Anyone who opposes “Trickle Down Economics” needs to watch a few lectures
>>542058745Trickle down economics, like "assault weapon", is a term made up by the left to purposefully misconstrue something they dont like.Fuck corpos though
@grok how much in government subsidies did elon musk and his companies receive?
>>542058745Government has to spend to distribute the national currency. That's a fundamental of the system. The more they spend, the more money the public has available to purchase, build, save, etc.Money-creating via credit (especially fractional reserve) is the main source of inflation. Money printing is too, but spending doesn't automatically mean printing. A government has to spend, how else would it distribute a single dollar?Also, this has nothing to do with trickle down economics. Which is a question of how the government spends, not if it should spend at all.
>>542059002I know I just use the term because retards won’t understand what I’m talking about if I talk about Supply Side Economics
>>542058745>Now let me tell you why we need a 1.5 trillion dollar military budget and another 100 billion for Israel
I support the government taxing the rich and just burning the money
>>5420591591) not exactly, the central bank can increase the money supply via crediting reserves 2) even if we did operate under the system yoyre suggesting, the federal government would create money by spending on the few things it is responsible for, military, federal courts, admin, politician salary, border, etc. they would ideally spend a very very small amount too keep inflation and nominal taxes as low as possible. And if they did need to increase the money supply beyond what they were they could do so by lowering the minimal taxes even more.
>>542059241Military is at least a federal reaponsiblility. Taxing us to death to fund trannies isn’t
>>542058745But what if we’re getting taxed out the ass AND the government isn’t even vaguely trying to cut spending?What kind of economics is that?
>>542058745there is no serious economist alive today that honestly advocates for that bullshit, it's a giant strawman that leftist redditniggers like you have constructed
>>542058745Name one single time anything has ever (((trickled down))), one. We should try trickle up economics, where the (((government))) just gives 1 million USD to each registered citizen and taxes every single company and corporation that has more than 1 million is assets 95% gross total for one year.
>>542058745Trickle down was made up by Dems.
>>542059002Fpbp>>542058745Doesn't Elon receive millions in federal funding?
>>542059490Every serious economist including leftists advocate for it.Only dumb Marxist dropouts like you oppose it becsuse you have no desire to get a job. You’re a bum who wants me to pay for you lifestyle
>>542059576USA used to have the highest standard of living in the world before the Goverbment redistributed our wealth to trannies and immigrants. Look at the 1950s, look at the 1980s and 1990s
>>542059649Even Dems support it. Anyone who’s not a tranny Communist supports it at this point. The left has fully conceded on exonomics
>>542059714You mean back when corporations had to pay their fair share and before they got (((tax cuts))). Every single business should be charged a flat 65% tax on gross revenue every year, non negotiable and failure to pay results in a firing squad death for everyone at the management level and above.
>>542059714How would you describe the new deal?
>>542059002The original term is horse and sparrow theory.Feed a horse enough oats and some will pass undigested for the sparrows to eat.It should be called eat from my shit economics.
>>542058745Says the man who makes all his money from the government and thus, tax payers. You have to be the fucking cattle-est of cattle to believe anything that comes out of this pseud's mouth
>>542059667Economically speaking, what would you do if I simply took everything you have, using my significant advantage in ability to cause violence on you?
>>542059839I mean back before we were paying trannies to slash their dicks off and people worked
>>542059853Shitty policy
>>542059943So… 2012?
>>542059932You’re a rich pedo living off daddy’s money and call for taxing the rich
>>542059853You mean the jew deal?
>>542059970Why?
>>542059934Call the police
>>542059667Listen you faggot, I work 40-50 hours a week and make about 80K a year, why is anyone who makes under 100K paying taxes to a faggot government that is TRILLIONS OF DOLLARS IN DEBT?
