politics

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

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.

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?

This will never stop being funny

Yeah, no shit…

Saw this earlier today, just saying.

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

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

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.

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! 🤣"

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.

Because the plan all along is generational theft.

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

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

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

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.

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.

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

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

This cannot be solved peacefully.

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.

That just sounds like regular corruption ?

"Trickle down economics"

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

We know, we know.

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

Shocked. I am shocked to the core.

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

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

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.

#1 reason the country is a shit hole.

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.

😲

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

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