It’s “strange”, “bizarre”, and “cockamamie” here because the rich have paid many pundits to “explain” these things to us.
Well now, that’s just silly.
But, who will pay for those roads that lead to those isolated homes of the rich people?
Can we find a sane middle way here? No? Oh.
That’s not really how trickle-down works. Wealth doesn’t trickle down. Loss of wealth does. Corporations pay more taxes and that raises their cost of doing business, which lowers wages, raises prices and reduces reinvestment in the business infrastructure.
There is actually a sweet spot for taxation at any level, where the benefits of taxation can be greater than the harm done by taxation. It is the same for all government spending, naturally, where spending too much does more harm than good, and spending too little reduces the benefits of socialized funding more than it increases private sector health.
I’m going with the selfish lover theory of economics, which states that people just want what they want and don’t really care that much about how it affects anything else or whether there is any benefit beyond their own satisfaction.
It sounds so reasonable! But, of course, the flaw in this premise is that things don’t need to be hidden by the sun to escape our detection…
“Facts are meaningless! You can use facts to prove anything that’s remotely true!”
“Bubble up” would be a more appropriate word choice than “trickle up”. Just sayin’.
The conservative International Monetary Fund came out with an exhaustive study a couple years ago. It stated that if a country’s goal is to try to improve the financial standing for the largest number of its citizens SUPPLY SIDE ECONOMICS DOES NOT WORK. Even with years of proof that it does not work, there are still politicians in this country that push it. Why? Because, their moneyed sponsors want more money and they want it NOW.
I wonder if Counter-Earth only allows militia members to keep and bear arms? I wonder if they use science to combat man-made climate change? I wonder if they have advanced enough in space travel to know not to make contact with us.
Blimey, this redistribution of wealth is trickier than I thought.
Uh, Ruben, there is no such thing as “empirical evidence” in economics. Economics is not a science. The mathematics they use is bogus. They drop all of they variables. If the variables are dropped from mathematical equations you don’t get a correct answer. Therefore, economists are either stupid at math or if the do the math correctly, they don’t get the answers they, in other words they are liars. "Too large a proportion of recent “mathematical” economics are mere concoctions, as imprecise as the initial assumptions they rest on, which allow the author to lose sight of the complexities and interdependencies of the real world in a maze of pretentious and unhelpful symbols.” ― John Maynard Keynes
Should read “they don’t get the answers they want”, not they don’t get the answers they" “In economics, hope and faith coexist with great scientific pretension and also a deep desire for respectability.” – John Kenneth Galbraith
Oh, there is no Nobel Prize in Economics. The faux prize is given by the Swedish Central Bank “In honor of Alfred Nobel”. " The only function of economic[s]…..is to make astrology look respectable." – John Kenneth Galbraith
California might then choose not to continue playing the bills of all the Red States.