/biz/ - Business & Finance

[Anonymous No.51641938]

>trickle down economics doesnt work
Why do people believe this lie? It absolutely works.
Now that I have a higher income, I spend more money thus others will receive more money.

[Anonymous No.51641971]

>>51641938
Nice sample size, fucking idiot

[Anonymous No.51641994]

>>51641971
If you made an extra 10k yearly, would you spend more money
yes or no

[Anonymous No.51642000]

It doesn't work, it has never worked, you lying useless cunt jew

[Anonymous No.51642008]

>>51641938
Because it doesn’t work. That’s corporate welfare. You know what does work? Equally cutting taxes

[Anonymous No.51642014]

>>51642000
If you made an extra 100k yearly, would you spend more money
yes or no

[Anonymous No.51642019]

>>51641938
It might work in a small way at the bottom of the ladder but not with meaningful amounts at the top. See cantillon effect.

[Anonymous No.51642024]

>>51642008
That also works, more so even
but that doesnt mean what I said does not work

[Anonymous No.51642030]

>>51641994
Because when you funnel money to the top they just purchase more assets. Its not like Walmart is seeing an effect on its revenue/sales, only their share price. This pushes up asset prices and prices out normans

[Anonymous No.51642044]

>>51641938
People believe it because it's been proven by multiple studies and meta-analyses. Your understanding of money and economy is very simplistic, so I'll explain it to you in simple terms: the more money people have, the more they hoard and put into non-productive investments like buying land or stocks of already traded companies. There is 0 gain for the society if someone invests in sp500 or buys a bitcoin or a piece of land.

[Anonymous No.51642069]

People would prefer to be a big fish in a small pond than a small fish in a big pond and will use any number of whataboutisms to deflect from the simple fact that those who are successful are the best users of capital
Trickle down works in all use cases

[Anonymous No.51642078]

>>51642024
Corporate welfare is just a transfer of wealth from tax payers to corps that they hope eventually goes back to the tax payer. It’s pretty ducking stupid desu. So by engaging in trickle down economics you directly lower incomes of lower class while expecting a dubious outcome. It doesn’t work. Cutting taxes equally works because it increases Broad income, not specific income like trickle down Econ does.

[Anonymous No.51642107]

>>51642078
This is a better way to say it:
Broad tax cuts lowered government spending which will feed into the economy. Trickle down economics is at best a net 0, but usually increases govt spending. This spending is paid by tax payers.

[Anonymous No.51642128]

>>51641938
Because supply side economics doesn't take into account externalities, capital flight, arbitrage or political interference in markets. In a purely classical (ie, theoretical) model, supply side economics does actually work. In the real world, not at all.

[Anonymous No.51642194]

>>51642014
Not necessarily and certainly not in a way where I give a fuck about helping the poors through some trickle down bs.
That's not how the real world works you dumb niglet.

[Anonymous No.51642196]

People horde wealth when they have it, it’s that simple.

That’s why cutting the top rate of tax for the wealthiest 5% will not result in that extra income being spent reliably into the economy. It’s fine if you want to cut the top rate of tax because you want rich people to live in your country, or even if it’s just openly favouring the rich because they’re your donors. But you can’t cut the top rate in order to boost the economy because it doesn’t work

[Anonymous No.51642247]

>>51641938
If you mean the UK, we haven't tried it without letting in 4 million poles per year. If we do QT on people it'll probably work. Who the hell wants to live here anyway atm.

[Anonymous No.51642625]

>>51641938
depends on why you make more money. If you make more money because you figured how to be more productive, that's good and your higher income will be a net positive. If you are making more money because you figured a way to cut someone else's income for the same work, or make a product artificially more expensive for everyone, you are a net negative.

