Does trickle down economics actually work?
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Come on guys y’all remember econ 101 right?
This is not a socialism vs capitalism debate. It’s a conversation about a specific set of economic policies —supply side econ vs Keynesian econ (which is the most commonly discussed alternative.)
No one is advocating for the state to start taking over private companies.
This question always highlights those who slept through econ classes and claimed they were easy.
I still love the story of Supply Side Jesus. 😂
https://m.imgur.com/gallery/bCqRp
Serious content: Supply side only works well if you use governmental economic force to limit choices to redistribution through incentivizations (tax breaks for job creation and a certain level of wages, voluntary) or taxes (suboptimal allocation by government, involuntary).
Remember how most of the companies used their tax reduction to buy back their own stocks and give employees a small one time bonus rather than a wage increase? That's it not working as intended.
People seem to forget that companies are sociopathic by nature, and government needs to be the wielder of the carrot and the stick.
NO!
Trickle Down economic theory works as intended, to make the rich even richer.
I don’t know what you’re specifically referencing with “trickle down economics”, but there’s a solid case that capitalism has lifted more people out of poverty over the last 300 years than any other system by a long shot. Absolutely insane that more millennials view socialism more positively than capitalism.
https://www.cnbc.com/2018/08/14/fewer-than-half-of-young-americans-are-positive-about-capitalism.html
M1, it would be good to learn some of the foundational elements and the Bernanke text really is good. Mankiw is also a great resource. You are arguing something completely tangential to the topic. The question is views on supply side vs demand side economics. That has nothing to do with capitalism vs whatever system.
Works better than socialism or communism. Those just make people equally miserable.
Look around you. You live in the richest country in the world. Get over it
Richest country with the poorest people: look at rankings for health, happiness, average living standards. It’s only richest because we are the largest developed country by population as a total $. You want to compare? Go compare any per capita stat with Norway or any other Scandinavian country and then come back and tell me you still think US is the richest.
I came from a socialist country and trust me capitalism in much much much better than socialism. Show me once major economy in the world where socialism succeeded.
*was joking*
Capitalism sure works...I know that’s not the original question, but jeeze.
NO!!
Trickle down economics is a pejorative term used to malign the idea of supply side economics
I love how OP asked if trickle down economics works and people here are going WeLl CaPiTaLiSm WoRKS. Like telling the client what they want.
Captailism is a giant Ponzi scheme that unfortunately will be unraveled as populations decline. It’s worked great because we’ve had population increases year-over-year.
This is the person who votes for socialism and communism so as to ensure a declining population due to all the misery.
Yes. It does. Soicialism does not work.
I mean. Wealth does trickle down. The idea is just how much.
The Laffer Curve is laughable.
It doesn’t
It's called feudalism and yes it works
https://www.econlib.org/library/Enc/SupplySideEconomics.html
People should read that before posting. While trickle down is a little more specific than supply side, I think the general answer (which I find applicable to most economic debates/schools of thought) is that we don’t really know
Works for whom