Degrowth

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Discussions about degrowth and all sorts of related topics. This includes UBI, economic democracy, the economics of green technologies, enviromental legislation and many more intressting economic topics.

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Trickle Down Economics (eupolicy.social)

submitted 3 months ago by [email protected] to c/[email protected]

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[–] logicbomb 49 points 3 months ago (1 children)

I learned something from this post. Previously, I would have said that trickle down economics doesn't work at all.

But that's not right. It has always worked as intended. Because it was always intended to benefit the rich and increase the wealth gap between them and everybody else.

[–] [email protected] 3 points 3 months ago* (last edited 3 months ago) (1 children)

Sort of. As in most cases it's a bit more nuanced than that, actually happened is that some economists came up with this totally swell idea, except they didn't live in the real world and never had, so it didn't work. Then once the rich upper classes realized how effective it was at giving them lots of money, they maintain the system.

There wasn't some grand conspiracy to implement it, all that happened was the rich being opportunistic and taking advantage of a broken system as per usual.

[–] logicbomb 1 points 3 months ago

There wasn’t some grand conspiracy to implement it, all that happened was the rich being opportunistic and taking advantage of a broken system as per usual.

Does anybody truly believe that conservatives behind these programs believed they were giving free money to help out poor people? That goes directly against their usual platform.

In my opinion, the thing you're describing, where rich people convince politicians to give them money, while selling it as a way to make poor people wealthier, is a grand conspiracy, and the politicians were in on it.

It's obvious if you compare it to an actual alternative: Take the same money and instead of giving it to rich people, use it to help poor people start small businesses through grants, tax breaks, and discounted loans.

I think it couldn't be more blatantly obvious, but everybody is entitled to their own educated opinion.