>>542059341Thank god the Pentagon is a beacon of fiscal responsibility and transparency, otherwise you're saying "Nevermind I'm actually fine with insane goverment waste and bloat as long as you slap a yellow ribbon on it"
>>542060027Shhhh… I’m about to make a point that most economic downturns are caused by Jews taking advantage of fractional reserve spending, speculation, and hypothecation, and that the inevitable fix is to have the government bail them out via spending that’s offloaded onto the average American
>>542059943fat fucks are a bigger drain on our taxes than anyone else, and companies aren't hiring because they're rushing to replace everyone with jeets and AI
>>542060010But Elon does take millions and millions of tax money
>>542060172I'd say you're making a good point
>>542058745>Government spendingThey say this to misdirect from the private money printing. You're not paying another tax to build a highway we can all use, you pay another tax so Schlomo Shekelburg can buy apartment complexes and never work a day in his fucking life.
>>542058745Musk is one of the greatest beneficiaries of government spending though he is too retarded to realize this obvious irony
>>542059943Ok then you are delusional and a boot licker which is far more gross than being a tranny.
>>542058745The tax on americans comes from private spending actually. The banks create money when they loan it out on interest. The gov spends from taxes or by borrowing from the banks. Can you see how retarded that is? The state is the sovereign, it can just create money debt-free, interest-free. You don't even need to tax people's income either. You only need tax insofar as to create demand for the currency and to deter negative externalities (rent-seeking, gambling, pornography).
>>542059264I support taking all possessions from miggers and Jews and giving them to struggling white families.Also putting the Jews and miggers into ovens
>>542058745it doesnt trickle down from the rich but it sure as hell dont trickle down from the government
>>542060261This, the state could print debt-free, interest-free money to spend on infastructure, but instead the private banks are able to print money for profit, which they use to speculate and buy up assets.
death to all migavermin
>>542059293>the central bank can increase the money supply via crediting reservesYet, up to 97% of all money creation is done by commercial banks. Even the kiked FED is tame in comparison to the JP Morgans, Citibanks, Morgan Stanleys, ...>the system yoyre suggestingI'm not suggesting anything. Never made a claim on how the government should spend. I'm saying that it fundamentally has to spend to get the currency into people's hands. Most economic theories on the subject posit rightfully that the wealth of the public is directly linked to the debt of the currency-issuing government.
>>542060483The point of borrowing it instead of printing it is to disincentivize the act and reduce inflationary trends. The creation of new money is always a tax, it erodes the value of what is already in circulation and makes everyone poorer.It's just that they continuously erode their own rules such as what banks are required to hold as reserves, borrowing frivolously and making the distinction insignificant.The moral of the story is that the government can't be trusted with money. They will always abuse the purse when the public isn't threatening them violently to prevent it. Whether the currency is minted coinage, PM-backed certificates, or pure fiat, governments have always found ways to devalue it and rob the citizenry. From the point of view of a geriatric politician, it only makes sense to.
>>542058745OP is functionally retarded. Trickle down has always been a scam, evidenced by the OG Bush calling it voodoo economics when Reagan proposed it. It’s always been a cash grab.
>>542061097>The creation of new money is always a tax, it erodes the value of what is already in circulation and makes everyone poorer.This is only if the creation of new money isn't commensurate with the growth of the economy. There's more of an incentive for private banks to inflate the money supply beyond needed than it is for the government too. Reason being is that >they're for-profit>they don't answer to anybody
>>542058745If we don’t give rich people our money they won’t give us jobs
trickle cunt fuckonomy is when Trump gets fucked in the mancunt, who then fucks Elon in the mancunt, who then fucks Thiel in the mancunt etc. ad nauseam until they all have a shit-smeared dick dripping with gonorrhea juices
>>542061499>only if the creation of new money isn't commensurate with the growth of the economyThe benefits of growth don't necessarily cover everyone, while the expansion of the money supply always does via inflation.
>>542061196>a politician saying something in an election is evidence Can’t imagine being this stupid>>542060622Rot in hell socialist>>542060673No it doesn’t, the FED can create money through loans
>>542060528It does trickle down from the rich the IPhone
>>542060331No I’m not a freedom hater like you, if you hate freedom get the fuck out >>542060115So you support trickle down
Wow, thanks for coming all the way from India to post this amazing twitter screencap on /pol/.
DM- Tiny cabins that were purchased using about $7 million of taxpayers' money in a bid to ease San Francisco's homelessness crisis are still not being used more than a year later.The 60 sheds, which were bought by Democrat former mayor London Breed for the staggering cost of more than $100k each, have been left sitting vacant in a parking lot in Bayview.--- Govt spending. Funny.
