AKA Supply-Side Economics, AKA

REAGANOMICS 🤘🍕🐢

I'm curious, is there a consensus that Reaganomics was faulty entirely?

Intuitively I feel like a little bit of both is true.

If a business owner is taxed out the yin yang then he just has less capital to spend on growing his business. If he wants to grow his business by hiring more people, or other local spending, perhaps that is an undesired effect (If you believe a small business in growth mode is a more powerful engine than a government allocating spending to low bid contractors somehow)

On the other hand if he doesn't want to grow his business by hiring people, for example by buying AI powered robots to do the jobs instead, and then laying off all the staff, then I say tax away.

Time to sharpen the guillotines.

Yeah I've been trying to figure out why republicans want to cancel student debt forgiveness so bad as it literally taking money out of the economy. Even worse, that money is already spent. I guess they assume people just hold onto all that extra money, now the government wants it back... Like what the duck. My credits already shot because of this mess.

And how much they paid off the relevant (conservative) lawmakers.

"When the government wants to incentivize rich people, it gives them money. When it wants to incentivize poor people, it stops giving them money."

Also, even when it does work "like it should", it's not like the company is giving away free money to its workers and the community. That money is used to pay for goods or labour.

Or maybe it is given for free as a bonus, but if any is given to the grunts, I'd assume much more is given to the execs.

Businesses shouldn't be given bailouts. If the government is providing money to support a business that is "too big to fail" but incapable of keeping itself going, that money should be compensated with shares of the business that remain in public holdings. That should be what late stage capitalism looks like, not this "as business fail due to perpetual growth hitting a ceiling, whichever survives the longest gets to enshitify its market due to lack of viable competition and rent seeking, gets bought by someone else who thinks they can do better (often via tyranny), or just fails with current investors and employees left holding the bag. Or the government gives them free money instead of or in addition to this."

That's just it, they don't think. They just regurgitate what fox "news" tells them.

You overestimate the capacity for our planet's resources to put up with this shit.