this post was submitted on 07 Nov 2024
273 points (98.2% liked)

Leopards Ate My Face

3595 readers
5 users here now

Rules:

Also feel free to check out [email protected] (also active).

Icon credit C. Brück on Wikimedia Commons.

founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
[–] veganpizza69 4 points 1 month ago

The trickle down thing was obviously wrong many decades ago. Now it's only said ironically.

Not only do the 'spoils' at the stock market not trickle down, but Trump is probably going to give a huge tax cut to rich people in his first week as president in 2025. The only way it can trickle down realistically is by high taxes on the rich paired with UBI or federal jobs programs, which isn't something that Republicans would do. The Private Public Partnership model also favors the rich as the private company owners and executives take most of the gains while paying terrible wages to everyone else. Hence, "the rich get richer and the poor get poorer".