I still can’t get over the fact that people discussed trickle down economics like it made any fucking sense.
@StillIRise1963 😂 “the richer i get the better life will be for everyone in America!! Why is that so hard to understand?!?”
@StillIRise1963 Many still believe that if we give more money to rich people, they'll invest it, which will create jobs. Those lies (including the notion that people create jobs) got surprising traction in the 80s. To this day, politicians peddle the idea that we should give extra tax breaks to the "job creators."
To those who support the idea, my questions are: Who exactly are these job creators? What are their names? How many jobs did each one create last year? If their investment didn't create jobs, do we raise their taxes? How do we distinguish between their personal funds and the tax breaks that the rest of us paid for?
Economists would serve the world better as park benches.
@StillIRise1963
Biggest, most corrupt sales presentation ever. We should have known immediately when everyone got left behind except rich white dudes and wannabes.
@StillIRise1963 Trickle down? More like getting pissed on.
@StillIRise1963 In my experience, some - usually small business owners that think they're big business owners - still try to praise its merits, without calling it by name.
for 3 presidencies. and counting.
@StillIRise1963 I am pretty sure it works, we just need to give the billionaires one more tax cut and then finally it all will start to trickle down. Just one more tax cut. or two. Three or four at the most. But then it really will start to trickle down. We are so close, don't give up. It will work.
@StillIRise1963 it was bullshit for the rubes.
@StillIRise1963 The 80s were wild.
@StillIRise1963 They still do in Hillsdale College ads that I can't seem to escape on FB.
@StillIRise1963 We knew it was bullshit back in the Regan era.
@StillIRise1963 all credit due to Ronnie Reagan and David Stockman circa 1981. Rat bastards!
@StillIRise1963 I think that those people had had a lobotomy
@StillIRise1963 from the start, I called it “tinkle-down”. It was easier to explain.
@StillIRise1963 That one Hollywood cowboy did so much damage, we are still suffering from it.
@StillIRise1963 The Right knows trickle down can’t win elections. That’s why they need gerrymandering and culture war issues to engineer their way back into power. Not to mention Citizens United. Once they get elected, their mega donors get tax cuts.
Of course, trickle down is idiotic — the economist who backed Reagan’s proposal to collect more taxes by cutting taxes on the rich was named LAFFER! He even produced a line graph showing how the huge tax cuts would make the economy boom so much that more taxes would be paid — it was called the “LAFFER Curve”!
@StillIRise1963 I always called it Outhouse Economics
What is portrayed as Neoliberalism makes no sense at any level, but yes, least of all as its 'trickle down' justification.
@StillIRise1963 Yes - the idea that giving rich people more money is going to make poor people richer makes as much sense as urinating (to “leak” or “trickle”) on thirsty people to alleviate their thirst. Ronnie and the Republicans - Not so much the #Gipper but the #Gypper
@StillIRise1963 trickle down economics - I think it was this weird myth that got the GOP used to repeating lies and eventually starting to believe those lies themselves. We know what this has led to…
@StillIRise1963 People discuss it like it's still going to happen with all those big, beautiful tax cuts Trump gave the obscenely rich.
@StillIRise1963 Happy to see a rising tide of calling BS on this
@StillIRise1963
I recall an episode in some medieval type show where the knights or barons or whatever were all sitting around the table celebrating some victory and every once in awhile they would toss table scraps to the huddled peons. That's trickle down economics at it's finest.
@StillIRise1963 AKA the "I mailed the check yesterday" theory.
@StillIRise1963 it did make fucking sense. The fat cats got richer and the rest got fuck all.
@StillIRise1963 Oh it made sense all right... if you were the right people 😉 and you wanted to make sure the dirty poors could never use democracy to go after you 🤑
@ZillaMon How quickly we all forget the entire nation let them say this for decades and did not disagree or protest the notion.
@StillIRise1963 Indeed, you are correct. All of them bowing before the cult of the personality and mammon the neo-liberal God of avarice
@samhainnight Perhaps, but the government and nation pretended it was real for decades. I heard NO ONE say out loud this is bullshit. Did everyone just sit here thinking it like they do with fascism right now?
@panamared27401 Escape FB.
@StillIRise1963 Unfortunately, my family, in its wisdom, has made FB its primary communications platform.
@violinguy Rube economists all over the world.
@davidpmaurer Talk about a big lie.
@HumToTable Exactly.
the founding mythology has been twisted to distort from the actual reality.
like the boston tea party?
they protested that the tea had zero taxes on it.
a lot of wealth in the colonies was tied to smuggling. contraband tea was cheaper than official east india company tea until the taxes were removed.
@StillIRise1963 right?! 😂 completely asinine 😂🤣
@StillIRise1963 😂 same! And now we know why. Bc it’s all utter bullshit 😂
@enoch @StillIRise1963 i thought there was a list of rules somewhere that i just hadn't found or understood yet or something
there's no list of rules or the one we have no one follows
@drdrowland Nah. Everyone’s just flying by the seat of their pants.
@enoch
@Aphrodite @StillIRise1963 @enoch I like to think of it as the first anti-monopoly protest