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Here's a better scenario and a more realistic picture since manufacturing is basically dead in this country.
A huge multinational or national corporation like walmart comes into town.
They raze an area that used to be a family farm.
They put every other retailer out of business, then hire the people who lost their jobs for pennies on the dollar, costing the government huge amounts to subsidize their, now, untenable living situation.
Trickle down economics has been thoroughly debunked by almost every reputable economist. Yet somehow its the favorite brand of the GOP, huh. Now why would that be?
Because it's only "debunked" by left wing economists who are biased against it because either don't understand what it is or just plain don't like it.
Here's a better scenario and a more realistic picture since manufacturing is basically dead in this country.
A huge multinational or national corporation like walmart comes into town.
They raze an area that used to be a family farm.
They put every other retailer out of business, then hire the people who lost their jobs for pennies on the dollar, costing the government huge amounts to subsidize their, now, untenable living situation.
and on to the next village, one by one.
At one point a few years ago, our local Wal-Mart was the busiest in the entire world. Not only did they not run other retailers out of business, more than 60 moved into an outdoor mall right behind it.
If those retailers failed, then they either had a bad business plan or they could not adapt to the changing environment.
Here's a better scenario and a more realistic picture since manufacturing is basically dead in this country.
A huge multinational or national corporation like walmart comes into town.
They raze an area that used to be a family farm.
They put every other retailer out of business, then hire the people who lost their jobs for pennies on the dollar, costing the government huge amounts to subsidize their, now, untenable living situation.
and on to the next village, one by one.
Did you forget the part about how the state/municipality made themselves competitive by giving away the farm to encourage Walmart to build. ?
At one point a few years ago, our local Wal-Mart was the busiest in the entire world. Not only did they not run other retailers out of business, more than 60 moved into an outdoor mall right behind it.
If those retailers failed, then they either had a bad business plan or they could not adapt to the changing environment.
Trickle down is just Capitalisim being allowed to work the way in which it was intended.
No, no it isn't.
Trickle-down economics is a particular brand of economics from the 80's-90's-2000's that says we should focus on tax breaks for capital gains, dividends, and corporate income.
Trickle-down economics says that government should redistribute more capital toward the wealthy, in the form of loans and guarantees and tax breaks. Trickle-down economics says that these wealthy people are inherently better at allocating capital than the average person.
Trickle down economics is not the same thing as "free market capitalism."
A Hedge fund comes in, Like the one Mr Steal your pension Romney started, steals the profits and any excess in reserve accounts. Sells the plant to a Chinese company which takes the jobs and all the moveable parts back to China. Killing the town,county and the other small business. Hows that for "trickle down".
The idea above is not "trickle down" in the format of tax discussions. That term is used as a way to say lowering tax es and ending regulation will allow the "job creators" to go ahead and then the economy will "trickle down" to the masses. I have not seen that happen. I have witnessed the opposite.
A new Jack in the Box moves into town, they hire 20 new workers. Those workers now have jobs and buy groceries at the Piggly wiggly, spend extra cash at the Hobby Lobby, buy a car at Hank's Used Motors, and get a loan at the First National Bank...
Isn't that just capitolism?
Now you're catching on!
Now, if you place blame where it belongs.....squarely on the shoulders of local and federal government who tax and regulate that business into moving, what happens?
Trickle down economics has been thoroughly debunked by almost every reputable economist. Yet somehow its the favorite brand of the GOP, huh. Now why would that be?
"Reputable" is relative.
I would bet that you're a fan of paul krugman, right? A multi-millionaire socialist who never built a damn thing. But hey.....that's capitalism!
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