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  3. Remember when people thought “trickle down” economics actually worked?

Remember when people thought “trickle down” economics actually worked?

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  • codinghorror@infosec.exchangeC codinghorror@infosec.exchange

    Remember when people thought “trickle down” economics actually worked? Perhaps if we give a lot more money to the rich it will start working one day, somehow? That seems to be the current plan, but I have another idea: what if we reversed it and used “trickle up” to give money to those most in need? All the data I can find, including our rgmii.org data and studies in progress, all seem to show that this direction works. ⬆️

    Link Preview Image
    mossyrua@mastodon.ieM This user is from outside of this forum
    mossyrua@mastodon.ieM This user is from outside of this forum
    mossyrua@mastodon.ie
    wrote last edited by
    #8

    @codinghorror

    “You never make a billion dollars, you take a billion dollars”

    AOC

    codinghorror@infosec.exchangeC 1 Reply Last reply
    0
    • codinghorror@infosec.exchangeC codinghorror@infosec.exchange

      Remember when people thought “trickle down” economics actually worked? Perhaps if we give a lot more money to the rich it will start working one day, somehow? That seems to be the current plan, but I have another idea: what if we reversed it and used “trickle up” to give money to those most in need? All the data I can find, including our rgmii.org data and studies in progress, all seem to show that this direction works. ⬆️

      Link Preview Image
      alexsandrasmart@mastodon.nzA This user is from outside of this forum
      alexsandrasmart@mastodon.nzA This user is from outside of this forum
      alexsandrasmart@mastodon.nz
      wrote last edited by
      #9

      @codinghorror
      Which way is up? The people on your list are some of the lowest of the low.

      1 Reply Last reply
      0
      • codinghorror@infosec.exchangeC codinghorror@infosec.exchange

        Remember when people thought “trickle down” economics actually worked? Perhaps if we give a lot more money to the rich it will start working one day, somehow? That seems to be the current plan, but I have another idea: what if we reversed it and used “trickle up” to give money to those most in need? All the data I can find, including our rgmii.org data and studies in progress, all seem to show that this direction works. ⬆️

        Link Preview Image
        R This user is from outside of this forum
        R This user is from outside of this forum
        relishthecracker@infosec.exchange
        wrote last edited by
        #10

        @codinghorror Trickle down hasn’t worked since Ancient Rome and beyond. I’m not sure why people still believe it ever worked today.

        1 Reply Last reply
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        • codinghorror@infosec.exchangeC codinghorror@infosec.exchange

          Remember when people thought “trickle down” economics actually worked? Perhaps if we give a lot more money to the rich it will start working one day, somehow? That seems to be the current plan, but I have another idea: what if we reversed it and used “trickle up” to give money to those most in need? All the data I can find, including our rgmii.org data and studies in progress, all seem to show that this direction works. ⬆️

          Link Preview Image
          J This user is from outside of this forum
          J This user is from outside of this forum
          jeisom@hachyderm.io
          wrote last edited by
          #11

          @codinghorror When I think of it, I imagine a pyramid on a table pointing at the rich person and they start explaining and the poorer people on the other side assume their side is the bottom and not the top.

          1 Reply Last reply
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          • codinghorror@infosec.exchangeC codinghorror@infosec.exchange

            Remember when people thought “trickle down” economics actually worked? Perhaps if we give a lot more money to the rich it will start working one day, somehow? That seems to be the current plan, but I have another idea: what if we reversed it and used “trickle up” to give money to those most in need? All the data I can find, including our rgmii.org data and studies in progress, all seem to show that this direction works. ⬆️

            Link Preview Image
            klongeiger@mastodon.socialK This user is from outside of this forum
            klongeiger@mastodon.socialK This user is from outside of this forum
            klongeiger@mastodon.social
            wrote last edited by
            #12

            @codinghorror If you have a million and give a million people $1 each, 100% of it is spent. If you give a thousand people $1000 each, probably most if not all of it is spent. If you give one person all of the money, they’ll most likely spent some of it and either save or invest the rest in shares or some other unproductive hoarding. Even more so if the person already has more money than they could ever spend.
            So, even for purely economic reasons, giving to those in need is the way to go.

            codinghorror@infosec.exchangeC 1 Reply Last reply
            0
            • codinghorror@infosec.exchangeC codinghorror@infosec.exchange

              Remember when people thought “trickle down” economics actually worked? Perhaps if we give a lot more money to the rich it will start working one day, somehow? That seems to be the current plan, but I have another idea: what if we reversed it and used “trickle up” to give money to those most in need? All the data I can find, including our rgmii.org data and studies in progress, all seem to show that this direction works. ⬆️

              Link Preview Image
              dozymoe@mastodon.socialD This user is from outside of this forum
              dozymoe@mastodon.socialD This user is from outside of this forum
              dozymoe@mastodon.social
              wrote last edited by
              #13

              @codinghorror how much of that is their donation to their own organization?

              codinghorror@infosec.exchangeC 1 Reply Last reply
              0
              • codinghorror@infosec.exchangeC codinghorror@infosec.exchange

                Remember when people thought “trickle down” economics actually worked? Perhaps if we give a lot more money to the rich it will start working one day, somehow? That seems to be the current plan, but I have another idea: what if we reversed it and used “trickle up” to give money to those most in need? All the data I can find, including our rgmii.org data and studies in progress, all seem to show that this direction works. ⬆️

                Link Preview Image
                nini@oldbytes.spaceN This user is from outside of this forum
                nini@oldbytes.spaceN This user is from outside of this forum
                nini@oldbytes.space
                wrote last edited by
                #14

                @codinghorror They stopped being generous when they stopped fearing being dragged out of their homes by their employees and executed.