[Anonymous No.51642739]

>>51641938
because it worked ok before the gold standard was abolished

[sega No.51642885]

>>51641938
you are insignificant.
only billionaires matter, they would need to spend nearly ALL of their money for it to work, but they hoard it instead.
you drooling mongoloid,

[Anonymous No.51642907]

>>51641938

[Anonymous No.51642953]

>>51641938
lol

[Anonymous No.51643261]

Post more clawja

[Anonymous No.51643300]

>>51641938
"trickle down economics doesn't work," he typed, on a microsoft windows PC connected to the internet provided by an american ISP

[Anonymous No.51643352]

>>51641938
IMO, it kinda works, kinda doesn't
on the one hand, tech becomes cheap because of economies of scales, and it's usually the ones with the most money who pay for the most expensive tech products, the kind of products that make tech advance
otoh, houses and basic stuff becomes more expensive, because the more money there is, the more people want a higher share of the pie, and so speculation runs rampant.

[Anonymous No.51643382]

>>51642014
Not really, I would expand my safety net and probably buy some shit from amazon. I wouldn't hire more workers or start a business because I ain't giving my money to peasants, I'm gonna spend to make sure I never go broke and buy luxury goods I don't need.

[Anonymous No.51643427]

>>51641938
brought to you by the same tier midwit who believes everything has a 50% probability
"it either will or won't happen bro"

[Anonymous No.51643428]

>>51641994
I would buy more equities and continue living like a poorfag
eventually I would buy houses and rent them out to wagecucks
in an ideal world this would drive up demand and result in an increased supply but we live in rentseeking kike rat world and ever-tightening zoning requirements/building codes would prop up my investments indefinitely

[Anonymous No.51644990]

because trickle up economics works well but causes inflation, see pandemic stimulus.

Give 90% of the wealth to a select few wont cause inflation, there's still a limit on how much gas, cars, houses and cheeseburgers a billionaire can buy

[Anonymous No.51645061]

It was a made up, slur term for supply side economics. No one has ever declared themself a "trickle down economist" or proponent thereof.

Now here's the irony: it's real. The American "poor" are richer than 95% of the planet. They tend to have houses, cars, smart phones, and go on vacations. Travel about the world sometime to gain more context. People live much more simply abroad.

[Anonymous No.51645088]

>>51641938

[Anonymous No.51645619]

trickle down economics is debunked bullshit (((they))) fool the worker with
gommunism failed also every time it was tried.

>what do?

[Anonymous No.51645712]

why does that girl have a wide neck?

[Anonymous No.51645720]

>>51642014
No. I’d save it for my kids’ futures.

[Anonymous No.51645744]

>>51641938
This is only true for middle class who still spend a sizable part of their income. Give elon musk 10k more and we won't spend any of it except as capital investment. That takes a lot longer to get into pleb economy.

[Anonymous No.51645773]

>>51641994
The people for whom 10k would make a difference are not the same people whose income we're talking about "trickling down", lol.

[Anonymous No.51645876]

>>51642000
Repent zoomer. If you were working age when Trump cut taxes you would have know that it was like a light switch out of the darkness from obongo. I had had a raise in years and had been told our best days were behind us. I got a raise and was told it was due to corporate tax cuts. All the sudden I had job offers everywhere and my career took off. Libsihts are in office again and are going to rekt the economy and raise taxes on everyone. Rising tide lifts all boats nigger

[sage No.51645973]

>>51641994
You would invest it which by definition is more productive than being a consumer who just spends money on things that will evaporate as they use them.

[Anonymous No.51646020]

>>51645876

You're not wrong. That Trump economy had serious potential right before COVID derailed everything.

[Anonymous No.51646040]

bumping for clawja

[Anonymous No.51646061]

>>51641938
it doesn't work because the rich jews aren't stupid cosoomers, they put their money into real estate pricing others out to be forever rentslaves, nice trickle down economy faggot
and it's all because of money printing, only the rich can escape inflation by fleeing into real estate

[Anonymous No.51646120]

>>51645876
Every word of this is made up, btw. Those tax cuts benefitted shareholders, not workers, first off. Secondly, even cheeto's CEA stated that the benefits to the average American wouldn't materialize for 3-5 years so we should theoretically be feeling them now...but of course we are not.

