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
The advent of the global economy after WW2 effectively killed the theory of Trickle Down Economics. And yet people still preach it and people still buy it. Unless Government outlaws foreign imports it will never work. PERIOD.
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Replying to @marwilliamson
But even Stockman, the tip of the spear in the 80s for trickle down, has come clean and says it’s bullshit now.
Replying to @marwilliamson @ammnoseitall
Trump’s tax cuts repeated the travesty, giving breaks to businesses and claiming that they would invest in improvements and increased hiring - HAHAH 😖
Replying to @marwilliamson
Ahh the myth of trickle down. Robert Reich speaks to this, as did Kurt Anderson in Evil Genuises book. It’s a disempowering fantasy and time we owned that. Thank you, Marianne!
Replying to @marwilliamson
Instead of creating more jobs they just bought more stocks. Their own company's and other companies. 🙄
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Replying to @marwilliamson
Debt Slave #314159265359 @WOALUNOW
19 May 2021
Replying to @marwilliamson
George HW Bush accurately labeled it "Voodoo Economics" in the primary debates with Reagan.
Replying to @marwilliamson
Trickle-down economics was always nonsense. "Give us more money to build bigger and better vaults, and you can live off the loose change we drop outside the vault doors."
Replying to @marwilliamson
It’s ironically a parody of socialism, instead of being from below rising to the top, it’s from the top, maybe getting to the below lol
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Replying to @marwilliamson
Remember the theme “Greed is good”!
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