>>542062154>the FED can create money through loansYes, every central bank can create money, but that's reserves, aka bank money - not "commercial" money.Hate to repeat myself, so I'll only do it once: up to 97% of commercial money is create by commercial banks. That's the money you and I use, and it's inflated by those banks more than our ECB or your FED - and I'm not trying to defend either of those shitshows here. It's just how things are.
>>542062403>Hate to repeat myself, so I'll only do it once: up to 97% of commercial money is create by commercial banks. That's the money you and I use, and it's inflated by those banks more than our ECB or your FED - and I'm not trying toThis BTFOs all the MMT shit you said before, namely:>"Government has to spend to distribute the national currency. That's a fundamental of the system. The more they spend, the more money the public has available to purchase"
>>542062695>the MMT shitOh, my bad. I didn't notice you were retarded. Nothing I said had anything to do with MMT.
>>542062770The only ones who say "the government has to spend to distribute the national currency, that's a fundamental part of the system" are MMTers, that's actually exclusively an MMT idea because they're all retarded like you.
>>542061892>The benefits of growth don't necessarily cover everyoneIt would if you gave everyone a social dividend to make up the difference between the cost and goods and services and consumer income.>while the expansion of the money supply always does via inflation.Let's take this to the logical conclusion, according to this logic if the government simply kept spending money into existence you would only keep getting more and more benefit. This does not pan out because there is a limit to how much goods and services people need and want, if the government spends beyond that >it just used up resources and labor that went nowhere>you now have a bunch of money which came from spending yet the demand for goods and services didn't change>because people didn't need or want what you spended on, this means the money people have is worth lessYou have to keep in mind the purpose of an economy first and foremost is to provide goods and services to the people, the people should have enough money to purchase goods and services, no more, no less.
>he says this without irony as the orange pedophile in charge absolutely blows government spending and the deficit
>>542062844>You have to keep in mind the purpose of an economy first and foremost is to provide goods and services to the people, the people should have enough money to purchase goods and services, no more, no less.I should add to this that you only produce as much people need or want, no more, no less.
Yes goyim, some day those tasty scraps will fall down from your masters’ table for you to eat. No pork, though!
>>542059002>Hey goys, just wait another couple generations, then the profits of the people who now make 500 times more money than you and are currently working to replace all their human workers with AI and pajeets will finally benefit you too! Eat shit and die, Goyslug. Go stick a flock-camera up your ass, you probably like those too.
>>542062843>The only ones who say "the government has to spend to distribute the national currency, that's a fundamental part of the system" are MMTers,That's where you're wrong.
https://youtu.be/qbHkXfEkQiw?si=AmzHFmAxBDKem77Fthe jews and gov print money without producing anythingthink about if u could do that fun lifebut until it stops production dwindles
>>542062843>the government has to spend to distribute the national currency, that's a fundamental part of the systemThis is true, it either has to be done by private banks or by the government. That's how it works in the modern economy with fiat currency, it's really a matter of fact. If we had a commodity-based currency then it wouldn't be the case, however the problem with that is that you can't control the supply of it. You are diverting resources and labor to gold or whatever when it could be used elsewhere. All that gold or silver in the vault could be used for actual productive ends, all the resources and labor used to mine gold and silver just so it can be stored in a vault could be better spent elsewhere. You are limiting the real economy to a fiction we call money. When you need to expand the economy you can't unless you create more notes than commodity exists (fractional reserve banking). When you have a sudden increase in supply to your commodity currency there's inflation, something that happened to Spain when they discovered gold in the new world. Today something like that would happen with deep sea mining or asteroid mining.
>>542058745isn't the orange nigger u worship responsible for a third of the entire debt?
>>542062229I love freedom, which is why I hate (((corporations))) and (((money))), as both are slavery.
>>542063310>This is true, it either has to be done by private banks or by the government. So it's not true, most money is created by private banks, and most "government money" is created by FED's creating reserves for private banks.
