Why did trickle down economics fail ?
>>533859812it didn't
>>533859812Gravity is fake
jews
Democrats reneged on the deal to secure the border after amnesty was passed.
>>533859812Because everyone in power keeps shutting the doors behind them.
>>533859812Because it depends on the generosity of selfish people.
post-1970s Financialization of the global economydriven by Thatcher-Reagan policies for City of London/Wall Street (also globalist corporatist neoliberal policies offshoring the west's manufacturing productive capacity)
>>533860152I'm guessing>become rapper>get million dollar advance from label>never accomplish anything>die immediately getting robbed for your chain>leave family behind with the $500k you didn't blow in the span of 3 months>generational wealth created>jk it's all gone by the first anniversary of your death
>>533860152The why can’t most people simply work hard and enjoy a decent standard of living?
>>533859812because it didn't take into account how endlessly greedy people are.
He could not cut welfare as planned because trickle down meant a race to the bottom and people losing their jobs, by the end of Bush first term the deficit had ballooned out of control.
It was never meant to work
>>533859812because that same nigger gave amnesty to millions of illegals so when the upper management that it was supposed to trickle down from spread that trickling out to millions of beaner spics who will then feed that back in by buying useless retarded beaner shit
>>533860688It wasn't meant to make everyone rich it was meant to increase inequality, it mostly worked but they had to increase welfare spending ruining the main goal. >>533860416Derivatives is just gambling and didn't truly take off until the late 90's, trickle down had failed by the late 80's.
>>533860688BINGO
>memeflagShill.>questionthreadShill.>no source, argument, or contextShill.>why does 2+2=5?It doesn't, retard.
>>533859812Because it never made sense in the first place. Rich people don't start new businesses and employ people because of they have an excess of money, they do it if they think they can make a profitable business. Giving them more tax breaks and money didn't create more profitable business opportunities, it simply gave them more money that they hoarded for themselves. Secondly, the richer they are the more power they have. The more power they have the more control they have over their wage slaves, i.e. they can pay them less because they have more leverage. What's the wagie gonna do, go to the other fat cat that's also paying their empolyees table crumbs? Giving to the rich has never improved the living standards of the poor, and it makes no fucking sense when you give it even a minute of thought. How so many people fell for this is incomprehensible to me.
>>533859812Umbrella Coverage
>>533859812Because it was a Jewish lie?
>>533859812because it was never meant to succeed. only make retards complicit with being robbed by laissez-faire capitalists
>>533859812>boomers were tricked by this garbageIs there anything this subhuman generation did right? They are the dumbest fuckers on the planet.
>>533859812>Wx5H
>>533859812there is no serious economist alive today that advocates for (((trickle down))) and it's basically a giant straw man the left has relied on for decades>memeflag oh I seesage
>>533859812The rich got richer, exactly as planned.
at some point we are going to have to reconcile with corporate greed in relation to rising productivity. we've reached a point where those with generational wealth/property, or even those who simply luck out like elon and make a single thing that makes them a fuck ton of money, are then able to leverage these things in tandem with a global economy, cheap labor, and automation in a way where 1st world white worker value becomes completely worthless. This directly explains why median wage has COMPLETELY stagnated yet the rich continue to get richer (browns dont care as much about stagnating wage. they are willing to eat 2$ biryani with their hands and live in a shack with 10 of their relatives)there needs to be a very real conversation about "excess" and at a certain point, maybe that 11th yacht you were going to buy, that money could have actually gone toward fixing a communities potholes or maybe even funding some sort of UBI program, and then we should also have restrictions on h1jeets and automation
>>533860583Why does the window depict dp?
>>533859812it did. poor and low income people in the US are better off than most places. This is why millions of people still try to get into the US and get some trickle down. Rich people don't only hoard money they use it to buy goods and services that people get paid for.
You remember Supply and Demand curves from econ 101?There is a supply and demand for human genes. Because of our technological society, the genes that code for a low skill worker are not in demand. So their wage goes down, relative to that of a high skill worker, or capital owner. Plus by increasing low skill immigrants, you increase the supply of low IQ people, thus driving down their wages even further.This is a combination of immigration suppressing wages, with technology suppressing wages.Now it must be said, the final economic output is superior. With the free movement of labor, the expansion of technology. The economy is more efficient, so at the end of the day, more is produced on-net. The real issue is, that while some items can be drastically increased through multi-factor production, like keyboards, paper, sneakers....etc. The same is not true for all items, which scale linearly with population size. Thus, their price does fall in the same way. In particular: Education, Housing, and Medical Care. In these 3 areas, supply scales linearly with population size, (or even a fixed supply, as with housing), and so in these areas the poor are forced to bid against the rich and come up short. Those 3 items are what kills EVERYONE! That's your $50,000 debt right there. Immigrants get those 3 things subsidized, so they can take advantage of improved economic efficiency, without bearing any of the consequence.
