Excuse me if the question in the title is a too big simplification, but I suppose the pattern exists.

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[+] -13 points 1 year ago (8 children)

That's trickle down economics and a lie.

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  • [–] 28 points 1 year ago (3 children)

    No, it's more that making rich people richer isn't a rising tide

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  • [–] 19 points 1 year ago (1 child)

    Exactly.

    Trickle-down economics doesn't work, and everyone who isn't an idiot knows it whether they say it works or not.

    Trickle-up economics would work, because if money gets into the hands of the people at the very bottom, they buy the things they need to live.

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  • [–] 3 points 1 year ago (2 children)

    No it is not supply side economics. If everyone equally got a 10% bump in wealth that would be a rising tide and would not be trickle down.

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  • [–] -3 points 1 year ago

    That's not how it works in practice. In practice, crapitalists get tax breaks, everyone else gets less infrastructure, services, etc and pays more for the wealthy to enjoy a luxury liner while trying to run us over on whatever scraps we have.

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