>>542058745>liberals are too stupid to understand free stuff is funded by tax dollarsthey aren't>and if they get 'free thing' then their taxes go up by that muchIt wouldn't. The bottom 90% of american income earners collectively pay ~15% of the total taxes. of course, there would be ripples and greater economic implications but it's not a good faith argument.
>>542063133Why do you care about my country so much? Is nothing happening in Germany or are you just a deep down burgerphile?
>>542058745The true tax is all the money that rich people put into foreign bank accounts.
>>542062844>if the government simply kept spending money into existence you would only keep getting more and more benefit.That's not a logical conclusion whatsoever. If you pretend supply and demand don't exist, you're not being logical.A currency-issuing has to create a sensible loop of spending and taxing to circulate the money. If the loop works, new money creation is minimal, not a prerequisite like your weird reading of whatever you think "this logic" implies. Historically, the loops can be deflationary if you rely too much on gold and cripple a nation that way, or be Weimar/Zimbabwe-style inflation because the loop breaks in the other direction.
>>542063350Well it has to either be the private banks or the government. The thing is private banks are basically a pointless middleman who merely extract wealth. The state is ultimately the sovereign, it's the one which creates demand for the currency anyway because it has the monopoly on violence. That's why there's zero need for the government to tax the people or borrow from banks to spend, because ultimately the value of the money comes from the government's sovereignty.
>>542063316no paying doun a 3rd of debt with tariffbiden obama clinton and a little bush did debt dems overspend
>>542063106Ah yes just vote to have your daddy’s yacht taken from him and his businesses destroyed, youll be so happy when he stops buying you GucciTaxing the rich will work anyday soon
>>542063133Get the brownoid cock out your mouth and then talk loser
>>542058745Wait a minute, isnt trickle down economics basically delayed socialism?
>>542063133>Yes because taxing the rich totally work! Things have been getting worse for 40 years but soon our socialist ideas will create a utopiaTell your pedo daddy to stop buying you Gucci if you hate the rich. Dumb Champaign socialist
>>542063902It’s literally thr exact oppositeTaxing the rich to death (redistributing) their wealth and giving it to lazy trannies is far more socialistic than having a free society
>>542063564economics is all bullshit1 race kingdom winsjews print money here thas why its hellin china king print money and has engineers buildjews dont have long
>>542058745Doesn’t this african faggot get billions in government gibes
>>542058745>>542059159
>>542058745Musk gets billions in government spending subsidies as well as has the government ban Chinese competition for his cars.Can someone explain why he posts all this shit while being possibly the largest welfare sponge in human history?
>>542059341I stop listening to anything a migger has to say when he reverts to tranny derangement syndrome.>>542059454Jewish
>>542064145>Elon Musk's business empire has received at least $38 billion in government contracts, loans, subsidies, and tax credits since the early 2000s.
>>542059341And what about Israel?Hmm?
>>542059454>>542059576>>542059714Milton Friedman, in a lecture like this, possibly the same one, went on a lengthy smug rant about how illegal alien workers are a good thing and deporting them is wrong.
>>542059454>What kind of economics is that?That's "Goyim dealing in the real world-ism"
>>542059714Top marginal tax rate was much higher in the 50s, close to 90%.>>542059943> turn brain off, screech about tranniesOpinion disregarded, concession accepted.
>>542064260>comparing taxes in the 1950s to taxes todayConcession accepted. Stupidity recognized
>>542064260Opinion discarded. Read a book
>>542059714Yeah, buddy.Never mind the USA bombing the rest of the (relevant) world to ashes while coming out of it unscathed.Probably has absolutely nothing to do with achieving and retaining the highest standard of living in the world, for a while.
>>542058745Execs getting millions of dollars in bonuses after firing thousands and closing down stores is proof this theory doesn't work.
>>542064093It's not merely just more money circulating, value is inter-relational. This means that's is more money IN RELATION to the economy. When there's more money IN RELATION to the economy the money is worth less.>>542063564I think I misunderstood somewhere desu. I'm just contending the fact that expansion of the money supply always benefits people.
>>542060172>kayfabe manufactured conflicts and crises>managed outcomesbingo
>>542064346Am Yisrael Chazirim
>>542064418This is to say that the expansion of the money supply should come from the government spending on the real economy according to people's wants/needs.