>>533860834>bong flag 2 pbtidthe post-1970s global economy is Financialized, the official Phase 1 was completed 1999 with repeal of Glass-Steagall, after which the global investment banks became casinos. Thatcher and Reagan are the initiators of that two-decades-long Phase 1.As already stated in my post (You) replied to, the disenfranchising of entire west was due to globalist no-borders neoliberal policies of offshoring the west's productive manufacturing assets and infrastructure<--this in addition to the shoveling of all corporate capital into buybacks of their own stock (rather than using profits to improve their own actual product output/manufacturing capacity upgrades). 'Trickle down' was just a marketing campaign (spun off from Laffer) it doesn't describe the myriad aspects and phases of the post-1970s Financialization of the global economy that is still occurring ongoing rn.the Real Economy of goods-services-commodities globally is now entirely separated and walled off from the Financialized global gigacasino where all of the world's wealth is generated (now, 1980s-later) from speculative debt instruments.For most transnational corporations their own product/service might as well not exist (look for example at Tesla: never turned a profit in two decades existence) at all; the only thing that matters is making money—as much return as possible—*off of money itself alone*.>"The real money to be made in the world today is not by producing anything at all. It's simply by forms of speculating — basically making money from money. That's the most profitable, and by far and away the biggest form of economic activity that exists in the world today."— Nick Dearden, quoted in the film '97% Owned'
>>533861478Schizo babbling
>>533861594No dude, that's how it works. That's why the rich keep getting richer. And it's why the those 3 items in particular are getting so expensive compared to everything else. It's why people feel poor, even though technology is so much better today.
>>533859812richfags park their money in wall street not labour. hence, it was all anudda republikie lie, as usual from these dirtbags
>>533859812It only failed in America because America is a failure
>>533861704SoulSeoulSeouless
>>533859812They didn’t take humans greed into account
>>533861704Chinese weren't retarded enough to believe taxing rich people less would make poor people better off
>>533861757soul is boomer cope
>>533859812Au contraire, trickle down was a resounding success.The Rich got amazingly richer,and the Poor increased exponentially.Milton Friedman even wrote a book celebrating it.We are all>Free To ChooseWhat kind of box we will be stuffed in.
>>533861839People who live in those artificial environments go completely insane over time. They become totally detached from the real world and get all kinds of mental issues. There is an optimum level of consumption and development. Not poverty, not excess, but medium.
>>533861839Peak soulless. Bad enough that we have to walk on pavement most of the time as is.
>>533861826China manages to have the second most billionaires in the world while maintaining a progressive tax system. Burgers pay high tax even when middle income which goes straight to niggers, boomers, and jews.>>533861930Funny how residents of Tokyo and Shanghai don't kill themselves nearly as much as rural American hicks do
>>533859812It never works. Netflix has a 25 billion $ cash surplus and does stock buybacks. You're never seeing a cent of it "trickling down" because the whole economic system is centered around capital and asset owning. The moment labor stops being more valuable than capital, no amount of pleasing rich people is going to improve the rest of the population's economic status.
>>533859812I can learn how to take advantage of trickle down economics within 48 hours
>>533861407Muttard learns about ppp
>>533862016All the time I witness this exact same thing>arrogant city dweller is confused about a basic or well-known fact >person from the country knows all about it and tries to explain it>city person arrogantly dismisses them>country person is exasperated and somewhat bemused I have literally met someone from the city who didn't know what the stars were. He looked up and saw things in the sky, and didn't understand what he was seeing.I have talked online to a city dwelling jew who didn't know how fire works. Literally, they didn't understand that wet things don't burn. They thought fire is like a magic spell that consumes anything that touches it. People from the city are not only incredibly insulted, they are often incredibly ignorant about the world. They have a huge category of mental illness and are on too many prescriptions to count. They make modifications to their own body since they're completely detached and living in a state of unreality.
>>533861388I knew I seent that before
>>533859812It turns out that if you give rich people/corps more money, they use it to get even more more money and buy all the assets.
>>533859812It did not fail you mindless drone just make up metrics that were ever even a thing.
>>533861388Because it’s funny, I think. I didn’t make it. I’m sort of hoping it’s not real.
>>533859812The way it turns out, if you give rich people more money, they only use it to make their own lives better. Reagan was ontologically evil.
>>533862285Same thing Aus. People in the city are entitled as fuck and so clueless here. Millenials will post about how they did it 'rough' growing up in government city housing when those same houses are now worth 1.5 million. Meanwhile millionaire farmers in the country side live in old wooden houses from 1900 not giving a fuck.
