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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. ⬆️

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    snail@mstdn.crmbl.ukS This user is from outside of this forum
    snail@mstdn.crmbl.ukS This user is from outside of this forum
    snail@mstdn.crmbl.uk
    wrote last edited by
    #2

    @codinghorror I used to watch Telethons like Children in Need and Red Nose Day and feel really good about about the £40 million or so raised. Now I realise how insignificant that is when there are people who could really make a difference, without even noticing, but don't. The 7 year old saving their pocket money has more humanity.

    #TaxTheRich #charity

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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
      freshstart@hachyderm.ioF This user is from outside of this forum
      freshstart@hachyderm.ioF This user is from outside of this forum
      freshstart@hachyderm.io
      wrote last edited by
      #3

      @codinghorror where is Bill Gates?

      alphapuggle@infosec.exchangeA 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
        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
        #4

        Turns out people who know struggle are far, far more generous than the rich. Plus MacKenzie Scott out there showing everyone else how it should be done. If I had billions, believe me, our family would have deployed half of it already, as we already did: https://blog.codinghorror.com/launching-the-rural-guaranteed-minimum-income-initiative/

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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
          charlesberkow@mastodon.socialC This user is from outside of this forum
          charlesberkow@mastodon.socialC This user is from outside of this forum
          charlesberkow@mastodon.social
          wrote last edited by
          #5

          @codinghorror They talk about "trickle-down", by me "bubble-up" is more realistic.

          charlesberkow@mastodon.socialC 1 Reply Last reply
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          • charlesberkow@mastodon.socialC charlesberkow@mastodon.social

            @codinghorror They talk about "trickle-down", by me "bubble-up" is more realistic.

            charlesberkow@mastodon.socialC This user is from outside of this forum
            charlesberkow@mastodon.socialC This user is from outside of this forum
            charlesberkow@mastodon.social
            wrote last edited by
            #6

            @codinghorror Thr Conservative Finance minister here in Sweden was talking trickle
            down the other day when she announced tax cuts and a budget deficit. Media let it slide.

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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
              corb_the_lesser@mastodon.socialC This user is from outside of this forum
              corb_the_lesser@mastodon.socialC This user is from outside of this forum
              corb_the_lesser@mastodon.social
              wrote last edited by
              #7

              @codinghorror "Trickle down" is sharecropping grown up. If the Big Man gets richer, maybe he'll put indoor plumbing in the shacks.

              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
                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
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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
                  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
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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
                    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.

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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.

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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
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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
                          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
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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
                            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

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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).

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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
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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
                                    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
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                                    • 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
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