>>542059002labor share (worker compensation as a % of output) is at an all-time low % since they started tracking it in 1947 and it is even worse when you filter out the top 1%.consumption % is increasingly being done by a smaller and smaller group. 50% of all consumption by the top 10% now... vs. 35% 30 years ago.corporations are squeezing every last drop out of what has previously made America Great and the envy of the world. even better, they have convinced half the country that anyone who opposes this is a Communist Socialist boogeyman.
>>542064316Eat beef, Rapejesh
>>542064351Ah yes because obliterating your economy by bombing the world to pieces is definitely why the 1950s were great, becsuse that makes senseTotally not the fact that they weren’t blowing all their money on trannies and pot smoking rapists
>>542064413That’s actually proof it does work, in fact it proves beyond reasonable doubt it works.It debunks the entire socialist argument. That never went on in the USSR
>>542058745Oh look, he's going through "that" phase
>>542064021But the promise of trickle down economics ie giving money to the rich for free so the money given to them will create jobs. This is a fallacy that has not being true for over 40 years now. The USA moved the low level jobs overseas so which jobs are the ones being created by trickle down economics? Can you enumerate them and if so then why is the USA currency buying power fallen so much just this last 10 years alone? Wealth remained at the top because the greed of the rich knows no bounds. Word to the first trillionaire who isnt even an American.
>>542064418>When there's more money IN RELATION to the economy the money is worth less.And this benefits the people who receive the money first because costs take time to rise and different things rise at different rates. They can take advantage of this by buying assets which they can use to rent-seek.
>>542058745/pol/ always bitch about communism because Karl Marx is kike but sucks muh free market even though Friedman was yid like Marx
>>542064046>1 race kingdom winsIt still blows my mind that Hitler's idea that a nation has to serve its people was considered revolutionary.
>>542064536You’ve been manipulated by the mass media, both left and “right” to think corproations are the problem. They’ve successfully brainwashed a whole generation to blame corporations and billionnaires rather than soxialism
>>542064635You being a loser whos jealous of those better than you isn’t a phase, it’s a character trait
>>542064708
>>542064639For 40 years weve been taxing the rich to death, regulating their businesses to death, and punishing success. Things are worse now than ever
>>542064879>>542064904>>542064955>t.
>>542064200It is a federal responsibility to give them, Ukraine, Egypt, and other countries money
>>542063328It's slavery because YOU get to enslave the world to live better than kings.And you're complaining.
Only anti-semites hate capitalism.
>>542065073Is a shitty job and no one wants to do it
>>542065053>I should have the right to live off other peoples' tax dollars, smoke pot, and masturbate while LGBTQ+ and migrants shit up my nation>>542064200>>542065071This, foreign policy is one of the few federal responsibilities.
>>542065164>I should have the right to live off other peoples' tax dollars, smoke pot, and masturbate while LGBTQ+ and migrants shit up my nationDude, you're severely fucked up in the head.Every waking hour of your life is seething.You probably seethe and mald in your sleep as well.
>>542064708Not only that. The first to new money can spend it before the rest of the economy realizes that the money supply just has grown. What trickles down is practically the inflation, so the ones closest to government spending get the old value of the money, the ones furthest get the new, inflated value.So, it's not just the ability to buy new assets, it's the ability to buy them before their price naturally appreciates via inflation.Ofc, there is government spending we all want. The often mentioned roads and general infrastructure or every public good that isn't immediately ruined by niggers or shitskins.Either way, you're not wrong to think current money creation has all sorts of flaws. Here in Europe, banks don't lend for productive ends. They assume 9 out of 10 companies fail and barely lend for new business creation at all. Which tells you that the largest chunk of our actual money creation gets wasted on EU bullshit, NGOs and feeding rapefugees. Our system moved lightyears from any ideal economic model.
>>542064955so why are the rich richer than ever? they keep loop holes in the jargon so the rich can funnel their money overseas because the ones who wrote the law are also the same rich people. first you say trickle down economics is a free society but then you say its punishing success so which one is it? you are saying trickle down economics do not work implied in this comment. things are only worse for the middle class but the rich are richer, the wealth transfer during covid was unprecedented. how the rich gained more wealth than any period in history while the world was stopped? can you explain that?
