This is obvious. People look after themselves first and foremost. You want a rich democracy, tax the rich and give it to the middle and poor classes.
hairymoot on
The rich want all the money. Then the rich want to pass that down to their family. If they can pay people less by cutting their benefits they will. Or replace them with AI. The rich fix leaks or trickling money.
Tax the rich. Help the working class. The rich will STILL be rich and live in a better US.
stevenmacarthur on
Always has been, always will be.
BL0w1ToutY0A55 on
The only people who can possibly say they are beneficiaries of trickle down economics are those who can capitalize on their attractiveness and compartmentalize long enough to squirrel away a chunk of money so they can move on to something else.
Agnos on
Robert Reich, the last real democrat….
12-34 on
Pfft, right. And next you’ll tell me not to take scribbled napkin graphs as gospel.
Right_Ostrich4015 on
Reagan ruined LITERALLY everything
Zaius1968 on
Agreed. All you need to know about why it doesn’t work is this: Yacht owners don’t go bowling. All economics are local.
nobadhotdog on
No shit
whateveryousaymydear on
for some it’s not
ResurgentClusterfuck on
No shit?
Next thing you’ll be telling me is that Trump is a pedophile!
Calm-Director-8896 on
Is this a joke? It’s been 90 years since the concept was first hinted at in America and 40ish since the term was officially coined.
Things that are the most easily demonstrably false:
Flat earth,
Mormonism,
Scientology,
And fucking trickle down economics
canyabalieveit on
It’s not a hoax. It’s a real idea. Just a horrid, abysmal failure of an idea.
shelbys_foot on
About as long as we’ve had settled societies, we’ve had an elite telling everyone else that need special privileges and it will be to everyone’s benefit. Nothing new under the sun.
DawgPound919 on
No shit.
IJourden on
„No shit.“ – Everyone alive in the last 50 years.
BlueHorse_22 on
You know what we got no shortage of in this country? Dummies. – Redd Foxx
jclaunch123 on
And it has been THE WHOLE TIME
GooglyWooglyWoo on
Haven’t we known that for decades?
Weary-Chipmunk-5668 on
we learned nothing from reagan ?
PaymentTurbulent193 on
It’s crazy how people STILL believe this shit despite the ever widening wealth and income gap in America. No shit it’s a hoax, you’d have to be stupid to believe it isn’t.
Sartres_Roommate on
If you know who Robert Reich is, you know voodoo economics is a con.
Maxpowerxp on
It’s Horse and Sparrow Theory. This metaphor described the idea that if you feed a horse more oats than it can digest, the excess will pass through its manure, providing food for the sparrows.
Guess who is the horse and who is the sparrows?
Velveeta_itch on
Love Robert Reich and his son! Sam Reich for president!
jethropenistei- on
What’s the difference between a meth head and a billionaire?
Both are addicts who will help you “find” something they stole from you; one of em just has more teeth.
TAC1313 on
No shit Sherlock
HambugerBurglarizer on
Always has been.
Only a total dipshit falls for it.
That’s why Republicans like their voters to be as stupid as possible.
mnemy on
Enforce a wealth cap, and it might just work out that way. No point in execs stealing every penny they can from the employees because they’ll have to be taxed down 20 million (for example). So might as well share profits with your workers.
But who am I kidding? No politician would pursue that with any hope of success.
Negative-Ad547 on
If 2000+ years of religion hasn’t proven how stupid people are, nothing will.
I imagine some rich prick saying, “The people deserve to be taken advantage of because they are too dumb, scared, and lazy to figure out what’s really happening.”
GatorNator83 on
r/NoShitSherlock
CptToastymuffs on
I don’t need renowned economist and genuinely nice guy Robert Reich to tell me trickle down economics is bullshit. I knew it was bullshit when I was 17 and learned about it in civics class.
Huge_Lime826 on
During the Eisenhower administration, the middle class thrived because of 91% tax on the wealthy. Eisenhower built up our education system and started the interstate highway system for the great infrastructure of our country. Unlike Eisenhower Republican since him have cared more about the wealthy than they have the middle class.
