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Also what no one ever wants to admit is that this kind of system can only be carried out for so long before it collapses on its own.
If you start filling a million gallon wine glass on top of a bunch of small glasses, eventually you’ll just crush and destroy everything at the bottom.
I like to imagine it as constructing a building. We keep building higher and higher, trying our best to place the richest at the very top and ever higher floor. To make it work, we keep taking building material from the foundation to build the penthouse. As the penthouse becomes higher and higher, heavier and more lavish, the foundation becomes thinner, smaller and weaker.
At one point we’ll have an absolutely beautiful penthouse for a handful of people, resting on a very thin foundation that will eventually fail, fall and destroy everything and everyone.
That is part of the problem, when it collapses it hurts everybody. At least until something new can be set up. So much better to stop making it worse.
Hurts everyone except for the people at the top. The world is so globalized that they can easily fuck off with their digital money bank and not have to worry about the collapsed house of cards they left.
That’s the great equalizer of imaginary money … it requires a global system to manage it and make it possible and an entire population of people who believe in it and have faith it, much like a religion of sorts … if the system falters, their money dies with it … if the people lose faith, their wealth disappears as well.
That and global nuclear war that just sends every digital system no matter how robust back a hundred years and virtually vapourizing a lot of imaginary wealth for a lot of wealthy people.
In my personal opinion, its the only thing that keeps us from destroying ourselves … they know if they try to take all wealth, theirs will disappear … they also know that if we lose faith in the system, nothing is worth anything any more … they also know that if we all gain a bit of wealth, they lose power over us
So leaders and wealthy elites have to walk a fine line between fleecing us on a regular basis and giving us just enough to keep holding faith in the system.
It’s funny when you think about it … imaginary wealth is what caused all these problems … but its also imaginary wealth that is preventing us from destroying ourselves
It’s like what Homer Simpson famously said about alcohol … “Alcohol the cause of and solution to … all of life’s problems”
That would be the absolute worst case scenario which I don’t think would happen. Barring world nuclear holocaust they’re pretty immune. Look at the Russian oligarchs, for the most part even with their assets frozen in multiple countries they’re still living in opulence as they have money stored in plenty of countries that don’t hate them. That’s the trick, they’re so rich they cna afford to have multi million dollar piggy banks all over the place.
So trickle down = jenga
Yeah I can see that
They always suggest MORE taxes to fix this and never suggest 0 taxes on middle class and poor. Why do poor and middle class people have to pay property and sales and income and social security tax? It’s ridiculous.
The problem is that the rich mainly make money from capital. Hence the lack of tax makes them even richer. Just removing taxes for the poor, would collapse government services, which in many ways protect them from the rich, while the rich would still see their wealth and power grow. Welcome to a disaster.
So tax the rich first, then lower taxes for the poor.
arguably, government services protect the rich from the poor in far more ways than the poor from the rich.
look at bismarck’s appropriation of mutual aid programs to undercut and poison socialist movements. he talked about this a bit.
Just getting 30% of our income back from eliminating social security tax would probably help. Those “services” are a scam. My friend works in government. She gets yelled at if she works one minute past 4 and her entire job is to ensure all the money is spent, no matter how frivolously.
best bit is when the glasses in the bottom decide to topple over
It seems more like they’re made of rubber and just get squashed under the weight while complaining about sports or immigration or whatever.
It does work, but by trickle, we mean only a trickle. Like a not worthwhile trickle. Not even a roof leak, like condensation on one window
enough bootstrapsing, and one day you too could be the top wine glass! now get back to work, peasant
Now now let’s not pretend that the cup never overflows, it absolutely does. It overflows directly into OTHER disgustingly wealthy individuals pockets too.
Johnny billionaires might not buy enough for that to spill over to us schmucks, but they buy enormously expensive real estate and furniture, accessories, planes, etc… they keep that money circulating amongst themselves and their ilk.
And their lawyers and politicians who benefit greatly of their masters success.
Don’t forget that the source of the wine filling it up is everybody else who pays for things, including the glasses at the bottom.
If we want to give Money to the Working Class we should give Money to the Billionaires! That’s MUCH better then quite literally just giving the Money to the People we said we want to give Money to!
yes, all the electoral solutions are fine. we must not do real politics. we must not take action. we must bury our heads in the sand and stifle our screams. that’s how you make REAL change.
