Nerf Herder
Wheel size expert
My brother uses this all the time and pisses himself every time
Nerfonomics
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Freediver
I can go full Karen
@Nerf Herder Trickle down economics was described by a NZ politician as the rich pissing on the poor.
The idea that giving tax cuts to the wealthy so they invest more has been proven to not work. The wealthy just accumulate more and the divide between rich and poor increases.
"The drivers of inequality vary widely amongst countries, with some common drivers being the skill premium associated with technical change and globalization, weakening protection for labor, and lack of financial inclusion in developing countries. We find that increasing the income share of the poor and the middle class actually increases growth while a rising income share of the top 20 percent results in lower growth"
Or you could read this https://en.wikipedia.org/wiki/Trickle-down_economics
The idea that giving tax cuts to the wealthy so they invest more has been proven to not work. The wealthy just accumulate more and the divide between rich and poor increases.
"The drivers of inequality vary widely amongst countries, with some common drivers being the skill premium associated with technical change and globalization, weakening protection for labor, and lack of financial inclusion in developing countries. We find that increasing the income share of the poor and the middle class actually increases growth while a rising income share of the top 20 percent results in lower growth"
Causes and Consequences of Income Inequality: A Global Perspective
This paper analyzes the extent of income inequality from a global perspective, its drivers, and what to do about it. The drivers of inequality vary widely amongst countries, with some common drivers being the skill premium associated with technical change and globalization, weakening protection...
www.imf.org
Or you could read this https://en.wikipedia.org/wiki/Trickle-down_economics
Also known as Dribble down economics@Nerf Herder Trickle down economics was described by a NZ politician as the rich pissing on the poor.
The idea that giving tax cuts to the wealthy so they invest more has been proven to not work. The wealthy just accumulate more and the divide between rich and poor increases.
"The drivers of inequality vary widely amongst countries, with some common drivers being the skill premium associated with technical change and globalization, weakening protection for labor, and lack of financial inclusion in developing countries. We find that increasing the income share of the poor and the middle class actually increases growth while a rising income share of the top 20 percent results in lower growth"
Causes and Consequences of Income Inequality: A Global Perspective
This paper analyzes the extent of income inequality from a global perspective, its drivers, and what to do about it. The drivers of inequality vary widely amongst countries, with some common drivers being the skill premium associated with technical change and globalization, weakening protection...www.imf.org
Or you could read this https://en.wikipedia.org/wiki/Trickle-down_economics
Calvin27
Eats Squid
The not-so-surprising thing is that this doesn't even work when you target middle class welfare. If you want to boost the economy, the sure fire way to do it is give it to those who will almost certainly blow all of it - folks right at the bottom. Anyone who has potential to save/reinvest it is doing stimulus a disservice.
On a similar note, impact of lower birth rates expected from covid. It really is the environmentalists wet dream.
Freediver
I can go full Karen
They are 2 different things.
Ultra Lord
Hurts. Requires Money. And is nerdy.
Poverty is a character flawFucking love me a bit of trickle-down shit pay for insecure work with no entitlements.
I jest, I just find the lingo funny..
pink poodle
気が狂っている男
Fuck right off there Chairman Mao! The biggest economic issue with giving welfare to those at the bottom is that I feel jealous that they are getting something that I am not. That is the kind of inequality I can't allow!
a real estate agent as trying to ell me yesterday the biggest problem holding back the economy at the moment was the social welfare issue. It is tying up too much of the government's money! Here I was thinking it may be more to do With economic uncertainty and rationalisation l with a healthy dose of bommer-nomics!
Calvin27
Eats Squid
Always love a backyard vested interest argument. Almost as good as 'I worked and paid for my pensions'. I haven't seen one pensioner do the maths.
pink poodle
気が狂っている男
Maths? The fuck? It's about the feel...and it feels like selfishness.
gillyske
Likes Dirt
What is the point of me working 40 hours + countless unpaid overtime in a job I hate if other people are not living in poverty
Do the liberals actually want to do any of these things?
Unless it happens under any other ideological system besides capitalism, then it is a fault of the ideology.
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Freediver
I can go full Karen
An example of trickle down economics not working.
www.theage.com.au
Gap between Melbourne's have and have not suburbs yawns wider
Median and average incomes in Melbourne's best-off suburbs has grown much faster over recent years than those in poorer and middle suburbs.
beeb
Dr. Beebenson, PhD HA, ST, Offset (hons)
With the "labour reforms" the Libs are pushing for, and the upcoming restrictions to JobKeeper (you must take any job offer you receive otherwise your payments switch off and you have to reapply and wait potentially four weeks until they restart), class/income divide is set to get a lot, lot worse IMO.
leitch
Feelin' a bit rrranty
Frydenberg looking to Thatcher and Reagan for inspiration tells us everything we need to know about how much of a clusterfuck their economic "recovery" plan is going to be.
rowdyflat
chez le médecin
I am sure he is a nice bloke but quoting Reagan in particular who was a complete fuckwit and demented, Frydenberg shows he has no vision or idea about what to do.
Reagan was particularly destructive to the economy for all but the wealthy.
Nerf Herder
Wheel size expert
https://www.commbankresearch.com.au...wMDZQcGpkRUFDOmFsYW5AbGlua3Nwb3J0cy5jb20uYXU=
Labour kinda up ... depending on your POV ... CBA thinks the timing of July data is hiding darker secrets ... July was 2 weeks ago ... Melbourne was in deep doo doo already IMO.
