits, and or you have to cut virtually all social services, or tax the rest of the population heavily.And increasing inequality historically leads to polarization, instability, etc.It's only right in ideal circumstances, and even then it's only right for a small window.
>>222052791>They use it to buy their own stocksThis should not be allowedThe most meme thing on finances ever invented
>>222052796>yetSo you admit it?
>>222052816YesI'm dark as the night
>>222052806Why not? A company can sell stocks, i.e. trade a claim on its assets for capital, why can it not buy them back? Is it just supposed to dilute its stockholder value forever until another corp buys them up and liquidates them?
>>222053038Its only diluted if they issue more sharesBuying its own stocks runs contrary to the sole purpose of the stock market which is to raise to capital to expand
>>222049058How many more jobs (for Americans) has Elon made going from $100b netw worth to $850b (soon to be $1t)
>>222053378He managed to hire 30 more child prostitutes after Jeff told him to fuck off
>>222052791I think a lot of this comes down to the economy moving from industry focus to services and globalizationCompared to traditional manufacturing a tech company like Google can just build a new service and launch it across the world the next day. Service companies get instant access to customers from all over the world without having to build up local logistics and opening offices, etc. >>222053378Tesla is a good example of stock prices decoupling from real world financials but to be honest Tesla probably made a lot of people wealthier. I think an underdiscussed aspect is the number of retail customers, buying a stock nowadays is as easy as ordering a burger. Then during the pandemic ton of people had surplus money and I think it contributed to all the meme bumps like Tesla or AMCThings arent looking good but I still think a lot of the happenings can be explained with just globalization. Everyone uses tech and there are billions of people in the world.
>>222053584Even a company like Revolut has 2.3 million users in Hungary. I think a lot of those are inactive and just made an account once. But still. Completely insane number for a country of 9.5 million. Remove all the retired people, kids, etc. 2.3 million for an online banking app that barely lunch 10 years agoThese companies have just brutal reach
>>222053584For sure the money in tech and services has played a part in it. It still completely destroys the excuse and point for trickle down economics. It doesn’t create more jobs, it doesn’t create larger tax revenue. It creates very rich people who invest in companies that has an extremely high speculative value despite not actually creating more wealth for the economy at large. They use their profits to pay out generous dividends to their share holders and buy their own stocks. Both to increase their worth in the market even more. Then said millionares and billionares use these dividends to buy more stocks that pay out even more dividends.Then they’re some times faced with options like: “what will be the most profitable for me:”>Starting a new bussiness and having to deal with the headache of actually supplying goods and services to people and keep a bunch of people on a payroll Or>spend a fraction of the same money on lobbying for a 2% tax decrease on dividendsWhich is a very lucrative bussiness for a politician of course since they now have capital to spend on stocks along with insider knowledge
>>222049058SHUT IT DOWN, SHUT IT DOWN