>>542065460>so why are the rich richer than ever?*ahem*"They're simply smarter and more intelligent than ever. Thanks to AI. This is why we also need data centers in not my backyard."or smth kek
>>542064879They are both a serious problem. If America actually enforced it's free market, it would be completely impossible for modern mega-corps to exist
>>542065400Are you the "BoomerX" Strudelkopf?
>>542064234That's because he is a kike and only wants to destabilize anything that God has ordained as good.
>>542065669No, but I know exactly who you're talking about. He once told me he thinks people who reply to his posts often are agents who observe him. I take it as a warning/insult that you thought I was him. Maybe I didn't make my points well enough in this thread?
>>542065624I have no clue why, would they just rank up the prices to price out good and services for maximun profit and create global scale inflation of the dollar?
>>542058745Kek trickle down economics started like 50 years ago. It still hasn't trickled down. We can definitively say the concept is busted
>trickle down economics is goodWe've been pursuing this economic policy since the 1980s explicitly, although it quietly began with the Carter administration. the destruction of job security, destruction of the social safety-net, the increasing gap between rich and poor, the outsourcing of well-paying manufacturing jobs caused by free trade agreements, the globalization, the mass migration, the deregulation, and the financialization ALL had to be covered up by SOMETHING. it all got covered up with globohomo cultural slop.>your job just got outsourced to China/Mexico, but at least your daughter can start an OnlyFans to help her pay down on her STEM degree after she moved out of your small town in middle America to attend college at turbo liberal coastal universityI still can't believe/pol/ doesn't get it yet.All of the degeneracy, feminism, and globohomo you complain about is literally the anesthesia for the pain induced by 5 deacdes of non-stop ruthless globalization that has erased our borders
>>542065809>No, but I know exactly who you're talking about.I was just curious because I know that anon had an Austrian flag as well.If you were I would've followed up with a question why the US bond auctions didn't start to fail as BoomerX anon predicted they would.>He once told me he thinks people who reply to his posts often are agents who observe him.Hmm, maybe, possibly, I don't know.Threads like these however really do tend to get similar reply patterns. Most times with visceral disgorging of oppositional talking points.Where I personally am thinking to myself: "Dude, you can't be this fucking triggered over this if you weren't paid to."Paradebeispiele itt, too.
>>542066195>Paradebeispiele itt, too.Ja, leider immer dasselbe Muster, und fast immer auf nem ahnungslosen Niveau das in einem normalen Gymnasium schon peinlich wär.>Hmm, maybe, possibly, I don't know.Fwiw, he often has interesting takes and a decent knowledge of the mechanics behind the twitter screencap headlines, even if his conclusions are a bit biased by his Boomer dieoff obsession. Makes for better econ threads than what we usually get here.
>>542058745holy gem
>>542058745>Government spending is a tax on every American>Retweeted by a guy who's entire empire is built on government spendingWell, I guess he'd know
>>542066179We abandoned trickle down economics in the 1980s, instead of building an economy through wealth, we spend trillions on the social Saftey net for lazy people.Where has that gotten us?
>>542068153>Where has that gotten us?Well the guy who invented it won 4 elections, and we proceeded to not have old people dying in the gutter because it's impossible to save a million dollars to retire in this day and age.
>>542058745Elon's been on a roll lately
>>542068564The guy who's empire is due to government spending, decrying the system that gave him his start. Yeah, big brain move.
>>542064536>labor share (worker compensation as a % of output) is at an all-time low % since they started tracking it in 1947 and it is even worse when you filter out the top 1%.May i see it?>>542064879Fucking ACTUAL retard, where the fuck is my oil check? My free housing? My free college? My free heathcare? Oh right I cant have any of that because we do not have Socialism.Oh and MYSTERIOUSLY all that money that is no longer in the hands of people who work just MAGICALLY matches the rise in corperate profits perfectly, just a coincidence im sure. Or the fault of non existent socialism which you can just declare as the source of everything without neededing any evidence because its such a good tool to hand wave away things you dont like.Go back to r/Libertarians.
>>542058745Most important thread is here:>>542068322>>542068322>>542068322