                1 Reply Last reply
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                • R relay@relay.mycrowd.ca shared this topic
                • freshstart@hachyderm.ioF freshstart@hachyderm.io

                  @codinghorror where is Bill Gates?

                  alphapuggle@infosec.exchangeA This user is from outside of this forum
                  alphapuggle@infosec.exchangeA This user is from outside of this forum
                  alphapuggle@infosec.exchange
                  wrote last edited by
                  #15

                  @freshstart @codinghorror in the Epstein files

                  1 Reply Last reply
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                  • R relay@relay.infosec.exchange shared this topic
                  • codinghorror@infosec.exchangeC codinghorror@infosec.exchange

                    Remember when people thought “trickle down” economics actually worked? Perhaps if we give a lot more money to the rich it will start working one day, somehow? That seems to be the current plan, but I have another idea: what if we reversed it and used “trickle up” to give money to those most in need? All the data I can find, including our rgmii.org data and studies in progress, all seem to show that this direction works. ⬆️

                    Link Preview Image
                    dolanor@hachyderm.ioD This user is from outside of this forum
                    dolanor@hachyderm.ioD This user is from outside of this forum
                    dolanor@hachyderm.io
                    wrote last edited by
                    #16

                    @codinghorror Well, that is what government should be about. For the people.
                    The taxes have a real value and power, but clearly, not in the direction of the over-rich. They really need 1 more mega yacht. Just this one, the last one, I promise.

                    But somehow, this would be socialism, and it is VERY VERY bad for some people (those rich people who made this a bad word).

                    1 Reply Last reply
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                    • codinghorror@infosec.exchangeC codinghorror@infosec.exchange

                      Remember when people thought “trickle down” economics actually worked? Perhaps if we give a lot more money to the rich it will start working one day, somehow? That seems to be the current plan, but I have another idea: what if we reversed it and used “trickle up” to give money to those most in need? All the data I can find, including our rgmii.org data and studies in progress, all seem to show that this direction works. ⬆️

                      Link Preview Image
                      boredomfestival@sfba.socialB This user is from outside of this forum
                      boredomfestival@sfba.socialB This user is from outside of this forum
                      boredomfestival@sfba.social
                      wrote last edited by
                      #17

                      @codinghorror Elon has donated $0.5B to charities over his entire life but $0.25B just to elect Trump. Tax these mfers and repeal Citizens United

                      codinghorror@infosec.exchangeC 1 Reply Last reply
                      0
                      • codinghorror@infosec.exchangeC codinghorror@infosec.exchange

                        Remember when people thought “trickle down” economics actually worked? Perhaps if we give a lot more money to the rich it will start working one day, somehow? That seems to be the current plan, but I have another idea: what if we reversed it and used “trickle up” to give money to those most in need? All the data I can find, including our rgmii.org data and studies in progress, all seem to show that this direction works. ⬆️

                        Link Preview Image
                        dxzdb@mastodon.socialD This user is from outside of this forum
                        dxzdb@mastodon.socialD This user is from outside of this forum
                        dxzdb@mastodon.social
                        wrote last edited by
                        #18

                        @codinghorror interesting to rank by net worth and % giving.

                        Never would have guessed Zuck would be near the top of the list for percentage giving. Elon at the bottom fits though.

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                        codinghorror@infosec.exchangeC 1 Reply Last reply
                        0
                        • dxzdb@mastodon.socialD dxzdb@mastodon.social

                          @codinghorror interesting to rank by net worth and % giving.

                          Never would have guessed Zuck would be near the top of the list for percentage giving. Elon at the bottom fits though.

                          Link Preview Image
                          codinghorror@infosec.exchangeC This user is from outside of this forum
                          codinghorror@infosec.exchangeC This user is from outside of this forum
                          codinghorror@infosec.exchange
                          wrote last edited by
                          #19

                          @dxzdb yeah but he "gave" it to self serving bullshit. Look more closely.

                          1 Reply Last reply
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                          • boredomfestival@sfba.socialB boredomfestival@sfba.social

                            @codinghorror Elon has donated $0.5B to charities over his entire life but $0.25B just to elect Trump. Tax these mfers and repeal Citizens United

                            codinghorror@infosec.exchangeC This user is from outside of this forum
                            codinghorror@infosec.exchangeC This user is from outside of this forum
                            codinghorror@infosec.exchange
                            wrote last edited by
                            #20

                            @BoredomFestival yes, now tell me step by step how we do that. I know one way, which is increasingly the only viable way I can see due to how badly the couples counseling is going, but nobody wants to hear it.

