They know it doesn't work.

Even as they swear it does work. They'll look right into your eyes and say it with all sincerity. They know.

And we've known it for nearly a century. Before it was called "trickle-down economics" it was called the "horse and sparrow theory"; if you feed the horses more oats, more will spill out for the sparrows to eat.

Problem is, everyone already knew "horse and sparrow theory" was complete bullshit, so they needed a new name, and "trickle-down economics" was the one they chose.

People are falling for the same trick by a different name.

If I made $500k USD a year tax-free, it would take me

• 2 years to become a millionaire
• 2000 years to become a billionaire

There's no way what billionaires contribute to the world is worth 2000 times more than someone making $500k. It is not possible that their """labor""" is that valuable. And most of the billionaires have multiple billions, so their "value" is orders of magnitude more. The system is and has always been broken.

So is trickle down housing. Building luxury apartments and hell boxes while saying that they will trickle down in 30 years are also scams.

If we took their money, even if we just threw it into a hole in the ground and set it on fire, it would still be an improvement because reducing their resources makes it harder for them to hurt us.

"The money was all appropriated for the top in the hopes that it would trickle down to the needy. Mr. Hoover didn’t know that money trickled up. Give it to the people at the bottom and the people at the top will have it before night, anyhow. But it will at least have passed through the poor fellow’s hands."

• Will Rogers (1932)

If we don't pivot to Trickle Up Economics, we will pivot to Robin Hood Economics, and that usually comes with guillotines and whatnot.

Is debating “trickle down economics” really still a thing? People were already calling bullshit when Reagan was spouting this shit in the 80s.

It's insane we have to disprove a nonsense theory pushed by the media narrative, the onus of proof should be on them to prove trickle down was ever real and not just a gaslighting technique.

I notice conservatives geniunely believe the system is working as good as it can, and that trying anything else would be bad.

Just one more bro, just one more tax cut. I promise bro, this time it will trickle down, just one more tax cut! I know corporate taxes are at the lowest point in history, but just one more bro and it will happen!

Trickle-down economics worked because it turned a steady stream into a trickle, and now we need a flood

It's still funny how many bootlickers there are I see on social media defending billionaires who left because they don't want to pay taxes.

Trickle down works just as intended, people just misunderstand what it means.

See, when it rains, water trickles down, to the ocean, where all the water already is.

Just like money is doing.

If trickle down worked the way Reagan's crew pretended, the government would be flush with cash instead of neck deep in debt.

A company made $1k extra.

In order for you to get a raise, they are first going to give your boss $1k.

Now they can't afford to give you a raise.

The end. That's it. That's trickle down economics. Nothing else happens.

And yet the voters fall for it like Charlie Brown kicking the football.

Haven't there been a lot of research papers over the past 20 years all saying trickle down economics is a scam (with more polite words)?

🤯

If trickledown worked, they wouldn't need to spend billions of dollars promoting it.

direction is wrong, it trickles up

Well duh there's only so much money. Where do you think they're getting their money from?

the world gaining 400 billionaires last year would have set off an economic boom

I mean, it absolutely did.

given everyone raises

That also happened.

and lowered our prices

That doesn't logically follow. Economic growth goes hand-in-hand with price inflation, as increases in spending power run up against natural resource and labor constraints. Once you've picked over the low-hanging fruit, the cost of the next unit will rise.

What we're seeing in Western Nations is a global rebalancing of wealth that's coming at the expense of our own elevated position. And while we're seeing that rebalancing, we're watching a handful of insulated elites continue to enjoy higher-than-expected quality of life that we assumed we were going to be entitled towards.

But if you're living in the Global South? Particularly in the BRIICS states? You're finally getting to enjoy the fruits of industrialization, centuries after it began. As the US hegemony breaks down and we move back to a multi-polar world, the resource rich states are seeing a windfall not enjoyed since the end of the 2nd World War.

And, as a consequence, the US has scrambled to claw those gains back, either through direct military intervention (Iran, China, the East African states) or through espionage and domestic regime change (Latin America, the Philippines, Eastern Europe).

Our fumbling grasp at a retreating position as global hegemon is destroying the supply chains that made the globe wealthier. And that's adding pressure to prices, both domestically and globally, even as its inflating wages and spurring growth.

So it's a much bigger story than the simple Reaganite math of "Trickle Down Make Big Number Go Up". We're transitioning to a new global economic model of more egalitarian wealth and uniform industrialization. But we're making the transition in one of the worst ways possible - through war, through ethnic cleansing, and through degradation of legal trade and travel.