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Do you work? Do you receive payment? Do you receive welfare? That's all from trickle down.
It's actually trickle up when workers receive less wages and pay more taxes, while those at the top move their money to offshore tax shelters, enjoy massive government subsidies and tax breaks that they don't even need so that they are essentially paying zero taxes.
The bottom gets their money to spend from the top... either by working for it, or by forcibly taking it through taxes and having it redistributed to them.
Look at your example... the millionaire has 3 cars. The bottom person has one car. Who has spent more money that has trickled down? The one who purchased 3 cars.
That doesn't matter there is way less millionaires than everyone else. It helps the economy more if the bottom 99 pct has more money. Watch billionaire Nick Hanauer's material he explains it perfectly he's been on Bill Maher, did TedTalks, all the cable news shows, etc.
That doesn't matter there is way less millionaires than everyone else. It helps the economy more if the bottom 99 pct has more money. Watch Nick Hanauer's material he explains it perfectly he's been on Bill Maher, all the cable news shows, etc.
That's fine... from where do they get their money?
The only way that trickle-down wouldn't work is if rich people stuffed their money in their mattresses. But they don't. They either spend their money, which trickles down. Or they save/invest it, which also trickles down to people who take out loans or start/expand their companies.
It baffles me that we have people who are so ignorant that they can't comprehend simple economics.
It's actually trickle up when workers receive less wages and pay more taxes, while those at the top move their money to offshore tax shelters, enjoy massive government subsidies and tax breaks that they don't even need so that they are essentially paying zero taxes.
I liked the original name for theory much better - "horses and sparrows economy". As in, when the horses get a lot of grain, the sparrows grow fatter. Only, don't think too much about what the sparrows actually eat...
It's actually trickle up when workers receive less wages and pay more taxes, while those at the top move their money to offshore tax shelters, enjoy massive government subsidies and tax breaks that they don't even need so that they are essentially paying zero taxes.
No, it is not. Money circulates; it doesn't trickle down.
Trickle down is a term used to over simplify and sell Supply Side Economics.
Please inform yourself better.
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