Thread: saber rattling

Originally Posted by BobH

Yea, can't say companies are unprofitable and they are taking the profits and the tax breaks and using this growing capital to invest , as you say, in being more efficient yet, or sit on it, or invest offshore or other things that do not create jobs where they made the profit. They should rename "trickle down economics" to a gravity defying "trickle up economics" if they really wanted to be truthful. Ya bin sucker punched again.

Bob

Well... I think with emerging markets, trickle down does work (to a degree). When the economy has matured such as Canada's and the US, in today's economic climate, it has proven to not work.

But the generation running things today, went to school when they were still selling it hard for all economy's. Hence in some circles, powerful circles, to debate that dogma is akin to being a commie.

What's worse, those making policy that are rich, are benefiting and couldn't care less for the working poor. They call em lazy. The poor in places of power who are poor with net worth less than a couple million, buy into the notion that they one day will be rich... Its a vicious cycle.

Meanwhile, the facts are that wage desparity is back to the great depression levels... So people protest Wall St. They are called bums and the propaganda machine sells the fools who should be protesting to call for them to be jailed lol!

Then the rich say we need smaller government!! Well if you make that happen, in America anyway, the middle class will disappear. But they have the fools pushing for it!

In an advanced economy, you have to have big gov! Its a function of civilization! Tell me? Can you take the time to run down to the nuclear power plants and tell me if they are dumping heavey water in the river you get your drinking water lol? Nope! We need big gov but... The rich don't.

Its crazy lol!

Edit... Sorry, that turned into a rant. No trickle down doesn't work here, but thinking it does is pushed forward because it benefits the 1%. Oddly enough, the 99% keep buying into it thinking they actually will be rich one day lol!

As history marvels at the German population for being duped, so will future generations marvel at us... Unless education is banned lol! And in America, education is becoming a thing for the few.