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brush

(61,033 posts)
13. You'd think they'd get the simple concept of "disposable income" and follow Henry Ford's, ...
Mon Jan 23, 2017, 12:11 PM
Jan 2017

(I know, not a good man), but a good business man.

He knew to pay his workers well so they could buy his cars. Many one percenters seem to have missed that lesson in economics, what with the off-shoring of jobs, resistance to even raising the minimum wage, or following the Walmart model of underpaying but encouraging it's workers to apply for food stamps (in other words, the government subsidizes its business model so money that should go towards paying a living wage to workers instead goes into Walton pockets).

Whatever it is with these people, none of those methods lead to a sustainable, thriving economy. The well will eventually run dry, and we're seeing that, which is also being exacerbated by the foolishness of trickle-down economics which has never worked and never will work because one percenters aren't trickling anything down but crumbs and never will when they can buy another yacht or house or Ferrari. Brownback's Kansas, a literal trickle-down laboratory that has failed myserably, should be the end of that theory, yet we still see repugs pushing it because it is nothing but a scam that they hope lasts long enough so that they and their clients can get theirs.

IMO, global corporate owners are so greed-driven that America's economy isn't foremost in their minds anymore. India and China have much bigger middle class than the US, with more and more disposable income who will buy their products so we don't matter that much anymore. Or so they think.

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