Have you heard 'trickle-down' in recent news? What are your thoughts on Kristian's explainer? Please let us know!

@DanHowardMtl

Жыл бұрын

Only commie scums would downvote this.

Superb. This is worth bookmarking every time someone attacks free market economics by using this term.

Money moves in only one direction, it goes up, total opposite of gravity.

There is no such thing as"trickle down," economics.

Brilliant analysis of TDE

Niemietz is the man!

Capitalism was originally a pejorative term. It still is but you'd think it began life as some sort of far right conspiracy theory the way people use it.

Sure it exists-Reaganomics.

V interesting although slightly clunky edit at 9'52"

Dude the economists KNOW where the money comes from. Don't pretend you don't.

Money trickles up, crap trickles down.

Irrelevant i suppose but I've always had a simpler view, trickle down to me is the rich buying useless thing, say a super yacht and the construction of that yacht employing hundreds and providing work for dozens of smaller businesses. Even something like a fancy ladies shoe creates a long chain from farmer of cattle to slaughterman to skinner to leather processor to shoemaker (not forgetting the designer of that shoe and the sellers and transport employees at each step). There aren't really many Scrooge McDucks out there that don't spend their cash.

tax people that have more money then they can use to their own benefit. What are they going to buy? some supercar? a yacht? if they have enough to live in a nice area and have everything they could ever want they dont need the extra. There are people who need food banks in this country, there are people that cant afford to keep their houses at a liveable temperature in this country. Our taxes should fund services that the people need and keep people safe. The free market allows people that have gained their fair share to keep getting more and more by simply owning a factory or real estate. When you get an advert to drink a Pepsi, Pepsi doesnt want you to stay hydrated, and Pepsi doesnt want to give you diabetes and poor dental health, pepsi just wants to increase profits. The increase in profit is not directly attached to the benefit of the society. If we reduce the power of government this country will be only ruled by companies, companies that we dont vote for the policy of, companies where the owner will increase his own pay before the pay of the people on the ground. Dont dismiss your government, go and engage in it.

Was trickle-down economics implemented? Yes or no

@brianjones3543

Жыл бұрын

no.

@brianjones3543

Жыл бұрын

no

The flaws in Milton Freidmens "Trickle down" theory were brilliantly exposed in the futuristic movie "The Platform". Was on Netflex.

@Thekaiser4100

Жыл бұрын

You can’t expose something that doesn’t exist.

@THEL0NEARRANGER

Жыл бұрын

Oh but it does work. The RICH invest in New Business ventures and/or Expand their Business and the MIDDLE CLASS get JOBS. Everybody gets RICH. NOW, TRICKLE DOWN economics has the government PAY the middle class not to WORK and that money is spent on MERCHANDISE at business OWNED by the RICH. All that FREE MONEY will "Trickles Up" to THEM on average in 5 to 6 years. The stock market is up 7% in less than 4 months in 2023. EVERY MILLIONAIRE has already made $70,000 .. and WE Thank you for spending YOUR money at our BUSINESSES.

So you’re saying trickle-down economics where not implemented because it was not explicitly stated. But the tax cuts in the growth plan was clearly regressive, favouring the rich. Supply-side economics would have seen fair tax cuts, not those which favour the rich-making it trickle-down.

@brianjones3543

Жыл бұрын

bullshit.....

Confusing video. What does 'trickle down economics is not a thing' mean? Sounds clever, but it's confusing. Not a thing in reality? Not a thing in theory? Wealth tricking down does or doesn't happen? Wealth trickling down could or couldn't happen? I wish many economists would explain their premises clearly rather than trying to sound clever.

You know you can get Google on computers these days, right?

@Dangerousdaze

Жыл бұрын

Yes, and it will point you to endless incorrect explanations on this subject. Like Economics Online's article which includes zingers like, "Proponents of supply-side economics and trickle-down economics prove their theories using the Laffer Curve."

The IEA is right wing think tank - everything you say is caricature !

@mrjades4764

6 ай бұрын

Yeah I got that impression too

Sports leagues are an example of trickle-down economics. Prove me wrong.

@brianjones3543

Жыл бұрын

bullshit...

@alreadythunkit

Жыл бұрын

@@brianjones3543 This is not proof.

IEA "free market thinktank" Fuuuck off lol

@meromorfu

2 ай бұрын

IAE is spreading propaganda about brexit benefits. Must have been paid by someone to do that.

Geeze how condescending. Trickle down economics is rubbish because of fiscal drag. If you want to us tax cuts to stimulate an economy then cut taxation on people who spend the most, the poorest. This will stimulate growth as they spend so much more of their income.

@paullegend6798

Жыл бұрын

Actually the US just did that experiment during Covid - they gave stimulus cheques directly to people (rather than do the whole furlough job protection route). What happened to the stimulus cheques - massive increase in savings level. Quite sensible in a time of massive uncertainty, people saved the money rather than spend it to build up a buffer in case they fell on bad times / lost their jobs. So pushing money at low income households is no more certain to immediately stimulate your economy, than pushing tax cuts to the rich who may choose to invest the money rather than spend it.

@richardbrophy3968

Жыл бұрын

@@paullegend6798 I'd be interested to know the % they saved. If it was less than what the rich saved then it was more effective. Plus the poor tend not to have off shore accounts to funnel money to where it cannot be taxed. Do you have the article on this?

@paullegend6798

Жыл бұрын

@@richardbrophy3968 The US government publishes the info. I would suggest getting it direct from the source. From memory overall savings rate for 2020 more than doubled to 15%+ and it jumped to something phenomenal in Apr 2020, over 30%+ (month of the first stimulus cheques).

@osasereharold-erhabor5405

Жыл бұрын

@@paullegend6798 the rich invest and save too

Capitalism was originally a pejorative term. It still is but you'd think it began life as some sort of far right conspiracy theory the way people use it.

Capitalism was originally a pejorative term. It still is but you'd think it began life as some sort of far right conspiracy theory the way people use it.

@paullegend6798

Жыл бұрын

Well it needs to be re-branded as Free Markets (not the now divisive brand of Capitalism) and the socialism rebranded as Planned Economies. If you couch the question in that way, do you want freedom, or do you want central control of everything you will remind people of why communism failed so dismally and why we don't want to repeat the the horribly failure of socialism. On a side note the problem with current capitalism isn't the capitalism (free markets) it's the capture of government (who control all the markets, they aren't actually so free) to set the rules of the markets so that certain people can extract guaranteed rent. We don't really in any way live in a truly "capitalist" society right now.