Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

General Discussion

WarGamer

(18,202 posts)

15. It's because Trickle Down is inefficient.

Reply to dalton99a (Reply #6)

Sat Mar 13, 2021, 06:40 PM

Mar 2021

Give $1000 to a wealthy person and it will probably just end up in a Money Market account or in their Stock Portfolio.

Give $1000 to a poor person and it gets spent SEVERAL TIMES.

Poor dude gets the check and buys a new TV and pays his cell phone bill. Best Buy hires employees who earn a paycheck and the Cell Phone company builds a few new towers... hiring a Construction firm.

The ONLY way trickle down WOULD work would be if the spending would be mandated. But as long as the wealthy hoard and accumulate wealth... trickle down is a myth.

Edit history

Please sign in to view edit histories.

Recommendations

0 members have recommended this reply (displayed in chronological order):

21 replies

= new reply since forum marked as read

Highlight:

Anybody notice Biden's speech yesterday beginning at 19:30 mark? [View all] KS Toronado Mar 2021 OP

I have been trickled on since Ronald Ray Gun Chainfire Mar 2021 #1

"I want to trickle on the rich for a while." ... Jopin Klobe Mar 2021 #5

He's the man for the moment. That passage in the speech... brush Mar 2021 #2

Yes I did, it was a transformative speech drray23 Mar 2021 #3

Trickle up - No More Trickle Down NBachers Mar 2021 #4

Guy that made that sign is a genius KS Toronado Mar 2021 #20

People may have had a different reaction if they'd walked into the men's room at work & saw that guy NBachers Mar 2021 #21

It is a new paradigm, indeed. dalton99a Mar 2021 #6

It's because Trickle Down is inefficient. WarGamer Mar 2021 #15

This thread nails it malaise Mar 2021 #7

+++ KPN Mar 2021 #13

It took over 40 years. Eyeball_Kid Mar 2021 #14

Tell me about it malaise Mar 2021 #16

The campaign behind the Rescue Act has just started. Politicub Mar 2021 #8

"Trickle-down economics" is SUCH a bad idea. It's not like you even need a lot of facts and figures. BobTheSubgenius Mar 2021 #9

Yes! wryter2000 Mar 2021 #10

Supply-side vs demand-side CaptainTruth Mar 2021 #11

Your last paragraph nails it. That's republican-think to a T. brush Mar 2021 #12

I've been reading something that might explain where he's going. ancianita Mar 2021 #17

This book looks fascinating; thanks for that. crickets Mar 2021 #18

Thanks for the article. I'm now on Chapter 6. These ideas are out there today. They just need ancianita Mar 2021 #19