this post was submitted on 27 Aug 2023
1756 points (96.6% liked)
Political Memes
5484 readers
4646 users here now
Welcome to politcal memes!
These are our rules:
Be civil
Jokes are okay, but don’t intentionally harass or disturb any member of our community. Sexism, racism and bigotry are not allowed. Good faith argumentation only. No posts discouraging people to vote or shaming people for voting.
No misinformation
Don’t post any intentional misinformation. When asked by mods, provide sources for any claims you make.
Posts should be memes
Random pictures do not qualify as memes. Relevance to politics is required.
No bots, spam or self-promotion
Follow instance rules, ask for your bot to be allowed on this community.
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
I absolutely know what I'm talking about, and it isn't "trickle down" b cause it doesn't involve any additional mechanics other than an increase in supply in a market defined by a massive shortage in supply.
Also rent seeking doesn't mean what you think it means.
Lots of things sound similar. Socialized costs and socialism sound similar, and are not similar at all.
You not understanding the concepts or criticism of "trickle down economics" just means you shouldn't use it as a comparison until you learn more about it, and why it fails.
As a tip, the principal difference is that TDE assumes that cutting taxes for the wealthy will inherently result in business reinvestment, when it clearly does not. This does not rule out all supply-side economics, as renewable energy subsidies and grants have clearly demonstrated. However, demand-side policies are also necessary at times, as in 08 or during COVID.
Increasing supply does always change the supply/demand curve, and we have a massive shortage of supply in the housing market.