On more positive news ... thanks to all the escapees that got to TAS before lockdowns ... commisserations to those that got there before them.
Labour kinda up ... depending on your POV ... CBA thinks the timing of July data is hiding darker secrets ... July was 2 weeks ago ... Melbourne was in deep doo doo already IMO.
On more positive news ... thanks to all the escapees that got to TAS before lockdowns ... commisserations to those that got there before them.
Nerf Herder
Wheel size expert
I think the missing piece of Trickle Down understanding is that ... Trickle down isn't aimed at making everybody rich ... its aimed at employment.
Its not aimed at lifting the quality of employment ... thats up to the individual and choices made.
As much as I hate Hockey's "... get a better job" or Ivanka Trumps "...find something new" ... boil these down to its simplest message ... its about choice. Do something about your circumstance or dont ... aspire or dont ... work hard or chose the easy path ... use your brains or dont.
Thats not a rich or poor thing, Left or Right thing ... its life. Is this part of trickle down ??? I think it is from a psychological point of view,
More practically, think about all those Cafes (Hospitality in general. Tourism is a fantastic example of trickle down), Personal trainers, Gym providers, cleaners, tatoo artists, landscapers/gardeners, pool cleaners, strata providers, Tradies, kitchen businesses, Bicycle Workshops (not retail but workshop specific), nail saloons, Massage places, Physios, Vets ... Fucking Vets and Gyms are my pet peeves (think about all the real estate these fuckers take up and drive up rents)
Thinking Sydney ... specifically Financial Services ... all those buggers with solid incomes ... by no means do they all think they are rich ... thats the trickle down ... think about the number of cafes and or coffee specific businesses in the CBD, now versus 20 years ago. Thats from them ... How many of you have cleaners ... go to the Gym ... have tatoos ... have renovated or put in a new kitchen or bathroom in the last 5 years (think about your parents, how many renos did you live through as a kid ... zip, maybe 1) ... think about the number of people in super cars ... they can't all be bankers, billionaires and drug dealers. Thats trickle down ... you are trickle down.
My next door neighbours are Chinese ... I dont really talk to them really ... so take the following as poetic license ... they work long fucking hours, usually gone before 6am and back around 9pm ... not sure if its 7 days a week but seems like it ... I believe they are laundry people for restaurants ... or sex traffickers based purely on the dark tint and bars on the back windows of their SLWB Hiace ... Beamers and Mercs applenty, two story house in the inner west ... all anecdotal I know ... but thats trickle down and its also hard graft. Immigrants are a fantastic example of trickle down ... they are willing to eat shit, work hard, start a business, all usually to offer a service to support your consumption in the majority.
But as we have seen, all these fuckers above are the first to get smashed as we tighten belts and become more spend conscious. This highlights trickle down relationships in reverse per se ... in my mind.
In Summary
Think broader on what trickle down is and where it actually originates from.
If you think you aren't benefiting from trickle down then you have a choice to make.
edit: procrastination is bad ... I made the wrong choice
Its not aimed at lifting the quality of employment ... thats up to the individual and choices made.
As much as I hate Hockey's "... get a better job" or Ivanka Trumps "...find something new" ... boil these down to its simplest message ... its about choice. Do something about your circumstance or dont ... aspire or dont ... work hard or chose the easy path ... use your brains or dont.
Thats not a rich or poor thing, Left or Right thing ... its life. Is this part of trickle down ??? I think it is from a psychological point of view,
More practically, think about all those Cafes (Hospitality in general. Tourism is a fantastic example of trickle down), Personal trainers, Gym providers, cleaners, tatoo artists, landscapers/gardeners, pool cleaners, strata providers, Tradies, kitchen businesses, Bicycle Workshops (not retail but workshop specific), nail saloons, Massage places, Physios, Vets ... Fucking Vets and Gyms are my pet peeves (think about all the real estate these fuckers take up and drive up rents)
Thinking Sydney ... specifically Financial Services ... all those buggers with solid incomes ... by no means do they all think they are rich ... thats the trickle down ... think about the number of cafes and or coffee specific businesses in the CBD, now versus 20 years ago. Thats from them ... How many of you have cleaners ... go to the Gym ... have tatoos ... have renovated or put in a new kitchen or bathroom in the last 5 years (think about your parents, how many renos did you live through as a kid ... zip, maybe 1) ... think about the number of people in super cars ... they can't all be bankers, billionaires and drug dealers. Thats trickle down ... you are trickle down.
My next door neighbours are Chinese ... I dont really talk to them really ... so take the following as poetic license ... they work long fucking hours, usually gone before 6am and back around 9pm ... not sure if its 7 days a week but seems like it ... I believe they are laundry people for restaurants ... or sex traffickers
based purely on the dark tint and bars on the back windows of their SLWB Hiace ... Beamers and Mercs applenty, two story house in the inner west ... all anecdotal I know ... but thats trickle down and its also hard graft. Immigrants are a fantastic example of trickle down ... they are willing to eat shit, work hard, start a business, all usually to offer a service to support your consumption in the majority.But as we have seen, all these fuckers above are the first to get smashed as we tighten belts and become more spend conscious. This highlights trickle down relationships in reverse per se ... in my mind.
In Summary
Think broader on what trickle down is and where it actually originates from.
If you think you aren't benefiting from trickle down then you have a choice to make.
edit: procrastination is bad ... I made the wrong choice