TemetN on
No shit? Based on velocity of money literally the opposite is the case, but I can’t really blame someone for repeating this given this tired old hoax still hangs around.
CluelessSage on
Fun fact, Robert Reich is the father of Sam Reich, the host of both GameChanger and Dropout fame!
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34 Kommentare
This is obvious. People look after themselves first and foremost. You want a rich democracy, tax the rich and give it to the middle and poor classes.
The rich want all the money. Then the rich want to pass that down to their family. If they can pay people less by cutting their benefits they will. Or replace them with AI. The rich fix leaks or trickling money.
Tax the rich. Help the working class. The rich will STILL be rich and live in a better US.
Always has been, always will be.
The only people who can possibly say they are beneficiaries of trickle down economics are those who can capitalize on their attractiveness and compartmentalize long enough to squirrel away a chunk of money so they can move on to something else.
Robert Reich, the last real democrat….
Pfft, right. And next you’ll tell me not to take scribbled napkin graphs as gospel.
Reagan ruined LITERALLY everything
Agreed. All you need to know about why it doesn’t work is this: Yacht owners don’t go bowling. All economics are local.
No shit
for some it’s not
No shit?
Next thing you’ll be telling me is that Trump is a pedophile!
Is this a joke? It’s been 90 years since the concept was first hinted at in America and 40ish since the term was officially coined.
Things that are the most easily demonstrably false:
Flat earth,
Mormonism,
Scientology,
And fucking trickle down economics
It’s not a hoax. It’s a real idea. Just a horrid, abysmal failure of an idea.
About as long as we’ve had settled societies, we’ve had an elite telling everyone else that need special privileges and it will be to everyone’s benefit. Nothing new under the sun.
No shit.
„No shit.“ – Everyone alive in the last 50 years.
You know what we got no shortage of in this country? Dummies. – Redd Foxx
And it has been THE WHOLE TIME
Haven’t we known that for decades?
we learned nothing from reagan ?
It’s crazy how people STILL believe this shit despite the ever widening wealth and income gap in America. No shit it’s a hoax, you’d have to be stupid to believe it isn’t.
If you know who Robert Reich is, you know voodoo economics is a con.
It’s Horse and Sparrow Theory. This metaphor described the idea that if you feed a horse more oats than it can digest, the excess will pass through its manure, providing food for the sparrows.
Guess who is the horse and who is the sparrows?
Love Robert Reich and his son! Sam Reich for president!
What’s the difference between a meth head and a billionaire?
Both are addicts who will help you “find” something they stole from you; one of em just has more teeth.
No shit Sherlock
Always has been.
Only a total dipshit falls for it.
That’s why Republicans like their voters to be as stupid as possible.
Enforce a wealth cap, and it might just work out that way. No point in execs stealing every penny they can from the employees because they’ll have to be taxed down 20 million (for example). So might as well share profits with your workers.
But who am I kidding? No politician would pursue that with any hope of success.
If 2000+ years of religion hasn’t proven how stupid people are, nothing will.
I imagine some rich prick saying, “The people deserve to be taken advantage of because they are too dumb, scared, and lazy to figure out what’s really happening.”
r/NoShitSherlock
I don’t need renowned economist and genuinely nice guy Robert Reich to tell me trickle down economics is bullshit. I knew it was bullshit when I was 17 and learned about it in civics class.
During the Eisenhower administration, the middle class thrived because of 91% tax on the wealthy. Eisenhower built up our education system and started the interstate highway system for the great infrastructure of our country. Unlike Eisenhower Republican since him have cared more about the wealthy than they have the middle class.
No shit? Based on velocity of money literally the opposite is the case, but I can’t really blame someone for repeating this given this tired old hoax still hangs around.
Fun fact, Robert Reich is the father of Sam Reich, the host of both GameChanger and Dropout fame!