Trickle down is a political term. Economists know that wealth trickles up. It is only moved back down with taxes. Non-economists have a saying for this, “the rich get richer”. Economists have a formula for this: r > g
And inheritance is one of the biggest source of inequalities hence why Piketty proposes a massive tax on inheritance to be redistributed equally as a universel basic inheritance to young people. There are hard core scientific papers behind it but this is a popularized article I have found: https://goodmenproject.com/featured-content/fairer-taxes-and-inheritance-for-all-the-economic-plans-of-star-economist-piketty/. Problem is inheritance is an extremely touchy topic, most people have the deeply rooted instinct to give everything to there children and can’t think rationally about it.
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Pickle down Rickonomics
High capacity pump up, and a trickle down.
To get a real trickle down effect, you’d need to tax them and watch the tears trickle down.
How about off with their heads since they’ll just find ways to dodge taxes?
Yup. Only trickle I wanna hear is the blood of billionaires
They got the bomb we got the guillotine
There Lemmy goes inciting violence again. Why is it considered okay if it is the right kind of subversion? 99.9% of people are rational but that leaves millions that take this as a calling.
It isn’t like billionaires constantly ruin the life’s of people and are only in the position they are by stepping over the corpses and suffering of others OH WAIT
Just FYI: Elon musk inherited his wealth literally from an emerald mine. Jeff Bezos is known for his current atrocities against his employees. Bernard Anault is in kahoots with genocidal dictators. You don’t become a billionaire without violating human rights.
As the saying goes: They only call it violence when we fight back.
No, it’s just violence. There is no immediate threat on your life right now and this is premeditated.
The deaths from people starving, becoming homeless, being denied medical care, or devastated by climate change, all so that wealthy capitalists don’t risk becoming workers again, are also premeditated.
Well, everyone is entitled to a fair trial. They are not guilty or eligible for capital punishment until that’s completed and found guilty by a jury of their peers. Try again, extremist.
It wouldn’t be fair, they’re billionaires. This is the whole problem, and why people start talking about eating them (which I don’t really understand) or chopping their heads off. If we were civilised, we wouldn’t have billionaires, so let’s not be too coy about this.
Because it is okay.
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If murder is the only thing that works for people like you, don’t be surprised when it’s what you receive in return with the backing of the state.
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Is a specific billionaire actively threatening your life with physical violence? I don’t think you understand how self defense works.
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Just rid them of all their money. 100%
What are you talking about? As someone in the middle class it’s been nothing but golden showers for me.
I told you, when i’m finished, you can have what’s left!
Proceeds to throw up on the floor and continues eating.
Let’s stop pretending Ronald Reagan could do anything but read a script
“He was just a puppet” is both untrue and too forgiving of his agency in being the worst thing to happen to America since…
Well, actually, he’s got a lot of competion even in the 70’s, like the enslavement of hundreds of thousands of young men to fight an unjust war.
Wealth can only be obtained by taking wealth from others and the easiest way is taking from the unwealthy.
Why do they call themselves unwealthy if they aspire to get wealthy? 🤔
I think I feel a trickle but I think it’s just piss.
Such a bad analogy. Only slightly better if he’d freeze most of it, and sell a tiny part at an inflated prize due to the scarcity.
He has more in the freezer that he also won’t share ( ͡❛ ︹ ͡❛)
He also owns all of the grocery stores, food distributors, trucking companies, farms, laborers, and politicians to remove safety laws and taxes concerning all of those, for a better analogy.
“You can have what’s left!”
“But there’s never anything left!”
But I want it NOW
I dunno the source context (looks very Family Guy/American Dad?) but the image by itself is so… Creepily unsettling. 😐
Family guy, Season 4 Episode 19: https://m.youtube.com/watch?v=jHFTATeWH5g
Thanks for the context!
Yep even in the pocket-dimension of a nonsense Family Guy bit, it’s still creepy and unsettling! Lol
Hey, at least it’s not the R Kelly trickle down economics.
Any minute now!
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Remember when Obama’s government made the Bush Tax Cuts permanent?
Cherry picking probably won’t work on Lemmy:
Obama overcame the sunset provisions and made the tax cuts permanent for single people earning less than $400,000 per year and couples making less than $450,000 per year, but did not stop the sunset provisions from applying to higher incomes, under the American Taxpayer Relief Act of 2012.
I wasn’t aware of that. Thanks for the info.
Also, let’s not pretend that there isn’t more to criticize here. Obama governed as a conservative.
Oh I’m happy to criticize or congratulate anyone who makes a poor or good decision. It will be my opinion, of course 😉
Congress, while Obama was President, made the tax cuts for poor and middle class people permanent. The tax cuts for the rich were always permanent.
What year?
2012, but not for incomes over $400/450K.
Ah, so when Republicans had control of Congress?
