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
This is not correct. A good economy is good for all, a bad economy is bad for all. End of story.
Replying to @marwilliamson
Those people left out still buy the most fireworks for the 4th of July.
Replying to @marwilliamson
If you click on the chart ... it tells you the lowest aristocratic wealth was just before Reagan became president in 1980 ... and it's been climbing to a record high ever since.
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Replying to @marwilliamson
Ok, but this graph does not show if "all boats were lifted". You would have to compare quality of life or at least, average household income by year. If you do, you will see that the wealth gap doesn't affect everyone else. The economy is not a zero sum game.
Replying to @marwilliamson
Such an imbalance of wealth is unsustainable. History shows that evolutionary trends toward equalizing differences as imbalanced as our precarious present economic position.
Replying to @marwilliamson
A lot of dumb ppl vote Republican 😬🤷🏽‍♂️ and a lot of dumb ppl vote for establishment Dems in primaries 😐
Replying to @marwilliamson
GIF
Replying to @marwilliamson
What has been the liberal response to our poverty crisis since the 1990s? Right, trickle down economics. No food or shelter, but we promise, some jobs will eventually trickle down...
Replying to @marwilliamson
#NoMoreSocialismForTheRich
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