this post was submitted on 23 Oct 2024
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[–] Catoblepas@lemmy.blahaj.zone 170 points 2 months ago (1 children)

They spent those 50 years convincing half the voting population that evidence doesn’t matter, unfortunately.

[–] Kalkaline@leminal.space 37 points 2 months ago (4 children)

Good old degradation of public school standards.

[–] halcyoncmdr@lemmy.world 19 points 2 months ago

Combined with 24 hour propaganda on "news" nwtworks

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[–] octopus_ink@lemmy.ml 146 points 2 months ago
[–] ininewcrow@lemmy.ca 93 points 2 months ago (1 children)

Oh no ... it did work ... it worked spectacularly ... for the top wealthiest people in the world

They figured out that they could cut the amount of taxes they had to pay, collect even more wealth for themselves and convince everyone around them and all the poor people out there like you and me that it was all perfectly acceptable, and sensible and that we should all keep electing government officials to keep that system going while we all paid for it. The wealthiest figured out how they could keep their money and make us all pay for it. And they did it for 50 years. And they're still doing it.

I think it worked fantastic ..... for them.

[–] negativenull@lemmy.world 27 points 2 months ago (2 children)

We just need to be more patient and tax-cut the wealthy even harder. Then it'll properly start to trickle. Just a little longer

[–] pivot_root@lemmy.world 18 points 2 months ago

I think I can feel it. It's warm. And... smells a bit like asparagus?

[–] ininewcrow@lemmy.ca 11 points 2 months ago (1 children)

I agree ... but the problem is ... it took 50 years for us to get to this point and it will probably take 50 years or longer to get it back to a manageable level again. That is, if we take 50 years of consistently pushing back against the wealthy in the same way that the wealthy have been pressing the poor for the past 50 years.

[–] negativenull@lemmy.world 9 points 2 months ago

Lina Khan (in the US) is taking those first steps. Harris better keep her in place.

[–] Nougat@fedia.io 81 points 2 months ago (5 children)

How about we try some trickle up economics for a while? That's where you give money to people who actually need it, and let businesses compete for them as customers, and the revenue will trickle up to successful companies.

Might as well, right?

[–] PortoPeople@lemm.ee 22 points 2 months ago (1 children)

We did. Brought to you by Roosevelt.

[–] DragonTypeWyvern@midwest.social 15 points 2 months ago

(Offer not available to black people)

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[–] nifty@lemmy.world 67 points 2 months ago (9 children)

This will never stop being funny

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[–] OhStopYellingAtMe@lemmy.world 67 points 2 months ago

Yeah, no shit…

[–] Kalkaline@leminal.space 55 points 2 months ago (4 children)

Saw this earlier today, just saying.

[–] PineRune@lemmy.world 29 points 2 months ago

But my Maga coworker just told me she wants to make everything more expensive! Now I don't know who to believe; you both sound equally sensible. /s

[–] sik0fewl@lemmy.ca 12 points 2 months ago (1 children)

But I was just about to be a millionaire 😭😭😭

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[–] Crankenstein@lemmy.world 39 points 2 months ago

Yea, it did the exact fuckin opposite. Like we knew it would.

[–] negativeyoda@lemmy.world 35 points 2 months ago (3 children)

Economists have written the same article for years.

This is like that Onion school shooting article that just changes the location except they count how many years it's been since Reagan

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[–] deegeese@sopuli.xyz 34 points 2 months ago (2 children)

Reagan pushed Horse and sparrow economics. If you give the horses enough grain, eventually the sparrows will get to eat a little out of their shit.

[–] lettruthout@lemmy.world 15 points 2 months ago (1 children)

Yeah, but even "eventually" didn't come.

[–] ironhydroxide@sh.itjust.works 18 points 2 months ago

Well duh, bank accounts aren't horses, you can always just add another 0 without overflow

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[–] Allonzee@lemmy.world 28 points 2 months ago* (last edited 2 months ago)

And they used that money as a cudgel to make political bribery perfectly legal in Citizens United, as if it wasn't already rampant. They own this fucking place above board now.

We get a vote on how to, or if we even should address the social issue symptoms of our oligarch class rigging the economic game, ie who to blame or what to spend on the ever dwindling crumbs left for the Commons.

We don't get a vote on the economy itself, that's above our paygrade. From Pelosi to McConnell, "herp derp the free market we're bribed to rig for capital is working just fine... For our portfolios! 🤣"

[–] Asafum@feddit.nl 28 points 2 months ago (2 children)

Of course it didn't work, but only because we didn't give it 150 more years! I promise guys, really, just 180 more years and it will slightly trickle down! It's been scientifamicbly proven that in just 230 more years it will absolutely start to work!

