In the 1980s “trickle down economics” was sold to people as good economic theory: the idea that if the stockholder & CEO class had more & more money then they’d create more jobs & it would lift all boats. It’s done the opposite, leaving masses of people without even a life vest.
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Jul 7, 2021 · 1:41 AM UTC

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90% of people in the US have a supercomputer, a high-definition video recording, production, and publication studio, and wireless universal communication device. In their pocket.
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Strange coincidence with the US going off the gold standard in 1973 in favor of more and more government printing of fiat money.
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Marianne Williamson
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“A virulent strain of capitalism-mainly trickle down economics- has hijacked America’s moral value system.” Marianne Williamson #SociopathicEconomics
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You're good at recycling tired liberal shibboleths. The 1980s was 40 years ago; trickle down economics is long gone and did not create the current distribution of wealth. The Fed and US Treasury have created the current situation. Their major event was the 2008 GFC mega-fraud.
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It was a terrible lie. The conservative revolution was about feeding the rich at the expense of everyone else.
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Trickled down economics wasn’t great, but people were still able to afford the cost of living. Houses, cars, food, gas was affordable under Reagan’s Presidency. What has changed that made everything worst now? Technology. The income gap between the haves and have not is larger.
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The theory itself seems brilliant but unfortunately the wealthiest 1 percent & our capitalistic society is built on pure greed. To the point where the declining Middle Class has to subsidize the Working Class who often don’t receive livable wages.
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It's proof that the people can lie themselves into the pits of doom.
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