{ "media_type": "text", "post_content": "Does trickle down economics actually work?", "post_id": "5d1546b9a66e98001b9b5aba", "reply_count": 49, "vote_count": 4, "bowl_id": "552d1d24dc1c586b09d2d051", "bowl_name": "Consulting", "feed_type": "crowd" }
null

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.

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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.

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NO!

likefunnyhelpful

Trickle Down economic theory works as intended, to make the rich even richer.

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Works better than socialism or communism. Those just make people equally miserable.

likesmartfunny

Look around you. You live in the richest country in the world. Get over it

likesmartfunny

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.

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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.

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*was joking*

Capitalism sure works...I know that’s not the original question, but jeeze.

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NO!!

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Trickle down economics is a pejorative term used to malign the idea of supply side economics

likefunny

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.

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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.

funny

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.

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I mean. Wealth does trickle down. The idea is just how much.

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The Laffer Curve is laughable.

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It doesn’t

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It's called feudalism and yes it works

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Works for whom

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