-Study paid for by the fuck you I got mine, but I want yours too foundation.

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[–] mo_lave@reddthat.com 26 points 2 months ago (1 children)

Because the plan all along is generational theft.

[–] Tinidril@midwest.social 9 points 2 months ago

It's all the generations getting robbed, it's just that each successive generation gets shafted worse than the one before. Grandma didn't steal your retirement, the oligarchs did.

[–] MyOpinion@lemm.ee 24 points 2 months ago

Almost like this was the plan all along. The wealthy looking after their own interests to their benefit.

[–] simplejack@lemmy.world 22 points 2 months ago (7 children)

Every couple years, another study that shows the same thing. The rich got richer and the middle class and poor lost.

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[–] toiletobserver@lemmy.world 20 points 2 months ago

Economics: explaining tomorrow why the predictions of yesterday didn't come true today

[–] Maggoty@lemmy.world 20 points 2 months ago (7 children)

Is this going to be like UBI studies, where the news pretends every one of hundreds of studies is the one that is breaking this news for the first time? My economics professor was taking the piss out of supply side economics over a decade ago.

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[–] Gammelfisch@lemmy.world 16 points 2 months ago

Indeed, Ronnie was and still is a big POS in my book. The USA should bring the tax brackets from the 1960's back.

[–] bitjunkie@lemmy.world 16 points 2 months ago* (last edited 2 months ago)

Yeah, no shit. Something anyone remotely educated on the topic has known since the policies went into place. The problem isn't that the information wasn't there, it's that no one with enough power to benefit from it is willing to do anything about it.

[–] aesthelete@lemmy.world 16 points 2 months ago* (last edited 2 months ago) (1 children)

It's by design. But in a serious country, serious world, or amongst serious people, we would've been laughing at the "Laffer curve" the moment Laffer ejaculated it into the napkin he first wet dreamed it upon.

But instead because we're both as laughable as the curve itself and because the rich, industrial asshats in this country were foaming at the mouth for a thin, arguably objective, seemingly mathematical piece of horseshit to cover their "steal from the poor and give to the rich" policy preferences, reproductions of Arthur's ejaculate was disseminated like it was the fucking Mona Lisa.

It should never be said that conservatives are conservative in the normal, adjective sense of the word. For the last fifty years, they've been tearing at the fraying seams of society and have been using "trickle down economics" as their seam ripper, while simultaneously blaming anything and everything other than their objectively horrific policies for the havoc wreaked.

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[–] Burn_The_Right@lemmy.world 15 points 2 months ago

It's almost like every word a conservative (and neoliberal) says is deception or manipulation.

This cannot be solved peacefully.

[–] MehBlah@lemmy.world 14 points 2 months ago

We know, we know.

[–] NutWrench@lemmy.ml 14 points 2 months ago

"Trickle down economics"

They're literally saying, "we're pissing on you."

[–] Hadriscus@lemm.ee 14 points 2 months ago (1 children)

That just sounds like regular corruption ?

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[–] HawlSera@lemm.ee 13 points 2 months ago (3 children)

We need to stop shaming people for believing in religion and start shaming them for believing in trickle down.

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[–] supersquirrel@sopuli.xyz 13 points 2 months ago
[–] Breve@pawb.social 13 points 2 months ago

What do you mean, corporations that have a legal obligation to maximize value for shareholders weren't passing money on to consumers out of the goodness of their hearts? Nobody could have seen that coming! /S

[–] scoredseqrica@lemmy.ml 13 points 2 months ago

Shocked. I am shocked to the core.

[–] warlaan@feddit.org 12 points 2 months ago (1 children)

I'll never understand how this image wasn't ridiculed from the start. I mean if you are talking about "trickling down", wouldn't the bottom be the place where the thing that is trickling down collects?

Of course money trickles down, it trickles down from the poor to rich.

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[–] Itdidnttrickledown@lemmy.world 12 points 2 months ago

hear, hear OP. I can attest that dipshit started us on the path to the worst timeline.

[–] PortoPeople@lemm.ee 11 points 2 months ago

#1 reason the country is a shit hole.

[–] Surp@lemmy.world 10 points 2 months ago* (last edited 2 months ago) (2 children)

People should be always taxed more depending on how much more they make starting at 500,000$ a year for a single person imo. Once you hit that threshold you're far above a normal human....far above.

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[–] h3mlocke@lemm.ee 8 points 2 months ago
[–] JeeBaiChow@lemmy.world 8 points 2 months ago

Lol. Put entertainment people in charge of the economy again. Has the public even seen how they cook the books in that industry?

[–] Semi_Hemi_Demigod@lemmy.world 8 points 2 months ago

That's what happens when you don't set an upper limit for wealth

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