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What's the most painfully obvious thing you've seen have to be written out? (lemmy.ml)
submitted 10 months ago by to c/asklemmy@lemmy.ml
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Things along the range of:

"Checklist - 1. Ensure that the thing is on."

I've seen stories of people who just don't get it and need their hands held all the time, so what are things where you kinda feel that things are a bit too "hand-holdy"?

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[โ€“] 31 points 10 months ago (2 children)

"New study finds 'Trickle Down Economics' has not trickled down in any way over the last 30 40 50 years"

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  • [โ€“] 6 points 10 months ago (1 child)

    Some economist please corrcxt me if I'm wrong, but: Trickle down may not work. However, trickle up should.

    If you do say, UBI, people will spend the stuff. And the money will go to the big players. They'll buy their food at Walmart. Or meds at Target Pharmacy. Or get a loan at JP Morgan.

    Unlike, say Walmart, who won't buy their huge private jet collection from the swathes of less-than-well-off people across all of America.

    So even if UBI made people lazy, even if it made people less productive, the money will still disproportionately end up in the hands of the rich.

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  • [โ€“] 2 points 10 months ago

    Trickle down is based on the mistaken assumption that rich people will spend all their money in the local community. When often they don't spend their money at all and just save it, and when they do spend it it's on expensive yachts in Monaco. They're not contributing to the economy in which they live.

    The millionaire class were delighted when they saw this idiotic take and pushed its narrative knowing full well that it would be to their advantage.

    I don't think I've ever heard it called a trickle up economics but yeah, it would work because most people have no choice but to spend locally. If I got some money from the government I would buy food in the local supermarket or get my house redecorated by a local tradesman.

    Various tests of UBI have shown that it doesn't really increase laziness beyond the base level it was already at, after all it's mostly the rich who are lazy anyway, as they're the only ones who have the resources. All it really happens is people want more time off work because they can subsidise their income with UBI, but that is an expected and desired outcome as it means more people will be employed to cover the difference which gets more people in work and therefore paying taxes.

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