So as long as funding for it is taken by sterilizing foreign aid over (at least) ten years, and so as long as its used for education and improvement of ghettos and poverty pockets as a whole instead of "muh black descendants", I wholeheartedly agree. But I guess this isnt a popular solutio...
Unsurprised at your conclusion since that's the natural byproduct of oversimplification of any set of ideas. Imagine being the only person here who can't see your own idea for what it actually is. I'm sure you wouldn't say it if I were to use your own personal ideology as an example. But why care, ...
...assuming that the long-run trickle down rate of the income generated on the economy is 30%... :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: :rofl: I'll tell you how to get a long-run 30 percent tricke-down, tax three-tenths of the assets of the wealthy and give it to the poor. You get ...
Trickle-down focuses on net tax cutting though. The proposal's to transfer income directly from the poor to the rich. The core idea is essentially the same, "if we enable or help the rich do whatever the fuck they want, eventually they'll help the poor. Right? Right?" Unsurprised at your ...
I'd like to hop on the bandwagon and reiterate that "trickle down" economics has been a theory for, like, 130 years at this point. This idea is nowhere near "new". Trickle-down focuses on net tax cutting though. The proposal's to transfer income directly from the poor to the rich.
Given that the ratio was 20% on a good year for the mkt's then its not stretching it by calling out a mean of 30pc. Except it is. Because you're taking the best-case scenario, and boosting it by 50% with literally no justification. Periods of high market growth benefit the rich disproportionately (...
No I'm just on low effort mode for the sake of laziness, but if you think that not answering everything you want is cherrypicking then may as well type nothing to avoid further alleged fallacies See, I like this strategy - "deflection by condescension", let's call it. The idea is to try a...
That assumes an exceptionally good market and that the rich make investments which will benefit the lower classes ( so, none of what I mentioned ). Not really. It assumes an average, mid-stage-cycle market and the data based on income encompasses all the way from 1988 to 2008 -- a period that wasn'...
Spindle wrote:O shit, this is a new one: deflection by cherry-picking.
No I'm just on low effort mode for the sake of laziness, but if you think that not answering everything you want is cherrypicking then may as well type nothing to avoid further alleged fallacies
At worst, it's no worse than redistribution to the poor. No, you're advocating a totally state-managed economy, with no private business at all. If your arguments weren't total bullshit, this would be vastly better than any capitalist system. Not really, it's just inverted social-democracy at most
You're aware that this plan would end up in having a share of the added wealth (est. at 30%) trickling down in the form of added income to the bottom 99%, right? Needless to say, total compensation's stagnated since the 2000s, as has productivity. Rather fair deal then, I'd say. You say "est.&...
No CEO in the world consistently produces financial returns anywhere near computers flipping stocks. By your arguments, then, the CEOs should just shut up shop and give all of the money to the computers. That's untrue, daytrading is rather unprofitable as a whole given that it's mostly a zero-sum g...
But of course, I understand your implied point - after all, its the rich who invest back into capital. And I mean, aside from a diatribe about concentration of wealth and how that's mildly terrifying, they don't invest their money into it, do they? In fact, they don't re-invest significant portions...
Which is my point. The Industrial Revolution, along with the policy I proposed, have their benefits focused on the long-run. Which is a desirable thing unless if you're expecting to live only for a decade or two more. Except that the thing that made it better was the money ceasing to be concentrate...
This proposition only benefits the poor if it were ensured that these subsidies were used in ways to benefit the poor, instead of just being used to make more profits for the rich ( further automation, personal savings, buying out smaller businesses, etc. ) - which was exactly what we saw with rega...
I love when Austrian boyos and the like try to pull the "basic math" meme on me. Like, I study physics. I've taken more math for my prereqs for my first physics class than most econ majors are even required to take. I mean, there's a reason why a lot of the Physics majors I've heard stori...
Such yachts are pretty much what trickles down the wealth generated by the top percent to the bottom 99. Ever wondered how much do salesmen in touristic cities earn from the rich dumping their money in there? I mean, the Maldives for instance enjoys a very strong luxury tourism sector but everywher...
Such yachts are pretty much what trickles down the wealth generated by the top percent to the bottom 99. Ever wondered how much do salesmen in touristic cities earn from the rich dumping their money in there? Lol, "I'm perfectly okay with Richie McRichFuck having a fleet of yachts because it t...
We could replace stupid and pointless jobs like doing a repetitive tasks at a fast food restaurant and instead try focusing in pushing the poor into more useful manual labor and raising the wages for those jobs more than others. Or we could just do Socialism and make work democratic for everybody. ...
While it'll probably not work in middle income levels, it'd mathematically work in very poor countries and first world nations as explicited in the spoiler. You clearly have precisely no knowledge of mathematics. Kindly stop name-dropping it in a vain attempt to make your bullshit sound more legiti...
But still vastly inferior to a computer. Cybersyn would gladly prove you wrong. Needless to say, if computers were that good at management they'd be splattered all over the place. They aren't simply because while they act as nice data crunchers and daytrading bots, they can't substitute the intuiti...
I mean, a lot of it is about making sure everyone's producing at the highest level possible and making everything more efficient. Things like allowing poorer families to stay healthy so that they can work for longer and pushing people into higher skilled jobs so they can be more productive. Dismiss...
