rbreich ,
@rbreich@masto.ai avatar

From 1989 — 2021, typical working families in the US saw negligible increases in their real incomes and wealth.

Meanwhile, the wealthiest 1% became $29 trillion richer.

Trickle-down economics did not work.

It still does not work.

It will never work.

It's not meant to work.

jrredho ,
@jrredho@mastodon.world avatar

@rbreich

Trickle down economics has never not been bullshit.

Yet it always passed when it's voted on. I wonder why?

panamared27401 ,
@panamared27401@mstdn.social avatar

@rbreich Oh, it works exactly as it was intended to. Most people just have the wrong idea about what it's intended to do.

jeffrey ,

@rbreich when will we remember that only Trickle-Up economics works for all. Make money more available at the bottom of the Pyramid and force those further up the pyramid to produce valuable goods and services that the rest of the pyramid wants to invest in. That is how money is made. You earn it. If you are not making enough you make your goods and services better. Boy am I naive.

humourmetom ,
@humourmetom@newsie.social avatar

@rbreich Neither does free trade, which allows them to take their business elsewhere if you dare to tax it, but continue to access your market.

JoeBecomeTheSun ,

@rbreich I would suggest calling it trick economics. Get the government out of the economy, and that means no corporations sucking off the government tit.

huntingdon ,
@huntingdon@mstdn.social avatar

@rbreich

Trickle down economics is not meant to work. It's a fantasy meant to placate hoi poloi, in hopes that they'll fight each other for scraps, rather than fight for a fairer share of their productivity, which the rich now keep all to themselves.

InfoMgmtExec ,
godzero ,
@godzero@sfba.social avatar

@rbreich
"Trickle-down" is a misnomer, it's actually "torrent-up".

davidcorbett ,
@davidcorbett@mastodon.social avatar

@rbreich so the god devil rich people politicians colleges schools churches economists have not stopped the rich-selfish n greedy from getting worse so ya all play robin hood milk the rich and military of the world and use what they have to fix poverty and nature

afafcoach ,
@afafcoach@4bear.com avatar

@rbreich This happened under both Democrat and Republican Administrations. Who do we vote for to end this? Cause I don't trust any of them anymore.

darwinwoodka ,
@darwinwoodka@mastodon.social avatar

@rbreich

It is working as intended, people just forgot to ask who it was supposed to work for

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