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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Replying to @marwilliamson
Actual academic citation making a case *for* your point is in this article, Marianne: bloomberg.com/news/articles/…
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The money is broken
Replying to @marwilliamson
You can’t find one reputable economist who advocates for trickle down economics. The term was created to win political points.
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Replying to @marwilliamson
and in the 90s it was "Neoliberalism is going to save the 3rd World"... That didnt turn out so well either. Its always something, and it always ends the same way.
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Replying to @marwilliamson
Because fiscal and monetary policy and increasing welfare dependency incentivizing poor economic and life decisions has nothing to do with poor outcomes for the lower class. It's only muh billionares
Replying to @marwilliamson
It was a scam from the get-go
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