                            1 Reply Last reply
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                            • codinghorror@infosec.exchangeC codinghorror@infosec.exchange

                              Remember when people thought “trickle down” economics actually worked? Perhaps if we give a lot more money to the rich it will start working one day, somehow? That seems to be the current plan, but I have another idea: what if we reversed it and used “trickle up” to give money to those most in need? All the data I can find, including our rgmii.org data and studies in progress, all seem to show that this direction works. ⬆️

                              Link Preview Image
                              pagangod@hachyderm.ioP This user is from outside of this forum
                              pagangod@hachyderm.ioP This user is from outside of this forum
                              pagangod@hachyderm.io
                              wrote last edited by
                              #21

                              @codinghorror I am so $#@% tired of Zuckerberg hospitals and Salesforce transit centers. Just tax corporations and the rich reasonably and have the municipal government build and run the hospitals and transit center without some rich jerk's name on it.
                              If we depend on the rich to provide basic infrastructure, we're doomed.

                              codinghorror@infosec.exchangeC 1 Reply Last reply
                              0
                              • dozymoe@mastodon.socialD dozymoe@mastodon.social

                                @codinghorror how much of that is their donation to their own organization?

                                codinghorror@infosec.exchangeC This user is from outside of this forum
                                codinghorror@infosec.exchangeC This user is from outside of this forum
                                codinghorror@infosec.exchange
                                wrote last edited by
                                #22

                                @dozymoe that's what I was getting at in an earlier reply. Look closely at what is given, and to where.

                                1 Reply Last reply
                                0
                                • klongeiger@mastodon.socialK klongeiger@mastodon.social

                                  @codinghorror If you have a million and give a million people $1 each, 100% of it is spent. If you give a thousand people $1000 each, probably most if not all of it is spent. If you give one person all of the money, they’ll most likely spent some of it and either save or invest the rest in shares or some other unproductive hoarding. Even more so if the person already has more money than they could ever spend.
                                  So, even for purely economic reasons, giving to those in need is the way to go.

                                  codinghorror@infosec.exchangeC This user is from outside of this forum
                                  codinghorror@infosec.exchangeC This user is from outside of this forum
                                  codinghorror@infosec.exchange
                                  wrote last edited by
                                  #23

                                  @klongeiger it is kinda "y-combinator for the rest of us", exactly, make wildly diverse small investments in our greatest natural resource: each other.

                                  1 Reply Last reply
                                  0
                                  • mossyrua@mastodon.ieM mossyrua@mastodon.ie

                                    @codinghorror

                                    “You never make a billion dollars, you take a billion dollars”

                                    AOC

                                    codinghorror@infosec.exchangeC This user is from outside of this forum
                                    codinghorror@infosec.exchangeC This user is from outside of this forum
                                    codinghorror@infosec.exchange
                                    wrote last edited by
                                    #24

                                    @mossyrua don't really agree; you can make a billion dollars. But ask yourself: what is the purpose of money? What is it for? Why are we here? And most importantly of all, when is enough?

                                    1 Reply Last reply
                                    0
                                    • codinghorror@infosec.exchangeC codinghorror@infosec.exchange

                                      Remember when people thought “trickle down” economics actually worked? Perhaps if we give a lot more money to the rich it will start working one day, somehow? That seems to be the current plan, but I have another idea: what if we reversed it and used “trickle up” to give money to those most in need? All the data I can find, including our rgmii.org data and studies in progress, all seem to show that this direction works. ⬆️

                                      Link Preview Image
                                      lostprototype@mastodon.socialL This user is from outside of this forum
                                      lostprototype@mastodon.socialL This user is from outside of this forum
                                      lostprototype@mastodon.social
                                      wrote last edited by
                                      #25

                                      @codinghorror - This is the goal. But the way we get there isn't by asking politely, of that you can be sure.

                                      Until people band together against conservatism, we are hopelessly divided.

                                      #EndConservatism that is the pillar they build all their evil upon.

                                      1 Reply Last reply
                                      0
                                      • pagangod@hachyderm.ioP pagangod@hachyderm.io

                                        @codinghorror I am so $#@% tired of Zuckerberg hospitals and Salesforce transit centers. Just tax corporations and the rich reasonably and have the municipal government build and run the hospitals and transit center without some rich jerk's name on it.
                                        If we depend on the rich to provide basic infrastructure, we're doomed.

                                        codinghorror@infosec.exchangeC This user is from outside of this forum
                                        codinghorror@infosec.exchangeC This user is from outside of this forum
                                        codinghorror@infosec.exchange
                                        wrote last edited by
                                        #26

                                        @pagangod agree; rich unreliable and statistically far far less general, primarily because they don’t know struggle. So either they learn struggle and empathy and basic fairness (simply paying their fair share in taxes like the rest of us) or.. we show them what struggle looks like.

                                        1 Reply Last reply
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