Trickle down economics works on paper but because it assumes that A there’s only one country in the world in which anybody would spend any money, and it’s the country in which they generated that money, and B that people pay taxes proportionate to the amount of money they possess and therefore are incentivized to spend it when they get it, which of course doesn’t work because either they are not paying taxes proportionate to their earnings, or they are finding some other way to not pay the taxes other than spending the money.
It also assumes that rich people will invest all of their money into new businesses and create jobs and thus let the money flow into the economy. But most rich people just invest most of their wealth in real estate and in the stock market, that money will never flow into the real economy.
it also assumes that the ultra-wealthy are human and should be allowed to live. which I think is a really problematic assumption.
but their behavior is fundamentally not human. it’s like a whole thing.
Trickle down economics … assumes that … B that people pay taxes proportionate to the amount of money they possess
Did Reagan assume a wealth tax? Who did?
Theodore Roosevelt
Before Reagan we had a progressive tax actually
so whenever they want teamwork from you, say they’ld just have to wait until the ‘teamwork’ starts dropping down from where the extra surplus if previous teamwork flowed to. without teamwork from above, there’s no teamwork below, exactly as the leaders showed how they want it to be.
For all you who think voting will change anything, I’ve got some swampland for you.
Most people who think voting will change anything also think it’s the only way to change anything. So it’s helpful to suggest specific direct action alternatives.
True, but it doesn’t work at all. The illusion of representation is finally being exposed so that the masses can see what’s going on. No matter who is voted for and wins, only a two party system will be allowed (that’s who the elite control) and they aren’t letting go of that power. So, until those go away, we eat shit.
Is the problem having two parties or that voting is bad. Because you are argueing voting is bad, due to there only being two parties and that is just not true for a lot of countries. You could for example use proportional representation instead of first past the post in the US, which would allow for more different parties serving more specific groups to be elected. Would you still call for people to not vote in that case?
What do you think is going to make those go away?
Them, they need to go away
Only two options. God and revolution.
Yer right. If the email lady would have gotten elected Roe v Wade would have still been overturned
Yeah. They probably would have found a way through bribery, blackmail, or extortion.
So if we smash the top layer, the rest gets some?
Has anyone actually ever said that trickle down economics works…? I see people making fun of it all the time, but no one seems to be championing it? Is it just one giant straw man?
I don’t think anybody actually believes it works, but they’ll tell you it does when they give tax breaks to the wealthy “job creators”.
They do not call it trickle down economics when lobbying. However tax breaks for the rich to increase investment and consumption are extremly common.
OF COURSE trickle down works! I just don’t understand what’s going on in people’s minds that they believe the rich people (i.e. all the water) were at the top of the image.
There are lots of reasons why money trickles down from the poor to the rich. Expecting money to trickle from the rich to the poor is like pouring water into an ocean and expecting the mountains to get wet.
…I’m not quite sure what you’re trying to express here. You say it works, and then you immediately refute it?
I think they are saying that the model is flawed on a more basic level, since workers are the source of all value, and thus workers are the wine bottle. Of course trickle down economics is accurate if you view it as value trickling (or rather being siphoned) from the poor to the rich. Essentially refuting the ideology that views jobs as a resource that is provided for society by the rich, when the reality is that jobs under capitalism are workers creating value and the rich siphoning more than their fair share from the workers’ output and returning a pitance.
Oh, that makes sense. Thanks.
Pretty much, but that explanation is way more complicated than it needs to be.
The image of “trickle down” compares money to water. If you drop water somewhere it will move downwards. But for some reason when people talk about trickle down economics they think that money will trickle down from the people will lots of money to those with no money.
If you go back to the image then water will trickle down to the place where all the water has ended up before, i.e. the ocean. Expecting money to trickle “down” from the rich to the poor is like expecting water to trickle “down” from the ocean to the mountains.
And there are lots of obvious reasons for that. A poor person will have to take a loan from time to time which means that they have to pay for no lasting value in return. They will also have less opportunity to save money by buying things in bulk or waiting for discounts. A rich person on the other hand has little reason to pay workers for something that does not end up making them more money.
Can confirm.
We learned this decades ago through Reaganomics where inequality sudden grew at the fastest pace it ever had in the history of our country at the time.
Despite this people keep preaching it.
because you would be suggesting glorious leader ronald reagan the actor is wrong and that is unfathamable