Trickle-down doesn't, hasn't, won't ever work. End of.

[Anonymous No.51646609]

>>51642000
>noooo you can't just keep the money you earn, you're being a jew!
>>51642008
what do you think "trickle down economics" is?
>>51642030
get a load of these brainlets.
>Its not like Walmart is seeing an effect on its revenue/sales, only their share price. This pushes up asset prices and prices out normans
and people's retirement funds increase. you think people are being priced out from buying stocks? also, not 100% of the money being kept from taxation will be placed in stocks like your imaginary scenario.
>>51642044
>the more money people have, the more they hoard and put into non-productive investments like buying land or stocks of already traded companies
again, an imaginary scenario where the money saved from taxation is solely put into stocks or land. even if this were true and you bought an "unproductive asset", the owner pays property tax, real estate agents, appraisers, and in all likelihood, developers. what do they do with the money made from this investor's purchase of land? reinvest in their business, upgrade to the latest iphone, buy their mistress a new furniture set.
>There is 0 gain for the society if someone invests in sp500 or buys a bitcoin
have you ever been on this board prior to this moment?

[Anonymous No.51646654]

>He thinks trickle down works because he imagines that his middle class ass is who's getting the money
>He thinks we're talking about individuals with an extra 10-100k

Man, I haven't had a conversation like this since talking to all the high school Republicans who had a hard on for the flat tax idea in the 00's because they didn't understand personal finance.

[Anonymous No.51646724]

>>51641938
It works to a degree. The best thing this country could do is make lobbying 100% punishable by death, create 2 term limits for anyone in a government position, implement a flat tax where rich or poor we all pay the same percentage, cap personal and corporate income at a billion, cap capital gains and death taxes at no more than 15%, fire 90% of federal workers, enforce monopoly laws and last but not least eradicate all these bullshit government restrictions for running a company so that smaller businesses can compete with larger.

Oh and one last thing we need to create an amendment to the constitution that states all politicians or anyone in their family out 20 generations cannot have possession of any stocks and if they do then that is punishable by public execution.

[Anonymous No.51646731]

>>51641938
>what is income elasticity

If you give poor folks more money, they spend it. If you give rich folks more money, they horde it.

[Anonymous No.51646753]

>>51646654
Everyone is always bitchi g about equality. A flat tax is 100% equality. Maybe have an option on the tax forms so that upstanding citizens, like yourself, that feel you should pay more in taxes can.

[Anonymous No.51646768]

>>51641938
>I give more money to other CEOs so they give more money to other CEO

[Anonymous No.51646771]

>>51646120
Shareholders? You mean like every non-nigger who has a 401k, college savings account, every index fund, etc?

[Anonymous No.51646779]

>>51641938
Simple google search rapes your ass, brainlet
>b-but it's all fake news!
Ya everything you don't like is fake news, huh? Kys

[Anonymous No.51646906]

>>51646724
This is a retarded hodgepodge of ideas. Don't bother replying I'm ghosting this thread.

[Anonymous No.51647051]

>>51641994
I'd use it to siphon more money from poorfags. Like a down payment for another house to jack up the rent on or rent out to subhumans (black stereotypes) or illegals to drive their neighbors property down to more easily aquire those with my next 10k bump, probably obtained from the last few time I did this, only local poor fags feel the squeeze.

Only irresponsible spenders make trickle down economics work

>t. "drugdealer" 100k+/year easy

[Anonymous No.51647125]

>>51646120
>gas lighting this hard
I hate the left so fucking much. Their retarded ideas don't fucking work and rather than fix them they expend all their energy trying to rewrite history and gas light everyone. I'm actually happy biden is in office and hope the democrats win this fall. We need the pain and suffering of obongo burned into zoomers and any retards that forgot so they fucking learn once and for all what its like to live under the left.

