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
Reagan's rhetoric--rooted in hatred, racism and bigotry--was the beginning of the decimation of the American middle class. And the saga continues.
Replying to @marwilliamson
Lawrence Dennis wrote already in 1934 that trickle-down did not work. The reason, he said, was that entrepreneurs would hang onto the extra cash and not invest it until they could see that economic activity was already picking up. Instead, give extra cash to people who had none.
Replying to @marwilliamson
I think that a greater factor than trickle-down, in exacerbating the concentration of wealth, has been the option of hiring cheap foreign labor, whether legally in offshored factories or illegally here.
Replying to @marwilliamson
So let’s bring back the free market, encourage small businesses, and break up Big Tech. The money moved from Main Street to Wall Street and people are hurting! Not okay!
Replying to @marwilliamson
Milton Friedman was an assh*le.
Replying to @marwilliamson
Trickle down economics is where the rich pee on the poors. Why so you think musk and bezos are in such a rush to get to space, they want to pee on entire hemispheres.
Replying to @marwilliamson
Supply side economics began w JFK and you loved it then.
Replying to @marwilliamson
trickle down economics is not and never was an economic theory.... Supply side economics is and it's been showed to have merrits! The Laffer curve being a solid example for instance!
Replying to @marwilliamson
Yeah! Who cares if the poor have also gotten more wealth and better quality of life since then? What matters is how much richer the richest people are! It's just not fair!!
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