[Anonymous No.51647205]

Why do republicucks worship the guy who turned California from a crucial swing state to a perm-blue shithole.

[Anonymous No.51647228]

>>51646724
>>51646753
>just implement a flat tax, start executing lobbyists, gut the government, impose draconian regulations on income and ownership with the now non-existent government, and also cut all other regulations

Man, you fucking crack me up.

[Anonymous No.51647355]

>>51646609
>again, an imaginary scenario where the money saved from taxation is solely put into stocks or land
I didn't say that's what happens to all of it, that's what happens to MOST of it. It's been proven time and time again that from the perspective of public interest there is no better use of money than investment in public services. Bill Gates donating some of his ridiculous fortune to a charity of his own name is not the most effective way of solving society's problems - it's designed to make us feel like he's a good guy and to normalize the ridiculous fact, that he has hoarded unbelievable amount of wealth that could and should have benefited the whole society instead of this pedophile's ego. The myth of trickle down economics boils down to a belief that there is nothing wrong with a fact that the surplus value generated by the world economy goes disproportionately into the pockets of the wealthiest entities and individuals, and it's completely fair because we get back SOME SMALL PORTION of that surplus. Reality is this: each year we generate more and more wealth, but the vast majority of this newly generated wealth benefits only the richest 1%. It's fucked up and any law and system that upholds this status quo (or even makes it worse like new UK tax plans) is pure evil and people who peddle it will hang one day

[Anonymous No.51647424]

>>51646724
>The best thing this country could do is make lobbying 100% punishable by death
Ah okay so if I call my senator and tell him to please make it illegal to robocall, I'd get a lethal injection? And if my local business, say a restaurant run by a small family, called him too and said not to support this law, because they found robocalls to be super effective in their marketing, would they be executed too? Are you 14 years old and just started getting interested in law and politics last week? Because that's how naive you sound

[Anonymous No.51647485]

>>51641938
to dumb it down for your retard brain btw, companies don't magically expand. They only expand if they have demand to back it up. You can give a company a trillion dollars and they won't magically create more jobs. They'll only create more jobs if there is growing demand for their product/service. As for pay, they won't magically pay more. Pay is based on market rate, not on profitability of a company.

You're a retard and have 0 understanding of basic econ

[Anonymous No.51647622]

>>51641938
>Now that I have a higher income, I spend more money thus others will receive more money
Too bad about the people with actual money are just hoarding it all and only spending it when it means they'll be able to hoard even more later, which is why it actually doesn't work - the only people letting their money trickle off are the poor and working poor, and the working poor who are convinced they aren't poor because they're "middle class".

[Anonymous No.51647656]

>>51642069
>world spending itself to death at an accelerated rate, year-over-year
>nothing of actual value or meaning to show for it besides some rich people being richer
>this is the "best" use of capital
What a fucking braindead argument. Let me guess - not burning through the available resources so a handful of people can get hyper-rich for a matter of moments is one of those whataboutisms?

[Anonymous No.51647679]

>>51642069
You're retarded as shit. For you: >>51647485
I could cite some sources online to fuck you harder, but I'm too lazy. My post is sufficient anyways

[Anonymous No.51647684]

>>51646753
>what is the diminishing marginal utility of income and wealth
hey I found a picture of you

[Anonymous No.51648236]

>>51647355
therefore, have the most powerful monopoly (government) with their own interests rob everyone of their money with the threat of violence.
we're not talking about a zero sum game. someone's net gain isn't your net loss in the economy. it doesn't even matter how you slice it, there will always be a disparity that follows price's law/pareto principle.
you should be more concerned with monetary policy.

[Anonymous No.51648321]

>>51641938
we should raise tax on corporations so jobs get eliminated

[Anonymous No.51648540]

>>51641938
Exactly how the welfare system works. Dingbats get free money that they dump into local economy and corporation products. That’s why UBI will be a complete non-event.